Is Mobile County, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$243,950
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mobile County was $243,950 in May 2024, up 3.8% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $111.5K | $142.5K | +27.8% |
2 Bedrooms | $160K | $161K | +0.6% |
3 Bedrooms | $210K | $220K | +4.8% |
4 Bedrooms | $320K | $335K | +4.7% |
5+ Bedrooms | $498K | $460K | -7.6% |
Summary: Mobile County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.8%, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 7.6%.
Median Sold Price Compared To Nearby Counties
Mobile County | $235K | $243.9K | +3.8% |
Baldwin County | $379K | $389.1K | +2.7% |
Housing Supply in Mobile County, AL
How many homes are available in Mobile County, AL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,161 | 1,565 | +34.8% |
Summary: The Mobile County real estate market had 1,565 homes for sale in May 2024, a 34.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 16 | 23 | +43.8% |
2 Bedrooms | 105 | 136 | +29.5% |
3 Bedrooms | 553 | 754 | +36.3% |
4 Bedrooms | 379 | 503 | +32.7% |
5+ Bedrooms | 108 | 149 | +38.0% |
Summary: The Mobile County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 43.8%, 2 bedroom homes increased by 29.5%, 3 bedroom homes increased by 36.3%, 4 bedroom homes increased by 32.7%, and 5+ bedroom homes increased by 38%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
111 | 122 | +9.9% |
Asking Price vs. Sold Price
58 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Summary: A total of 122 homes were sold or pending in Mobile County in May 2024, up by 9.9% month-over-month. Of the 111 sold homes, 52% were sold under asking, 21% were sold at asking, and 27% 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
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 122 homes were sold in Mobile County; 1% of homes were sold within 30 days, 1% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.