Is Mobile, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Mobile was a Seller's Market.
Housing Prices in Mobile, AL
How much do homes in Mobile, AL cost?
Median Sold Price
$235,300
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Mobile was $235,300 in February 2024, up 2.3% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $199K | $111.5K | -44.0% |
2 Bedrooms | $160.7K | $152.4K | -5.2% |
3 Bedrooms | $204.7K | $210K | +2.6% |
4 Bedrooms | $331.5K | $329.9K | -0.5% |
5+ Bedrooms | $486.5K | $445K | -8.5% |
Summary: Mobile housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44%, 2 bedroom homes decreased by 5.2%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes decreased by 8.5%.
Median Sold Price Compared To Nearby Cities
Mobile | $229.9K | $235.3K | +2.3% |
Tanner Williams | $250K | $250K | 0.0% |
Housing Supply in Mobile, AL
How many homes are available in Mobile, AL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
653 | 909 | +39.2% |
Summary: The Mobile real estate market had 909 homes for sale in February 2024, a 39.2% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 12 | +9.1% |
2 Bedrooms | 55 | 88 | +60.0% |
3 Bedrooms | 321 | 446 | +38.9% |
4 Bedrooms | 210 | 292 | +39.0% |
5+ Bedrooms | 56 | 71 | +26.8% |
Summary: The Mobile housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 38.9%, 4 bedroom homes increased by 39%, and 5+ bedroom homes increased by 26.8%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
38 | 46 | +21.1% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 46 homes were sold or pending in Mobile in February 2024, up by 21.1% month-over-month. Of the 38 sold homes, 66% were sold under asking, 11% were sold at asking, and 24% were sold over asking.
Days on Market for Mobile, AL
We’re sorry, we don't have information for this market at the moment