Is 36251, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 36251 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 36251 was a Buyer's Market.

Key Takeaway

36251 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 36251, AL

How much do homes in 36251, AL cost?

Median Sold Price

$94,000

$146/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$21,000(-18.3%)

Key Takeaway

Homes in 36251 have sold for 18.3% less than they did a month ago.

Summary: The median home sold price in 36251 was $94,000 in December 2024, down 18.3% from last month, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 -$94K
N/A
2 $115K-
N/A
3 -$35K
N/A
4 -$460K
N/A
5+ --
N/A

Summary: 36251 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

36266
+9.3%
36251
-18.3%

Housing Supply in 36251, AL

How many homes are available in 36251, AL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
880.0%

Summary: The 36251 real estate market had 8 homes for sale in December 2024, the same as November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 11
0.0%
3 33
0.0%
4 22
0.0%
5+ 11
0.0%

Summary: The 36251 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 36251, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in 36251 in December 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for 36251, AL

How long does it take to sell a home in 36251, AL?

Average Sale Time

Nov 2024Dec 2024CHANGE
6 Days85 Days+1327.8%

Summary: Homes in 36251 had an average of 85 days on market in Dec 2024, up by 1327.8% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 36251 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 3 homes were sold in 36251; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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 6 Days Ago

Newest Listings in 36251, AL

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