What is the typical home value in Montgomery - AL?

The typical home in Montgomery - AL, AL is worth $214,099 as of the most recent Zillow Home Value Index reading. Year over year the value has changed by +3.7%.

How long do homes stay on the market in Montgomery - AL?

The median days to pending (time on market before a sale) in Montgomery - AL is currently 22 days. Shorter days on market indicate a seller's market; longer days indicate more buyer leverage.

Are sellers cutting prices in Montgomery - AL?

22.4% of active listings in Montgomery - AL have had a price reduction. This is a signal of softening seller expectations relative to buyer demand.

Is Montgomery - AL a buyer's or seller's market?

Based on days-on-market, price-cut share, and year-over-year appreciation, Montgomery - AL is currently a balanced market. Buyers should watch days-on-market and price-cut trends monthly.

Montgomery - AL Housing Market | Home Values & Trends

How to read this data

The typical home value ($214,099) is the Zillow Home Value Index for the Montgomery - AL metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 3.7% over the past year. In Montgomery - AL, that means a home worth $206,460 last year is now worth roughly $214,099.

The median sale price , what homes actually close for , is $215,139. Homes are selling at 96.7% of list price, meaning buyers have room to negotiate.

Homes listed in Montgomery - AL sit on the market for roughly 22 days before going pending. Shorter = seller's market; longer = buyer's market.

About 22.4% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 498 new listings hit the market each month in Montgomery - AL. There are currently 1,706 homes for sale, up 10.4% from a year ago.

The typical monthly rent in Montgomery - AL is $1,402, up 3.8% year over year. For investors, the price-to-rent ratio here is roughly 13x annual rent.