Fairhope, AL Home Values & Market Trends

Real estate market trends reflect that there have been 1,102 transactions over the past year in Fairhope. The median value for residential home transactions that occurred over the previous year is $484,467.05. The number of current listings in Fairhope is 144, and the percentage of properties for sale in the city is 144.00%. Fairhope, AL currently has 4 properties in foreclosure, 1 bank owned properties, 3 properties headed for auction, and 144 properties for sale.

Fairhope, AL Real Estate Market Overview

ZipMedian Est. Value
36532

$ 521,135

$ 226/sqft

Housing Market Summary for Fairhope, AL

Jun 2023May 2024Change
Median Listing Price$569K$525K-7.73%
Median Sold Price$435.6K$451.9K3.74%
Homes For Sale59118100.00%
Homes Sold463433-6.48%
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 Fairhope, AL

Fairhope home values range from $26,453 to $16,502,752. The median estimated value of a home in Fairhope is $484,467.05. The median list price of a home is 514,900, and the total count of properties in the city is 16,066.

Foreclosure
There is 1 zips within Fairhope, AL; within this zips, the median estimated home value for homes in foreclosure ranges from $694,571 in 36532 to the lowest value of $373,831 in 36532. Foreclosure homes account for 0.00% of properties in Fairhope, AL with 36532 containing 4 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Fairhope, AL with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Fairhope, AL; of that 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 Fairhope, AL ranges from the highest value of $448,425 in 36532 to the lowest value of $448,425 in 36532. Bank owned homes and properties account for 0.01% of properties in Fairhope, AL. There is 1 zips within Fairhope, AL; 36532 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    36532 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of Fairhope, AL. Auction homes and other auction properties account for 0.02% of all properties in Fairhope, AL. There is 1 zips within Fairhope, AL; of that zips, the median estimated home value for homes going to auction ranges from $694,571 in 36532 to the lowest value of $373,831 in 36532.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.90% of residential properties in Fairhope, AL with 36532 containing 144 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Fairhope, AL; homes for sale in that zips, have a range of median values from $4,875,000 in 36532 to the lowest value of $183,201 in 36532.
    Sold Homes
    The median value for recently sold homes ranges from $4,299,137 in 36532 to the lowest price of $49,759 in 36532. There is 1 zips within Fairhope, AL. 36532 has 478 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.98% of properties in Fairhope, AL.

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      Guide for Fairhope, AL

      Alabama
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      Alabama
      Montgomery Real Estate Ascends: Average Property Values Climb 4% from June 2023 to May 2024
      Kentucky
      Mobile’s Real Estate Market Shows Promising Growth Despite Sales Dip in March 2024
      Kentucky
      Birmingham, Alabama – Real Estate Market Snapshot March 2024
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      Mobile, AL real estate experienced rising property values, fluctuating sale prices, and increased per square foot value from June 2023 to May 2024.

      Montgomery Real Estate Ascends: Average Property Values Climb 4% from June 2023 to May 2024
      Alabama|posted 13 June 2024

      Montgomery, AL real estate saw a 4% growth in average property value from June 2023 to May 2024, raising from $181k to $188.5k.

      Mobile’s Real Estate Market Shows Promising Growth Despite Sales Dip in March 2024
      Kentucky|posted 17 April 2024

      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 – Real Estate Market Snapshot March 2024
      Kentucky|posted 20 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.

      Recently Listed Homes Fairhope, AL

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