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36116 Housing Market Report January 2025•Montgomery County, Alabama
Housing Prices in 36116, AL
How much do homes in 36116, AL cost?
Housing Market Conditions
Is 36116, AL a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
36116 is a Neutral Market
Difference Since January 2024
At the same time last year, 36116 was a Seller's Market.
36116 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
Based on all homes sold in the last 12 months
Homes in 36116 have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in 36116 was $186,333 in January 2025, up 11.6% from last year, and the median price per square foot was $106.
Median Sold Price By Bedrooms
Beds | Jan 2024 | Jan 2025 | Change YoY |
---|---|---|---|
11 Bedroom | $150K | $10K | -93.3% |
22 Bedrooms | $161K | $182.5K | +13.4% |
33 Bedrooms | $135K | $137.5K | +1.9% |
44 Bedrooms | $250K | $255K | +2.0% |
55+ Bedrooms | $367.4K | $377.7K | +2.8% |
Summary: 36116 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -93.3%. The home price for 2 bedroom homes increased by +13.4%. The home price for 3 bedroom homes increased by +1.9%. The home price for 4 bedroom homes increased by +2.0%. The home price for 5 bedroom homes increased by +2.8%.
Housing supply in 36116, AL
How many homes are available in 36116, AL?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
144Last MonthJan 2025 | ||
1422 months agoDec 2024 | +1.4 % Change MoMDec – Jan |
Summary: The 36116 real estate market had 144 homes for sale in Jan 2025, a 1.4 % increase compared to Dec 2024.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
21Last MonthJan 2025 | ||
352 months agoDec 2024 | -40.0 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
Beds | Dec 2024 | Jan 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 0 | 0 | 0.0% |
22 Bedrooms | 9 | 7 | -22.2% |
33 Bedrooms | 67 | 70 | +4.5% |
44 Bedrooms | 49 | 48 | -2.0% |
55+ Bedrooms | 17 | 19 | +11.8% |
Summary: 36116 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -22.2%. The inventory for 3 bedroom homes increased by +4.5%. The inventory for 4 bedroom homes decreased by -2.0%. The inventory for 5 bedroom homes increased by +11.8%.
Asking Price vs. Sold Price
How much do homes in 36116, AL cost?
Over Asking Price4 Homes
At Asking Price7 Homes
Under Asking Price10 Homes
If you're buying a home in 36116, you may be able to get a good deal. 47.6% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in 36116 in January 2025, down by 40.0% month-over-month. Of the 21 sold homes, 48% were sold under asking, 33% were sold at asking, and and 19% were sold over asking.
Days on Market for 36116, AL
How long does it take to sell a home in 36116, AL?
Breakdown of Home Sale Times
Under 30 Days6 Homes
30 – 90 Days7 Homes
Over 90 Days8 Homes
Most homes in 36116 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During January 2025, 21 homes were sold in 36116; 29% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
113 DaysThis YearJan 2025 | ||
86 Days1 year agoJan 2024 | +31.1 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in 36116 had an average listing age of 113 days in Jan 2025, up by 31.1% compared to the previous year.
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Newest Listings in 36116, AL
What homes are available in 36116, AL?
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MLS Disclaimers and Copyright
Based on information from Montgomery Area Association of Realtors MLS, and Greater Alabama MLS for the period 02/01/2023 - 02/01/2025
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/5/2025, 7:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/5/2025, 7:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.