Alabama Real Estate & Property Data

Alabama Real Estate Market Trends
Last Updated: April 18, 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 59,511 residential properties sold in the Alabama real estate market over the past 12 months. As of February 2024, the median home price in AL on single-family homes is $240,000. The median single-family home value for properties over the last 12 months is $215,956. Currently, the State of Alabama has 407 properties in foreclosure and 76 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 1,829,845
Total Commercial Properties 175,548
Avg. Home Age (Single Family Home) 44 Years
Avg. Square Feet (Single Family Home) 1,861
Total 2024 Residential Sales (year-to-date) 7,470
% of Homes Seriously Underwater (Q2 2024) 0.91%
Total 2023 Residential Sales 55,596
% of Equity Rich Homes (Q2 2024) 22.79%
Effective 2023 Property Tax 0.41%
Total Foreclosure Filings (year-to-date) 918
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Alabama Real Estate Overview

There were 59,511 residential properties sold in the past year in Alabama. The median home value in Alabama is $215,956. There are a total of 1,829,845 residential properties in the AL.

Median Sales Price i
$240,000
(Feb 2024)
+6.7%
year-over-year
y-o-y
  • February '24 Feb '24 $240,000
  • January '24 Jan '24 $229,000
  • December '23 Dec '23 $235,000
  • November '23 Nov '23 $235,000
  • October '23 Oct '23 $246,000
  • September '23 Sep '23 $247,500
  • August '23 Aug '23 $245,000
  • July '23 Jul '23 $255,000
  • June '23 Jun '23 $260,000
  • May '23 May '23 $256,500
  • April '23 Apr '23 $240,000
  • March '23 Mar '23 $241,575
Median Down Payment i
$58,497
(Feb 2024)
+67.1%
year-over-year
y-o-y
  • February '24 Feb '24 $58,497
  • January '24 Jan '24 $50,000
  • December '23 Dec '23 $46,462
  • November '23 Nov '23 $46,000
  • October '23 Oct '23 $40,980
  • September '23 Sep '23 $42,300
  • August '23 Aug '23 $36,270
  • July '23 Jul '23 $45,000
  • June '23 Jun '23 $42,300
  • May '23 May '23 $39,250
  • April '23 Apr '23 $39,000
  • March '23 Mar '23 $35,000
Number of Homes Sold i
3,915
(Feb 2024)
+6.6%
year-over-year
y-o-y
  • February '24 Feb '24 3,915
  • January '24 Jan '24 3,555
  • December '23 Dec '23 3,912
  • November '23 Nov '23 4,176
  • October '23 Oct '23 4,693
  • September '23 Sep '23 4,719
  • August '23 Aug '23 5,447
  • July '23 Jul '23 4,858
  • June '23 Jun '23 5,509
  • May '23 May '23 5,400
  • April '23 Apr '23 4,563
  • March '23 Mar '23 5,092
Number of Purchase Loans i
2,092
(Feb 2024)
-8%
year-over-year
y-o-y
  • February '24 Feb '24 2,092
  • January '24 Jan '24 1,854
  • December '23 Dec '23 2,182
  • November '23 Nov '23 2,335
  • October '23 Oct '23 2,790
  • September '23 Sep '23 2,999
  • August '23 Aug '23 3,497
  • July '23 Jul '23 3,190
  • June '23 Jun '23 3,450
  • May '23 May '23 3,511
  • April '23 Apr '23 2,941
  • March '23 Mar '23 3,239
Number of REFI Loans i
2,613
(Feb 2024)
+44.7%
year-over-year
y-o-y
  • February '24 Feb '24 2,613
  • January '24 Jan '24 2,533
  • December '23 Dec '23 2,033
  • November '23 Nov '23 2,360
  • October '23 Oct '23 2,339
  • September '23 Sep '23 2,299
  • August '23 Aug '23 2,569
  • July '23 Jul '23 1,919
  • June '23 Jun '23 2,124
  • May '23 May '23 2,059
  • April '23 Apr '23 1,947
  • March '23 Mar '23 2,178
Number of HELOC Loans i
761
(Feb 2024)
+22%
year-over-year
y-o-y
  • February '24 Feb '24 761
  • January '24 Jan '24 740
  • December '23 Dec '23 883
  • November '23 Nov '23 935
  • October '23 Oct '23 1,051
  • September '23 Sep '23 1,047
  • August '23 Aug '23 1,150
  • July '23 Jul '23 744
  • June '23 Jun '23 924
  • May '23 May '23 905
  • April '23 Apr '23 779
  • March '23 Mar '23 858

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 407 Alabama properties with a foreclosure filing in February 2024. Lenders started the foreclosure process on 407 Alabama properties and repossessed 76 Alabama properties through completed foreclosures (REOs) in February 2024.

Total Foreclosure Filings i
407
(Feb 2024)
+132.6%
year-over-year
y-o-y
  • February '24 Feb '24 407
  • 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
Foreclosure Starts i
407
(Feb 2024)
+132.6%
year-over-year
y-o-y
  • February '24 Feb '24 407
  • 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
Completed Foreclosures (REOs) i
76
(Feb 2024)
-3.8%
year-over-year
y-o-y
  • February '24 Feb '24 76
  • 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
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