Blow Gourd, AL—35049

As of Aug '25, the median home price in Blow Gourd, AL is $223,000, with a year-over-year change of 0.4%. This indicates that home prices in Blow Gourd, AL are flat. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.

As of Aug '25 and according to Realtor.com, the median days on market for a home in Blow Gourd, AL is 43. This is an decrease of -55.0% from last year. This indicates that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 44.0%. This is a large percentage of inventory, suggesting a lot of supply pressure on home prices.

According to the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in Blow Gourd, AL in that year was 68. 75.0% of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was 83.0%. Of those, 31.0% were >90% loan to value. This is considered very high, suggesting that mortgage risk is large in Blow Gourd, AL. Investor activity in Blow Gourd, AL is low, as 6.0% of all loans are originated by investors. In 2023, 7.0% of all loans were cash-out refinances, suggesting few homeowners are actively tapping their home's equity.