35124 Housing Market Report December 2024•Shelby County, Alabama

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Housing Prices in 35124, AL

How much do homes in 35124, AL cost?

Housing Market Conditions

Is 35124, 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

35124 is a Neutral Market

Difference Since November 2024

Last month, 35124 was a Seller's Market.

Insight

35124 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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.
$338,000$171/SqFt
+$58,000
+20.7%

Based on all homes sold in December 2024

Insight

Homes in 35124 have sold for 20.7% more than they did a month ago.

Summary: The median home sold price in 35124 was $338,000 in December 2024, up 20.7% from last month, and the median price per square foot was $171.

Median Sold Price By City

Median Sold Price By City
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
35124
+20.7%
35244
+1.7%
35007
-12.1%
35043
-21.4%
35080
-23.8%

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.
BedsNov 2024Dec 2024Change MoM
1--
N/A
2$197.5K$207.5K
+5.1%
3$279.9K$297.5K
+6.3%
4$339.4K$428K
+26.1%
5$489.7K$1.1M
+134.8%

Summary: 35124 housing price by bedroom type for December 2024, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +5.1%. The home price for 3 bedroom homes increased by +6.3%. The home price for 4 bedroom homes increased by +26.1%. The home price for 5 bedroom homes increased by +134.8%.

Housing supply in 35124, AL

How many homes are available in 35124, 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
147Last MonthDec 2024
1402 months agoNov 2024
+5.0 %
Change MoMNov – Dec

Summary: The 35124 real estate market had 147 homes for sale in Dec 2024, a 5.0 % increase compared to Nov 2024.

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
23Last MonthDec 2024
282 months agoNov 2024
-17.9 %
Change MoMNov – Dec

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.
BedsNov 2024Dec 2024Change MoM
100
0.0%
21717
0.0%
35255
+5.8%
46061
+1.7%
51114
+27.3%

Summary: 35124 housing inventory by bedroom type for December 2024, 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 increased by +5.8%. The inventory for 4 bedroom homes increased by +1.7%. The inventory for 5 bedroom homes increased by +27.3%.

Asking Price vs. Sold Price

How much do homes in 35124, 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 Price2 Homes

At Asking Price10 Homes

Under Asking Price11 Homes

Insight

If you're buying a home in 35124, you may be able to get a good deal. 47.8% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in 35124 in December 2024, down by 17.9% month-over-month. Of the 23 sold homes, 48% were sold under asking, 43% were sold at asking, and and 9% were sold over asking.

Days on Market for 35124, AL

How long does it take to sell a home in 35124, AL?

Breakdown of Home Sale Times

Under 30 Days15 Homes

30 – 90 Days5 Homes

Over 90 Days3 Homes

Insight

Many homes in 35124 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 23 homes were sold in 35124; 65% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 13% 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
39 DaysLast MonthDec 2024
67 Days1 month agoNov 2024
-41.1 %
Change MoMNov – Dec

Summary: Homes in 35124 had an average listing age of 39 days in Dec 2024, down by 41.1% compared to the previous month.

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Newest Listings in 35124, AL

What homes are available in 35124, AL?

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MLS Disclaimers and Copyright

Based on information from Greater Alabama MLS, and West Alabama Multiple Listing Service for the period 11/01/2024 - 01/01/2025

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: 1/31/2025, 4:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Information is provided by West Alabama Multiple Listing Service, Inc. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively 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. Copyright © 2025 West 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: 1/31/2025, 4:15:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.