Strength 4 / 5
$490K
Hoover median sale price fell back under $500K — now $490K
Dropping back below $500K re-opens a buyer pool that had been priced out — and puts sellers on notice that the last few months' comps are no longer defensible.
Markets › Alabama
Alabama housing market
In the Yellowhammer State, part of the Census Bureau's East South Central division, Pecan Street tracks three markets. Median sale prices run from $238K in Mobile to $332K in Huntsville as of Sep 2026. All three are higher than a year earlier, led by Birmingham (+4.2%).
Homes sit longest in Huntsville (79 median days on market) and sell fastest in Birmingham (61 days). The share of active listings with a price cut runs from 33% in Birmingham to 35% in Huntsville. Price-to-rent ratios run from about 13 in Mobile to 16 in Huntsville, measured as years of HUD Fair Market Rent per median sale price. Among the 195 U.S. metros Pecan Street tracks, the Huntsville metro has the 17th-most median days on market. Alabama's unemployment rate was 3.4% in Aug 2026 (BLS via FRED). The national rate was 4.2% in Sep 2026.
Markets at a glance
| Market | Median sale price | YoY | Days on market | Price-cut share | Price-to-rent |
|---|---|---|---|---|---|
| Birmingham | $318K | +4.2% | 61 | 33% | ≈ 15 |
| Huntsville | $332K | +2.4% | 79 | 35% | ≈ 16 |
| Mobile | $238K | +0.2% | 66 | 35% | ≈ 13 |
Median sale price and year-over-year change from Redfin (rolling three months); median days on market and the share of active listings with a price cut from Realtor.com; price-to-rent is each market page's figure (its median sale price over a year of HUD Fair Market Rent). Figures are per metro market, not statewide.
Recent signals
Strength 4 / 5
6.6 mo
Birmingham supply now 6.6 months — buyer's market
Six-plus months of supply in Birmingham — this is a buyer's market by the textbook definition.