$4,441 Closing Credit*
$374,000
808 SqFt
2 Beds
•2 Full Baths
Summer Montelaro, Listing Office: Ono Island Luxury Realty LLC
Is 36561, 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, 36561 was a Seller's Market.
Key Takeaway
36561 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 36561, AL
How much do homes in 36561, AL cost?
Median Sold Price
$739,045
$502/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$38,277(+5.5%)
Key Takeaway
Homes in 36561 have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in 36561 was $739,045 in October 2024, up 5.5% from last year, and the median price per square foot was $502.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $432.5K | $476.2K | +10.1% |
| 2 Bedrooms | $599.9K | $585K | -2.5% |
| 3 Bedrooms | $740K | $782.7K | +5.8% |
| 4 Bedrooms | $952.5K | $985K | +3.4% |
| 5+ Bedrooms | $1.7M | $1.5M | -9.6% |
Summary: 36561 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.1%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 9.6%.
Housing Supply in 36561, AL
How many homes are available in 36561, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 720 | 778 | +8.1% |
Summary: The 36561 real estate market had 778 homes for sale in October 2024, a 8.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 67 | 68 | +1.5% |
| 2 Bedrooms | 172 | 189 | +9.9% |
| 3 Bedrooms | 325 | 342 | +5.2% |
| 4 Bedrooms | 112 | 131 | +17.0% |
| 5+ Bedrooms | 44 | 48 | +9.1% |
Summary: The 36561 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 1.5%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 17%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 65 | +54.8% |
Asking Price vs. Sold Price
56 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 36561, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.
Summary: A total of 65 homes were sold or pending in 36561 in October 2024, up by 54.8% month-over-month. Of the 63 sold homes, 89% were sold under asking, 6% were sold at asking, and 5% were sold over asking.
Days on Market for 36561, AL
How long does it take to sell a home in 36561, AL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 65 Days | 20 Days | -69.5% |
Summary: Homes in 36561 had an average of 20 days on market in Oct 2024, down by 69.5% compared to last year.
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
Key Takeaway
Many homes in 36561 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 65 homes were sold in 36561; 2% 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.
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.
The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of the Greater Alabama Multiple Listing Service, Inc. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the content is not guaranteed accurate by the MLS. There is no express or implied warranty by MLS of the accuracy of information which should be independently verified. The Greater Alabama Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Copyright© 2024 Greater Alabama Multiple Listing Service, Inc. All Rights Reserved.