Alabama Housing Market
Cold MarketHousing market data and trends for Alabama. Track median prices, inventory, days on market, and competition metrics for real estate investors.
Data period: March 2026
Median Sale Price
$300K
↑ 4.1% YoY
Days on Market
69 days
– 0.0% YoY
Active Inventory
22,194
↑ 4.1% YoY
Homes Sold
5,295
↑ 4.6% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Alabama Market Summary
The Alabama housing market is cooling down. As of March 2026, the median home sale price is $300K, up 4.1% year-over-year. Homes are spending a median of 69 days on the market, 0.0% shorter than a year ago.
There are 22,194 homes for sale — 4.1% more than last year. With 4.2 months of supply, this is a balanced market. 8,106 new listings were added during this period, up 7.6% year-over-year.
Homes are selling for 97.6% of their list price on average, suggesting room for negotiation. 15.9% of homes sell above their asking price. 23.6% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
73
Contributing Factors
How This Market Compares
vs. National Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 31% below the national median, which could indicate stronger cash flow potential.
Alabama Market Trends
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Detailed Market Metrics
Median List Price
$323K
Price per Sq Ft
$161
Sale-to-List Ratio
97.6%
Months of Supply
4.2
Sold Above List
15.9%
Price Drops
23.6%
New Listings
8,106
↑ 7.6% YoY
Pending Sales
7,273
Metro Areas in Alabama
Birmingham, AL metro area
$319K median
56 days
on market
Huntsville, AL metro area
$332K median
92 days
on market
Daphne, AL metro area
$380K median
78 days
on market
Mobile, AL metro area
$240K median
53 days
on market
Montgomery, AL metro area
$275K median
67 days
on market
Tuscaloosa, AL metro area
$278K median
50 days
on market
Auburn, AL metro area
$342K median
36 days
on market
Decatur, AL metro area
$253K median
68 days
on market
Florence, AL metro area
$246K median
52 days
on market
Dothan, AL metro area
$262K median
51 days
on market
Cullman, AL metro area
$285K median
73 days
on market
Anniston, AL metro area
$213K median
64 days
on market
Albertville, AL metro area
$253K median
60 days
on market
Gadsden, AL metro area
$219K median
70 days
on market
Enterprise, AL metro area
$244K median
97 days
on market
Talladega, AL metro area
$204K median
99 days
on market
Jasper, AL metro area
$215K median
50 days
on market
Fort Payne, AL metro area
$224K median
88 days
on market
Alexander City, AL metro area
$454K median
64 days
on market
Ozark, AL metro area
$170K median
67 days
on market
Scottsboro, AL metro area
$275K median
67 days
on market
Atmore, AL metro area
$188K median
86 days
on market
Eufaula, AL metro area
$390K median
328 days
on market
Selma, AL metro area
$168K median
68 days
on market
Troy, AL metro area
$175K median
79 days
on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.