Is 36117, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 36117 has remained a Seller's Market.
Key Takeaway
36117 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 36117, AL
How much do homes in 36117, AL cost?
Median Sold Price
$267,700
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 36117 have sold for 11.3% more than they did a year ago.
Summary: The median home sold price in 36117 was $267,700 in May 2024, up 11.3% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $118.2K | N/A |
| 2 Bedrooms | $135.5K | $145K | +7.0% |
| 3 Bedrooms | $200K | $215.9K | +8.0% |
| 4 Bedrooms | $324.6K | $334.7K | +3.1% |
| 5+ Bedrooms | $485K | $440K | -9.3% |
Summary: 36117 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 9.3%.
Housing Supply in 36117, AL
How many homes are available in 36117, AL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 266 | 309 | +16.2% |
Summary: The 36117 real estate market had 309 homes for sale in May 2024, a 16.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 7 | 11 | +57.1% |
| 3 Bedrooms | 114 | 132 | +15.8% |
| 4 Bedrooms | 112 | 129 | +15.2% |
| 5+ Bedrooms | 32 | 37 | +15.6% |
Summary: The 36117 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 15.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 58 | 59 | +1.7% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 36117, you may be able to get a good deal. 49.2% of homes here sold below asking price last month.
Summary: A total of 59 homes were sold or pending in 36117 in May 2024, up by 1.7% month-over-month. Of the 59 sold homes, 49% were sold under asking, 31% were sold at asking, and 20% were sold over asking.
Days on Market for 36117, AL
How long does it take to sell a home in 36117, AL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 58 Days | 81 Days | +37.8% |
Summary: Homes in 36117 had an average of 81 days on market in May 2024, up by 37.8% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 36117 has remained consistent over time.
Summary: During May 2024, 59 homes were sold in 36117; 32% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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