$1,780 Closing Credit*
$149,900
3 Beds
•1 Full Bath
Semra Nieves, Listing Office: EXIT Realty Lyon & Assoc.Fhope
Is Fairhope, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Fairhope has remained a Seller's Market.
Key Takeaway
Fairhope is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fairhope, AL
How much do homes in Fairhope, AL cost?
Median Sold Price
$491,094
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$33,831(+7.4%)
Key Takeaway
Homes in Fairhope have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Fairhope was $491,094 in October 2024, up 7.4% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $355.7K | $369.2K | +3.8% |
| 2 Bedrooms | $300K | $355K | +18.3% |
| 3 Bedrooms | $409K | $435K | +6.4% |
| 4 Bedrooms | $515K | $522K | +1.4% |
| 5+ Bedrooms | $802.5K | $699K | -12.9% |
Summary: Fairhope housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 18.3%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 12.9%.
Median Sold Price Compared To Nearby Cities
| Fairhope | $457.2K | $491K | +7.4% |
| Daphne | $341.5K | $340K | -0.4% |
Housing Supply in Fairhope, AL
How many homes are available in Fairhope, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 474 | 491 | +3.6% |
Summary: The Fairhope real estate market had 491 homes for sale in October 2024, a 3.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 49 | 50 | +2.0% |
| 3 Bedrooms | 170 | 199 | +17.1% |
| 4 Bedrooms | 196 | 186 | -5.1% |
| 5+ Bedrooms | 59 | 56 | -5.1% |
Summary: The Fairhope housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 17.1%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes decreased by 5.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 69 | 89 | +29.0% |
Asking Price vs. Sold Price
61 Homes Were Sold
Under Asking
20 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. 70.1% of homes here sold below asking price last month.
Summary: A total of 89 homes were sold or pending in Fairhope in October 2024, up by 29.0% month-over-month. Of the 87 sold homes, 70% were sold under asking, 23% were sold at asking, and 7% were sold over asking.
Days on Market for Fairhope, AL
We’re sorry, we don't have information for this market at the moment
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.
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.
Based on information from the Georgia MLS © 2024.