Alabama
Local Housing Market · Zillow ZHVI · May 2026
$239,515
Typical Home Value
▲ 1.4% YoY ▲ 0.07% MoM
6.49%
30Y Mortgage Rate
PMMS · Jul 09, 2026
26bps
YoY Rate Change
▼ Lower than 1yr ago
195bps
30Y/10Y Spread
Norm ~170bps
🏘 Alabama Home Values
Zillow Home Value Index (ZHVI)
ZillowTypical Home Value
$239,515
▲ 1.4% YoY
Month-over-Month
▲ 0.07% MoM
May 2026
Data Period
May 2026
Updated monthly
Zillow ZHVI · State-level · Smoothed, seasonally adjusted · Updated monthly
📊 National Mortgage Rates
Current Mortgage Rates
Freddie Mac PMMS30Y Fixed
6.49%
PMMS · Jul 09, 2026
15Y Fixed
5.82%
PMMS · Jul 09, 2026
1yr Ago 30Y
6.75%
▼ Rates lower 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 · June 2026
• Inventory is up 6.8% YoY and listing prices are flat 0.0% YoY with 18.8% of listings carrying a price cut. Pricing is stable — comps should be reliable.
• Homes are selling in a median 65 days — a slower market. Pending ratio is 0.42 — moderate demand, purchase timelines are manageable.
• New listings are declining 2.5% YoY. Fewer new listings may constrain purchase pipeline — focus on pre-approvals to capture demand early.
Median Listing Price
$339,950
0.0% YoY
Median Days on Market
65d
0d YoY
Active Listings
21,681
▲ 6.8% YoY
New Listings
7,464
▼ 2.5% YoY
Price Reduced Share
18.8%
of active listings
Pending Ratio
0.42
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) · June 2026
Birmingham
▼ COOLING
National rank #191
Median Price
$299,900
Median DOM
54d
Demand score 45/100
Dothan
▼ COOLING
National rank #209
Median Price
$289,900
Median DOM
54d
Demand score 37/100
Florence-Muscle Shoals
▼ COOLING
National rank #232
Median Price
$309,450
Median DOM
59d
Demand score 28/100
Realtor.com Hotness Index · Metro-level · Higher demand score = more buyer activity relative to supply