Alabama Real Estate Trends - A New Way to Look at Alabama Realty

Alabama Real Estate

The variety of listings available in the Alabama real estate market highlights the state's division between urban splendor and rural fantasy. Approximately 60% of all Alabama real estate listings are split between urban condos/townhomes and single family properties.

While both listing prices and sale prices have fluctuated over recent months, family housing remains a strong sector in the Alabama real estate market. Buyers can enjoy the relatively low average prices (around the $140,000 mark for single family homes and $160,000 for in-town condos), almost 30% below asking price for single family homes. In the Alabama condo and townhouse market, average sale prices are less than 1% below average list prices, likely due to the relative scarcity of inventory.

Undeveloped rural real estate in Alabama comprises a substantial 29% of the market for the entire Alabama real estate market. These properties offer an excellent option for a variety of projects. Commercial investors and builders might be interested to know that Alabama land for sale can cost up to $26 million dollars and contain as many as 300 acres.

Map of Alabama Cities - Average Listing Price Change

Alabama Real Estate:
Largest Increase in Listing Price

City 3 mo.
Theodore, AL Real Estate
22.01%
Alexander City, AL Real Estate
13.70%
Calera, AL Real Estate
12.44%
Owens Crossroads, AL Real Estate
10.57%
Semmes, AL Real Estate
7.96%

Alabama Real Estate:
Largest Decrease in Listing Price

City 3 mo.
Odenville, AL Real Estate
8.30%
Killen, AL Real Estate
8.22%
Opelika, AL Real Estate
6.86%
Dothan, AL Real Estate
6.85%
Boaz, AL Real Estate
6.39%

Alabama Homes For Sale By City

Most Expensive Alabama Homes for Sale by City

City Median $ 3 mo.
Mountain Brook, AL Homes for Sale $939,160
4.35%
Orange Beach, AL Homes for Sale $748,288
6.60%
Vestavia Hills, AL Homes for Sale $502,011
6.08%
Fairhope, AL Homes for Sale $498,406
3.36%
Gulf Shores, AL Homes for Sale $458,094
4.04%

Least Expensive Alabama Homes for Sale by City

City Median $ 3 mo.
Sheffield, AL Homes for Sale $103,478
0.00%
Hueytown, AL Homes for Sale $112,094
5.69%
Valley, AL Homes for Sale $117,211
0.25%
Ozark, AL Homes for Sale $119,017
1.73%
Atmore, AL Homes for Sale $130,867
6.25%

Best Alabama Cities for Families and Singles

Top 5 Alabama Cities for Families

City Homes with
Children
Crime vs. Natl. Avg.
Helena, AL Local Info 46.00% 0.39
Millbrook, AL Local Info 44.00% 0.60
Alabaster, AL Local Info 43.00% 0.17
Chelsea, AL Local Info 41.00% 0.22
Madison, AL Local Info 41.00% 0.39

Top 5 Alabama Cities for Singles

City Unmarried Female
to Male
Tuscaloosa, AL Local Info 80.00% 52% / 48%
Tuskegee, AL Local Info 80.00% 56% / 44%
Auburn, AL Local Info 79.00% 50% / 50%
Birmingham, AL Local Info 79.00% 53% / 47%
Fairfield, AL Local Info 79.00% 56% / 44%
Methodology

Largest Increase in Listing Price Methodology

This chart uses the median listing price of cities with at least 100 active property listings to calculate the largest percentage increase in median listing prices for single family homes over a three month period.

Largest Decrease in Listing Price Methodology

This chart uses the median listing price of cities with at least 100 active property listings to calculate the largest percentage decrease in median listing prices for single family homes over a three month period.

Most Expensive Homes for Sale by City Methodology

This chart uses the median listing price of cities with at least 100 active property listings to retrieve the cities with the five highest median listing prices of single family homes. In addition, the median listing prices are used to calculate the associated increase or decrease in median listing price as a percentage over a three month period.

Least Expensive Homes for Sale by City Methodology

This chart uses the median listing price of cities with at least 100 active property listings to retrieve the cities with the five lowest median listing prices of single family homes. In addition, the median listing prices are used to calculate the associated increase or decrease in median listing price as a percentage over a three month period.

Top 5 Cities for Families Methodology

This chart displays the top five cities with a population of at least 10,000 that have the highest percentage of homes with children and the lowest crime rate. Crime rate is determined by comparing each city's crime rate index against the national crime rate index, which equals 100. A number lower than one indicates less crime than the national average, while a number greater than one indicates more overall crime than the national average.

Top 5 Cities for Singles Methodology

This chart displays the top five cities with a population of at least 10,000 that have the highest percentage of unmarried people. An unmarried person is defined as someone who was never married, is separated, or divorced.