Is 36106, 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, 36106 has remained a Seller's Market.
Key Takeaway
36106 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 36106, AL
How much do homes in 36106, AL cost?
Median Sold Price
$198,000
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 36106 have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in 36106 was $198,000 in May 2024, up 4.2% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $180K | -2.7% |
| 2 Bedrooms | $162.4K | $156K | -3.9% |
| 3 Bedrooms | $173.8K | $181K | +4.1% |
| 4 Bedrooms | $225K | $253K | +12.4% |
| 5+ Bedrooms | $254.5K | $420.8K | +65.4% |
Summary: 36106 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.7%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 65.4%.
Housing Supply in 36106, AL
How many homes are available in 36106, AL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 114 | 118 | +3.5% |
Summary: The 36106 real estate market had 118 homes for sale in May 2024, a 3.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 15 | +7.1% |
| 3 Bedrooms | 49 | 50 | +2.0% |
| 4 Bedrooms | 40 | 42 | +5.0% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The 36106 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 20 | +11.1% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 36106, you may be able to get a good deal. 65% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in 36106 in May 2024, up by 11.1% month-over-month. Of the 20 sold homes, 65% were sold under asking, 20% were sold at asking, and 15% were sold over asking.
Days on Market for 36106, AL
How long does it take to sell a home in 36106, AL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 97 Days | 105 Days | +8.1% |
Summary: Homes in 36106 had an average of 105 days on market in May 2024, up by 8.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 36106 has remained consistent over time.
Summary: During May 2024, 20 homes were sold in 36106; 30% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.
Listing Information Copyright 2024 Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS®, Inc. All rights reserved. Information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information being provided is for consumers personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS® Inc. Real estate listings held by brokerage firms other than this broker are governed by MLS Rules and Regulations and detailed information about them includes the name of the listing companies. 