Alabama Real Estate Market in 2021: Forecasts + Trends

Clever Real Estate


Clever Real Estate

July 16th, 2021
Updated July 16th, 2021


alabama real estate trends

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

Alabama real estate trends (July 2021)

How is the real estate market in Alabama?
🏠 Average home value: $167,076
📈 1.15% home value increase month over month
💰 Median sale price: $243,000
⏳ 63 days on the market
🔑 Homes on the market: 7,879
📆 1.0 months of housing inventory
🏦 30-year mortgage rate: 3.10%
💵 Average income: $50,536
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 July 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.

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Selling a home in Alabama

Alabama real estate market forecast for sellers
⏰ Homes are selling 24.5 days faster than the annual average
💰 Homes are selling for $11,512 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: 2,222 sq ft
🏡 Mobile: 2,606 sq ft
🏡 Huntsville: 2,147 sq ft
🏠 Montgomery: 2,918 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

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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!

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Clever's analysis of state market trends is based on local data from Zillow,, 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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