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Featured local agent — Steele, AL
Sarah Mitchell
Compass Real Estate · Steele, AL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Steele, AL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$135,000median sale price
How is the Steele, AL housing market right now?
The median home sale price in Steele, AL is $135,000, up 6.7% year-over-year. Homes sell in an average of 35 days with 2 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 Steele a buyer's or seller's market?
Steele, AL is currently a seller's market, based on 2.0 months of supply and homes selling in about 35 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
35
Average pace
Active listings
2
2.0 months supply
Sale-to-list
98.2%
Below asking
What does the Steele housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $135,000 |
| Median list price | $207,500 |
| Year-over-year price change | +6.7% |
| Average days on market | 35 days |
| Active inventory | 2 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 98.2% |
| Median price per sq ft | $134/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 1 |
| Listings with a price cut | 50.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Steele by property type?
How the Steele, 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 | $135,000 | $134/sq ft | 1 | 35 days |
Source: Redfin · Updated monthly
The Steele housing market is currently classified as a seller's market with a median sale price of $135,000. Prices have risen 6.7% compared to last year, with homes spending an average of 35 days on market, indicating 2.0 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 2.9x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Steele
There are currently 2 homes listed for sale in Steele, Alabama. The median listing price is $208K.
Active listings
2
Homes on market
Median list price
$208K
Avg. days on market
35
Days until sale
New this week
1
Newly listed
Who lives in Steele?
Population
1,293
Median income
$70,000/yr
Median age
40 years
Owner-occupied
89.4%
College grads
8.7%
Avg commute
32.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Steele?
Zillow home value
$205,044
Price-to-income
2.9x
Source: Zillow Research
What is it like to live in Steele?
Steele is a community of approximately 1K residents with a median age of 40 years.The median household income is $70,000, which represents a working-class community with solid middle-income opportunities. 8.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 89.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 32.4 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Steele offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Steele?
1 schools tracked · 154 students
The largest public schools serving Steele, 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.
Steele Elementary School
Grades PK-6 · 154 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 Steele, AL?
Want a head-to-head view? Compare Steele side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Steele?
The median home sale price in Steele is $135,000, up 6.7% from last year.
How long do homes stay on market in Steele?
Homes typically spend 35 days on market before going under contract.
What is the median income in Steele?
The median household income is $70,000 per year.
Is Steele a buyer's or seller's market?
With 2.0 months of supply, Steele is currently a seller's market.
What is the Zillow home value estimate for Steele?
The Zillow Home Value Index (ZHVI) for Steele is $205,044, representing the typical home value in the area.
How much does a single-family home cost in Steele?
The median single-family home price in Steele, AL is $135,000 (about $134 per square foot).
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