$3,323 Closing Credit*
$279,850
3 Beds
•2 Full Baths
Chad Nassar, Listing Office: IXL Real Estate LLC
Is Mobile County, 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 County was a Seller's Market.
Key Takeaway
Mobile County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mobile County, AL
How much do homes in Mobile County, AL cost?
Median Sold Price
$243,488
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$3,488(+1.5%)
Key Takeaway
Homes in Mobile County have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Mobile County was $243,488 in October 2024, up 1.5% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $105K | $139K | +32.4% |
| 2 Bedrooms | $152.4K | $165K | +8.2% |
| 3 Bedrooms | $218.5K | $219.6K | 0.5% |
| 4 Bedrooms | $325K | $325K | 0.0% |
| 5+ Bedrooms | $460K | $467.5K | +1.6% |
Summary: Mobile County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.4%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 0.5%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 1.6%.
Median Sold Price Compared To Nearby Counties
| Baldwin County | $380.6K | $386.9K | +1.6% |
| Mobile County | $240K | $243.4K | +1.5% |
Housing Supply in Mobile County, AL
How many homes are available in Mobile County, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1,459 | 1,874 | +28.4% |
Summary: The Mobile County real estate market had 1,874 homes for sale in October 2024, a 28.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 20 | 21 | +5.0% |
| 2 Bedrooms | 119 | 152 | +27.7% |
| 3 Bedrooms | 747 | 960 | +28.5% |
| 4 Bedrooms | 457 | 599 | +31.1% |
| 5+ Bedrooms | 116 | 142 | +22.4% |
Summary: The Mobile County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 27.7%, 3 bedroom homes increased by 28.5%, 4 bedroom homes increased by 31.1%, and 5+ bedroom homes increased by 22.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 73 | 84 | +15.1% |
Asking Price vs. Sold Price
48 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mobile County, you may be able to get a good deal. 63.2% of homes here sold below asking price last month.
Summary: A total of 84 homes were sold or pending in Mobile County in October 2024, up by 15.1% month-over-month. Of the 76 sold homes, 63% were sold under asking, 18% were sold at asking, and 18% were sold over asking.
Days on Market for Mobile County, 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.
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. 