36877 Housing Market Report December 2024•Lee County, Alabama

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Housing Prices in 36877, AL

How much do homes in 36877, AL cost?

Housing Market Conditions

Is 36877, 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

36877 is a Seller's Market

Difference Since December 2023

Since last year, 36877 has remained a Seller's Market.

Insight

36877 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.
$349,950$157/SqFt
+$52,500
+17.7%

Based on all homes sold in the last 12 months

Insight

Homes in 36877 have sold for 17.7% more than they did a year ago.

Summary: The median home sold price in 36877 was $349,950 in December 2024, up 17.7% from last year, and the median price per square foot was $157.

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 YoY
36877
+17.7%
36867
+17.1%
36874
+6.0%
36870
+5.5%
31904
-10.9%

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.
BedsDec 2023Dec 2024Change YoY
1-$121K
N/A
2$86.5K$193.5K
+123.5%
3$229.5K$252.9K
+10.2%
4$350K$370K
+5.7%
5$380K$397.4K
+4.6%

Summary: 36877 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 increased by +123.5%. The home price for 3 bedroom homes increased by +10.2%. The home price for 4 bedroom homes increased by +5.7%. The home price for 5 bedroom homes increased by +4.6%.

Housing supply in 36877, AL

How many homes are available in 36877, 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
43Last MonthDec 2024
472 months agoNov 2024
-8.5 %
Change MoMNov – Dec

Summary: The 36877 real estate market had 43 homes for sale in Dec 2024, a 8.5 % 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
11Last MonthDec 2024
82 months agoNov 2024
+37.5 %
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%
211
0.0%
32019
-5.0%
41714
-17.6%
599
0.0%

Summary: 36877 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 remained the same. The inventory for 3 bedroom homes decreased by -5.0%. The inventory for 4 bedroom homes decreased by -17.6%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 36877, 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 Price3 Homes

Under Asking Price8 Homes

Insight

If you're buying a home in 36877, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 36877 in December 2024, up by 37.5% month-over-month. Of the 11 sold homes, 73% were sold under asking, 27% were sold at asking, and and 0% were sold over asking.

Days on Market for 36877, AL

How long does it take to sell a home in 36877, AL?

Breakdown of Home Sale Times

Under 30 Days4 Homes

30 – 90 Days6 Homes

Over 90 Days1 Home

Insight

Avg time on Rocket Homes in 36877 has remained consistent over time.

Summary: During December 2024, 11 homes were sold in 36877; 36% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 9% 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
38 DaysThis YearDec 2024
27 Days1 year agoDec 2023
+38.4 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in 36877 had an average listing age of 38 days in Dec 2024, up by 38.4% compared to the previous year.

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Newest Listings in 36877, AL

What homes are available in 36877, AL?

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MLS Disclaimers and Copyright

Based on information from Lee County MLS, Columbus Board of REALTORS MLS, and Georgia MLS for the period 01/01/2023 - 01/01/2025

IDX Listing information provided in part by the Lee County Association of REALTORS® for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © Lee County Association of REALTORS® 2024. 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: 1/30/2025, 9:15:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of The Columbus Board of Realtors. Detailed information on Real estate listings held by firms other than this broker includes the Listing Brokers Firm Name. 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. All information provided is deemed reliable but is not guaranteed.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/30/2025, 9:15:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Based on information from the Georgia MLS © 2025.

All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/30/2025, 9:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.