Is Fairhope, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Fairhope was a Seller's Market.
Housing Prices in Fairhope, AL
How much do homes in Fairhope, AL cost?
Median Sold Price
$490,935
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Fairhope was $490,935 in April 2024, up 2.8% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $326.3K | $365K | +11.8% |
2 Bedrooms | $300K | $355K | +18.3% |
3 Bedrooms | $395K | $410K | +3.8% |
4 Bedrooms | $539.3K | $572.7K | +6.2% |
5+ Bedrooms | $705K | $658.8K | -6.5% |
Summary: Fairhope housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.8%, 2 bedroom homes increased by 18.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes decreased by 6.5%.
Median Sold Price Compared To Nearby Cities
Fairhope | $477.3K | $490.9K | +2.8% |
Daphne | $345.1K | $320K | -7.3% |
Housing Supply in Fairhope, AL
How many homes are available in Fairhope, AL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
385 | 448 | +16.4% |
Summary: The Fairhope real estate market had 448 homes for sale in April 2024, a 16.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 27 | 29 | +7.4% |
3 Bedrooms | 144 | 175 | +21.5% |
4 Bedrooms | 168 | 190 | +13.1% |
5+ Bedrooms | 42 | 50 | +19.0% |
Summary: The Fairhope 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 increased by 7.4%, 3 bedroom homes increased by 21.5%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 19%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
59 | 69 | +16.9% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 69 homes were sold or pending in Fairhope in April 2024, up by 16.9% month-over-month. Of the 65 sold homes, 66% were sold under asking, 29% were sold at asking, and 5% were sold over asking.
Days on Market for Fairhope, AL
We’re sorry, we don't have information for this market at the moment