Hammondville, AL—35989

As of Aug '25, the median home price in Hammondville, AL is $215,000, with a year-over-year change of 3.2%. This indicates that home prices in Hammondville, AL are increasing. According to Zillow, the 1-year price projection is NA, suggesting an uncertain housing market in the next year.

As of Aug '25 and according to Realtor.com, the median days on market for a home in Hammondville, AL is 95. This is an increase of 12.0% from last year. This indicates that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 31.0%. 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 Hammondville, AL in that year was 60. 77.0% 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 67.0%. Of those, 18.0% were >90% loan to value. This is considered elevated, suggesting that mortgage risk is medium in Hammondville, AL. Investor activity in Hammondville, AL is low, as 7.0% of all loans are originated by investors. In 2023, 10.0% of all loans were cash-out refinances, suggesting few homeowners are actively tapping their home's equity.