Alabama
Local Housing Market · Zillow ZHVI · September 2026
$238,614
Typical Home Value
▲ 1.9% YoY ▼ 0.01% MoM
7.40%
30Y Mortgage Rate
PMMS · Oct 15, 2026
121bps
YoY Rate Change
▲ Higher than 1yr ago
230bps
30Y/10Y Spread
Norm ~170bps
🏘 Alabama Home Values
Zillow Home Value Index (ZHVI)
ZillowTypical Home Value
$238,614
▲ 1.9% YoY
Month-over-Month
▼ 0.01% MoM
September 2026
Data Period
September 2026
Updated monthly
Zillow ZHVI · State-level · Smoothed, seasonally adjusted · Updated monthly
📊 National Mortgage Rates
Current Mortgage Rates
Freddie Mac PMMS30Y Fixed
7.40%
PMMS · Oct 15, 2026
15Y Fixed
6.71%
PMMS · Oct 15, 2026
1yr Ago 30Y
6.19%
▲ Rates higher now
30Y/10Y Spread
230bps
Normal · norm ~170bps
Freddie Mac PMMS via FRED · National rates · State-specific rates may vary slightly
📋 Realtor.com Market Data · Alabama
Market Indicators
REALTOR.COM🏦 LO Market Signal · September 2026
• Inventory is up 8.5% YoY and listing prices are softening 1.5% YoY with 19.1% of listings carrying a price cut. Appraisal risk is lower, but watch for value gaps on pending deals.
• Homes are selling in a median 71 days — a slower market. Pending ratio is 0.35 — moderate demand, purchase timelines are manageable.
• New listings are declining 3.2% YoY. Fewer new listings may constrain purchase pipeline — focus on pre-approvals to capture demand early.
Median Listing Price
$325,000
▼ 1.5% YoY
Median Days on Market
71d
0d YoY
Active Listings
22,525
▲ 8.5% YoY
New Listings
6,502
▼ 3.2% YoY
Price Reduced Share
19.1%
of active listings
Pending Ratio
0.35
pending ÷ active
Realtor.com Research · State-level inventory data · Updated monthly
Hottest Markets in Alabama
REALTOR.COMTop metros by national hotness rank (supply + demand composite) · September 2026
Dothan
▼ COOLING
National rank #180
Median Price
$279,900
Median DOM
60d
Demand score 42/100
Birmingham
▼ COOLING
National rank #182
Median Price
$299,850
Median DOM
59d
Demand score 39/100
Mobile
▼ COOLING
National rank #215
Median Price
$266,450
Median DOM
63d
Demand score 28/100
Realtor.com Hotness Index · Metro-level · Higher demand score = more buyer activity relative to supply