Homes for Sale Under 700K in Montgomery, AL

1,447 Homes

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Montgomery, AL Housing Market Overview

Montgomery's housing market currently favors buyers. This gives buyers the upper hand in negotiations. With a 2.28-month supply of homes and an average of 63.5 days on the market, buyers have plenty of time to choose and significant bargaining power.

Status

Buyer's Market

Days on Market

64

Inventory

1,447

Jul 2021Apr 2024Jul 2026

Median Home Price

$200,000Up 0.55%

In Jul 2026 · YoY

Jul 2021Apr 2024Jul 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Supply

Homes For Sale
1,447 Up 32.72%
Newly Listed Homes
243 Up 35.75%
Months of Supply
2.3 Up 27.33%

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
  • mls-img
    Based on information from the Montgomery Area Association of REALTORS® through Aug 30, 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 2024 Multiple Listing Service of the Montgomery Area Association of REALTORS®. All Rights Reserved.

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Montgomery, AL Housing Marketlink qauare
Homes Available icon

1,447

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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