$7,422 Closing Credit*
$625,000
4,500 SqFt
6 Beds
•5 Full Baths
Gary Eastman, Listing Office: Brett R/E Robinson Dev OB
Is Fairhope, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Fairhope was a Seller's Market.
Key Takeaway
Fairhope is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Fairhope, AL
How much do homes in Fairhope, AL cost?
Median Sold Price
$490,932
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$37,589(+8.3%)
Key Takeaway
Homes in Fairhope have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Fairhope was $490,932 in September 2024, up 8.3% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $332.8K | $369.2K | +10.9% |
| 2 Bedrooms | $300K | $355K | +18.3% |
| 3 Bedrooms | $413.3K | $420K | +1.6% |
| 4 Bedrooms | $497K | $532.5K | +7.1% |
| 5+ Bedrooms | $726.2K | $674.9K | -7.1% |
Summary: Fairhope housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.9%, 2 bedroom homes increased by 18.3%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 7.1%.
Median Sold Price Compared To Nearby Cities
| Fairhope | $453.3K | $490.9K | +8.3% |
| Daphne | $342.9K | $341K | -0.6% |
Housing Supply in Fairhope, AL
How many homes are available in Fairhope, AL?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 473 | 498 | +5.3% |
Summary: The Fairhope real estate market had 498 homes for sale in September 2024, a 5.3% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 48 | 49 | +2.1% |
| 3 Bedrooms | 178 | 180 | +1.1% |
| 4 Bedrooms | 196 | 208 | +6.1% |
| 5+ Bedrooms | 51 | 61 | +19.6% |
Summary: The Fairhope housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 19.6%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 65 | 72 | +10.8% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairhope, you may be able to get a good deal. 68.7% of homes here sold below asking price last month.
Summary: A total of 72 homes were sold or pending in Fairhope in September 2024, up by 10.8% month-over-month. Of the 67 sold homes, 69% were sold under asking, 22% were sold at asking, and 9% were sold over asking.
Days on Market for Fairhope, AL
How long does it take to sell a home in Fairhope, AL?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Fairhope are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During September 2024, 72 homes were sold in Fairhope; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.
Listing information Copyright © 2024 Baldwin County Association of REALTORS®, Inc. All rights reserved. MLS IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Based on information from the Georgia MLS © 2024. 
Listing Information Copyright 2024 Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS®, Inc. All rights reserved. Information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information being provided is for consumers personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS® Inc. Real estate listings held by brokerage firms other than this broker are governed by MLS Rules and Regulations and detailed information about them includes the name of the listing companies. 
The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of the Greater Alabama Multiple Listing Service, Inc. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the content is not guaranteed accurate by the MLS. There is no express or implied warranty by MLS of the accuracy of information which should be independently verified. The Greater Alabama Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Copyright© 2024 Greater Alabama Multiple Listing Service, Inc. All Rights Reserved.