Mobile, AL Real Estate & Property Data

Mobile Real Estate Market Trends
Last Updated: April 18, 2024

To gain a better understanding of the real estate market in Mobile, AL, it is essential to have accurate and comprehensive real estate data. ATTOM provides up-to-date real estate data for Mobile, which is refreshed on a daily basis. Based on the latest market trends, a total of 2,918 residential properties have been sold in Mobile, AL over the past year, with a median home price of $190,000 and 44 foreclosure filings. Additionally, the 2022 effective property tax rate in Mobile is 0.54%. To find more detailed property data for Mobile, Alabama, look no further than ATTOM.

Mobile Real Estate Market Trends
Total Residential Properties 91,918
Total Commercial Properties 8,778
Avg. Home Age (Single Family Home) 38 Years
Avg. Square Feet (Single Family Home) 1,927
Total 2024 Residential Sales (year-to-date) 185
% of Homes Seriously Underwater (Q2 2024) 1.63%
Total 2023 Residential Sales 2,929
% of Equity Rich Homes (Q2 2024) 23.16%
Effective 2023 Property Tax 0.54%
Total Foreclosure Filings (year-to-date) 96
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Mobile, AL Real Estate Overview

A total of 2,918 residential properties have been sold in Mobile, AL over the past year, with a median home price of $165,566. There are currently 91,918 residential properties in Mobile, AL, which can be further analyzed by looking at the 17 zip codes and 4829 streets encompassing the city.

Median Sales Price i
$190,000
(Feb 2024)
+1.1%
year-over-year
y-o-y
  • February '24 Feb '24 $190,000
  • January '24 Jan '24 $225,000
  • December '23 Dec '23 $240,000
  • November '23 Nov '23 $208,000
  • October '23 Oct '23 $222,000
  • September '23 Sep '23 $213,000
  • August '23 Aug '23 $202,500
  • July '23 Jul '23 $235,000
  • June '23 Jun '23 $228,500
  • May '23 May '23 $235,000
  • April '23 Apr '23 $220,000
  • March '23 Mar '23 $210,000
Median Down Payment i
$18,793
(Feb 2024)
+47.6%
year-over-year
y-o-y
  • February '24 Feb '24 $18,793
  • January '24 Jan '24 $14,213
  • December '23 Dec '23 $16,854
  • November '23 Nov '23 $23,319
  • October '23 Oct '23 $24,884
  • September '23 Sep '23 $21,750
  • August '23 Aug '23 $15,000
  • July '23 Jul '23 $24,500
  • June '23 Jun '23 $13,000
  • May '23 May '23 $11,587
  • April '23 Apr '23 $16,750
  • March '23 Mar '23 $17,000
Number of Homes Sold i
84
(Feb 2024)
-58.6%
year-over-year
y-o-y
  • February '24 Feb '24 84
  • January '24 Jan '24 101
  • December '23 Dec '23 140
  • November '23 Nov '23 226
  • October '23 Oct '23 262
  • September '23 Sep '23 238
  • August '23 Aug '23 282
  • July '23 Jul '23 256
  • June '23 Jun '23 309
  • May '23 May '23 293
  • April '23 Apr '23 215
  • March '23 Mar '23 309
Number of Purchase Loans i
177
(Feb 2024)
-13.7%
year-over-year
y-o-y
  • February '24 Feb '24 177
  • January '24 Jan '24 154
  • December '23 Dec '23 178
  • November '23 Nov '23 216
  • October '23 Oct '23 206
  • September '23 Sep '23 211
  • August '23 Aug '23 249
  • July '23 Jul '23 264
  • June '23 Jun '23 276
  • May '23 May '23 257
  • April '23 Apr '23 218
  • March '23 Mar '23 252
Number of REFI Loans i
178
(Feb 2024)
+23.6%
year-over-year
y-o-y
  • February '24 Feb '24 178
  • January '24 Jan '24 193
  • December '23 Dec '23 155
  • November '23 Nov '23 161
  • October '23 Oct '23 179
  • September '23 Sep '23 146
  • August '23 Aug '23 182
  • July '23 Jul '23 134
  • June '23 Jun '23 143
  • May '23 May '23 129
  • April '23 Apr '23 128
  • March '23 Mar '23 152
Number of HELOC Loans i
50
(Feb 2024)
-26.5%
year-over-year
y-o-y
  • February '24 Feb '24 50
  • January '24 Jan '24 58
  • December '23 Dec '23 55
  • November '23 Nov '23 67
  • October '23 Oct '23 100
  • September '23 Sep '23 90
  • August '23 Aug '23 77
  • July '23 Jul '23 70
  • June '23 Jun '23 68
  • May '23 May '23 78
  • April '23 Apr '23 74
  • March '23 Mar '23 69

Mobile, AL Real Estate Market Overview

Last 30 days
  • Zip
    Median Est. Value
  • Zip
    Median Est. Value
  • Zip
    Median Est. Value

Mobile, AL Foreclosure Activity

There were a total of 44 Mobile, AL properties with a foreclosure filing in February 2024. Lenders started the foreclosure process on 44 Mobile, AL properties and repossessed 4 Mobile, AL properties through completed foreclosures (REOs) in February 2024.

Total Foreclosure Filings i
44
(Feb 2024)
+780%
year-over-year
y-o-y
  • February '24 Feb '24 44
  • January '24 Jan '24 52
  • December '23 Dec '23 20
  • November '23 Nov '23 35
  • October '23 Oct '23 36
  • September '23 Sep '23 33
  • August '23 Aug '23 30
  • July '23 Jul '23 28
  • June '23 Jun '23 49
  • May '23 May '23 18
  • April '23 Apr '23 7
  • March '23 Mar '23 10
Foreclosure Starts i
44
(Feb 2024)
+780%
year-over-year
y-o-y
  • February '24 Feb '24 44
  • January '24 Jan '24 52
  • December '23 Dec '23 20
  • November '23 Nov '23 35
  • October '23 Oct '23 36
  • September '23 Sep '23 33
  • August '23 Aug '23 30
  • July '23 Jul '23 28
  • June '23 Jun '23 49
  • May '23 May '23 18
  • April '23 Apr '23 7
  • March '23 Mar '23 10
Completed Foreclosures (REOs) i
4
(Feb 2024)
-60%
year-over-year
y-o-y
  • February '24 Feb '24 4
  • January '24 Jan '24 3
  • December '23 Dec '23 9
  • November '23 Nov '23 6
  • October '23 Oct '23 12
  • September '23 Sep '23 10
  • August '23 Aug '23 12
  • July '23 Jul '23 4
  • June '23 Jun '23 9
  • May '23 May '23 5
  • April '23 Apr '23 6
  • March '23 Mar '23 5
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