Is 36608, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 36608 was a Seller's Market.
Key Takeaway
36608 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 36608, AL
How much do homes in 36608, AL cost?
Median Sold Price
$322,500
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 36608 have sold for 17.3% more than they did a year ago.
Summary: The median home sold price in 36608 was $322,500 in May 2024, up 17.3% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $105K | $135K | +28.6% |
| 2 Bedrooms | $175K | $215K | +22.9% |
| 3 Bedrooms | $239.9K | $231.3K | -3.6% |
| 4 Bedrooms | $427K | $461.7K | +8.1% |
| 5+ Bedrooms | $520K | $628K | +20.8% |
Summary: 36608 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 22.9%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 20.8%.
Housing Supply in 36608, AL
How many homes are available in 36608, AL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 119 | 156 | +31.1% |
Summary: The 36608 real estate market had 156 homes for sale in May 2024, a 31.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 21 | 23 | +9.5% |
| 3 Bedrooms | 32 | 47 | +46.9% |
| 4 Bedrooms | 42 | 56 | +33.3% |
| 5+ Bedrooms | 22 | 29 | +31.8% |
Summary: The 36608 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 46.9%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 31.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 19 | 0.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 36608, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in 36608 in May 2024, the same as the previous month. Of the 19 sold homes, 58% were sold under asking, 26% were sold at asking, and 16% were sold over asking.
Days on Market for 36608, AL
We’re sorry, we don't have information for this market at the moment
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