Is 36606, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 36606 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 36606 was a Seller's Market.

Key Takeaway

36606 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 36606, AL

How much do homes in 36606, AL cost?

Median Sold Price

$182,925

$132/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$9,075(-4.7%)

Key Takeaway

Homes in 36606 have sold for 4.7% less than they did a year ago.

Summary: The median home sold price in 36606 was $182,925 in November 2024, down 4.7% from last year, and the median price per square foot was $132.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $135K$156K
+15.6%
3 $196K$207K
+5.6%
4 $196K$171.4K
-12.5%
5+ $378K$295K
-22.0%

Summary: 36606 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 22%.

Median Sold Price Compared To Nearby Zip Codes

36604
+22.7%
36608
+15.3%
36606
-4.7%

Housing Supply in 36606, AL

How many homes are available in 36606, AL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
95104+9.5%

Summary: The 36606 real estate market had 104 homes for sale in November 2024, a 9.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 2123
+9.5%
3 5660
+7.1%
4 1619
+18.8%
5+ 22
0.0%

Summary: The 36606 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
62-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 36606, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 36606 in November 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 36606, 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 36606, AL

Nearby Markets to 36606, AL