Is Mobile County, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Mobile County was a Seller's Market.
Housing Prices in Mobile County, AL
How much do homes in Mobile County, AL cost?
Median Sold Price
$240,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Mobile County was $240,000 in March 2024, up 2.6% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $142.5K | +5.6% |
2 Bedrooms | $160K | $158.7K | -0.8% |
3 Bedrooms | $208.3K | $220K | +5.6% |
4 Bedrooms | $324.5K | $337.2K | +3.9% |
5+ Bedrooms | $475K | $445K | -6.3% |
Summary: Mobile County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 6.3%.
Median Sold Price Compared To Nearby Counties
Baldwin County | $375.2K | $386.7K | +3.1% |
Mobile County | $233.9K | $240K | +2.6% |
Housing Supply in Mobile County, AL
How many homes are available in Mobile County, AL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,041 | 1,409 | +35.4% |
Summary: The Mobile County real estate market had 1,409 homes for sale in March 2024, a 35.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 16 | +23.1% |
2 Bedrooms | 106 | 144 | +35.8% |
3 Bedrooms | 498 | 685 | +37.6% |
4 Bedrooms | 324 | 437 | +34.9% |
5+ Bedrooms | 100 | 127 | +27.0% |
Summary: The Mobile County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.1%, 2 bedroom homes increased by 35.8%, 3 bedroom homes increased by 37.6%, 4 bedroom homes increased by 34.9%, and 5+ bedroom homes increased by 27%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
70 | 90 | +28.6% |
Asking Price vs. Sold Price
53 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 90 homes were sold or pending in Mobile County in March 2024, up by 28.6% month-over-month. Of the 81 sold homes, 65% were sold under asking, 15% were sold at asking, and 20% were sold over asking.
Days on Market for Mobile County, AL
How long does it take to sell a home in Mobile County, AL?
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 90 homes were sold in Mobile County; 3% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.