$1,366 Closing Credit*
$115,000
1,502 SqFt
3 Beds
•2 Full Baths
Ryan Beesley, Listing Office: RE/MAX Tri-Star
Is 36111, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 36111 was a Seller's Market.
Key Takeaway
36111 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 36111, AL
How much do homes in 36111, AL cost?
Median Sold Price
$185,000
$85/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,000(+27.6%)
Key Takeaway
Homes in 36111 have sold for 27.6% more than they did a year ago.
Summary: The median home sold price in 36111 was $185,000 in October 2024, up 27.6% from last year, and the median price per square foot was $85.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $124K | $135K | +8.9% |
| 3 Bedrooms | $114.7K | $143K | +24.6% |
| 4 Bedrooms | $235K | $218.5K | -7.0% |
| 5+ Bedrooms | $454.9K | $297K | -34.7% |
Summary: 36111 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 24.6%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes decreased by 34.7%.
Housing Supply in 36111, AL
How many homes are available in 36111, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 79 | 85 | +7.6% |
Summary: The 36111 real estate market had 85 homes for sale in October 2024, a 7.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 39 | 43 | +10.3% |
| 4 Bedrooms | 24 | 29 | +20.8% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The 36111 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 decreased by 40%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 9 | -30.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 36111, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 36111 in October 2024, down by 30.8% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.
Days on Market for 36111, AL
How long does it take to sell a home in 36111, AL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 68 Days | 50 Days | -26.8% |
Summary: Homes in 36111 had an average of 50 days on market in Oct 2024, down by 26.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 36111 has remained consistent over time.
Summary: During October 2024, 9 homes were sold in 36111; 22% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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