Mobile, AL Home Values & Market Trends
Real estate market trends reflect that there have been 4,068 transactions over the past year in Mobile. The median value for residential home transactions that occurred over the previous year is $169,257.37. The number of current listings in Mobile is 352, and the percentage of properties for sale in the city is 352.00%. Mobile, AL currently has 142 properties in foreclosure, 40 bank owned properties, 102 properties headed for auction, and 352 properties for sale.
Mobile, AL Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 36695 | $ 275,147 $ 116/sqft | 36610 | $ 34,000 $ 26/sqft |
| 36608 | $ 272,601 $ 145/sqft | 36617 | $ 98,000 $ 57/sqft |
| 36606 | $ 167,747 $ 115/sqft | 36607 | $ 249,279 $ 155/sqft |
| 36609 | $ 199,000 $ 97/sqft | 36612 | $ 63,865 $ 40/sqft |
| 36605 | $ 80,000 $ 65/sqft | 36611 | $ 138,794 $ 78/sqft |
| 36618 | $ 195,000 $ 115/sqft | 36602 | $ 332,347 $ 225/sqft |
| 36693 | $ 266,769 $ 114/sqft | 36603 | $ 209,328 $ 64/sqft |
| 36604 | $ 247,500 $ 148/sqft | 36615 | $ -- $ -- |
| 36619 | $ 183,324 $ 109/sqft |
Housing Market Summary for Mobile, AL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $224.9K | $184.3K | -18.08% |
| Median Sold Price | $176.5K | $184.3K | 4.39% |
| Homes For Sale | 252 | 365 | 44.84% |
| Homes Sold | 2,175 | 1,871 | -13.98% |
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%.
Recently Sold Homes
Explore recent offers and recently sold homes in Mobile, AL
Browse Homes in Mobile, AL
Mobile home values range from $16,211 to $14,702,258. The median estimated value of a home in Mobile is $169,257.37. The median list price of a home is 249,200, and the total count of properties in the city is 88,798.
- Pre-ForeclosurePre-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 OwnedThe median estimated home value of bank owned homes (REO properties) in Mobile, AL ranges from the highest value of $130,442 in 36693 to the lowest value of $23,606 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 8 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions36606 has 18 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 0.11% 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 $255,368 in 36604 to the lowest value of $25,641 in 36604.
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More Real Estate Resources for Mobile, AL
Guide for Mobile, AL
Report of recent trends in Mobile, Alabama’s real estate market, highlighting rising property values, fluctuating sales volumes, and the variations in value and sales figures across neighboring areas as of March 2024.
Birmingham, Alabama’s real estate market is showing a positive growth trend, with increasing average property values from March 2023 to February 2024.
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 […]
Information on foreclosure financing, refinancing, and foreclosure mortgages.
