Is Steele, AL 35987 a buyer’s or seller’s market?
Steele is a seller’s market. With about 1.3 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Steele housing market right now
In the three months ending August 31, 2026, 0% of homes in Steele, AL 35987 sold above their list price, the typical home went under contract in 43 days and there were 1.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. 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 fell from 50%, homes sold faster (45 days then) and the median sale price fell 31% to $291,874. Overall, Steele is less competitive than a year ago, which gives buyers more room.
Within St. Clair County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.
Nearby, Ragland 35131 (29% sold over asking) and Odenville 35120 (25% sold over asking) are even more competitive.
Run the numbers for 35987
Nearby markets
Ashville 35953Buyer’s market $151 /sq ftCropwell 35054Buyer’s market $211 /sq ftMargaret 35112 — /sq ftMoody 35004Seller’s market $164 /sq ft Browse all markets →Towns like Steele nearby
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Questions about Steele real estate
Is Steele a buyer’s or seller’s market?
A seller’s market: there were 1.3 months of supply in Steele, AL 35987 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 Steele?
The typical home went under contract in 43 days in the latest three months.
Do homes in Steele sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 92.6% of the list price.
What are property taxes in Steele?
About 0.32% of a home’s value a year in St. Clair County, or roughly $1,280 on a $400,000 home.
What is the median home price in Steele?
The median sale price was $291,874 in the three months ending August 31, 2026, about $165 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology