Is Fairhope, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer'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
$475,589
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2022
+$46,780(+10.9%)
Key Takeaway
Homes in Fairhope have sold for 10.9% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | May 2022 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | $250K | $326.3K | +30.6% |
| 2 Bedrooms | $353.2K | $300K | -15.1% |
| 3 Bedrooms | $350.6K | $398.7K | +13.7% |
| 4 Bedrooms | $479K | $546K | +14.0% |
| 5+ Bedrooms | $600K | $699K | +16.5% |
Median Sold Price Compared To Nearby Cities
| Daphne | $300K | $359.5K | +19.8% |
| Fairhope | $428.8K | $475.5K | +10.9% |
How many homes are available in Fairhope, AL?
Number of Homes For Sale
| Apr 2023 | May 2023 | % |
|---|---|---|
| 272 | 279 | +2.6% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2023 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 17 | 15 | -11.8% |
| 3 Bedrooms | 84 | 87 | +3.6% |
| 4 Bedrooms | 151 | 152 | +0.7% |
| 5+ Bedrooms | 20 | 23 | +15.0% |
Number of Homes Sold
| Apr 2023 | May 2023 | % |
|---|---|---|
| 62 | 68 | +9.7% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
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.
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Listing Information Copyright 2023 Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS®, Inc. All rights reserved. Information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information being provided is for consumers personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS® Inc. Real estate listings held by brokerage firms other than this broker are governed by MLS Rules and Regulations and detailed information about them includes the name of the listing companies. 
The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of the Greater Alabama Multiple Listing Service, Inc. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the content is not guaranteed accurate by the MLS. There is no express or implied warranty by MLS of the accuracy of information which should be independently verified. The Greater Alabama Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Copyright© 2023 Greater Alabama Multiple Listing Service, Inc. All Rights Reserved.