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Featured local agent — Homewood, AL
Sarah Mitchell
Compass Real Estate · Homewood, AL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Homewood, AL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$680,000median sale price
How is the Homewood, AL housing market right now?
The median home sale price in Homewood, AL is $680,000, up 54.5% year-over-year. Homes sell in an average of 33 days with 64 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Homewood a buyer's or seller's market?
Homewood, AL is currently a seller's market, based on 1.9 months of supply and homes selling in about 33 days. How we determine this →
Homes sold
34
Last 12 weeks
Days on market
33
Average pace
Active listings
64
1.9 months supply
Sale-to-list
99.6%
Below asking
What does the Homewood housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $680,000 |
| Median list price | $507,000 |
| Year-over-year price change | +54.5% |
| Average days on market | 33 days |
| Active inventory | 64 listings |
| Months of supply | 1.9 months |
| Sale-to-list price ratio | 99.6% |
| Median price per sq ft | $352/sq ft |
| Homes sold (latest month) | 34 |
| New listings (latest month) | 42 |
| Listings with a price cut | 25.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Homewood by property type?
How the Homewood, AL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $680,000 | $352/sq ft | 32 | 30 days |
| Condo / Co-op | $359,000 | $322/sq ft | 1 | 37 days |
| Townhouse | $799,000 | $399/sq ft | 1 | 84 days |
Source: Redfin · Updated monthly
The Homewood housing market is currently classified as a seller's market with a median sale price of $680,000. Prices have risen 54.5% compared to last year, with homes spending an average of 33 days on market, indicating 1.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.3x provides context for how home values compare to local earning capacity.
Homes for sale in Homewood
There are currently 64 homes listed for sale in Homewood, Alabama. The median listing price is $507K.
Active listings
64
Homes on market
Median list price
$507K
Avg. days on market
33
Days until sale
New this week
42
Newly listed
Who lives in Homewood?
Population
27,697
Median income
$108,386/yr
Median age
29.4 years
Owner-occupied
64.4%
College grads
69.9%
Avg commute
17.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Homewood?
Zillow home value
$578,963
Zillow rent index
$1,641/mo
Price-to-rent ratio
29.4x
Price-to-income
5.3x
Source: Zillow Research
What is it like to live in Homewood?
Homewood is a community of approximately 28K residents with a median age of 29.4 years.The median household income is $108,386, which reflects a relatively affluent area with strong earning potential. 69.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 64.4%, showing a blend of owner and renter-occupied properties. The average commute time is 17.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Homewood offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Homewood?
5 schools tracked · 4,464 students
The largest public schools serving Homewood, AL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Homewood High School
Grades 9-12 · 1,308 students
Homewood Middle School
Grades 6-8 · 974 students
Edgewood Elementary School
Grades K-5 · 921 students
Hall Kent Elementary School
Grades PK-5 · 751 students
Shades Cahaba Elementary School
Grades K-5 · 510 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Homewood, AL?
Want a head-to-head view? Compare Homewood side-by-side with any other U.S. city using our market-comparison tool.
Is Homewood a good real estate investment market?
For investors evaluating Homewood, the price-to-rent ratio of 29.4x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 54.5% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Homewood's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Homewood's median home price.
Frequently asked questions
What is the average home price in Homewood?
The median home sale price in Homewood is $680,000, up 54.5% from last year.
How long do homes stay on market in Homewood?
Homes typically spend 33 days on market before going under contract.
What is the median income in Homewood?
The median household income is $108,386 per year.
Is Homewood a buyer's or seller's market?
With 1.9 months of supply, Homewood is currently a seller's market.
What is the Zillow home value estimate for Homewood?
The Zillow Home Value Index (ZHVI) for Homewood is $578,963, representing the typical home value in the area.
What is the median condo price in Homewood?
The median condo/co-op sale price in Homewood, AL is $359,000, compared to $680,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Homewood?
The median single-family home price in Homewood, AL is $680,000 (about $352 per square foot).
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