Is 36271, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 36271 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 36271 was a Seller's Market.

Key Takeaway

36271 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 36271, AL

How much do homes in 36271, AL cost?

Median Sold Price

$249,900

$178/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$177,850(-41.6%)

Key Takeaway

Homes in 36271 have sold for 41.6% less than they did a month ago.

Summary: The median home sold price in 36271 was $249,900 in October 2024, down 41.6% from last month, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $280.5K-
N/A
3 $575K$249.9K
-56.5%
4 --
N/A
5+ --
N/A

Summary: 36271 housing prices by bedroom type for October 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 decreased by 56.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 36271, AL

How many homes are available in 36271, AL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
79+28.6%

Summary: The 36271 real estate market had 9 homes for sale in October 2024, a 28.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 45
+25.0%
4 12
+100.0%
5+ 00
0.0%

Summary: The 36271 housing inventory by bedroom type for October 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 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 36271, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in 36271 in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 36271, AL

We’re sorry, we don't have information for this market at the moment

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 36271 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in 36271; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 20 Days Ago

Newest Listings in 36271, AL

Nearby Markets to 36271, AL