Mobile, AL metro area Housing Market
Cool MarketComprehensive housing market data for the Mobile, AL metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$240K
↑ 5.0% YoY
Days on Market
53 days
↑ 12.8% YoY
Active Inventory
1,464
↑ 9.3% YoY
Homes Sold
410
↑ 16.8% YoY
Cool Market
Buyer activity is slowing, creating more negotiating room.
Mobile, AL metro area Market Summary
The Mobile, AL metro area housing market is cooling down. As of March 2026, the median home sale price is $240K, up 5.0% year-over-year. Homes are spending a median of 53 days on the market, 12.8% longer than a year ago.
There are 1,464 homes for sale — 9.3% more than last year. With 3.6 months of supply, this is a seller's market. 643 new listings were added during this period, up 29.6% year-over-year.
Homes are selling for 97.4% of their list price on average, suggesting room for negotiation. 23.7% of homes sell above their asking price. 29.6% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
73
Contributing Factors
How This Market Compares
vs. National Median
vs. Alabama Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 45% below the national median, which could indicate stronger cash flow potential.
Mobile, AL metro area Market Trends
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Detailed Market Metrics
Median List Price
$255K
Price per Sq Ft
$149
Sale-to-List Ratio
97.4%
Months of Supply
3.6
Sold Above List
23.7%
Price Drops
29.6%
New Listings
643
↑ 29.6% YoY
Pending Sales
570
Off Market in 2 Weeks
32.3%
Other Markets in Alabama
Birmingham, AL metro area
$319K · 56d on market
Huntsville, AL metro area
$332K · 92d on market
Daphne, AL metro area
$380K · 78d on market
Montgomery, AL metro area
$275K · 67d on market
Tuscaloosa, AL metro area
$278K · 50d on market
Auburn, AL metro area
$342K · 36d on market
Decatur, AL metro area
$253K · 68d on market
Florence, AL metro area
$246K · 52d on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.