Is 36575, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 36575 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 36575 was a Seller's Market.

Key Takeaway

36575 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 36575, AL

How much do homes in 36575, AL cost?

Median Sold Price

$272,500

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,500(+2.1%)

Key Takeaway

Homes in 36575 have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in 36575 was $272,500 in October 2024, up 2.1% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $179K$56.8K
-68.3%
3 $259.5K$245.5K
-5.4%
4 $300K$295.5K
-1.5%
5+ $400K$355.5K
-11.1%

Summary: 36575 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 68.3%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 11.1%.

Median Sold Price Compared To Nearby Zip Codes

36608
+13.4%
36575
+2.1%

Housing Supply in 36575, AL

How many homes are available in 36575, AL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7082+17.1%

Summary: The 36575 real estate market had 82 homes for sale in October 2024, a 17.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 3941
+5.1%
4 2434
+41.7%
5+ 55
0.0%

Summary: The 36575 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 5.1%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
92-77.8%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 36575, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in 36575 in October 2024, down by 77.8% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 36575, AL

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in 36575, AL

Nearby Markets to 36575, AL