Is 36604, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 36604 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 36604 was a Seller's Market.

Key Takeaway

36604 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 36604, AL

How much do homes in 36604, AL cost?

Median Sold Price

$265,875

$154/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$8,897(+3.5%)

Key Takeaway

Homes in 36604 have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in 36604 was $265,875 in October 2024, up 3.5% from last year, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $104.8K$235K
+124.1%
2 $180K$182.5K
+1.4%
3 $289.9K$282.5K
-2.6%
4 $414.7K$540K
+30.2%
5+ $700K$597.5K
-14.6%

Summary: 36604 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 124.1%, 2 bedroom homes increased by 1.4%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 30.2%, and 5+ bedroom homes decreased by 14.6%.

Median Sold Price Compared To Nearby Zip Codes

36607
+59.8%
36604
+3.5%
36606
-7.9%

Housing Supply in 36604, AL

How many homes are available in 36604, AL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7695+25.0%

Summary: The 36604 real estate market had 95 homes for sale in October 2024, a 25.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 1215
+25.0%
3 3341
+24.2%
4 2230
+36.4%
5+ 77
0.0%

Summary: The 36604 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 25%, 3 bedroom homes increased by 24.2%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
25+150.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 36604, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 36604 in October 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.

Days on Market for 36604, 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 21 Days Ago

Newest Listings in 36604, AL

Nearby Markets to 36604, AL