36502 Housing Market Report December 2024•Escambia County, Alabama

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Housing Prices in 36502, AL

How much do homes in 36502, AL cost?

Housing Market Conditions

Is 36502, 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

36502 is a Seller's Market

Difference Since December 2023

At the same time last year, 36502 was a Neutral Market.

Insight

36502 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.
$205,000$114/SqFt
+$18,500
+9.9%

Based on all homes sold in the last 12 months

Insight

Homes in 36502 have sold for 9.9% more than they did a year ago.

Summary: The median home sold price in 36502 was $205,000 in December 2024, up 9.9% from last year, and the median price per square foot was $114.

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.
BedsDec 2023Dec 2024Change YoY
1--
N/A
2$139.9K$104.5K
-25.3%
3$193K$195K
+1.0%
4$189.9K$272.5K
+43.5%
5$345K$328.7K
-4.7%

Summary: 36502 housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -25.3%. The home price for 3 bedroom homes increased by +1.0%. The home price for 4 bedroom homes increased by +43.5%. The home price for 5 bedroom homes decreased by -4.7%.

Housing supply in 36502, AL

How many homes are available in 36502, 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
84Last MonthDec 2024
822 months agoNov 2024
+2.4 %
Change MoMNov – Dec

Summary: The 36502 real estate market had 84 homes for sale in Dec 2024, a 2.4 % 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
16Last MonthDec 2024
152 months agoNov 2024
+6.7 %
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%
268
+33.3%
33938
-2.6%
42929
0.0%
589
+12.5%

Summary: 36502 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 increased by +33.3%. The inventory for 3 bedroom homes decreased by -2.6%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +12.5%.

Asking Price vs. Sold Price

How much do homes in 36502, 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 Price1 Home

At Asking Price1 Home

Under Asking Price12 Homes

Insight

If you're buying a home in 36502, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in 36502 in December 2024, up by 6.7% month-over-month. Of the 14 sold homes, 86% were sold under asking, 7% were sold at asking, and and 7% were sold over asking.

Days on Market for 36502, AL

How long does it take to sell a home in 36502, AL?

Breakdown of Home Sale Times

Under 30 Days2 Homes

30 – 90 Days3 Homes

Over 90 Days2 Homes

Insight

Avg time on Rocket Homes in 36502 has remained consistent over time.

Summary: During December 2024, 16 homes were sold in 36502; 13% of homes were sold within 30 days, 19% 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.
This Year1 year agoChange YoY
54 DaysThis YearDec 2024
95 Days1 year agoDec 2023
-42.5 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in 36502 had an average listing age of 54 days in Dec 2024, down by 42.5% compared to the previous year.

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Newest Listings in 36502, AL

What homes are available in 36502, AL?

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MLS Disclaimers and Copyright

Based on information from Baldwin County MLS Inc., Pensacola MLS, Gulf Coast Multiple Listing Service, Montgomery Area Association of Realtors MLS, and ValleyMLS for the period 01/01/2023 - 01/01/2025

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Last updated on: 1/22/2025, 2:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright © 2025 by the Multiple Listing Service of the Pensacola Association of REALTORS® This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. 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.This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/22/2025, 2:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Information is provided by Gulf Coast 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 Gulf Coast 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: 1/22/2025, 2:20:51 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: 1/22/2025, 2:20:49 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: 1/22/2025, 2:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.