Is 36608, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 36608 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 36608 was a Seller's Market.

Key Takeaway

36608 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 36608, AL

How much do homes in 36608, AL cost?

Median Sold Price

$336,000

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$44,500(+15.3%)

Key Takeaway

Homes in 36608 have sold for 15.3% more than they did a year ago.

Summary: The median home sold price in 36608 was $336,000 in November 2024, up 15.3% from last year, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $105K$131.2K
+25.0%
2 $175K$192.5K
+10.0%
3 $237.2K$240.6K
+1.4%
4 $355K$484.3K
+36.4%
5+ $574K$769K
+34.0%

Summary: 36608 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes increased by 34%.

Median Sold Price Compared To Nearby Zip Codes

36609
+16.9%
36608
+15.3%

Housing Supply in 36608, AL

How many homes are available in 36608, AL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
149187+25.5%

Summary: The 36608 real estate market had 187 homes for sale in November 2024, a 25.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 14
+300.0%
2 2021
+5.0%
3 4964
+30.6%
4 5976
+28.8%
5+ 2022
+10.0%

Summary: The 36608 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 30.6%, 4 bedroom homes increased by 28.8%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
108-20.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 36608, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 36608 in November 2024, down by 20.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.

Days on Market for 36608, 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 36608, AL

Nearby Markets to 36608, AL