Is Mobile, AL 36602 a buyer’s or seller’s market?
Mobile is a seller’s market. With about 1.6 months of supply and 0% 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.
The Mobile housing market right now
In the three months ending August 31, 2026, 0% of homes in Mobile, AL 36602 sold above their list price, the typical home went under contract in 87 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 6 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (70 days then) and the median sale price fell 13% to $243,395. Overall, Mobile is less competitive than a year ago, which gives buyers more room.
Within Mobile County, homes here sell more slowly than in 84% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Mobile 36619 (33% sold over asking) and Wilmer 36587 (30% sold over asking) are even more competitive.
Run the numbers for 36602
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 Mobile nearby
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Questions about Mobile real estate
Is Mobile a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Mobile, AL 36602 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 Mobile?
The typical home went under contract in 87 days in the latest three months.
Do homes in Mobile sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 93.4% of the list price.
What are property taxes in Mobile?
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 Mobile?
The median sale price was $243,395 in the three months ending August 31, 2026, about $211 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