Is Red Bay, AL 35582 a buyer’s or seller’s market?
Red Bay is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Red Bay housing market right now
In the three months ending August 31, 2026, 0% of homes in Red Bay, AL 35582 sold above their list price, the typical home went under contract in 112 days and there were 9.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 5 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (41 days then) and the median sale price rose 48% to $132,843. Overall, Red Bay is less competitive than a year ago, which gives buyers more room.
Within Franklin County, homes here sell more slowly than in 83% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Russellville 35653 (20% sold over asking) and Russellville 35654 (19% sold over asking) are even more competitive.
Run the numbers for 35582
Nearby markets
Hodges 35571Buyer’s market $76 /sq ftPhil Campbell 35581Seller’s market $116 /sq ftRussellville 35653Buyer’s market $123 /sq ftRussellville 35654Balanced $126 /sq ft Browse all markets →Towns like Red Bay nearby
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Questions about Red Bay real estate
Is Red Bay a buyer’s or seller’s market?
A buyer’s market: there were 9.6 months of supply in Red Bay, AL 35582 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Red Bay?
The typical home went under contract in 112 days in the latest three months.
Do homes in Red Bay sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 99.5% of the list price.
What are property taxes in Red Bay?
About 0.32% of a home’s value a year in Franklin County, or roughly $1,280 on a $400,000 home.
What is the median home price in Red Bay?
The median sale price was $132,843 in the three months ending August 31, 2026, about $64 per square foot.
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More tools for 35582
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology