Is 36609, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 36609 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 36609 was a Seller's Market.

Key Takeaway

36609 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 36609, AL

How much do homes in 36609, AL cost?

Median Sold Price

$239,900

$127/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$34,625(+16.9%)

Key Takeaway

Homes in 36609 have sold for 16.9% more than they did a year ago.

Summary: The median home sold price in 36609 was $239,900 in November 2024, up 16.9% from last year, and the median price per square foot was $127.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $146.2K$155K
+6.0%
3 $189.9K$211.9K
+11.6%
4 $278.9K$299.9K
+7.5%
5+ $464K$512.4K
+10.4%

Summary: 36609 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 6%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 10.4%.

Median Sold Price Compared To Nearby Zip Codes

36609
+16.9%
36608
+15.3%
36693
+4.9%
36606
-4.7%

Housing Supply in 36609, AL

How many homes are available in 36609, AL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
86113+31.4%

Summary: The 36609 real estate market had 113 homes for sale in November 2024, a 31.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 16
+500.0%
3 5164
+25.5%
4 2533
+32.0%
5+ 910
+11.1%

Summary: The 36609 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 500%, 3 bedroom homes increased by 25.5%, 4 bedroom homes increased by 32%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
770.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 36609, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 36609 in November 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for 36609, 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 36609, AL

Nearby Markets to 36609, AL