$1,009 Closing Credit¹
#576051, Sabrina Williams Miller, Listing office: Covenant Realty - Selma
36040 Housing Market Report May 2025•Lowndes County, Alabama
Housing Prices in 36040, AL
How much do homes in 36040, AL cost?
Median List Price
$199,000$77/SqFt
+$22,000
+12.4%
Based on all homes listed in the last 12 months
Insight
The list price of homes in 36040 has increased by 12.4% since last year.
Summary: The median home list price in 36040 was $199,000 in May 2025, up 12.4% from the previous year, and the median price per square foot was $77.
Median List Price By Zip Codes
| City | May 2024 | May 2025 | Change YoY |
|---|---|---|---|
| 36032 | $80K | $97.5K | +21.9% |
| 36040 | $177K | $199K | +12.4% |
| 36752 | $264.9K | $274.9K | +3.8% |
Median List Price By Bedrooms
| Beds | May 2024 | May 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | - | - | N/A |
| 33 Bedrooms | $98.5K | $187.5K | +90.4% |
| 44 Bedrooms | - | $187K | N/A |
| 55+ Bedrooms | $585K | $585K | 0.0% |
Summary: 36040 housing price by bedroom type for May 2025, compared to the previous year. 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 increased by +90.4%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.
How does 36040, AL compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
36040, AL
Housing supply in 36040, AL
How many homes are available in 36040, AL?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 5Last MonthMay 2025 | ||
| 32 months agoApr 2025 | +66.7 % Change MoMApr – May |
Summary: The 36040 real estate market had 5 homes for sale in May 2025, a 66.7 % increase compared to Apr 2025.
Homes For Sale By Bedroom Count
| Beds | Apr 2025 | May 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 0 | 0 | 0.0% |
| 33 Bedrooms | 1 | 2 | +100.0% |
| 44 Bedrooms | 1 | 2 | +100.0% |
| 55+ Bedrooms | 1 | 1 | 0.0% |
Summary: 36040 housing inventory by bedroom type for May 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 increased by +100.0%. The inventory for 4 bedroom homes increased by +100.0%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in 36040, AL cost?
Over Asking Price0 Home
At Asking Price0 Home
Under Asking Price1 Home
Insight
If you're buying a home in 36040, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 36040 in May 2025, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.
Days on Market for 36040, AL
How long does it take to sell a home in 36040, AL?
Breakdown of Home Sale Times
Under 30 Days0 Home
30 – 90 Days0 Home
Over 90 Days1 Home
Insight
Most homes in 36040 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2025, 1 homes were sold in 36040; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
Average Listing Age
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 240 DaysThis YearMay 2025 | ||
| 612 Days1 year agoMay 2024 | -60.7 % Change YoYMay 2024 – May 2025 |
Summary: Homes in 36040 had an average listing age of 240 days in May 2025, down by 60.7% compared to the previous year.
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Newest Listings in 36040, AL
What homes are available in 36040, AL?
Nearby markets
Nearby markets aren't available for 36040, AL
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MLS Disclaimers and Copyright
Based on information from Montgomery Area Association of Realtors MLS, for the period 06/01/2023 - 06/01/2025
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. 
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/29/2025, 5:45:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.