Montgomery, AL Real Estate & Property Data

Montgomery Real Estate Market Trends
Last Updated: March 19, 2024

To gain a better understanding of the real estate market in Montgomery, AL, it is essential to have accurate and comprehensive real estate data. ATTOM provides up-to-date real estate data for Montgomery, which is refreshed on a daily basis. Based on the latest market trends, a total of 3,807 residential properties have been sold in Montgomery, AL over the past year, with a median home price of $146,000 and 25 foreclosure filings. Additionally, the 2022 effective property tax rate in Montgomery is 0.64%. To find more detailed property data for Montgomery, Alabama, look no further than ATTOM.

Montgomery Real Estate Market Trends
Total Residential Properties 70,734
Total Commercial Properties 9,049
Avg. Home Age (Single Family Home) 51 Years
Avg. Square Feet (Single Family Home) 1,793
Total 2024 Residential Sales (year-to-date) 263
% of Homes Seriously Underwater (Q1 2024) 2.55%
Total 2023 Residential Sales 3,544
% of Equity Rich Homes (Q1 2024) 15.89%
Effective 2023 Property Tax 0.64%
Total Foreclosure Filings (year-to-date) 25
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Montgomery, AL Real Estate Overview

A total of 3,807 residential properties have been sold in Montgomery, AL over the past year, with a median home price of $123,534. There are currently 70,734 residential properties in Montgomery, AL, which can be further analyzed by looking at the 16 zip codes and 3491 streets encompassing the city.

Median Sales Price i
$146,000
(Jan 2024)
-3.6%
year-over-year
y-o-y
  • January '24 Jan '24 $146,000
  • December '23 Dec '23 $156,000
  • November '23 Nov '23 $166,500
  • October '23 Oct '23 $172,950
  • September '23 Sep '23 $161,900
  • August '23 Aug '23 $185,000
  • July '23 Jul '23 $163,300
  • June '23 Jun '23 $195,000
  • May '23 May '23 $180,000
  • April '23 Apr '23 $165,500
  • March '23 Mar '23 $178,000
  • February '23 Feb '23 $173,000
Median Down Payment i
$10,250
(Jan 2024)
-21.2%
year-over-year
y-o-y
  • January '24 Jan '24 $10,250
  • December '23 Dec '23 $17,300
  • November '23 Nov '23 $11,617
  • October '23 Oct '23 $11,000
  • September '23 Sep '23 $18,650
  • August '23 Aug '23 $12,250
  • July '23 Jul '23 $13,100
  • June '23 Jun '23 $10,875
  • May '23 May '23 $15,740
  • April '23 Apr '23 $18,200
  • March '23 Mar '23 $15,000
  • February '23 Feb '23 $15,000
Number of Homes Sold i
263
(Jan 2024)
+3.5%
year-over-year
y-o-y
  • January '24 Jan '24 263
  • December '23 Dec '23 268
  • November '23 Nov '23 233
  • October '23 Oct '23 272
  • September '23 Sep '23 293
  • August '23 Aug '23 325
  • July '23 Jul '23 309
  • June '23 Jun '23 375
  • May '23 May '23 338
  • April '23 Apr '23 295
  • March '23 Mar '23 316
  • February '23 Feb '23 266
Number of Purchase Loans i
149
(Jan 2024)
+11.2%
year-over-year
y-o-y
  • January '24 Jan '24 149
  • December '23 Dec '23 154
  • November '23 Nov '23 121
  • October '23 Oct '23 142
  • September '23 Sep '23 158
  • August '23 Aug '23 206
  • July '23 Jul '23 200
  • June '23 Jun '23 225
  • May '23 May '23 217
  • April '23 Apr '23 164
  • March '23 Mar '23 171
  • February '23 Feb '23 149
Number of REFI Loans i
99
(Jan 2024)
+39.4%
year-over-year
y-o-y
  • January '24 Jan '24 99
  • December '23 Dec '23 114
  • November '23 Nov '23 89
  • October '23 Oct '23 100
  • September '23 Sep '23 98
  • August '23 Aug '23 114
  • July '23 Jul '23 93
  • June '23 Jun '23 93
  • May '23 May '23 80
  • April '23 Apr '23 72
  • March '23 Mar '23 115
  • February '23 Feb '23 53
Number of HELOC Loans i
25
(Jan 2024)
+13.6%
year-over-year
y-o-y
  • January '24 Jan '24 25
  • December '23 Dec '23 20
  • November '23 Nov '23 34
  • October '23 Oct '23 35
  • September '23 Sep '23 24
  • August '23 Aug '23 38
  • July '23 Jul '23 28
  • June '23 Jun '23 41
  • May '23 May '23 42
  • April '23 Apr '23 35
  • March '23 Mar '23 34
  • February '23 Feb '23 24

Montgomery, AL Real Estate Market Overview

Last 30 days
  • Zip
    Median Est. Value
  • Zip
    Median Est. Value
  • Zip
    Median Est. Value

Montgomery, AL Foreclosure Activity

There were a total of 25 Montgomery, AL properties with a foreclosure filing in January 2024. Lenders started the foreclosure process on 25 Montgomery, AL properties and repossessed 9 Montgomery, AL properties through completed foreclosures (REOs) in January 2024.

Total Foreclosure Filings i
25
(Jan 2024)
+78.6%
year-over-year
y-o-y
  • January '24 Jan '24 25
  • December '23 Dec '23 8
  • November '23 Nov '23 27
  • October '23 Oct '23 19
  • September '23 Sep '23 12
  • August '23 Aug '23 25
  • July '23 Jul '23 16
  • June '23 Jun '23 43
  • May '23 May '23 14
  • April '23 Apr '23 13
  • March '23 Mar '23 20
  • February '23 Feb '23 12
Foreclosure Starts i
25
(Jan 2024)
+78.6%
year-over-year
y-o-y
  • January '24 Jan '24 25
  • December '23 Dec '23 8
  • November '23 Nov '23 27
  • October '23 Oct '23 19
  • September '23 Sep '23 12
  • August '23 Aug '23 25
  • July '23 Jul '23 16
  • June '23 Jun '23 43
  • May '23 May '23 14
  • April '23 Apr '23 13
  • March '23 Mar '23 20
  • February '23 Feb '23 12
Completed Foreclosures (REOs) i
9
(Jan 2024)
+800%
year-over-year
y-o-y
  • January '24 Jan '24 9
  • December '23 Dec '23 9
  • November '23 Nov '23 3
  • October '23 Oct '23 6
  • September '23 Sep '23 4
  • August '23 Aug '23 8
  • July '23 Jul '23 5
  • June '23 Jun '23 10
  • May '23 May '23 8
  • April '23 Apr '23 6
  • March '23 Mar '23 11
  • February '23 Feb '23 27
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