$120,000
9.50 Acres
Land
Ashley M. Hicks, Listing Office: Riverbend Realty Inc.
Is 36854, 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, 36854 was a Neutral Market.
Key Takeaway
36854 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 36854, AL
How much do homes in 36854, AL cost?
Median Sold Price
$180,900
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,650(+18.0%)
Key Takeaway
Homes in 36854 have sold for 18% more than they did a year ago.
Summary: The median home sold price in 36854 was $180,900 in October 2024, up 18% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $95K | N/A |
| 2 Bedrooms | $102K | $131.9K | +29.4% |
| 3 Bedrooms | $164.9K | $180.4K | +9.4% |
| 4 Bedrooms | $250K | $276.9K | +10.8% |
| 5+ Bedrooms | $250K | - | N/A |
Summary: 36854 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 increased by 29.4%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 36854 | $153.2K | $180.9K | +18.0% |
| 31833 | $194K | $226K | +16.5% |
Housing Supply in 36854, AL
How many homes are available in 36854, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 21 | -12.5% |
Summary: The 36854 real estate market had 21 homes for sale in October 2024, a 12.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 13 | 9 | -30.8% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 36854 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 14.3%, 3 bedroom homes decreased by 30.8%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 36854, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 36854 in October 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 36854, AL
How long does it take to sell a home in 36854, AL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 68 Days | 40 Days | -40.8% |
Summary: Homes in 36854 had an average of 40 days on market in Oct 2024, down by 40.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 36854 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 36854; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
