Mobile, AL Home Values & Market Trends

Real estate market trends reflect that there have been 4,219 transactions over the past year in Mobile. The median value for residential home transactions that occurred over the previous year is $158,004.94. The number of current listings in Mobile is 362, and the percentage of properties for sale in the city is 362.00%. Mobile, AL currently has 152 properties in foreclosure, 42 bank owned properties, 110 properties headed for auction, and 362 properties for sale.

Mobile, AL Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
36695

$ 265,372

$ 115/sqft

36610

$ 30,799

$ 24/sqft

36608

$ 236,209

$ 132/sqft

36617

$ 69,106

$ 47/sqft

36605

$ 82,547

$ 59/sqft

36611

$ 99,900

$ 73/sqft

36619

$ 168,012

$ 96/sqft

36607

$ 204,900

$ 113/sqft

36609

$ 199,000

$ 104/sqft

36603

$ 103,473

$ 70/sqft

36618

$ 187,869

$ 97/sqft

36612

$ 47,633

$ 40/sqft

36606

$ 159,900

$ 102/sqft

36602

$ 394,816

$ 234/sqft

36604

$ 225,000

$ 121/sqft

36615

$ --

$ --

36693

$ 259,000

$ 108/sqft

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Housing Market Summary for Mobile, AL

Mar 2023February 2024Change
Median Listing Price$210.1K$160.7K-23.53%
Median Sold Price$178.1K$160.7K-9.77%
Homes For Sale27236534.19%
Homes Sold2,2852,130-6.78%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Mobile, AL

Mobile home values range from $10,226 to $14,275,622. The median estimated value of a home in Mobile is $158,004.94. The median list price of a home is 239,950, and the total count of properties in the city is 88,792.

Foreclosure
There are 17 zips within Mobile, AL; within these zips, the median estimated home value for homes in foreclosure ranges from $594,130 in 36605 to the lowest value of $21,930 in 36605. Foreclosure homes account for 0.00% of properties in Mobile, AL with 36605 containing 22 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Mobile, AL with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 17 zips within Mobile, AL; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Mobile, AL ranges from the highest value of $134,814 in 36693 to the lowest value of $35,140 in 36617. Bank owned homes and properties account for 0.05% of properties in Mobile, AL. There are 17 zips within Mobile, AL; 36605 containing 10 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    36608 has 16 auction properties, the highest number of properties going to auction in a single zip in the state of Mobile, AL. Auction homes and other auction properties account for 0.12% of all properties in Mobile, AL. There are 17 zips within Mobile, AL; of those zips, the median estimated home value for homes going to auction ranges from $650,659 in 36695 to the lowest value of $21,930 in 36695.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.41% of residential properties in Mobile, AL with 36695 containing 88 homes for sale, the highest number of listed properties in a single zip. There are 17 zips within Mobile, AL; homes for sale in those zips, have a range of median values from $560,000 in 36602 to the lowest value of $19,156 in 36610.
    Sold Homes
    The median value for recently sold homes ranges from $651,381 in 36602 to the lowest price of $16,157 in 36602. There are 17 zips within Mobile, AL. 36695 has 337 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.34% of properties in Mobile, AL.

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      Guide for Mobile, AL

      Home Buying Tools
      Federal Eviction Ban Overturned. Here’s Why
      A Luxury Mansion
      Investing Strategies
      Winning A Luxury Real Estate Auctions: Key Tips
      California
      Fremont Property Market Calms After 2023 Highs; Stabilizes Early 2024 with Peak Median Value at $1.42M
      California
      Santa Ana – An In-Depth Look at Price Fluctuations in 2023-2024
      See More Articles
      Federal Eviction Ban Overturned. Here’s Why
      Home Buying Tools|posted 5 June 2021

      Last month we asked if it was possible that eviction moratoriums from the federal government were illegal. “If you’re a real estate investor with rental properties you depend on monthly rental payments to cover the mortgage, taxes, repairs, and other costs. But what happens if the government says, nope, you can’t evict tenants who don’t […]

      A Luxury Mansion
      Winning A Luxury Real Estate Auctions: Key Tips
      Investing Strategies|posted 1 March 2024

      A few quick tips to prepare you for selling a luxury home at auction

      Fremont Property Market Calms After 2023 Highs; Stabilizes Early 2024 with Peak Median Value at $1.42M
      California|posted 1 March 2024

      The Fremont, California real estate market experienced considerable fluctuation throughout 2023 and into 2024, with significant peaks and stabilization across various parameters.

      Santa Ana – An In-Depth Look at Price Fluctuations in 2023-2024
      California|posted 1 March 2024

      Santa Ana’s real estate market thrives with fluctuating median property values and diverse submarkets. Recent trends indicate potential opportunities for investors with varied budgets despite market volatility, enhanced by Santa Ana’s comparatively low foreclosure rates and value-for-money square foot pricing.