Is Mobile County, 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, 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
$242,562
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mobile County was $242,562 in April 2024, up 3.7% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $169.2K | $140.2K | -17.1% |
2 Bedrooms | $162.6K | $160K | -1.6% |
3 Bedrooms | $209K | $220K | +5.3% |
4 Bedrooms | $320K | $333.6K | +4.3% |
5+ Bedrooms | $495K | $450K | -9.1% |
Summary: Mobile County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.1%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 9.1%.
Median Sold Price Compared To Nearby Counties
Mobile County | $233.8K | $242.5K | +3.7% |
Baldwin County | $375.9K | $386K | +2.7% |
Housing Supply in Mobile County, AL
How many homes are available in Mobile County, AL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,099 | 1,487 | +35.3% |
Summary: The Mobile County real estate market had 1,487 homes for sale in April 2024, a 35.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 19 | +35.7% |
2 Bedrooms | 112 | 133 | +18.8% |
3 Bedrooms | 534 | 744 | +39.3% |
4 Bedrooms | 334 | 472 | +41.3% |
5+ Bedrooms | 105 | 119 | +13.3% |
Summary: The Mobile County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 35.7%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 39.3%, 4 bedroom homes increased by 41.3%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
86 | 112 | +30.2% |
Asking Price vs. Sold Price
53 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Summary: A total of 112 homes were sold or pending in Mobile County in April 2024, up by 30.2% month-over-month. Of the 104 sold homes, 51% were sold under asking, 19% were sold at asking, and 30% 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 April 2024, 112 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.