36109
Montgomery, Alabama

# Market Report: Montgomery, AL 36109

The 36109 ZIP code shows modest appreciation with a median sale price of $165,000, up 6.5% year-over-year as of February 2026. Properties are moving at a moderate pace, averaging 75 days on market, while 18% of homes are commanding above-list prices. This above-list percentage indicates selective competition rather than broad buying pressure, suggesting demand exists but remains concentrated on specific properties rather than across the entire inventory.

This environment favors patient sellers with well-positioned assets who can wait the 75-day cycle for qualified buyers. The 18% above-list rate means sellers with updated or strategically priced homes can capture premium pricing, though 82% are not exceeding list price. Value-focused buyers willing to negotiate have significant opportunity among the majority of listings, while investors seeking cash-flowing rentals benefit from the sub-$170K entry point if rental rates support acquisition costs at current pricing.

The PropIQ score of 70 signals neutral conditions with monitoring warranted, suggesting neither accelerating growth nor immediate softening. The 6.5% annual appreciation rate exceeds inflation but trails high-growth markets, indicating stability rather than momentum. Watch for changes in the days-on-market metric and above-list percentage in coming months; contraction would signal strengthening demand, while expansion beyond 85-90 days would indicate weakening buyer appetite and potential price pressure.