What is the typical home value in Mobile - AL?

The typical home in Mobile - AL, AL is worth $197,857 as of the most recent Zillow Home Value Index reading. Year over year the value has changed by -0.4%.

How long do homes stay on the market in Mobile - AL?

The median days to pending (time on market before a sale) in Mobile - AL is currently 24 days. Shorter days on market indicate a seller's market; longer days indicate more buyer leverage.

Are sellers cutting prices in Mobile - AL?

25.2% of active listings in Mobile - AL have had a price reduction. This is a signal of softening seller expectations relative to buyer demand.

Is Mobile - AL a buyer's or seller's market?

Based on days-on-market, price-cut share, and year-over-year appreciation, Mobile - AL is currently a balanced market. Buyers should watch days-on-market and price-cut trends monthly.

Mobile - AL Housing Market | Home Values & Trends

How to read this data

The typical home value ($197,857) is the Zillow Home Value Index for the Mobile - AL metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are down 0.4% over the past year. A home worth $198,652 last year is now worth roughly $197,857.

The median sale price , what homes actually close for , is $215,364. Homes are selling at 96.9% of list price, meaning buyers have room to negotiate.

Homes listed in Mobile - AL sit on the market for roughly 24 days before going pending. Shorter = seller's market; longer = buyer's market.

About 25.2% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 496 new listings hit the market each month in Mobile - AL. There are currently 1,772 homes for sale, down 3.0% from a year ago.

The typical monthly rent in Mobile - AL is $1,323, up 2.6% year over year. For investors, the price-to-rent ratio here is roughly 12x annual rent.