Montgomery, AL 36116 Real Estate Market Report

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.

Market Metrics

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.

Rental Market

Property Taxes

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.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. 166,000 — The neighborhood's median sold price is the primary indicator of market value and recent transaction activity; it suggests recent closed transactions are centered around this price point and should be the main reference for valuations.
2. There is a meaningful gap between 166,000 (median sold price) and 132,400 (median listing price), which may indicate pricing friction where seller expectations differ from recent transaction levels; market participants should monitor listing-to-sale alignment for negotiation leverage.
3. Long time-to-contract is evident with 584 median days on market, which signals slower sales velocity and may require longer marketing horizons or price/scope adjustments to achieve timely closings.
4. Market context shows prices and rents are trending up—price YoY trend: up and rent YoY trend: up—while the market temperature is neutral and interest rate pressure is elevated, suggesting a balanced but cautious environment where financing costs could limit buyer pool despite rising rents; consider underwriting stress tests at prevailing rates (~6.6% reported) and emphasize rent-growth assumptions in pro formas.

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.