Is Theodore, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Theodore was a Seller's Market.
Housing Prices in Theodore, AL
How much do homes in Theodore, AL cost?
Median Sold Price
$240,000
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Theodore was $240,000 in June 2024, up 2.8% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $330K | N/A |
2 Bedrooms | $28K | - | N/A |
3 Bedrooms | $180K | $210K | +16.7% |
4 Bedrooms | $336K | $361.8K | +7.7% |
5+ Bedrooms | $567.5K | $420K | -26.0% |
Summary: Theodore housing prices by bedroom type for June 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 16.7%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 26%.
Median Sold Price Compared To Nearby Cities
Mobile | $230.9K | $239.9K | +3.9% |
Theodore | $233.5K | $240K | +2.8% |
Housing Supply in Theodore, AL
How many homes are available in Theodore, AL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
88 | 118 | +34.1% |
Summary: The Theodore real estate market had 118 homes for sale in June 2024, a 34.1% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 7 | +75.0% |
3 Bedrooms | 40 | 58 | +45.0% |
4 Bedrooms | 31 | 40 | +29.0% |
5+ Bedrooms | 13 | 13 | 0.0% |
Summary: The Theodore housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 45%, 4 bedroom homes increased by 29%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
5 | 10 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Theodore in June 2024, up by 100.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.
Days on Market for Theodore, AL
We’re sorry, we don't have information for this market at the moment