Is Fairhope, AL a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Fairhope is a seller's market


Difference Since May 2022

Since last year, Fairhope has remained a Seller's Market.

Key Takeaway

Fairhope is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Fairhope, AL cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2022


Key Takeaway

Homes in Fairhope have sold for 10.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 $250K$326.3K
2 $353.2K$300K
3 $350.6K$398.7K
4 $479K$546K
5+ $600K$699K

Median Sold Price Compared To Nearby Cities


How many homes are available in Fairhope, AL?

Number of Homes For Sale

Apr 2023May 2023%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 02
2 1715
3 8487
4 151152
5+ 2023

Number of Homes Sold

Apr 2023May 2023%

Asking Price vs. Sold Price

43 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairhope, you may be able to get a good deal. 63.2% of homes here sold below asking price last month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

What housing markets are near Fairhope, AL?

About Fairhope, AL

Fairhope, AL has 279 homes on the market. In May 2023 in Fairhope, AL there were 2.6% more homes for sale than in April 2023. This housing market listing prices have changed between April 2023 and May 2023: the cost of 1 bedroom properties went up by 30.6%, prices of 2 bedrooms properties went down by 15.1%, 3 bedrooms properties prices increased by 13.7%, 4 bedrooms properties became 14% more expensive, prices of 5 bedrooms properties went up by 16.5%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes increased by 100%, the quantity of 2 bedrooms homes went down by 11.8%, 3 bedrooms homes inventory increased by 3.6%, volume of 4 bedrooms homes went up by 0.7%, volume of 5 bedrooms homes went up by 15%. Over 9 listings were sold over their listed price in May 2023 in Fairhope, AL. In the same period over 43 listings were sold below the listed price and 16 listings were sold for the listed price.