Is 36104, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 36104 is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, 36104 has remained a Buyer's Market.

Key Takeaway

36104 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 36104, AL

How much do homes in 36104, AL cost?

Median Sold Price

$92,785

$51/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$69,715(-42.9%)

Key Takeaway

Homes in 36104 have sold for 42.9% less than they did a year ago.

Summary: The median home sold price in 36104 was $92,785 in October 2024, down 42.9% from last year, and the median price per square foot was $51.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $160K$172.2K
+7.6%
2 $202.2K$42K
-79.2%
3 $177.5K$65K
-63.4%
4 $159.5K$175K
+9.7%
5+ $100K$165K
+65.0%

Summary: 36104 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.6%, 2 bedroom homes decreased by 79.2%, 3 bedroom homes decreased by 63.4%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 65%.

Housing Supply in 36104, AL

How many homes are available in 36104, AL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2528+12.0%

Summary: The 36104 real estate market had 28 homes for sale in October 2024, a 12.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 66
0.0%
3 1011
+10.0%
4 55
0.0%
5+ 35
+66.7%

Summary: The 36104 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
330.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 36104, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 36104 in October 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 36104, AL

How long does it take to sell a home in 36104, AL?

Average Sale Time

Oct 2023Oct 2024CHANGE
63 Days65 Days+4.2%

Summary: Homes in 36104 had an average of 65 days on market in Oct 2024, up by 4.2% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 36104 has remained consistent over time.

Summary: During October 2024, 3 homes were sold in 36104; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 14 Days Ago

Newest Listings in 36104, AL

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