Is Theodore, 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, Theodore was a Neutral Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $330K | N/A |
2 Bedrooms | - | $28K | N/A |
3 Bedrooms | $199K | $210K | +5.5% |
4 Bedrooms | $312.8K | $352.4K | +12.7% |
5+ Bedrooms | $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 | $226.7K | $242.5K | +6.9% |
Mobile | $230K | $239.8K | +4.3% |
Housing Supply in Theodore, AL
How many homes are available in Theodore, AL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
63 | 92 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 35 | 57 | +62.9% |
4 Bedrooms | 15 | 24 | +60.0% |
5+ Bedrooms | 10 | 8 | -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 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 5 | -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
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