$1,899 Closing Credit*
$159,900
1,620 SqFt
3 Beds
•2 Full Baths
Michael Atkins, Listing Office: Harris And Atkins Real Estate
Is 36116, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 36116 was a Seller's Market.
Key Takeaway
36116 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 36116, AL
How much do homes in 36116, AL cost?
Median Sold Price
$178,240
$101/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,740(+8.4%)
Key Takeaway
Homes in 36116 have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in 36116 was $178,240 in November 2024, up 8.4% from last year, and the median price per square foot was $101.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $10K | -93.3% |
| 2 Bedrooms | $149K | $180K | +20.8% |
| 3 Bedrooms | $132K | $140K | +6.1% |
| 4 Bedrooms | $238.7K | $253.1K | +6.1% |
| 5+ Bedrooms | $377.4K | $368.4K | -2.4% |
Summary: 36116 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 93.3%, 2 bedroom homes increased by 20.8%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 2.4%.
Housing Supply in 36116, AL
How many homes are available in 36116, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 155 | 158 | +1.9% |
Summary: The 36116 real estate market had 158 homes for sale in November 2024, a 1.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 3 | -57.1% |
| 3 Bedrooms | 79 | 78 | -1.3% |
| 4 Bedrooms | 56 | 60 | +7.1% |
| 5+ Bedrooms | 13 | 17 | +30.8% |
Summary: The 36116 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 57.1%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 30.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 26 | -7.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 36116, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 26 homes were sold or pending in 36116 in November 2024, down by 7.1% month-over-month. Of the 26 sold homes, 35% were sold under asking, 50% were sold at asking, and 15% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 75 Days | 69 Days | -8.3% |
Summary: Homes in 36116 had an average of 69 days on market in Nov 2024, down by 8.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 36116 has remained consistent over time.
Summary: During November 2024, 26 homes were sold in 36116; 35% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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