Is 36201, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 36201 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 36201 has remained a Seller's Market.

Key Takeaway

36201 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 36201, AL

How much do homes in 36201, AL cost?

Median Sold Price

$86,050

$66/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$32,050(+59.4%)

Key Takeaway

Homes in 36201 have sold for 59.4% more than they did a month ago.

Summary: The median home sold price in 36201 was $86,050 in November 2024, up 59.4% from last month, and the median price per square foot was $66.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $18.5K$75K
+305.4%
3 $80K$86K
+7.6%
4 -$649.9K
N/A
5+ --
N/A

Summary: 36201 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 increased by 305.4%, 3 bedroom homes increased by 7.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

36201
+59.4%
36206
+20.0%
36203
-8.4%
36250
-13.7%

Housing Supply in 36201, AL

How many homes are available in 36201, AL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3639+8.3%

Summary: The 36201 real estate market had 39 homes for sale in November 2024, a 8.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 67
+16.7%
3 2727
0.0%
4 35
+66.7%
5+ 00
0.0%

Summary: The 36201 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 increased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
78+14.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 36201, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 36201 in November 2024, up by 14.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.

Days on Market for 36201, AL

How long does it take to sell a home in 36201, AL?

Average Sale Time

Oct 2024Nov 2024CHANGE
26 Days36 Days+38.9%

Summary: Homes in 36201 had an average of 36 days on market in Nov 2024, up by 38.9% compared to last month.

Breakdown of Home Sale Times

5 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 36201 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 8 homes were sold in 36201; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% 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 21 Days Ago

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