$861 Closing Credit*
$72,500
2,100 SqFt
2 Beds
•2 Full Baths
Noah Pettis, Listing Office: TRUE SOUTHERN REALTY LLC
Is 36401, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 36401 was a Seller's Market.
Key Takeaway
36401 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 36401, AL
How much do homes in 36401, AL cost?
Median Sold Price
$108,525
$73/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$62,975(-36.7%)
Key Takeaway
Homes in 36401 have sold for 36.7% less than they did a month ago.
Summary: The median home sold price in 36401 was $108,525 in October 2024, down 36.7% from last month, and the median price per square foot was $73.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $168K | $108.5K | -35.4% |
| 4 Bedrooms | $260K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 36401 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 35.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 36401, AL
How many homes are available in 36401, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 21 | +31.3% |
Summary: The 36401 real estate market had 21 homes for sale in October 2024, a 31.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 36401 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 increased by 200%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 36401, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in 36401 in October 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 36401, AL
How long does it take to sell a home in 36401, AL?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 189 Days | 129 Days | -31.7% |
Summary: Homes in 36401 had an average of 129 days on market in Oct 2024, down by 31.7% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in 36401 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 1 homes were sold in 36401; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
Listing information Copyright © 2024 Baldwin County Association of REALTORS®, Inc. All rights reserved. MLS IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.