Alabama Real Estate Market in 2021: Forecasts + Trends

Clever Real Estate

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Clever Real Estate

October 26th, 2021
Updated October 26th, 2021

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alabama real estate trends

Real estate trends in Alabama | Sellers | Buyers | Investors | The best and worst of Alabama | Alabama resources

Alabama real estate trends (October 2021)

How is the real estate market in Alabama?
🏠 Average home value: $172,932
📈 1.50% home value increase month over month
💰 Median sale price: $243,000
⏳ 54 days on the market
🔑 Homes on the market: 10,048
📆 1.3 months of housing inventory
🏦 30-year mortgage rate: 2.99%
💵 Average income: 50536
State of the market: B+
Listing prices are well above home values right now, suggesting that sellers are very optimistic about their sale prospects; with inventory quite low, they’re probably right. But when mortgage rates increase, much of this demand could evaporate.
*Data last updated October 2021

Alabama's population is growing as new residents choose the state as their home — and it's easy to understand why.

From the Appalachian foothills to the Gulf of Mexico, Alabama boasts 22 state parks that showcase the state's natural beauty. Residents enjoy mild winters and subtropical summers, with coastal breezes and plenty of sunny days.

The Yellowhammer State also has a rich history, from its capital in Montgomery to Birmingham — two cities that played crucial roles in the Civil Rights Movement.

If you're thinking of buying or selling in Alabama, these Alabama housing predictions and stats can help you make an informed decision.

Want to save money when you buy or sell your home? With Clever, you'll only pay 1% or $3K in listing fees. Eligible buyers get 0.5% cash back after closing. Find out how much you can save with Clever today!

Selling a home in Alabama

Alabama real estate market forecast for sellers
⏰ Homes are selling 9 days faster than the annual average
💰 Homes are selling for $13,843 more than the annual average
💸 Average listing commission: 2.83%
💸 Average buyer's commission: 2.77%

How to sell a home in Alabama

Cost to sell a home in Alabama

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Buying a home in Alabama

How much home you can buy with $300,000 in...
🏠 Birmingham: 2,194 sq ft
🏡 Mobile: 2,560 sq ft
🏡 Huntsville: 2,058 sq ft
🏠 Montgomery: 2,929 sq ft

Investing in Alabama real estate

Best of Alabama

Each month, we compare cities in Alabama based on different criteria. This month, we're looking at affordability and ranking the best cities in the state.

Most Affordable Cities in Alabama
1. Talladega-Sylacauga
2. Florence-Muscle Shoals
3. Anniston-Oxford
4. Huntsville
5. Dothan

Ready to buy a home in Alabama? Eligible buyers get cash back with Clever!

Worst of Alabama

Each month, we compare cities in Alabama based on a different criteria. This month we're looking at affordability data. These are the cities that ranked the worst in the state.

Least Affordable Cities in Alabama
1. Daphne-Fairhope-Foley
2. Auburn-Opelika
3. Albertville
4. Birmingham-Hoover
5. Cullman

Alabama resources

👋 Next Steps: Talk to an expert!

If you're weighing your options for buying or selling a house, Clever can help!

Our fully-licensed concierge team is standing by to answer questions and provide free, objective advice on getting the best outcome with your sale or purchase.

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Give us a call at 1-833-2-CLEVER or enter your info below. Our concierge team will be in touch shortly to help.

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Frequently asked questions about Alabama real estate

</p><p>Real estate is always a good investment, especially in bigger cities in Alabama, like Huntsville and Birmingham, where people are always looking for housing. However, to really maximize your investment, you have to also know where the best neighborhoods to buy real estate are and how to manage the properties after you buy. To find out more, check out <a href="/real-estate-blog/real-estate-investing-guide/" rel="noopener noreferrer" target="_blank">our guide on real estate investing</a>.<br>

</p><p>No, it currently is not an ideal <a href="/real-estate-blog/the-best-time-to-buy-a-house-in-alabama/" rel="noopener noreferrer" target="_blank">time to buy a house in Alabama</a>. Not only are real estate prices above average in the state, but mortgage rates are also rising. If you plan on buying a house in the state, then you will need the help of a top real estate agent to navigate the market and get you a good deal.<br>

Methodology

Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, S&P Global, the U.S. Census, and Clever surveys. Our team of over 20 real estate analysts from across the country research local markets and data to compile our "Best" and "Worst" rankings.

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