35616 Housing Market Report April 2025•Colbert County, Alabama

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Housing Prices in 35616, AL

How much do homes in 35616, AL cost?

Housing Market Conditions

Is 35616, 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

35616 is a Seller's Market

Difference Since April 2024

Since last year, 35616 has remained a Seller's Market.

Insight

35616 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.
$134,000$77/SqFt
+$19,000
+16.5%

Based on all homes sold in the last 12 months

Insight

Homes in 35616 have sold for 16.5% more than they did a year ago.

Summary: The median home sold price in 35616 was $134,000 in April 2025, up 16.5% from last year, and the median price per square foot was $77.

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 YoY
35616
+16.5%
35653
+15.0%
35674
+5.0%
35633
+2.9%

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.
BedsApr 2024Apr 2025Change YoY
1-$45K
N/A
2$67K$39.5K
-41.0%
3$120K$117K
-2.5%
4$170K$186.5K
+9.7%
5$80K-
N/A

Summary: 35616 housing price by bedroom type for April 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -41.0%. The home price for 3 bedroom homes decreased by -2.5%. The home price for 4 bedroom homes increased by +9.7%. The home price for 5 bedroom homes did not change.

How does 35616, AL compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

35616, AL

Housing supply in 35616, AL

How many homes are available in 35616, 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
26Last MonthApr 2025
272 months agoMar 2025
-3.7 %
Change MoMMar – Apr

Summary: The 35616 real estate market had 26 homes for sale in Apr 2025, a 3.7 % decrease compared to Mar 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 MonthApr 2025
32 months agoMar 2025
+200.0 %
Change MoMMar – Apr

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.
BedsMar 2025Apr 2025Change MoM
100
0.0%
232
-33.3%
31515
0.0%
456
+20.0%
543
-25.0%

Summary: 35616 housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -33.3%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes increased by +20.0%. The inventory for 5 bedroom homes decreased by -25.0%.

Asking Price vs. Sold Price

How much do homes in 35616, 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 Price0 Home

At Asking Price1 Home

Under Asking Price8 Homes

Insight

If you're buying a home in 35616, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 35616 in April 2025, up by 200.0% month-over-month. Of the 9 sold homes, 89% were sold under asking, 11% were sold at asking, and and 0% were sold over asking.

Days on Market for 35616, AL

How long does it take to sell a home in 35616, AL?

Breakdown of Home Sale Times

Under 30 Days2 Homes

30 – 90 Days4 Homes

Over 90 Days2 Homes

Insight

Avg time on Rocket Homes in 35616 has remained consistent over time.

Summary: During April 2025, 9 homes were sold in 35616; 22% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 22% 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.
This Year1 year agoChange YoY
53 DaysThis YearApr 2025
37 Days1 year agoApr 2024
+43.6 %
Change YoYApr 2024 – Apr 2025

Summary: Homes in 35616 had an average listing age of 53 days in Apr 2025, up by 43.6% compared to the previous year.

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Newest Listings in 35616, AL

What homes are available in 35616, AL?

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MLS Disclaimers and Copyright

Based on information from Strategic MLS Alliance, Memphis MLS, and ValleyMLS for the period 05/01/2023 - 05/01/2025

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: 5/20/2025, 2:15:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright© 2025 Memphis Area Association of REALTORS. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/20/2025, 2:20:30 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: 5/20/2025, 2:20:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.