$4,630 Closing Credit*
$389,900
2,648 SqFt
4 Beds
•2 Full Baths, 1 Partial
Margie Miller, Listing Office: Montgomery Metro Realty
Is 36116, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 36116 has remained a Seller's Market.
Key Takeaway
36116 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 36116, AL
How much do homes in 36116, AL cost?
Median Sold Price
$170,000
$98/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$133(+0.1%)
Key Takeaway
The sold price of homes in 36116 has remained the same since last year.
Summary: The median home sold price in 36116 was $170,000 in October 2024, up 0.1% from last year, and the median price per square foot was $98.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $10K | -93.3% |
| 2 Bedrooms | $151.5K | $179.7K | +18.6% |
| 3 Bedrooms | $135K | $134.5K | -0.4% |
| 4 Bedrooms | $240.7K | $255K | +5.9% |
| 5+ Bedrooms | $381.1K | $367.4K | -3.6% |
Summary: 36116 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 93.3%, 2 bedroom homes increased by 18.6%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 3.6%.
Housing Supply in 36116, AL
How many homes are available in 36116, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 158 | 153 | -3.2% |
Summary: The 36116 real estate market had 153 homes for sale in October 2024, a 3.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 81 | 78 | -3.7% |
| 4 Bedrooms | 54 | 55 | +1.9% |
| 5+ Bedrooms | 14 | 13 | -7.1% |
Summary: The 36116 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 26 | -29.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 36116, you may be able to get a good deal. 42.3% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in 36116 in October 2024, down by 29.7% month-over-month. Of the 26 sold homes, 42% were sold under asking, 35% were sold at asking, and 23% were sold over asking.
Days on Market for 36116, AL
How long does it take to sell a home in 36116, AL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 59 Days | 77 Days | +31.5% |
Summary: Homes in 36116 had an average of 77 days on market in Oct 2024, up by 31.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 36116 has remained consistent over time.
Summary: During October 2024, 26 homes were sold in 36116; 31% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
Listing Information Copyright 2024 Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS®, Inc. All rights reserved. Information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information being provided is for consumers personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS® Inc. Real estate listings held by brokerage firms other than this broker are governed by MLS Rules and Regulations and detailed information about them includes the name of the listing companies. 
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