Is Red Level, AL 36474 a buyer’s or seller’s market?
Red Level is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Red Level housing market right now
In the three months ending August 31, 2026, 0% of homes in Red Level, AL 36474 sold above their list price, the typical home went under contract in 128 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 6 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 38%, homes sold more slowly (40 days then) and the median sale price fell 31% to $160,680. Overall, Red Level is less competitive than a year ago, which gives buyers more room.
Within Covington 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, Andalusia 36421 (7% sold over asking) and Opp 36467 (7% sold over asking) are even more competitive.
Run the numbers for 36474
Nearby markets
Andalusia 36420Balanced $110 /sq ftAndalusia 36421Balanced $163 /sq ftDozier 36028Buyer’s market $235 /sq ftFlorala 36442Buyer’s market $129 /sq ft Browse all markets →Towns like Red Level nearby
Find towns like Red Level in other states →Where Red Level is
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Questions about Red Level real estate
Is Red Level a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in Red Level, AL 36474 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 Level?
The typical home went under contract in 128 days in the latest three months.
Do homes in Red Level sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.9% of the list price.
What are property taxes in Red Level?
About 0.26% of a home’s value a year in Covington County, or roughly $1,040 on a $400,000 home.
What is the median home price in Red Level?
The median sale price was $160,680 in the three months ending August 31, 2026, about $114 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