Homes for Sale Under 400K in Montgomery, AL

1,183 Homes for Sale

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Montgomery, AL Housing Market Overview

Montgomery is a balanced market, giving buyers and sellers room to negotiate. With 2.3 months of supply and homes averaging 63.5 days on the market, you can make decisions without the pressure of a highly competitive market.

Status

Balanced Market

Days on Market

64

Inventory

1,183

Aug 2021May 2024Jul 2026

Median Home Price

$200,000Up 0.55%

In Jul 2026 · YoY

Aug 2021May 2024Jul 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
1,183 Up 32.72%
Newly Listed Homes
243 Up 35.75%
Months of Supply
2.3 Up 27.33%

Housing Demand

Homes Sold
443 Up 4.24%
Sale-to-List Ratio
95% Down 2.73%
Homes Sold Above List
11.4% Down 35.02%

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

View Full Montgomery Market Report
No. of Homes
Prices
Days on Market
Homes for Sale Birmingham
3,727
$293,450
50
Homes for Sale Shelby
3,053
$59,450
-
Homes for Sale Fairhope
515
$560,000
58
Homes for Sale Huntsville
20
$362,500
71
  • mls-img
    Based on information from the Montgomery Area Association of REALTORS® through Sep 20, 2026, 3:00 AM. Information is deemed reliable, but not guaranteed. The information being provided is for consumers' personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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. Copyright 2026 Multiple Listing Service of the Montgomery Area Association of REALTORS®. All Rights Reserved.
  • mls-img
    Based on information from the Greater Alabama MLS through Sep 20, 2026, 3:01 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. © 2026 Greater Alabama MLS, Inc. All rights reserved.

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Montgomery, AL Housing Marketlink qauare
Homes Available icon

1,183

Homes Available

Median List Price icon

$ 200,000

Median List Price

Avg on Market icon

63.5 Days

Avg on Market

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