Tuscaloosa, AL 35401 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. The primary market indicator, the median sold price of 155,000, signals recent transaction-level value for SFR and condo properties in 35401 and should be prioritized over asking prices when valuing comparable listings.
2. There is a notable spread between the median listing price of 200,000 and the median sold price of 155,000, which may indicate pricing friction and seller expectations above realized transaction values; this gap suggests caution when pricing new listings or underwriting offers.
3. Liquidity appears muted with a long median days on market of 287, indicating slower sales velocity; paired with a neutral market temperature, this suggests a balanced market where transactions complete but require extended marketing time.
4. Market fundamentals show upward pressure on prices and rents—price year-over-year trend is up and rent year-over-year trend is up—while financing conditions show moderate headwinds with a current 30-year fixed mortgage rate averaging 6.72%, suggesting continued demand support but tempered buyer purchasing power.

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.