Is 36108, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 36108 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 36108 was a Seller's Market.

Key Takeaway

36108 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 36108, AL

How much do homes in 36108, AL cost?

Median Sold Price

$90,000

$78/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$31,325(+53.4%)

Key Takeaway

Homes in 36108 have sold for 53.4% more than they did a month ago.

Summary: The median home sold price in 36108 was $90,000 in November 2024, up 53.4% from last month, and the median price per square foot was $78.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $8K-
N/A
3 $66.1K$90K
+36.0%
4 $62.5K-
N/A
5+ --
N/A

Summary: 36108 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 36%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 36108, AL

How many homes are available in 36108, AL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4045+12.5%

Summary: The 36108 real estate market had 45 homes for sale in November 2024, a 12.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 79
+28.6%
3 2731
+14.8%
4 53
-40.0%
5+ 11
0.0%

Summary: The 36108 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 14.8%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
85-37.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 36108, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 36108 in November 2024, down by 37.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for 36108, AL

How long does it take to sell a home in 36108, AL?

Average Sale Time

Oct 2024Nov 2024CHANGE
59 Days46 Days-22.8%

Summary: Homes in 36108 had an average of 46 days on market in Nov 2024, down by 22.8% compared to last month.

Breakdown of Home Sale Times

2 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

Many homes in 36108 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 5 homes were sold in 36108; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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 18 Days Ago

Newest Listings in 36108, AL

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