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Featured local agent — Waldo, AL
Sarah Mitchell
Compass Real Estate · Waldo, AL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Waldo, AL Housing Market
The last median sale price Redfin published was $1.38M (through May 2026). With 1.0 months of supply and homes going under contract in about 528 days, Waldo is a balanced market. At today's 6.66% 30-year fixed rate, 20% down on a $1.38M home is about $7,069/mo in principal and interest.
Key numbers for Waldo, AL
Median sale price
$1.38M
Last published period
Redfin, through May 2025
Days on market
528
Slow-moving
Redfin, through May 2025
Active listings
1
1.0 months of supply
Redfin, through May 2025
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$33,125
Home costs 41.5x income
U.S. Census ACS, 2023
Sale-to-list ratio
91.7%
Selling below asking
Redfin, through May 2025
Zillow figures 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 Waldo a buyer's or seller's market?
Waldo, AL is a balanced market, based on 1.0 months of supply and homes selling in about 528 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Waldo housing market data show?
Every row below is Redfin's final published month for Waldo, AL. Redfin, through May 2025
| Metric | Value |
|---|---|
| Median sale price | $1.38M |
| Median list price | $300,000 |
| Median price per sq ft | $213/sq ft |
| Median days on market | 528 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 91.7% |
| Homes sold (that month) | 1 |
| New listings (that month) | 1 |
| 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 Waldo is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Waldo 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 Waldo home prices moved?
We hold fewer than three months of sale history for Waldo, AL, which is not enough to draw a trend line without misleading you. The Zillow value figures above are the current read for this city.
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What does it cost to buy a home in Waldo?
Priced off the median sale price of $1.38M 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% | $275,000 | $1.10M | $7,069/mo |
| 5% | $68,750 | $1.31M | $8,394/mo |
Redfin, through May 2025 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 $7,069, that implies roughly $302,953 a year before you add taxes and insurance. The median household in Waldo earns $33,125, about $269,828 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the median sale price to fit the 28% rule. That puts the price-to-income ratio at 41.5x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Waldo in the next 12 months?
Tell us your timeline. We send the Waldo 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 Waldo?
Zillow does not publish a rent index (ZORI) for Waldo, 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 Waldo?
We hold fewer than two months of inventory readings for Waldo, AL, so there is no trend to report yet. The most recent count we have is 1 active listings (Redfin, through May 2026).
How does Waldo compare to Alabama and the U.S.?
Waldo homes sell for $1.38M — 340% above the Alabama median of $312,600. Against the national median of $410,700, Waldo runs 235% higher.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Waldo, AL | $1.38M | not published | 528 days |
| Alabama statewide | $312,600 | +7.2% | 57 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2025 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Waldo
What buyers should watch
- Months of supply, currently 1.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $1,325 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 $1.38M 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 Waldo listing goes under contract in 528 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 91.7% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Waldo added 1 new listings against 1 sales — more clearing than arriving, which is the better window to list.
- Comparable ZIP-level pricing inside Waldo varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Waldo
There are currently 1 homes listed for sale in Waldo, Alabama. The median listing price is $300K.
Active listings
1
Homes on market
Median list price
$300K
Avg. days on market
528
Days until sale
New this week
1
Newly listed
How much do homes cost in Waldo by property type?
How the Waldo, AL market breaks down across single-family homes, condos and townhouses. Redfin, through May 2025
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.38M | $213/sq ft | 1 | 528 days |
Who lives in Waldo?
American Community Survey estimates for Waldo. U.S. Census ACS, 2023
Population
282
Households
145
Median income
$33,125/yr
Median age
59.9 years
Owner-occupied
68.3%
Median home value
$59,700
Median gross rent
$1,256/mo
Mean commute
55.6 min
68.3% of occupied homes in Waldo 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.
Which cities are near Waldo, AL?
Ordered by distance from Waldo, not by size. Compare Waldo side by side with any of them.
Waldo housing market FAQ
Is Waldo a buyer's or seller's market?
Waldo, AL is currently a balanced market. That read comes from 1.0 months of supply, homes going under contract in about 528 days, and sellers getting 91.7% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Waldo?
The median sale price in the last month Redfin published was $1.38M, about $213 per square foot.
Is Waldo cheaper than the rest of Alabama?
Waldo's median sale price of $1.38M is 340% higher than the Alabama statewide median of $312,600, and 235% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Waldo?
Homes in Waldo, AL spent a median of 528 days on market before going under contract, versus 57 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Waldo?
At the current 30-year fixed rate of 6.66%, 20% down on a $1.38M home is about $7,069 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $302,953 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $33,125.
Are home prices rising in Waldo?
We do not hold a complete 12-month value series for Waldo, AL yet, so we are not going to call a direction. The price chart above shows every period we do have.
What are the cheapest ZIP codes in Waldo?
Waldo 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 Waldo?
That depends on your timeline, not on a headline. What the data says today: Waldo, AL is a balanced market with 1.0 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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