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Featured local agent — Pike Road, AL
Sarah Mitchell
Compass Real Estate · Pike Road, AL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Pike Road, AL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$450,000median sale price
How is the Pike Road, AL housing market right now?
The median home sale price in Pike Road, AL is $450,000, down 6.3% year-over-year. Homes sell in an average of 99 days with 102 active listings. The market is currently a buyer'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 Pike Road a buyer's or seller's market?
Pike Road, AL is currently a buyer's market, based on 5.4 months of supply and homes selling in about 99 days. How we determine this →
Homes sold
19
Last 12 weeks
Days on market
99
Average pace
Active listings
102
5.4 months supply
Sale-to-list
98.1%
Below asking
What does the Pike Road housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $450,000 |
| Median list price | $494,900 |
| Year-over-year price change | -6.3% |
| Average days on market | 99 days |
| Active inventory | 102 listings |
| Months of supply | 5.4 months |
| Sale-to-list price ratio | 98.1% |
| Median price per sq ft | $188/sq ft |
| Homes sold (latest month) | 19 |
| New listings (latest month) | 25 |
| Listings with a price cut | 26.5% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Pike Road by property type?
How the Pike Road, 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 | $450,000 | $188/sq ft | 19 | 99 days |
| Condo / Co-op | $168,000 | $88/sq ft | 1 | 267 days |
| Townhouse | $200,000 | $99/sq ft | 1 | 37 days |
Source: Redfin · Updated monthly
The Pike Road housing market is currently classified as a buyer's market with a median sale price of $450,000. Prices have fallen 6.3% compared to last year, with homes spending an average of 99 days on market, indicating 5.4 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 3.3x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Pike Road
There are currently 102 homes listed for sale in Pike Road, Alabama. The median listing price is $495K.
Active listings
102
Homes on market
Median list price
$495K
Avg. days on market
99
Days until sale
New this week
25
Newly listed
Who lives in Pike Road?
Population
10,103
Median income
$121,687/yr
Median age
36.1 years
Owner-occupied
85.6%
College grads
59.0%
Avg commute
26.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Pike Road?
Zillow home value
$406,653
Zillow rent index
$1,965/mo
Price-to-rent ratio
17.2x
Price-to-income
3.3x
Source: Zillow Research
What is it like to live in Pike Road?
Pike Road is a community of approximately 10K residents with a median age of 36.1 years.The median household income is $121,687, which reflects a relatively affluent area with strong earning potential. 59.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 85.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 26.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Pike Road offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Pike Road?
4 schools tracked · 2,787 students
The largest public schools serving Pike Road, 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.
Pike Road Elementary School
Grades PK-3 · 955 students
Pike Road High School
Grades 9-12 · 798 students
Pike Road Intermediate School
Grades 4-6 · 605 students
Pike Road Jr High School
Grades 7-8 · 429 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 Pike Road, AL?
Want a head-to-head view? Compare Pike Road side-by-side with any other U.S. city using our market-comparison tool.
Is Pike Road a good real estate investment market?
For investors evaluating Pike Road, the price-to-rent ratio of 17.2x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 6.3% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Pike Road's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Pike Road's median home price.
Frequently asked questions
What is the average home price in Pike Road?
The median home sale price in Pike Road is $450,000, down 6.3% from last year.
How long do homes stay on market in Pike Road?
Homes typically spend 99 days on market before going under contract.
What is the median income in Pike Road?
The median household income is $121,687 per year.
Is Pike Road a buyer's or seller's market?
With 5.4 months of supply, Pike Road is currently a buyer's market.
What is the Zillow home value estimate for Pike Road?
The Zillow Home Value Index (ZHVI) for Pike Road is $406,653, representing the typical home value in the area.
What is the median condo price in Pike Road?
The median condo/co-op sale price in Pike Road, AL is $168,000, compared to $450,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Pike Road?
The median single-family home price in Pike Road, AL is $450,000 (about $188 per square foot).
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