36024
Montgomery, Alabama

The 36024 ZIP code shows a median sale price of $336,000 as of February 2026, representing a substantial 24.4% year-over-year increase that significantly outpaces national appreciation rates. However, homes are averaging 86.5 days on market, nearly triple the pace of competitive metros, while only 5% of properties sell above asking price. This combination of strong price growth with extended marketing periods and minimal bidding competition suggests a market transitioning from acute shortage to more balanced conditions.

These metrics favor patient buyers willing to negotiate, as the 95% of homes selling at or below list price and extended DOM indicate seller urgency is building. The 24.4% annual appreciation benefits existing homeowners considering sale, allowing them to capture equity gains before potential cooling. Cash investors face questionable fundamentals given the slower absorption rate doesn't justify continued double-digit appreciation, while first-time buyers should leverage the 86.5-day DOM average to conduct thorough inspections and request concessions.

The PropIQ score of 65 signals caution, suggesting the 24.4% price surge may not be sustainable given demand indicators like DOM and above-list sales remain weak. Markets exhibiting this divergence between price growth and transaction velocity typically experience compression in appreciation rates within two quarters. Monitor month-over-month inventory changes and any movement in the above-list percentage below 5%, which would confirm accelerating buyer leverage and potential price stabilization through mid-2026.