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Homes for Sale Under 400K in Montgomery, AL

1,305 Homes for Sale

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Photo 1 of Land for sale at 2434 Peake Rd, Ramer, AL 36069 | MLS# 568717 | Listing updated on 2026-08-28

$240,000

Views: 4

Bedrooms: --Bds

Bathrooms: --Ba

Area: 32acres lot

Land for sale

2434 Peake Rd, Ramer, AL 36069

Carlson Land Services, Inc., Carl Edward Carlson, Jr

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No HOANo HOA
Photo 1 of Single family home for sale at 517 Martha St, Montgomery, AL 36104 | MLS# 590980 | Listing updated on 2026-10-22

$239,000

Views: 6

Bedrooms: 3Bds

Bathrooms: 2Ba

Area: 2,400sqft

Single family home for sale

517 Martha St, Montgomery, AL 36104

River Region Realty Group Llc, Kimmberly Taylor

Showing 421 - 462 of 1,305 homes for sale in Montgomery, AL

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Montgomery, AL Housing Market Overview

Montgomery is a balanced market, giving buyers and sellers room to negotiate. With 5.9 months of supply and homes averaging 80 days on the market, you can make decisions without the pressure of a highly competitive market.

Status

Balanced Market

Days on Market

80

Inventory

926

Oct 2021Jul 2024Oct 2026

Median Home Price

$203,000Up 1.65%

In Oct 2026 · YoY

Oct 2021Jul 2024Oct 2026

Mortgage Rates 30-Yr Fixed

7.24%Down 0.08%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
926 Down 9.13%
Newly Listed Homes
792 Down 10.71%
Months of Supply
5.9 Up 18.00%

Housing Demand

Homes Sold
467 Down 23.69%
Sale-to-List Ratio
96.6% Up 0.51%
Homes Sold Above List
13.5% Down 12.26%

30-yr fixed rate 7.24% · Data as of Oct 2026 · Source: Houzeo Research.

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  • mls-img
    Based on information from the Montgomery Area Association of REALTORS® through Nov 4, 2026, 11:45 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.
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Homes Available icon

1,305

Homes Available

Median List Price icon

$ 203,000

Median List Price

Avg on Market icon

80 Days

Avg on Market