$54,000
9.00 Acres
Land
Mandy Henry, Listing Office: RE/MAX Tri-Star
Is 36701, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 36701 was a Neutral Market.
Key Takeaway
36701 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 36701, AL
How much do homes in 36701, AL cost?
Median Sold Price
$121,500
$69/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,500(+10.5%)
Key Takeaway
Homes in 36701 have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in 36701 was $121,500 in October 2024, up 10.5% from last year, and the median price per square foot was $69.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $40K | $40K | 0.0% |
| 3 Bedrooms | $112.3K | $120K | +6.8% |
| 4 Bedrooms | $100K | $180K | +80.0% |
| 5+ Bedrooms | $250K | $201K | -19.6% |
Summary: 36701 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 80%, and 5+ bedroom homes decreased by 19.6%.
Median Sold Price Compared To Nearby Zip Codes
| 36701 | $110K | $121.5K | +10.5% |
| 36703 | $120K | $76.5K | -36.3% |
Housing Supply in 36701, AL
How many homes are available in 36701, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 81 | 81 | 0.0% |
Summary: The 36701 real estate market had 81 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 8 | -27.3% |
| 3 Bedrooms | 49 | 50 | +2.0% |
| 4 Bedrooms | 15 | 18 | +20.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 36701 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 decreased by 27.3%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 6 | -50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 36701, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 36701 in October 2024, down by 50.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for 36701, AL
How long does it take to sell a home in 36701, AL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 52 Days | 109 Days | +110.1% |
Summary: Homes in 36701 had an average of 109 days on market in Oct 2024, up by 110.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 36701 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 6 homes were sold in 36701; 17% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
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