Is 36611, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 36611 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 36611 has remained a Buyer's Market.

Key Takeaway

36611 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 36611, AL

How much do homes in 36611, AL cost?

Median Sold Price

$110,200

$103/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$56,700(+106.0%)

Key Takeaway

Homes in 36611 have sold for 106% more than they did a month ago.

Summary: The median home sold price in 36611 was $110,200 in October 2024, up 106% from last month, and the median price per square foot was $103.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$169.9K
N/A
3 $53.5K$95.6K
+78.7%
4 --
N/A
5+ --
N/A

Summary: 36611 housing prices by bedroom type for October 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 78.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 36611, AL

How many homes are available in 36611, AL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3239+21.9%

Summary: The 36611 real estate market had 39 homes for sale in October 2024, a 21.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 2125
+19.0%
4 67
+16.7%
5+ 12
+100.0%

Summary: The 36611 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 19%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 36611, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 36611 in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for 36611, 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 20 Days Ago

Newest Listings in 36611, AL

Nearby Markets to 36611, AL