35242 Housing Market Report December 2024•Shelby County, Alabama

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Housing Prices in 35242, AL

How much do homes in 35242, AL cost?

Housing Market Conditions

Is 35242, 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

35242 is a Seller's Market

Difference Since November 2024

Last month, 35242 has remained a Seller's Market.

Insight

35242 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.
$535,000$193/SqFt
+$35,000
+7.0%

Based on all homes sold in December 2024

Insight

Homes in 35242 have sold for 7% more than they did a month ago.

Summary: The median home sold price in 35242 was $535,000 in December 2024, up 7% from last month, and the median price per square foot was $193.

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
35243
+16.7%
35210
+13.2%
35242
+7.0%
35223
-1.9%
35043
-21.4%

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$152.5K-
N/A
2$279.9K$305K
+9.0%
3$412K$412.4K
0.1%
4$525.7K$599.9K
+14.1%
5$990K$765K
-22.7%

Summary: 35242 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 +9.0%. The home price for 3 bedroom homes increased by 0.1%. The home price for 4 bedroom homes increased by +14.1%. The home price for 5 bedroom homes decreased by -22.7%.

Housing supply in 35242, AL

How many homes are available in 35242, 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
219Last MonthDec 2024
2472 months agoNov 2024
-11.3 %
Change MoMNov – Dec

Summary: The 35242 real estate market had 219 homes for sale in Dec 2024, a 11.3 % decrease 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
53Last MonthDec 2024
672 months agoNov 2024
-20.9 %
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
165
-16.7%
21717
0.0%
37770
-9.1%
48978
-12.4%
55849
-15.5%

Summary: 35242 housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -16.7%. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -9.1%. The inventory for 4 bedroom homes decreased by -12.4%. The inventory for 5 bedroom homes decreased by -15.5%.

Asking Price vs. Sold Price

How much do homes in 35242, 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 Price6 Homes

At Asking Price19 Homes

Under Asking Price28 Homes

Insight

If you're buying a home in 35242, you may be able to get a good deal. 52.8% of homes here sold below asking price last month.

Summary: A total of 53 homes were sold or pending in 35242 in December 2024, down by 20.9% month-over-month. Of the 53 sold homes, 53% were sold under asking, 36% were sold at asking, and and 11% were sold over asking.

Days on Market for 35242, AL

How long does it take to sell a home in 35242, AL?

Breakdown of Home Sale Times

Under 30 Days31 Homes

30 – 90 Days14 Homes

Over 90 Days8 Homes

Insight

Many homes in 35242 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 53 homes were sold in 35242; 58% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 15% 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
41 DaysLast MonthDec 2024
37 Days1 month agoNov 2024
+12.7 %
Change MoMNov – Dec

Summary: Homes in 35242 had an average listing age of 41 days in Dec 2024, up by 12.7% compared to the previous month.

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Newest Listings in 35242, AL

What homes are available in 35242, AL?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from Greater Alabama MLS, ValleyMLS, Montgomery Area Association of Realtors 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: 1/18/2025, 2:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to ValleyMLS on this Web site derived in part from the VALLEYMLS.COM MLS (VALLEYMLS.COM) IDX datashare program. © 2025 Valley MLS, Inc.

All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/18/2025, 2:21:05 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Listing Information Copyright 2025 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. Equal Housing
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/18/2025, 2:20:51 PM 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: 1/18/2025, 2:16:09 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.