Alabama’s housing market is splitting. Lower-priced homes are selling briskly, while higher-end listings linger, according to the latest HW Data.
Affordable homes fuel pending sales
Alabama’s entry-level homes are moving quickly. The state recorded 1,843 pending sales in its most affordable tier last week at a median price of $165,000 — well below the national entry-level median of $215,000. These lower-priced homes went under contract in a median of 42 days, a week faster than Alabama’s overall pending average of 49 days.
Active inventory builds as higher-end homes linger
Across all price ranges, Alabama had 16,275 active single-family real estate listings last week with a median list price of $333,400. Homes still on the market carried a median age of 84 days, highlighting how higher-priced properties are moving more slowly.
Pending sales data reflects how quickly homes go under contract, while listings data shows the age of inventory still on the market. Together, they highlight both buyer activity and seller challenges.
The Altos Market Action Index registered 33, a level that generally favors sellers. The index compares the current rate of sales to available inventory, with 30 considered a balanced market. Higher numbers tilt toward sellers, while lower numbers tilt toward buyers. Still, Alabama’s longer listing times at higher price points suggest the seller’s edge isn’t universal.
A divided market
The data points to two different realities. Budget-conscious buyers are driving activity in affordable segments, where homes sell faster and at lower prices. Sellers above the median price are facing longer timelines and more competition, often needing more attractive pricing to secure offers.
What’s next
Alabama’s housing market remains resilient, but the divide is widening. Affordable homes continue to sell quickly, while higher-end properties test seller patience.
Nationally, the same pattern is emerging as affordable homes drive demand while pricier listings cool. Alabama’s numbers mirror that divide, showing continued strength in affordable segments and slower movement at the higher end.
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