Is 36111, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 36111 has remained a Seller's Market.
Housing Prices in 36111, AL
How much do homes in 36111, AL cost?
Median Sold Price
$182,500
$84/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 36111 was $182,500 in May 2024, up 15.9% from last year, and the median price per square foot was $84.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $130K | $59K | -54.6% |
3 Bedrooms | $125K | $119K | -4.8% |
4 Bedrooms | $242.5K | $244K | +0.6% |
5+ Bedrooms | $489K | $425K | -13.1% |
Summary: 36111 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 54.6%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 13.1%.
Housing Supply in 36111, AL
How many homes are available in 36111, AL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
85 | 85 | 0.0% |
Summary: The 36111 real estate market had 85 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 37 | 39 | +5.4% |
4 Bedrooms | 34 | 32 | -5.9% |
5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The 36111 housing inventory by bedroom type for May 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 5.4%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 17 | +6.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in 36111 in May 2024, up by 6.3% month-over-month. Of the 17 sold homes, 65% were sold under asking, 24% were sold at asking, and 12% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
48 Days | 73 Days | +51.3% |
Summary: Homes in 36111 had an average of 73 days on market in May 2024, up by 51.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 17 homes were sold in 36111; 29% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.