Homes for Sale Under 400K in Hoover, AL

248 Homes

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Hoover, AL Housing Market Overview

Hoover's housing market is evenly balanced between buyers and sellers. This creates fair negotiating conditions for both parties. With a 2.7-month supply of homes and properties spending 54 days on the market on average, both buyers and sellers have equal opportunity to achieve favorable outcomes.

Status

Balanced Market

Days on Market

54

Inventory

248

Jul 2021Feb 2024Mar 2026

Median Home Price

$462,000Down 0.01%

In Mar 2026 · YoY

Jul 2021Feb 2024Mar 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Supply

Homes For Sale
248 Down 0.04%
Newly Listed Homes
167 Up 0.02%
Months of Supply
2.7 Down 0.20%

Demand

Homes Sold
123 Down 0.00%
Sale-to-List Ratio
99.1% Up 0.79%
Homes Sold Above List
23.6% Up 3.75%

30-yr fixed rate 6.23% · Data as of Mar 2026 · Source: Houzeo Research.

View Full Hoover Market Report
  • mls-img
    Based on information from the Greater Alabama MLS through Aug 30, 2026, 8:45 AM. Information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2024 Greater Alabama MLS, Inc. All rights reserved.

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Hoover, AL Housing Marketlink qauare
Homes Available icon

248

Homes Available

Median List Price icon

$ 462,000

Median List Price

Avg on Market icon

54 Days

Avg on Market

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