Is 36607, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 36607 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 36607 has remained a Buyer's Market.

Key Takeaway

36607 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 36607, AL

How much do homes in 36607, AL cost?

Median Sold Price

$590,000

$165/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$241,500(+69.3%)

Key Takeaway

Homes in 36607 have sold for 69.3% more than they did a month ago.

Summary: The median home sold price in 36607 was $590,000 in November 2024, up 69.3% from last month, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $348.5K$112.3M
+32142.5%
4 -$590K
N/A
5+ --
N/A

Summary: 36607 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 32142.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 36607, AL

How many homes are available in 36607, AL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2330+30.4%

Summary: The 36607 real estate market had 30 homes for sale in November 2024, a 30.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 66
0.0%
2 02
+100.0%
3 1215
+25.0%
4 57
+40.0%
5+ 00
0.0%

Summary: The 36607 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 100%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

2 Homes Were 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 36607, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 36607 in November 2024, up by 300.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for 36607, 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 36607, AL

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