$3,323 Closing Credit*
$279,850
3 Beds
•2 Full Baths
Chad Nassar, Listing Office: IXL Real Estate LLC
Is Mobile, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$244,883
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,883(+5.6%)
Key Takeaway
Homes in Mobile have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Mobile was $244,883 in October 2024, up 5.6% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $104.8K | $139K | +32.6% |
| 2 Bedrooms | $150K | $163K | +8.7% |
| 3 Bedrooms | $209K | $215K | +2.9% |
| 4 Bedrooms | $320K | $335K | +4.7% |
| 5+ Bedrooms | $450K | $520K | +15.6% |
Summary: Mobile housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.6%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 15.6%.
Median Sold Price Compared To Nearby Cities
| Tanner Williams | $240K | $269.9K | +12.5% |
| Mobile | $232K | $244.8K | +5.6% |
Housing Supply in Mobile, AL
How many homes are available in Mobile, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 949 | 1,244 | +31.1% |
Summary: The Mobile real estate market had 1,244 homes for sale in October 2024, a 31.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 14 | +7.7% |
| 2 Bedrooms | 83 | 108 | +30.1% |
| 3 Bedrooms | 474 | 620 | +30.8% |
| 4 Bedrooms | 302 | 403 | +33.4% |
| 5+ Bedrooms | 77 | 99 | +28.6% |
Summary: The Mobile housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 30.1%, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 33.4%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 55 | 61 | +10.9% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mobile, you may be able to get a good deal. 64.8% of homes here sold below asking price last month.
Summary: A total of 61 homes were sold or pending in Mobile in October 2024, up by 10.9% month-over-month. Of the 54 sold homes, 65% were sold under asking, 22% were sold at asking, and 13% were sold over asking.
Days on Market for Mobile, 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.
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. 