Alabama
Local Housing Market · Zillow ZHVI · July 2026
$241,009
Typical Home Value
▲ 1.6% YoY ▲ 0.03% MoM
6.65%
30Y Mortgage Rate
PMMS · Aug 20, 2026
9bps
YoY Rate Change
▲ Higher than 1yr ago
195bps
30Y/10Y Spread
Norm ~170bps
🏘 Alabama Home Values
Zillow Home Value Index (ZHVI)
ZillowTypical Home Value
$241,009
▲ 1.6% YoY
Month-over-Month
▲ 0.03% MoM
July 2026
Data Period
July 2026
Updated monthly
Zillow ZHVI · State-level · Smoothed, seasonally adjusted · Updated monthly
📊 National Mortgage Rates
Current Mortgage Rates
Freddie Mac PMMS30Y Fixed
6.65%
PMMS · Aug 20, 2026
15Y Fixed
5.95%
PMMS · Aug 20, 2026
1yr Ago 30Y
6.56%
▲ Rates higher now
30Y/10Y Spread
195bps
Tight · 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 · July 2026
• Inventory is up 6.3% YoY and listing prices are flat 0.2% YoY with 19.2% of listings carrying a price cut. Pricing is stable — comps should be reliable.
• Homes are selling in a median 67 days — a slower market. Pending ratio is 0.39 — moderate demand, purchase timelines are manageable.
• New listings are increasing 5.2% YoY. More sellers entering the market supports purchase loan volume.
Median Listing Price
$338,900
▼ 0.2% YoY
Median Days on Market
67d
0d YoY
Active Listings
22,006
▲ 6.3% YoY
New Listings
7,452
▲ 5.2% YoY
Price Reduced Share
19.2%
of active listings
Pending Ratio
0.39
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) · July 2026
Birmingham
▼ COOLING
National rank #169
Median Price
$299,900
Median DOM
57d
Demand score 45/100
Dothan
▼ COOLING
National rank #184
Median Price
$285,600
Median DOM
60d
Demand score 45/100
Florence-Muscle Shoals
▼ COOLING
National rank #224
Median Price
$311,875
Median DOM
63d
Demand score 28/100
Realtor.com Hotness Index · Metro-level · Higher demand score = more buyer activity relative to supply