$2,078 Closing Credit*
$175,000
1,183 SqFt
2 Beds
•2 Full Baths
Brett Helton, Listing Office: PHD Realty, LLC
Is 36502, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 36502 was a Neutral Market.
Key Takeaway
36502 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 36502, AL
How much do homes in 36502, AL cost?
Median Sold Price
$195,000
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,000(+1.0%)
Key Takeaway
Homes in 36502 have sold for 1% more than they did a year ago.
Summary: The median home sold price in 36502 was $195,000 in October 2024, up 1% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $134.9K | $110K | -18.5% |
| 3 Bedrooms | $193K | $195K | +1.0% |
| 4 Bedrooms | $206.4K | $201.9K | -2.2% |
| 5+ Bedrooms | $397.5K | $257.5K | -35.2% |
Summary: 36502 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18.5%, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 35.2%.
Housing Supply in 36502, AL
How many homes are available in 36502, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 77 | 84 | +9.1% |
Summary: The 36502 real estate market had 84 homes for sale in October 2024, a 9.1% 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 | 5 | 4 | -20.0% |
| 3 Bedrooms | 36 | 43 | +19.4% |
| 4 Bedrooms | 26 | 29 | +11.5% |
| 5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The 36502 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 decreased by 20%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 17 | +183.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 36502, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 36502 in October 2024, up by 183.3% month-over-month. Of the 17 sold homes, 47% were sold under asking, 35% were sold at asking, and 18% were sold over asking.
Days on Market for 36502, AL
How long does it take to sell a home in 36502, AL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 106 Days | +265.5% |
Summary: Homes in 36502 had an average of 106 days on market in Oct 2024, up by 265.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 36502 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 17 homes were sold in 36502; 24% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 12% 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.
Listing Information Copyright 2024 Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS®, Inc. All rights reserved. Information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information being provided is for consumers personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS® Inc. Real estate listings held by brokerage firms other than this broker are governed by MLS Rules and Regulations and detailed information about them includes the name of the listing companies. 