35116 Housing Market Report February 2025•Jefferson County, Alabama

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Housing Prices in 35116, AL

How much do homes in 35116, AL cost?

Housing Market Conditions

Is 35116, AL a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

35116 is a Seller's Market

Difference Since January 2025

Last month, 35116 was a Buyer's Market.

Insight

35116 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$309,055$142/SqFt
-$11,385
-3.6%

Based on all homes sold in February 2025

Insight

Homes in 35116 have sold for 3.6% less than they did a month ago.

Summary: The median home sold price in 35116 was $309,055 in February 2025, down 3.6% from last month, and the median price per square foot was $142.

Median Sold Price By Zip Codes

Median Sold Price By Zip Codes
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange MoM
35126
+35.6%
35180
+30.2%
35071
+12.0%
35116
-3.6%
35091
-11.8%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2025Feb 2025Change MoM
1--
N/A
2-$205K
N/A
3$316.7K$227.3K
-28.2%
4$450K$351K
-22.0%
5--
N/A

Summary: 35116 housing price by bedroom type for February 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes decreased by -28.2%. The home price for 4 bedroom homes decreased by -22.0%. The home price for 5 bedroom homes did not change.

Housing supply in 35116, AL

How many homes are available in 35116, AL?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
41Last MonthFeb 2025
412 months agoJan 2025
0.0 %
Change MoMJan – Feb

Summary: The 35116 real estate market had 41 homes for sale in Feb 2025, the same as Jan 2025

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
9Last MonthFeb 2025
52 months agoJan 2025
+80.0 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
100
0.0%
211
0.0%
32625
-3.8%
41213
+8.3%
522
0.0%

Summary: 35116 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -3.8%. The inventory for 4 bedroom homes increased by +8.3%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 35116, AL cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price3 Homes

At Asking Price1 Home

Under Asking Price5 Homes

Insight

If you're buying a home in 35116, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 35116 in February 2025, up by 80.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and and 33% were sold over asking.

Days on Market for 35116, AL

How long does it take to sell a home in 35116, AL?

Breakdown of Home Sale Times

Under 30 Days6 Homes

30 – 90 Days2 Homes

Over 90 Days1 Home

Insight

Many homes in 35116 are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 9 homes were sold in 35116; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
26 DaysLast MonthFeb 2025
40 Days1 month agoJan 2025
-35.6 %
Change MoMJan – Feb

Summary: Homes in 35116 had an average listing age of 26 days in Feb 2025, down by 35.6% compared to the previous month.

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Newest Listings in 35116, AL

What homes are available in 35116, AL?

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MLS Disclaimers and Copyright

Based on information from Greater Alabama MLS, and Strategic MLS Alliance for the period 01/01/2025 - 03/01/2025

IDX The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of the Greater Alabama Multiple Listing Service, Inc. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the content is not guaranteed accurate by the MLS. There is no express or implied warranty by MLS of the accuracy of information which should be independently verified. The Greater Alabama Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Copyright© 2025 Greater Alabama Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/10/2025, 9:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright 2025 Strategic MLS Alliance. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/10/2025, 9:15:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.