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Featured local agent — Lipscomb, AL
Sarah Mitchell
Compass Real Estate · Lipscomb, AL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lipscomb, AL Housing Market
The typical home in Lipscomb, AL is worth $66,440, rose 12.7% over the past year (Zillow Home Value Index, July 2026). The last median sale price Redfin published was $125,000, +14.2% year over year (through May 2026). With 4.0 months of supply and homes going under contract in about 26 days, Lipscomb is a balanced market. At today's 6.66% 30-year fixed rate, 20% down on a $66,440 home is about $342/mo in principal and interest.
Key numbers for Lipscomb, AL
Typical home value
$66,440
+12.7% in 12 months
Zillow, July 2026
Median sale price
$125,000
+14.2% year over year
Redfin, through May 2026
Days on market
26
Average pace
Redfin, through May 2026
Active listings
4
4.0 months of supply
Redfin, through May 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$45,792
Home costs 1.5x income
U.S. Census ACS, 2023
Sale-to-list ratio
96.2%
Selling below asking
Redfin, through May 2026
Zillow figures are as of July 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Lipscomb a buyer's or seller's market?
Lipscomb, AL is a balanced market, based on 4.0 months of supply and homes selling in about 26 days. 4 to 5 months of supply is the neutral band: neither side holds a structural advantage, and outcomes turn on the individual property.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Lipscomb housing market data show?
Every row below is Redfin's final published month for Lipscomb, AL. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $125,000 |
| Median list price | $100,000 |
| Year-over-year price change | +14.2% |
| Median price per sq ft | $84/sq ft |
| Median days on market | 26 days |
| Active inventory | 4 listings |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 96.2% |
| Homes sold (that month) | 1 |
| New listings (that month) | 4 |
| Listings with a price cut | 75.0% |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Lipscomb is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Lipscomb is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Lipscomb home prices moved?
Over the last three years the median sale price in Lipscomb, AL rose 35.3%, from $92,400 to $125,000. The live Zillow value series has rose 12.7% in the last 12 months, which is the more current read now that Redfin's series has stopped. 75.0% of Lipscomb listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 4.0 months while the sale-to-list ratio slips below its current 96.2%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Lipscomb?
Priced off the typical home value of $66,440 at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $13,288 | $53,152 | $342/mo |
| 5% | $3,322 | $63,118 | $406/mo |
Zillow, July 2026 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $342, that implies roughly $14,639 a year before you add taxes and insurance. The median household in Lipscomb earns $45,792, about $31,153 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 1.5x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Lipscomb in the next 12 months?
Tell us your timeline. We send the Lipscomb market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Lipscomb?
Zillow does not publish a rent index (ZORI) for Lipscomb, AL, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Lipscomb?
Active listings in Lipscomb, AL went from 4 in June 2024 to 4 in May 2026, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| August 2024 | 4 | 2 |
| September 2024 | 3 | not published |
| October 2024 | 3 | 1 |
| November 2024 | 3 | not published |
| December 2024 | 5 | 3 |
| April 2025 | 9 | 4 |
| May 2025 | 6 | not published |
| June 2025 | 5 | 2 |
| October 2025 | 6 | 3 |
| December 2025 | 5 | not published |
| April 2026 | 3 | 1 |
| May 2026 | 4 | 4 |
Redfin, through May 2026
How does Lipscomb compare to Alabama and the U.S.?
Lipscomb homes sell for $125,000 — 60% below the Alabama median of $312,600. Against the national median of $410,700, Lipscomb runs 70% lower. Year-over-year, Lipscomb moved +14.2% against Alabama's +7.2% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Lipscomb, AL | $125,000 | +14.2% | 26 days |
| Alabama statewide | $312,600 | +7.2% | 57 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Lipscomb
What buyers should watch
- Months of supply, currently 4.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 75.0%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $64 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $66,440 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Lipscomb listing goes under contract in 26 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 96.2% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Lipscomb added 4 new listings against 1 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +12.7% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Lipscomb varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Lipscomb
There are currently 4 homes listed for sale in Lipscomb, Alabama. The median listing price is $100K.
Active listings
4
Homes on market
Median list price
$100K
Avg. days on market
26
Days until sale
New this week
4
Newly listed
How much do homes cost in Lipscomb by property type?
How the Lipscomb, AL market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $125,000 | $84/sq ft | 1 | 26 days |
Who lives in Lipscomb?
American Community Survey estimates for Lipscomb. U.S. Census ACS, 2023
Population
2,407
Households
809
Median income
$45,792/yr
Median age
33 years
Owner-occupied
68.6%
Median home value
$93,900
Median gross rent
$841/mo
Mean commute
24 min
68.6% of occupied homes in Lipscomb are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $93,900 against Zillow's $66,440 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Lipscomb?
1 schools tracked · 236 students
The largest public schools serving Lipscomb, 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.
Lipscomb Elementary School
Grades K-5 · 236 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 Lipscomb, AL?
Ordered by distance from Lipscomb, not by size. Compare Lipscomb side by side with any of them.
Lipscomb housing market FAQ
Is Lipscomb a buyer's or seller's market?
Lipscomb, AL is currently a balanced market. That read comes from 4.0 months of supply, homes going under contract in about 26 days, and sellers getting 96.2% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Lipscomb?
The typical home in Lipscomb, AL is worth $66,440 (Zillow Home Value Index, July 2026). The median sale price in the last month Redfin published was $125,000, about $84 per square foot.
Is Lipscomb cheaper than the rest of Alabama?
Lipscomb's median sale price of $125,000 is 60% lower than the Alabama statewide median of $312,600, and 70% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Lipscomb?
Homes in Lipscomb, AL spent a median of 26 days on market before going under contract, versus 57 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Lipscomb?
At the current 30-year fixed rate of 6.66%, 20% down on a $66,440 home is about $342 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $14,639 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $45,792.
Are home prices rising in Lipscomb?
The typical home value in Lipscomb, AL rose 12.7% over the last 12 months, from $58,977 to $66,440 (Zillow, July 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Lipscomb?
Lipscomb ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Lipscomb?
That depends on your timeline, not on a headline. What the data says today: Lipscomb, AL is a balanced market with 4.0 months of supply, the 30-year fixed rate is 6.66%. Properties Incorporated publishes the data; it does not give financial advice.
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