$80,000
1.14 Acres
Land
Sandra White-Davidson, Listing Office: Divergent Property Solutions
Is 36551, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 36551 has remained a Seller's Market.
Key Takeaway
36551 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 36551, AL
How much do homes in 36551, AL cost?
Median Sold Price
$298,332
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,052(+6.1%)
Key Takeaway
Homes in 36551 have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in 36551 was $298,332 in October 2024, up 6.1% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $168K | $396K | +135.7% |
| 2 Bedrooms | $297.5K | $262.5K | -11.8% |
| 3 Bedrooms | $265K | $287.9K | +8.7% |
| 4 Bedrooms | $284.9K | $335K | +17.5% |
| 5+ Bedrooms | $625K | $430K | -31.2% |
Summary: 36551 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 135.7%, 2 bedroom homes decreased by 11.8%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes decreased by 31.2%.
Housing Supply in 36551, AL
How many homes are available in 36551, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 65 | 71 | +9.2% |
Summary: The 36551 real estate market had 71 homes for sale in October 2024, a 9.2% 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 | 3 | -40.0% |
| 3 Bedrooms | 34 | 36 | +5.9% |
| 4 Bedrooms | 24 | 29 | +20.8% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 36551 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 40%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 14 | +16.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 36551, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 36551 in October 2024, up by 16.7% month-over-month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.
Days on Market for 36551, AL
We’re sorry, we don't have information for this market at the moment
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.