Alabama
Local Housing Market · Zillow ZHVI · March 2026
$236,453
Typical Home Value
▲ 0.8% YoY ▲ 0.37% MoM
6.37%
30Y Mortgage Rate
PMMS · May 07, 2026
44bps
YoY Rate Change
▼ Lower than 1yr ago
199bps
30Y/10Y Spread
Norm ~170bps
🏘 Alabama Home Values
Zillow Home Value Index (ZHVI)
ZillowTypical Home Value
$236,453
▲ 0.8% YoY
Month-over-Month
▲ 0.37% MoM
March 2026
Data Period
March 2026
Updated monthly
Zillow ZHVI · State-level · Smoothed, seasonally adjusted · Updated monthly
📊 National Mortgage Rates
Current Mortgage Rates
Freddie Mac PMMS30Y Fixed
6.37%
PMMS · May 07, 2026
15Y Fixed
5.72%
PMMS · May 07, 2026
1yr Ago 30Y
6.81%
▼ Rates lower now
30Y/10Y Spread
199bps
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 · April 2026
• Inventory is up 9.3% YoY and listing prices are rising 1.0% YoY with 17.2% of listings carrying a price cut. Rising prices support valuations, but verify comps carefully in fast-moving segments.
• Homes are selling in a median 59 days — a slower market. Pending ratio is 0.44 — moderate demand, purchase timelines are manageable.
• New listings are increasing 4.1% YoY. More sellers entering the market supports purchase loan volume.
Median Listing Price
$339,450
▲ 1.0% YoY
Median Days on Market
59d
0d YoY
Active Listings
20,928
▲ 9.3% YoY
New Listings
8,240
▲ 4.1% YoY
Price Reduced Share
17.2%
of active listings
Pending Ratio
0.44
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) · April 2026
Birmingham
▼ COOLING
National rank #181
Median Price
$299,650
Median DOM
52d
Demand score 44/100
Montgomery
▼ COOLING
National rank #211
Median Price
$293,000
Median DOM
52d
Demand score 31/100
Auburn-Opelika
▼ COOLING
National rank #226
Median Price
$410,000
Median DOM
47d
Demand score 5/100
Realtor.com Hotness Index · Metro-level · Higher demand score = more buyer activity relative to supply