Montgomery, AL
Housing market overview · Updated weekly
$174,700median sale price
Homes sold
138
Last 12 weeks
Days on market
87
Average pace
Active listings
889
6.4 months supply
Sale-to-list
95.4%
Below asking
The Montgomery housing market is currently classified as a buyer's market with a median sale price of $174,700. Prices have fallen 9.3% compared to last year, with homes spending an average of 87 days on market, indicating 6.4 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
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Frequently asked questions
What is the average home price in Montgomery?
The median home sale price in Montgomery is $174,700, down 9.3% from last year.
How long do homes stay on market in Montgomery?
Homes typically spend 87 days on market before going under contract.
Is Montgomery a buyer's or seller's market?
With 6.4 months of supply, Montgomery is currently a buyer's market.
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