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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Theodore is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Theodore was a Neutral Market.

Key Takeaway

Theodore is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Theodore, AL

How much do homes in Theodore, AL cost?

Median Sold Price

$242,500

$144/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$15,750(+6.9%)

Key Takeaway

Homes in Theodore have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in Theodore was $242,500 in April 2024, up 6.9% from last year, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$330K
N/A
2 -$28K
N/A
3 $199K$210K
+5.5%
4 $312.8K$352.4K
+12.7%
5+ $497.5K$475K
-4.5%

Summary: Theodore housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes decreased by 4.5%.

Median Sold Price Compared To Nearby Cities

Theodore
+6.9%
Mobile
+4.3%

Housing Supply in Theodore, AL

How many homes are available in Theodore, AL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
6392+46.0%

Summary: The Theodore real estate market had 92 homes for sale in April 2024, a 46.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 33
0.0%
3 3557
+62.9%
4 1524
+60.0%
5+ 108
-20.0%

Summary: The Theodore housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 62.9%, 4 bedroom homes increased by 60%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
85-37.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Theodore, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Theodore in April 2024, down by 37.5% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Theodore, AL

We’re sorry, we don't have information for this market at the moment

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

Report Updated 25 Days Ago

Newest Listings in Theodore, AL

Nearby Markets to Theodore, AL

What housing markets are near Theodore, AL?