Montgomery, AL Home Values & Market Trends

Real estate market trends reflect that there have been 3,681 transactions over the past year in Montgomery. The median value for residential home transactions that occurred over the previous year is $143,848.28. The number of current listings in Montgomery is 206, and the percentage of properties for sale in the city is 206.00%. Montgomery, AL currently has 96 properties in foreclosure, 39 bank owned properties, 57 properties headed for auction, and 206 properties for sale.

Montgomery, AL Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
36117

$ 275,000

$ 142/sqft

36107

$ 94,780

$ 86/sqft

36109

$ 169,187

$ 97/sqft

36104

$ 124,920

$ 70/sqft

36116

$ 149,000

$ 101/sqft

36114

$ --

$ --

36110

$ 44,585

$ 40/sqft

36131

$ --

$ --

36106

$ 228,000

$ 91/sqft

36130

$ --

$ --

36108

$ 73,212

$ 55/sqft

36112

$ --

$ --

36111

$ 150,000

$ 82/sqft

36113

$ --

$ --

36105

$ 99,773

$ 55/sqft

36115

$ --

$ --

Housing Market Summary for Montgomery, AL

Jun 2023May 2024Change
Median Listing Price$181K$188.5K4.14%
Median Sold Price$140.1K$151.3K8.01%
Homes For Sale2032050.99%
Homes Sold1,5911,86917.47%
Price
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Homes For Sale
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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%.

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Browse Homes in Montgomery, AL

Montgomery home values range from $10,020 to $8,866,569. The median estimated value of a home in Montgomery is $143,848.28. The median list price of a home is 179,250, and the total count of properties in the city is 70,708.

Foreclosure
There are 16 zips within Montgomery, AL; within these zips, the median estimated home value for homes in foreclosure ranges from $269,812 in 36110 to the lowest value of $25,060 in 36110. Foreclosure homes account for 0.00% of properties in Montgomery, AL with 36109 containing 19 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Montgomery, AL with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 16 zips within Montgomery, AL; of those zips, 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 Owned
    The median estimated home value of bank owned homes (REO properties) in Montgomery, AL ranges from the highest value of $41,168 in 36104 to the lowest value of $25,060 in 36110. Bank owned homes and properties account for 0.06% of properties in Montgomery, AL. There are 16 zips within Montgomery, AL; 36110 containing 7 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    36109 has 13 auction properties, the highest number of properties going to auction in a single zip in the state of Montgomery, AL. Auction homes and other auction properties account for 0.08% of all properties in Montgomery, AL. There are 16 zips within Montgomery, AL; of those zips, the median estimated home value for homes going to auction ranges from $192,754 in 36106 to the lowest value of $38,680 in 36106.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.29% of residential properties in Montgomery, AL with 36117 containing 59 homes for sale, the highest number of listed properties in a single zip. There are 16 zips within Montgomery, AL; homes for sale in those zips, have a range of median values from $1,465,255 in 36117 to the lowest value of $15,497 in 36110.
    Sold Homes
    The median value for recently sold homes ranges from $1,056,725 in 36117 to the lowest price of $17,214 in 36117. There are 16 zips within Montgomery, AL. 36117 has 390 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.66% of properties in Montgomery, AL.

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      Guide for Montgomery, AL

      Kentucky
      Mobile’s Real Estate Market Shows Promising Growth Despite Sales Dip in March 2024
      Kentucky
      Birmingham, Alabama – Real Estate Market Snapshot March 2024
      Home Buying Tools
      Federal Eviction Ban Overturned. Here’s Why
      Investing Strategies
      How To Buy A Foreclosed Commercial Property
      See More Articles
      Mobile’s Real Estate Market Shows Promising Growth Despite Sales Dip in March 2024
      Kentucky|posted 17 April 2024

      Report of recent trends in Mobile, Alabama’s real estate market, highlighting rising property values, fluctuating sales volumes, and the variations in value and sales figures across neighboring areas as of March 2024.

      Birmingham, Alabama – Real Estate Market Snapshot March 2024
      Kentucky|posted 20 March 2024

      Birmingham, Alabama’s real estate market is showing a positive growth trend, with increasing average property values from March 2023 to February 2024.

      Federal Eviction Ban Overturned. Here’s Why
      Home Buying Tools|posted 5 June 2021

      Last month we asked if it was possible that eviction moratoriums from the federal government were illegal. “If you’re a real estate investor with rental properties you depend on monthly rental payments to cover the mortgage, taxes, repairs, and other costs. But what happens if the government says, nope, you can’t evict tenants who don’t […]

      How To Buy A Foreclosed Commercial Property
      Investing Strategies|posted 14 June 2024

      How to get your hands on a commercial property in foreclosure.