Montgomery, AL metro area Housing Market
Cold MarketComprehensive housing market data for the Montgomery, AL metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$275K
↑ 10.1% YoY
Days on Market
67 days
↓ 6.9% YoY
Active Inventory
1,679
↑ 3.5% YoY
Homes Sold
364
↓ 9.2% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Montgomery, AL metro area Market Summary
The Montgomery, AL metro area housing market is cooling down. As of March 2026, the median home sale price is $275K, up 10.1% year-over-year. Homes are spending a median of 67 days on the market, 6.9% shorter than a year ago.
There are 1,679 homes for sale — 3.5% more than last year. With 4.6 months of supply, this is a balanced market. 617 new listings were added during this period, up 0.3% 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. 19.6% 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
vs. Alabama Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. Prices are 37% below the national median, which could indicate stronger cash flow potential.
Montgomery, AL metro area Market Trends
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Detailed Market Metrics
Median List Price
$285K
Price per Sq Ft
$147
Sale-to-List Ratio
97.6%
Months of Supply
4.6
Sold Above List
15.9%
Price Drops
19.6%
New Listings
617
↑ 0.3% YoY
Pending Sales
547
Off Market in 2 Weeks
36.2%
Other Markets in Alabama
Birmingham, AL metro area
$319K · 56d on market
Huntsville, AL metro area
$332K · 92d on market
Daphne, AL metro area
$380K · 78d on market
Mobile, AL metro area
$240K · 53d on market
Tuscaloosa, AL metro area
$278K · 50d on market
Auburn, AL metro area
$342K · 36d on market
Decatur, AL metro area
$253K · 68d on market
Florence, AL metro area
$246K · 52d 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.