Mobile, AL Housing Market
AI-powered market intelligence for the Mobile, AL metro area.
PropertyIQ Scores
Mobile, AL Market Analysis
Market Overview
Mobile, AL has a PropertyIQ Score of 33 out of 100, indicating a relatively weak market position by this scoring system. The score reflects cooling price momentum, a median days on market of 63 days, and a 21.7% share of listings with a price cut. The median home value is $197,078, which is below the state average of $241,613 by about $44,500. That lower price point may look attractive on paper, but the score suggests the market is not currently experiencing strong demand or rapid appreciation.
Compared with state benchmarks, Mobile is mixed. The local unemployment rate of 3.3% is slightly better than the state average of 3.4%, but median household income of $58,119 trails the state average of $62,027. The rent index of $1,308 is well above the state average of $963, which stands out as a point of relative strength for rental economics. Overall, the data positions Mobile as a soft to moderate market: lower home prices than the state, but also weaker income and clear signs of slower selling conditions.
Key Trends
One key trend is mixed home value momentum. The 12-month home value momentum is 3.01%, but the 3-month momentum is -0.40%, and the year-over-year home value change is recorded as $0. That combination suggests that any prior 12-month appreciation has stalled in the most recent quarter and has not translated into a dollar gain over the year.
A second trend is slower sales activity. Median days on market is 63 days, and 21.7% of listings have had a price cut. With 1,330 homes for sale, the market appears to offer buyers more time and more negotiating room than a fast-moving market. The elevated days on market and price-cut share are part of the top score drivers and help explain the low PropertyIQ Score of 33.
A third trend is affordability pressure despite a lower median home value. The median home value of $197,078 is below the state average, but median household income is also below the state average at $58,119. The rent index of $1,308 is notably higher than the state average of $963, which may make renting relatively expensive locally even though local incomes are lower than the state benchmark. This divergence matters for both tenants and investors.
A fourth trend is labor market stability. The unemployment rate is 3.3%, slightly lower than the state average of 3.4%. That is a positive underlying factor, but population growth data is not available, so it is difficult to say whether the local buyer pool is expanding or shrinking.
Who Is This Market For
This market may suit first-time buyers looking for a purchase price below the state average, since the median home value is $197,078 compared with the state average of $241,613. However, with median household income at $58,119 and a relatively high rent index of $1,308, local affordability is not as simple as the lower home price alone suggests. First-time buyers may still benefit from slower conditions, because 63 days on market and a 21.7% price-cut share can provide more negotiation leverage.
Long-term rental investors may find the rent index of $1,308 compelling relative to the state average of $963, especially with a stable local unemployment rate of 3.3%. But the weak price momentum and soft score of 33 mean this is not a market for investors seeking quick appreciation or short-term flips. Move-up buyers and sellers may face a more challenging environment, because price cuts and longer days on market suggest buyers have the upper hand and sellers may need to be patient on pricing.
Outlook
The near-term outlook for Mobile is cautious. The 3-month home value momentum of -0.40%, the $0 year-over-year home value change, a median days on market of 63, and a 21.7% share of listings with price cuts all point to continued softness rather than rapid acceleration. The 12-month momentum of 3.01% shows some underlying resilience, but the recent quarterly decline suggests that momentum is fading. Stable employment at 3.3% may support housing demand, but the absence of population growth data limits any stronger conclusion about long-term buyer pool expansion. Based strictly on the available numbers, Mobile is likely to remain a buyer-friendly market in the near term, with modest price pressure and slower sales activity.
AI-generated analysis based on current market data. Last updated September 27, 2026.
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Mobile, AL market data
Mobile, AL Housing Market Overview
Mobile, AL's median home value is $197K, up 3.0% over the past year. Homes here sell in a median 63 days. Its PropertyIQ Score of 33 sits below the state average of 50, marking a market positioned to lag its state over the next three years.
Understanding the Mobile, AL housing market requires looking beyond headline price figures. The PropertyIQ Score reads both sides of market strength: Zillow price momentum across 3- and 12-month windows, and Realtor.com flow signals — days on market and the share of listings with price cuts. Together they predict how this AL metro is set to perform relative to the rest of its state.
Southeastern markets benefit from manufacturing investment, logistics infrastructure, and relative affordability compared to national averages. The region's population growth — driven by both domestic migration and natural increase — supports sustained housing demand across metro and suburban areas. Within the Southeast, Mobile, AL's PropertyIQ Score of 33 runs below the Southeast norm.
The PropertyIQ Score for the Mobile, AL market is built from four inputs: Zillow home-value momentum over twelve months, Zillow home-value momentum over three months, the median days listings spend on the market (Realtor.com), and the share of listings with a price cut (Realtor.com). The score runs on a 1 to 99 scale computed across all metro markets nationally and calibrated so 50 equals the state average — a score above 50 means this market is positioned to outperform its state, and a score below 50 means it is set to lag. Momentum here has been positive, with home values up 3.0% over the past year.
Use PropertyIQ's interactive analytics to compare Mobile, AL against any other US metro on its PropertyIQ Score and underlying metrics. Generate a free AI market report, explore historical trends on the graphs page, or see how this market ranks on the scores dashboard.
Counties in the Mobile, AL metro area
ZIP codes in the Mobile, AL metro area
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Market data through August 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Mobile, AL a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Mobile, AL currently scores 33, a weak-momentum reading that leaves it positioned to lag its state over the next three years. For buyers, cooling demand usually brings more inventory, longer sale times, and real leverage to negotiate on price. Backing that up, the median home value here is $197K, up 3.0% over the past year. So whether Mobile, AL is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Mobile, AL?
Mobile, AL's PropertyIQ Score is 33, indicating weak momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 33 places Mobile, AL below its state benchmark.
Are home prices in Mobile, AL rising or falling?
Home prices in Mobile, AL are rising. Over the past year, the median home value increased 3.0%, reaching $197K. Over the latest three months, values slipped 0.4%, a sign near-term demand is softening. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind Mobile, AL's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in Mobile, AL?
In Mobile, AL, homes sell in a median of 63 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 22% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Mobile, AL market data is refreshed on a monthly cycle, with the latest figures current through August 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.