Alabama Home Values & Market Trends
There have been 60,402 properties sold in the Alabama real estate market trends. Median home values in the Alabama housing market are $226,850. The median residential home value for transactions over the last 12 months is 203,252.602. The State of Alabama currently has 1,830 properties in foreclosure, 672 bank owned properties, and 1,158 headed for auction.
Alabama Real Estate Market Overview
| County | Median Est. Value | County | Median Est. Value |
|---|---|---|---|
| Jefferson | $ 239,257 $ 156/sqft | Cullman | $ 279,005 $ 153/sqft |
| Baldwin | $ 458,956 $ 263/sqft | Talladega | $ 212,463 $ 125/sqft |
| Mobile | $ 235,961 $ 117/sqft | Tuscaloosa | $ 295,239 $ 148/sqft |
| Shelby | $ 360,712 $ 173/sqft | Russell | $ 238,957 $ 107/sqft |
| Houston | $ 198,180 $ 102/sqft | Lauderdale | $ 247,401 $ 122/sqft |
| Madison | $ 350,717 $ 161/sqft | Walker | $ 204,691 $ 107/sqft |
| Calhoun | $ 196,105 $ 98/sqft | Etowah | $ 207,801 $ 106/sqft |
| Lee | $ 354,751 $ 160/sqft | Limestone | $ 365,828 $ 162/sqft |
| Montgomery | $ 192,925 $ 95/sqft | Coffee | $ 246,866 $ 115/sqft |
| St. Clair | $ 297,057 $ 170/sqft | Colbert | $ 233,629 $ 107/sqft |
Housing Market Summary for Alabama
| Aug 2022 | August 2023 | Change | |
|---|---|---|---|
| Median Listing Price | $257.3K | $225.3K | -12.43% |
| Median Sold Price | $220.7K | $225.3K | 2.09% |
| Homes For Sale | 6,013 | 6,571 | 9.28% |
| Homes Sold | 40,576 | 32,643 | -19.55% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Alabama
Browse Homes in Alabama
There are currently 6,097 properties for sale in Alabama. The current home value ranges in price from 1 to 7,995,000. The total count of properties in the state is 1,786,752, and the percentage of properties for sale is 76.91%.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Alabama with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single county. There are 66 counties within Alabama; of those counties, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Alabama ranges from the highest value of $1,562,854 in Jefferson to the lowest value of $22,820 in Jefferson. Bank owned homes and properties account for 0.04% of properties in Alabama. There are 66 counties within Alabama; Jefferson containing 210 REO properties, has the highest number of bank owned properties in a single county.
- AuctionsJefferson has 174 auction properties, the highest number of properties going to auction in a single county in the state of Alabama. Auction homes and other auction properties account for 0.06% of all properties in Alabama. There are 66 counties within Alabama; of those counties, the median estimated home value for homes going to auction ranges from $2,365,020 in Baldwin to the lowest value of $25,351 in Baldwin.
