Markets › Alabama
In the Yellowhammer State, part of the Census Bureau's East South Central division, Pecan Street tracks 12 markets. Median sale prices run from $204K in Anniston to $384K in Daphne over Jul–Sep 2026. 10 of 12 are higher than a year earlier and two are lower; Gadsden leads at +5.9% and Florence trails at -3.3%.
Homes sit longest in Daphne (87 median days on market) and sell fastest in Dothan (52 days). The share of active listings with a price cut runs from 24% in Auburn to 40% in Florence. Price-to-rent ratios run from about 13 in Anniston to 21 in Auburn, measured as years of HUD Fair Market Rent per median sale price. Among the 385 U.S. metros Pecan Street tracks, the Daphne metro has the 14th-most median days on market and the Florence metro the 19th-slowest year-over-year price growth. Alabama's unemployment rate was 3.5% in Sep 2026 (BLS via FRED), below the national rate of 4.2%.
| Market | Median sale price | YoY | Days on market | Price-cut share | Price-to-rent |
|---|---|---|---|---|---|
| Anniston | $204K | -2.5% | 61 | 32% | ≈ 13 |
| Auburn | $382K | +2.5% | 66 | 24% | ≈ 21 |
| Birmingham | $318K | +4.2% | 61 | 33% | ≈ 15 |
| Daphne | $384K | +0.5% | 87 | 26% | ≈ 17 |
| Decatur | $261K | +4.5% | 69 | 37% | ≈ 17 |
| Dothan | $249K | +3.7% | 52 | 32% | ≈ 16 |
| Florence | $252K | -3.3% | 69 | 40% | ≈ 16 |
| Gadsden | $227K | +5.9% | 70 | 35% | ≈ 15 |
| Huntsville | $332K | +2.4% | 79 | 35% | ≈ 16 |
| Mobile | $238K | +0.2% | 66 | 35% | ≈ 13 |
| Montgomery | $273K | +3.0% | 67 | 32% | ≈ 15 |
| Tuscaloosa | $293K | +3.7% | 63 | 29% | ≈ 17 |
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.
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.
Source: Redfin, city figures, Jul–Sep 2026
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.
Source: Redfin, city figures, Jul–Sep 2026