Housing Market & Real Estate Update: Enterprise, AL
Enterprise, AL – March 4, 2026 – Home prices rose YoY, but homes are taking longer to sell; mortgage rates dipped under 6% and inventory appears active.
Enterprise, AL is entering spring with prices still trending up year over year, while listings are generally taking longer to move. Rate relief has improved the monthly-payment picture a bit, but the pace suggests buyers are staying selective and negotiations remain part of the process.
Top takeaways
- Median sold price: $255K in Jan. 2026 (+7.1% YoY), with $140/sq ft (+22.8% YoY).
- Time to sell: Homes averaged 87 days on market; 37 sales closed in January.
- Mortgage rates: Freddie Mac’s weekly average 30-year fixed rate was 5.98% (15-year: 5.44%) as of Feb. 26.
Market snapshot
Redfin describes the market as somewhat competitive, with typical homes selling below list price and taking about 2–3 months to go pending. In practice, that can look like a wider spread between list and final terms, especially when condition, pricing, and timing don’t align.
For-sale pulse
- Zillow showed about 293 active listings, including some new-construction options around the mid-$200Ks.
- Recent asking prices ranged from roughly the mid-$100Ks for smaller homes to the mid-$600Ks for larger properties.
What trends are standing out most right now: more price cuts, more showings, or more rentals coming available?