Montgomery, AL 36104 Real Estate Market Report

ZIP Code: 36104
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The primary market signal is the median sold price of $115,000, which establishes recent transaction-level value for SFR and condo stock in ZIP 36104 and suggests a moderate appreciation environment consistent with the reported up price trend year-over-year.

2. Liquidity is slow: the median days on market of 644 points to substantially extended listing-to-sale timelines and may indicate pricing friction or buyer hesitancy despite the neutral market backdrop; sellers should expect longer listing periods and consider targeted pricing or staged improvements to improve competitiveness.

3. Relative valuation is low on a per-area basis: the median price per square foot of 59.62 combined with a median market rent of $1,000 suggests affordability relative to many metros and supports continued renter demand as rent is also reported up year-over-year; investors should evaluate cash-flow scenarios but not infer yields without property-level expense data.

4. Market balance is broadly neutral—market temperature is reported as neutral with moderate interest rate pressure—so pricing moves may be incremental; given the elevated sample-level inventory relative to sales activity, expect negotiation room for buyers on individual transactions while sellers focus on staging, pricing clarity, and financing-ready buyers.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.