Mobile, AL Foreclosures
How much do homes sell for in Mobile, AL?
The average home price is currently $209,578.
In Mobile, AL, how many homes are available?
There are currently 2 active home listings available in Mobile.
What’s the average rental cost in Mobile, AL?
The average rental price in Mobile is $1,131.
What is the most expensive home in Mobile?
The most expensive home sold in Mobile had a price of $46,654,488.
What is currently the cheapest priced home in Mobile, AL?
The cheapest home for sale in Mobile is priced at $9,628.
Living in Mobile, AL
Mobile, Alabama combines Southern charm with a vibrant urban scene. Known for its rich history and beautiful coastal setting, Mobile is home to many cultural attractions, outdoor activities, and a welcoming community. Residents enjoy a variety of recreational opportunities and a lively atmosphere throughout the year.
Current Market Conditions in Mobile, AL
The real estate market in Mobile has shown resilience even during challenging economic times, with home prices appreciating steadily. Buyers are attracted to the city's low cost of living and quality of life, resulting in a competitive market. Inventory levels have been moderately low, creating a favorable environment for sellers, while first-time homebuyers continue to seek affordable options.
Recently, there has been an increase in new construction homes, which reflects the demand for modern amenities and energy-efficient designs. The market is characterized by diversity, offering historic homes, sprawling suburban developments, and coastal properties.
Home Value Estimator For Mobile, AL
There are currently 85,473 real estate properties
in Mobile, AL,
with a median automated valuation model (AVM) price
of $177,658.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Mobile, AL, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Mobile, AL,
is $209,578.00, with the most expensive house
in Mobile, AL, topping out
at $46,654,488.00 and the cheapest home
in Mobile, AL,
clocking in at $9,628.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Mobile, AL!
Rent Prices
In Mobile, AL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Mobile, AL, is on
a rollercoaster ride. The
average rent price in Mobile, AL,
is $1,131.00. Indeed, when looking to rent in
Mobile, AL, you can expect to pay as little
as $450.00 or as much
as $3,600.00,
with the average rent median estimated to
be $1,110.00. The good news is that finding
an affordable and desirable property to rent in Mobile, AL
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
