$6,709 Closing Credit*
$565,000
4 Beds
•4 Full Baths, 1 Partial
Frances Johnson, Listing Office: Grand Nova Properties, LLC
Is Mobile, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Mobile was a Seller's Market.
Key Takeaway
Mobile is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mobile, AL
How much do homes in Mobile, AL cost?
Median Sold Price
$245,250
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,750(+6.4%)
Key Takeaway
Homes in Mobile have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Mobile was $245,250 in November 2024, up 6.4% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $104.8K | $140K | +33.5% |
| 2 Bedrooms | $152.9K | $162.5K | +6.3% |
| 3 Bedrooms | $209.9K | $215.3K | +2.6% |
| 4 Bedrooms | $325K | $326.5K | 0.5% |
| 5+ Bedrooms | $450K | $499.9K | +11.1% |
Summary: Mobile housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.5%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 11.1%.
Housing Supply in Mobile, AL
How many homes are available in Mobile, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,047 | 1,229 | +17.4% |
Summary: The Mobile real estate market had 1,229 homes for sale in November 2024, a 17.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 19 | +46.2% |
| 2 Bedrooms | 88 | 104 | +18.2% |
| 3 Bedrooms | 517 | 604 | +16.8% |
| 4 Bedrooms | 345 | 410 | +18.8% |
| 5+ Bedrooms | 84 | 92 | +9.5% |
Summary: The Mobile housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 46.2%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 16.8%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 9.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 61 | 67 | +9.8% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mobile, you may be able to get a good deal. 69.1% of homes here sold below asking price last month.
Summary: A total of 67 homes were sold or pending in Mobile in November 2024, up by 9.8% month-over-month. Of the 55 sold homes, 69% were sold under asking, 15% were sold at asking, and 16% were sold over asking.
Days on Market for Mobile, AL
How long does it take to sell a home in Mobile, AL?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mobile has remained consistent over time.
Summary: During November 2024, 67 homes were sold in Mobile; 0% 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.
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