Alabama Real Estate & Property Data

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

Get access to Alabama real estate data and housing market reports powered by the industry’s leading provider of real estate and property data, ATTOM. There have been 58,731 residential properties sold in the Alabama real estate market over the past 12 months. As of January 2024, the median home price in AL on single-family homes is $229,000. The median single-family home value for properties over the last 12 months is $213,249. Currently, the State of Alabama has 511 properties in foreclosure and 85 REOs (real estate bank owned).

See how easy it is to locate target properties in AL, build bespoke property reports, and create marketing lists from ATTOM’s Alabama real estate data.

Alabama Real Estate Market Trends
Total Residential Properties 1,827,189
Total Commercial Properties 175,164
Avg. Home Age (Single Family Home) 44 Years
Avg. Square Feet (Single Family Home) 1,858
Total 2024 Residential Sales (year-to-date) 3,481
% of Homes Seriously Underwater (Q1 2024) 1.36%
Total 2023 Residential Sales 55,250
% of Equity Rich Homes (Q1 2024) 22.21%
Effective 2023 Property Tax 0.42%
Total Foreclosure Filings (year-to-date) 511
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Alabama Real Estate Overview

There were 58,731 residential properties sold in the past year in Alabama. The median home value in Alabama is $213,249. There are a total of 1,827,189 residential properties in the AL.

Median Sales Price i
$229,000
(Jan 2024)
-0.4%
year-over-year
y-o-y
  • January '24 Jan '24 $229,000
  • December '23 Dec '23 $235,000
  • November '23 Nov '23 $235,000
  • October '23 Oct '23 $248,000
  • September '23 Sep '23 $247,350
  • August '23 Aug '23 $245,000
  • July '23 Jul '23 $255,000
  • June '23 Jun '23 $260,000
  • May '23 May '23 $255,900
  • April '23 Apr '23 $240,000
  • March '23 Mar '23 $240,000
  • February '23 Feb '23 $225,000
Median Down Payment i
$50,000
(Jan 2024)
+25%
year-over-year
y-o-y
  • January '24 Jan '24 $50,000
  • December '23 Dec '23 $46,698
  • November '23 Nov '23 $46,000
  • October '23 Oct '23 $40,450
  • September '23 Sep '23 $42,100
  • August '23 Aug '23 $35,700
  • July '23 Jul '23 $45,000
  • June '23 Jun '23 $42,000
  • May '23 May '23 $38,487
  • April '23 Apr '23 $39,300
  • March '23 Mar '23 $34,000
  • February '23 Feb '23 $35,000
Number of Homes Sold i
3,481
(Jan 2024)
-1.7%
year-over-year
y-o-y
  • January '24 Jan '24 3,481
  • December '23 Dec '23 3,829
  • November '23 Nov '23 4,172
  • October '23 Oct '23 4,623
  • September '23 Sep '23 4,707
  • August '23 Aug '23 5,426
  • July '23 Jul '23 4,837
  • June '23 Jun '23 5,490
  • May '23 May '23 5,377
  • April '23 Apr '23 4,533
  • March '23 Mar '23 5,058
  • February '23 Feb '23 3,657
Number of Purchase Loans i
1,827
(Jan 2024)
-12.1%
year-over-year
y-o-y
  • January '24 Jan '24 1,827
  • December '23 Dec '23 2,153
  • November '23 Nov '23 2,317
  • October '23 Oct '23 2,760
  • September '23 Sep '23 2,991
  • August '23 Aug '23 3,468
  • July '23 Jul '23 3,144
  • June '23 Jun '23 3,408
  • May '23 May '23 3,445
  • April '23 Apr '23 2,874
  • March '23 Mar '23 3,174
  • February '23 Feb '23 2,216
Number of REFI Loans i
2,519
(Jan 2024)
+50%
year-over-year
y-o-y
  • January '24 Jan '24 2,519
  • December '23 Dec '23 2,012
  • November '23 Nov '23 2,352
  • October '23 Oct '23 2,319
  • September '23 Sep '23 2,295
  • August '23 Aug '23 2,575
  • July '23 Jul '23 1,917
  • June '23 Jun '23 2,106
  • May '23 May '23 2,054
  • April '23 Apr '23 1,933
  • March '23 Mar '23 2,164
  • February '23 Feb '23 1,800
Number of HELOC Loans i
732
(Jan 2024)
+10.6%
year-over-year
y-o-y
  • January '24 Jan '24 732
  • December '23 Dec '23 865
  • November '23 Nov '23 933
  • October '23 Oct '23 1,048
  • September '23 Sep '23 1,039
  • August '23 Aug '23 1,148
  • July '23 Jul '23 739
  • June '23 Jun '23 922
  • May '23 May '23 900
  • April '23 Apr '23 768
  • March '23 Mar '23 853
  • February '23 Feb '23 622

Alabama Real Estate Market Overview

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

Alabama Foreclosure Activity

There were a total of 511 Alabama properties with a foreclosure filing in January 2024. Lenders started the foreclosure process on 511 Alabama properties and repossessed 85 Alabama properties through completed foreclosures (REOs) in January 2024.

Total Foreclosure Filings i
511
(Jan 2024)
+42.3%
year-over-year
y-o-y
  • January '24 Jan '24 511
  • December '23 Dec '23 299
  • November '23 Nov '23 480
  • October '23 Oct '23 469
  • September '23 Sep '23 347
  • August '23 Aug '23 435
  • July '23 Jul '23 334
  • June '23 Jun '23 543
  • May '23 May '23 272
  • April '23 Apr '23 249
  • March '23 Mar '23 258
  • February '23 Feb '23 175
Foreclosure Starts i
511
(Jan 2024)
+42.3%
year-over-year
y-o-y
  • January '24 Jan '24 511
  • December '23 Dec '23 299
  • November '23 Nov '23 480
  • October '23 Oct '23 469
  • September '23 Sep '23 347
  • August '23 Aug '23 435
  • July '23 Jul '23 334
  • June '23 Jun '23 543
  • May '23 May '23 272
  • April '23 Apr '23 249
  • March '23 Mar '23 258
  • February '23 Feb '23 175
Completed Foreclosures (REOs) i
85
(Jan 2024)
+6.2%
year-over-year
y-o-y
  • January '24 Jan '24 85
  • December '23 Dec '23 74
  • November '23 Nov '23 84
  • October '23 Oct '23 100
  • September '23 Sep '23 108
  • August '23 Aug '23 101
  • July '23 Jul '23 90
  • June '23 Jun '23 117
  • May '23 May '23 112
  • April '23 Apr '23 66
  • March '23 Mar '23 117
  • February '23 Feb '23 79
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