Is Theodore, AL 36582 a buyer’s or seller’s market?
Theodore is a seller’s market. With about 2.4 months of supply and 26% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 65% of U.S. ZIP codes, and #13 of 249 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Theodore housing market right now
In the three months ending August 31, 2026, 26% of homes in Theodore, AL 36582 sold above their list price, the typical home went under contract in 36 days and there were 2.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 94 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 18%, homes sold faster (49 days then) and the median sale price rose 2% to $229,351. Overall, Theodore is more competitive than a year ago, so tougher for buyers.
Within Mobile County, homes here sell faster than in 71% of the county’s ZIP codes, and sell more often over asking than in 87%. On our competition score, Theodore ranks #13 of 249 AL ZIP codes with enough sales (score 62 out of 100).
Nearby, buyers who want less competition could look at Mobile 36612 (0% sold over asking) or Mobile 36607 (0% sold over asking), while Mobile 36619 (33% sold over asking) and Wilmer 36587 (30% sold over asking) are even more competitive.
Run the numbers for 36582
Nearby markets
Axis 36505Buyer’s market $175 /sq ftBayou La Batre 36509Balanced $112 /sq ftChunchula 36521Balanced $148 /sq ftCitronelle 36522Buyer’s market $113 /sq ft Browse all markets →Towns like Theodore nearby
Find towns like Theodore in other states →Where Theodore is
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Questions about Theodore real estate
Is Theodore a buyer’s or seller’s market?
A seller’s market: there were 2.4 months of supply in Theodore, AL 36582 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Theodore?
The typical home went under contract in 36 days in the latest three months.
Do homes in Theodore sell over asking?
26% of homes sold above their original list price, and the typical sale closed at 99.4% of the list price.
What are property taxes in Theodore?
About 0.47% of a home’s value a year in Mobile County, or roughly $1,880 on a $400,000 home.
What is the median home price in Theodore?
The median sale price was $229,351 in the three months ending August 31, 2026, about $153 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology