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Dynamic.RE · SFR Market Intelligence

Mobile, Alabama Housing Market

Prices, inventory, and demand — distilled every month into one clear verdict: buyer’s market or seller’s. The investor’s read, before you make an offer.

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Data through
Sep 2026
Dynamic.RE Verdict
Buyer's Market
Under 0.90 buyers per home for sale, sellers compete for buyers. Mobile sits at 0.43, with 20% of sellers already cutting their price.
Median list price
$240,063
+0.2%
Demand : Supply
0.43
Days on market
65 days
Time to go under contract

Yes, if you negotiate. Buyers have the upper hand in Mobile right now.

You have the upper hand in Mobile. Most homes for sale still have no buyer. Many sellers have already dropped their price once. Sellers are competing for you. Use it.

01
The market at a glance
Median $ / sqft
$137
Active inventory
886
New listings / mo
310
Days on market
65 days
Price-cut share
20.4%
Pending sales
381
02
Where we are in the cycle
Median asking price
$240,063
6% below the Jul 2025 peak of $254K
Homes for sale
886
2.8× the Apr 2022 low of 316
Days to sell
65 days
2.4× slower than the 27-day May 2022 low
03
The renter economy
42%
Renter share · of occupied homes
13.6%
Vacant homes · all units
$57.3K
Median household income
4.2×
Price-to-income · list ÷ income
04
What this means for investors

How much can you negotiate in Mobile?

Only 43 out of every 100 homes for sale have found a buyer. The other 57 are still waiting. Your offer may be the only one on the table. About 1 in 5 sellers has already dropped their price. Each one has learned their first price was too high. Start below their new price, not their old one.

A typical Mobile home takes 65 days to find a buyer. Half of them take even longer. Those sellers are paying to own a house they want to sell. Search for homes listed 90+ days ago. There are 886 homes for sale in Mobile. That is 2.8 times the tightest month on record, but below the peak of 1,522. Supply is shrinking against last year.

What to do about it

  • Start in 36693, 36604, and 36606. Those are the three softest ZIP codes in Mobile.
  • Filter for homes listed 90+ days ago that have already cut their price.
  • Offer below the reduced price.
  • Keep your inspection and financing contingencies.
  • In 36693 only 14 out of 100 homes have a buyer. You can lose a few offers there and still win.

Is now a good time to buy in Mobile?

Asking prices are 5.5% below their Jul 2025 peak. You are not buying at the top. Prices stopped falling about a year ago. They are flat now. Waiting will not get you a cheaper house. It might still get you a more motivated seller. Mobile prices have risen in 104 of the last 111 months. Drops here have been short and shallow. Buying in a slow month has rarely hurt a long hold.

The discount is already here. It is not getting bigger. Buy now while sellers are still weak. Waiting for a lower price stopped working a year ago.

Who will rent from you in Mobile?

In Mobile, 42 out of every 100 households rent. That is nearly half. That share has held steady for five years. Renter households average 2.2 people. Two and three bedrooms fit the typical renter.

Households held flat in five years. The housing stock shrank 1%. Demand is outrunning supply. 13.6% of homes sit empty. Tenants have options. Budget extra weeks of vacancy between leases.

The median Mobile household earns $57,345 a year. Incomes here have grown 4.1% a year since 2019. Incomes and home prices are rising in step. A typical home costs 4.2 times the median income. That is the national middle. Neither cash flow nor appreciation is free here. A tenant on the median income can pay about $1,434 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast.

That is the market, not your address. Run an address through the app to see its rent estimate and cash flow.

What numbers should you underwrite a Mobile deal with?

  • Price growth to assume — +4.8%/yr. Mobile has grown about 4.8% a year for five years and for ten. That is a durable trend, not a boom artifact. It is a fair long-run input. Prices were flat over the last year.
  • Months of carrying cost — 3. A typical home takes 65 days to sell. Budget that long when you exit or refinance.
  • Odds you cut your price to sell — 1 in 5. About 20% of homes on the Mobile market right now have already cut their asking price. Assume you are one of them when you sell. Do not underwrite an exit at your asking price.
  • Comp on this, not median price — $137/sqft. The average listing runs +22% above the median. Luxury homes skew it. Comp your own size class per sqft.
  • Competition when you exit — -5%. That is how much the number of homes for sale shrank in a year. Your resale will face a smaller crowd than today's comps did.
  • Price-to-income ratio — 4.2×. A typical home costs 4.2 times the median income. That is the national middle. Neither cash flow nor appreciation is free here. Incomes and home prices are rising in step.
  • Tenant rent ceiling — $1,434/mo. 30% of the median household income of $57,345. Rents above this line shrink your tenant pool fast.
05
Frequently asked questions

Is Mobile a buyer's or seller's market in 2026?

Yes, if you negotiate. Buyers have the upper hand in Mobile right now. 43 out of every 100 homes for sale have a buyer, 20% of sellers have cut their price, and a typical home takes 65 days to sell.

Are Mobile home prices going up or down?

Asking prices are 5.5% below their Jul 2025 peak. You are not buying at the top. Prices stopped falling about a year ago. They are flat now. Waiting will not get you a cheaper house. It might still get you a more motivated seller.

What price growth should I assume for Mobile?

Assume +4.8% a year. Mobile has grown about 4.8% a year for five years and for ten. That is a durable trend, not a boom artifact. It is a fair long-run input. Prices were flat over the last year.

How fast are homes selling in Mobile?

A typical Mobile home takes 65 days to find a buyer. Half of them take even longer. Those sellers are paying to own a house they want to sell. Search for homes listed 90+ days ago.

Is Mobile a renters' market or an owners' market?

In Mobile, 42 out of every 100 households rent. That is nearly half. That share has held steady for five years. 13.6% of homes sit empty. Tenants have options. Budget extra weeks of vacancy between leases.

What rent can Mobile tenants afford?

A tenant on the median income can pay about $1,434 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast. The median Mobile household earns $57,345 a year.

Which Mobile ZIP code has the most negotiating room?

36693. Only 14 out of 100 homes there have a buyer. 33% of sellers there have cut their price, and a typical home takes 70 days to sell.

06
ZIP-level detail

Where buyers have the most leverage in Mobile

  • 3669391 for sale · 33% cutting · 70 daysOnly 14 out of 100 homes here have a buyer.
  • 3660449 for sale · 22% cutting · 77 daysOnly 34 out of 100 homes here have a buyer.
  • 3660685 for sale · 20% cutting · 81 daysOnly 41 out of 100 homes here have a buyer.
  • 3660721 for sale · 23% cutting · 50 daysOnly 12 out of 100 homes here have a buyer.
  • 3661721 for sale · 23% cutting · 60 daysOnly 29 out of 100 homes here have a buyer.

Where Mobile prices are climbing fastest

ZIP 36606 is on both lists. That is rare. It is the one place in Mobile where leverage and growth overlap.

ZIP$/sqft, 2 yrs$/sqft nowBuyers per homeFor sale
36611+14.2%$970.3126
36617+11.5%$910.2921
36619+10.5%$1500.8834
36606+10.3%$1430.4185
36605+7.0%$1000.4764

Computed from each ZIP's own ten-year history. ZIPs with fewer than 10 homes for sale are excluded: a median across a handful of listings is noise, not a signal.

Which ZIP codes are in Mobile?

Mobile has 32 ZIP codes. Each links to its live market dashboard.

  • 36601No homes listed for sale right now
  • 366025 for saleToo few listings to read the market. The dashboard has the history.
  • 3660316 for sale · 9% cutting · 93 daysOnly 32 out of 100 homes here have a buyer.
  • 3660449 for sale · 22% cutting · 77 daysOnly 34 out of 100 homes here have a buyer.
  • 3660564 for sale · 12% cutting · 58 daysOnly 47 out of 100 homes here have a buyer.
  • 3660685 for sale · 20% cutting · 81 daysOnly 41 out of 100 homes here have a buyer.
  • 3660721 for sale · 23% cutting · 50 daysOnly 12 out of 100 homes here have a buyer.
  • 36608142 for sale · 18% cutting · 65 daysOnly 46 out of 100 homes here have a buyer.
  • 3660990 for sale · 24% cutting · 51 daysOnly 35 out of 100 homes here have a buyer.
  • 3661021 for sale · 11% cutting · 80 daysOnly 21 out of 100 homes here have a buyer.
  • 3661126 for sale · 23% cutting · 49 daysOnly 31 out of 100 homes here have a buyer.
  • 366124 for saleToo few listings to read the market. The dashboard has the history.
  • 36615No homes listed for sale right now
  • 36616No homes listed for sale right now
  • 3661721 for sale · 23% cutting · 60 daysOnly 29 out of 100 homes here have a buyer.
  • 3661843 for sale · 17% cutting · 46 daysOnly 50 out of 100 homes here have a buyer.
  • 3661934 for sale · 26% cutting · 62 daysOnly 88 out of 100 homes here have a buyer.
  • 36633No homes listed for sale right now
  • 36640No homes listed for sale right now
  • 36644No homes listed for sale right now
  • 36652No homes listed for sale right now
  • 36660No homes listed for sale right now
  • 36663No homes listed for sale right now
  • 36670No homes listed for sale right now
  • 36671No homes listed for sale right now
  • 36675No homes listed for sale right now
  • 36685No homes listed for sale right now
  • 36688No homes listed for sale right now
  • 36689No homes listed for sale right now
  • 36691No homes listed for sale right now
  • 3669391 for sale · 33% cutting · 70 daysOnly 14 out of 100 homes here have a buyer.
  • 36695174 for sale · 19% cutting · 63 daysOnly 63 out of 100 homes here have a buyer.
07
Where else to look

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