Homes for Sale Under 500K in Montgomery, AL

1,441 Homes for Sale

Sort by:Newest Listings

Don't miss out on new listings — and get instant email alerts!

Do Real Estate on the Go!

Find your dream home, receive real-time updates, and many more!

OPEN APP

Montgomery, AL Housing Market Overview

Montgomery is a balanced market, giving buyers and sellers room to negotiate. With 5.4 months of supply and homes averaging 76 days on the market, you can make decisions without the pressure of a highly competitive market.

Status

Balanced Market

Days on Market

76

Inventory

946

Sep 2021Jun 2024Sep 2026

Median Home Price

$201,000Down 0.74%

In Sep 2026 · YoY

Sep 2021Jun 2024Sep 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
946 Down 8.51%
Newly Listed Homes
835 Down 6.91%
Months of Supply
5.4 Up 5.88%

Housing Demand

Homes Sold
526 Down 14.33%
Sale-to-List Ratio
96.3% Up 0.25%
Homes Sold Above List
13.9% Down 5.63%

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

View Full Montgomery Market Report
Mortgage Calculator
How Much House Can I Afford
How to Buy a House
Best Places to Live in Alabama
Safest Places to Live in Alabama
Cheapest Places to Live in Alabama
  • mls-img
    Based on information from the Montgomery Area Association of REALTORS® through Oct 9, 2026, 2:30 PM. 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.
Click to see all homes
static map image
Satellite
Montgomery, AL Housing Marketlink qauare
Homes Available icon

1,441

Homes Available

Median List Price icon

$ 201,000

Median List Price

Avg on Market icon

76 Days

Avg on Market

Close IconHouzeo

Do Real Estate on the Go!

OPEN APP
For Sale
Price
Beds & Baths
Home Type
Filters
Save Search Share