Home prices in Huntsville, Madison have decreased since last year

With the real estate market experiencing significant highs and lows nationwide, Alabama home prices remain some of the most affordable in the country.

In fact, both Madison and Huntsville saw significant decreases in median home price in August, compared to this time last year. Here’s the scoop:

Huntsville home prices down 15 percent

Huntsville’s median home prices are down 15.8 percent from this point last year. Madison has also experienced a decrease of 15 percent from August of 2023.

Here’s how median home prices look in the Huntsville area and its surrounding communities:

Huntsville	Median Home Price: $330,950	% Change from 2023: –15.8	Median days on market: 37
Madison	Median Home Price: $370,000	% Change from 2023: -15.0	Median days on market: 39
Athens	Median Home Price: $329,900	% Change from 2023: -2.3	Median days on market: 87
Florence	Median Home Price: $195,000	% Change from 2023: +5.5	Median days on market: 23
Decatur	Median Home Price: $240,000	% Change from 2023: +2.2	Median days on market: 47
Guntersville	Median Home Price: $470,000	% Change from 2023: -0.95	Median days on market: 59

Housing in Alabama remains well below national average

The median home price for the state in August was $281,400, up 1.4 percent from last year. Alabama’s median home price still stands considerable lower than the national median price of $412,300, according to the Federal Reserve.

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