Is Montgomery, AL 36116 a buyer’s or seller’s market?
Montgomery is a balanced market. With about 4.7 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 23% of U.S. ZIP codes, and #148 of 249 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Montgomery housing market right now
In the three months ending August 31, 2026, 16% of homes in Montgomery, AL 36116 sold above their list price, the typical home went under contract in 64 days and there were 4.7 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 118 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 20%, homes sold more slowly (58 days then) and the median sale price fell 23% to $229,901. Overall, Montgomery is less competitive than a year ago, which gives buyers more room.
Within Montgomery County, homes here sell faster than in 62% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Montgomery ranks #148 of 249 AL ZIP codes with enough sales (score 27 out of 100).
Nearby, buyers who want less competition could look at Montgomery 36104 (0% sold over asking) or Ramer 36069 (0% sold over asking).
Run the numbers for 36116
Nearby markets
Cecil 36013Seller’s market $214 /sq ftGrady 36036 — /sq ftMathews 36052Seller’s market $235 /sq ftMontgomery 36104Buyer’s market $104 /sq ft Browse all markets →Towns like Montgomery nearby
Find towns like Montgomery in other states →Where Montgomery is
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Questions about Montgomery real estate
Is Montgomery a buyer’s or seller’s market?
A balanced market: there were 4.7 months of supply in Montgomery, AL 36116 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Montgomery?
The typical home went under contract in 64 days in the latest three months.
Do homes in Montgomery sell over asking?
16% of homes sold above their original list price, and the typical sale closed at 97.3% of the list price.
What are property taxes in Montgomery?
About 0.41% of a home’s value a year in Montgomery County, or roughly $1,640 on a $400,000 home.
What is the median home price in Montgomery?
The median sale price was $229,901 in the three months ending August 31, 2026, about $120 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology