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Featured local agent — Walnut Grove, AL
Sarah Mitchell
Compass Real Estate · Walnut Grove, AL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Walnut Grove, AL Housing Market
The last median sale price Redfin published was $125,000 (through May 2026). With 1.0 months of supply and homes going under contract in about 215 days, Walnut Grove is a balanced market. At today's 6.66% 30-year fixed rate, 20% down on a $125,000 home is about $643/mo in principal and interest.
Key numbers for Walnut Grove, AL
Median sale price
$125,000
Last published period
Redfin, through January 2026
Days on market
215
Slow-moving
Redfin, through January 2026
Active listings
1
1.0 months of supply
Redfin, through January 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$41,223
Home costs 3.0x income
U.S. Census ACS, 2023
Sale-to-list ratio
89.3%
Selling below asking
Redfin, through January 2026
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 Walnut Grove a buyer's or seller's market?
Walnut Grove, AL is a balanced market, based on 1.0 months of supply and homes selling in about 215 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 Walnut Grove housing market data show?
Every row below is Redfin's final published month for Walnut Grove, AL. Redfin, through January 2026
| Metric | Value |
|---|---|
| Median sale price | $125,000 |
| Median price per sq ft | $97/sq ft |
| Median days on market | 215 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 89.3% |
| Homes sold (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 Walnut Grove is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Walnut Grove 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 Walnut Grove home prices moved?
Across the 15 months we hold for Walnut Grove, AL, the median sale price fell 50.0%, from $250,000 in June 2021 to $125,000. For prices to fall meaningfully from here, supply would have to keep building past 1.0 months while the sale-to-list ratio slips below its current 89.3%. Watch those two together — they move before the median does.
Redfin, through January 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Walnut Grove?
Priced off the median sale price of $125,000 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% | $25,000 | $100,000 | $643/mo |
| 5% | $6,250 | $118,750 | $763/mo |
Redfin, through January 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 $643, that implies roughly $27,541 a year before you add taxes and insurance. The median household in Walnut Grove earns $41,223, about $13,682 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 3.0x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Walnut Grove in the next 12 months?
Tell us your timeline. We send the Walnut Grove 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 Walnut Grove?
Zillow does not publish a rent index (ZORI) for Walnut Grove, 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 Walnut Grove?
Active listings in Walnut Grove, AL went from 2 in August 2021 to 1 in January 2026, a -50.0% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| August 2021 | 2 | 1 |
| September 2021 | 1 | not published |
| March 2022 | 1 | 1 |
| December 2022 | 1 | not published |
| July 2023 | 1 | 1 |
| February 2024 | 2 | 1 |
| April 2024 | 2 | 1 |
| November 2024 | 1 | not published |
| June 2025 | 2 | 2 |
| December 2025 | 3 | not published |
| January 2026 | 1 | not published |
Redfin, through January 2026
How does Walnut Grove compare to Alabama and the U.S.?
Walnut Grove homes sell for $125,000 — 60% below the Alabama median of $312,600. Against the national median of $410,700, Walnut Grove runs 70% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Walnut Grove, AL | $125,000 | not published | 215 days |
| Alabama statewide | $312,600 | +7.2% | 57 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through January 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Walnut Grove
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 $120 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 $125,000 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 Walnut Grove listing goes under contract in 215 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 89.3% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Comparable ZIP-level pricing inside Walnut Grove varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Walnut Grove
There are currently 1 homes listed for sale in Walnut Grove, Alabama.
Active listings
1
Homes on market
Avg. days on market
215
Days until sale
How much do homes cost in Walnut Grove by property type?
How the Walnut Grove, AL market breaks down across single-family homes, condos and townhouses. Redfin, through January 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $125,000 | $97/sq ft | 1 | 215 days |
Who lives in Walnut Grove?
American Community Survey estimates for Walnut Grove. U.S. Census ACS, 2023
Population
871
Households
361
Median income
$41,223/yr
Median age
46.9 years
Owner-occupied
80.9%
Median home value
$136,300
Median gross rent
$475/mo
Mean commute
27.2 min
80.9% of occupied homes in Walnut Grove 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 public schools serve Walnut Grove?
1 schools tracked · 365 students
The largest public schools serving Walnut Grove, 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.
West End High School
Grades 7-12 · 365 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 Walnut Grove, AL?
Ordered by distance from Walnut Grove, not by size. Compare Walnut Grove side by side with any of them.
Walnut Grove housing market FAQ
Is Walnut Grove a buyer's or seller's market?
Walnut Grove, AL is currently a balanced market. That read comes from 1.0 months of supply, homes going under contract in about 215 days, and sellers getting 89.3% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Walnut Grove?
The median sale price in the last month Redfin published was $125,000, about $97 per square foot.
Is Walnut Grove cheaper than the rest of Alabama?
Walnut Grove'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 Walnut Grove?
Homes in Walnut Grove, AL spent a median of 215 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 Walnut Grove?
At the current 30-year fixed rate of 6.66%, 20% down on a $125,000 home is about $643 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $27,541 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $41,223.
Are home prices rising in Walnut Grove?
We do not hold a complete 12-month value series for Walnut Grove, 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 Walnut Grove?
Walnut Grove 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 Walnut Grove?
That depends on your timeline, not on a headline. What the data says today: Walnut Grove, 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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One email: what homes are actually clearing at around $125,000, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.