Montgomery, AL 36117 Real Estate Market Report

ZIP Code: 36117
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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Montgomery, AL are averaging 6.3%, which is 0.43% higher than the 5.87% average observed during the February 2026 market period.

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

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Key Findings

1. The primary indicator of local market value is the median sold price 251,000, which reflects recent transaction activity and should be prioritized over asking prices when setting comps; the current median listing price 190,450 sits below that median sold price and may indicate pricing friction between seller expectations and achieved sale outcomes.

2. The market shows slower sales velocity as evidenced by the median days on market 571, which suggests extended time-to-contract and may indicate cautious buyer behavior or listing-condition/price sensitivity rather than immediate liquidity.

3. The price year-over-year trend — up combined with a market temperature neutral suggests measured appreciation without strong directional heat, meaning sellers can expect modest pricing tailwinds while negotiation leverage remains balanced; up highlights the positive price trend and neutral highlights the balanced market context.

4. Interest-rate dynamics are a moderating factor: interest rate pressure moderate with current 30-year fixed mortgage rates averaging 6.3%, which is 0.43% higher than the 5.87% average observed during the February 2026 market period; rental growth appears limited with rent year-over-year trend flat and a median market rent 1,850, implying rental demand is stable but not accelerating.

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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.