The housing market in Mobile continues to see strong price appreciation, with values up 39.8% compared to last year. Home prices have decreased 21.7% in the past month. With 5 active listings, inventory is 150% higher than seasonal norms. Properties are selling within just 21 days on average, much faster than the historical norm of 61 days. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Mobile market with the affordability index at 7.5. Based on current market indicators, home prices in Mobile are projected to increase by approximately 7.4% over the next month.
Mobile, AL has a total population of 196,330 residents. White residents make up 42.2% of the population, African American residents comprise 49.5% of the community. This creates a relatively diverse demographic makeup for the area. As a large population center, Mobile, AL offers diverse community resources and amenities.
Crime analysis for Mobile, AL shows 2,556 total incidents across all categories. The most prevalent crime type is Property Crime (48.2% of all incidents). This is followed by Assault at 43.5%. The overall crime rate in Mobile, AL is relatively high, with violent crimes being more common than property crimes. Residents and visitors should remain aware of their surroundings and take appropriate safety precautions.
Market predictions for Mobile, AL show relatively stable home prices with minimal change (-1.3%) over the recent period. This suggests a gradual price adjustment in the market. The current median home price in Mobile, AL is approximately $206,712.566. The stable price trend suggests a balanced market in Mobile, AL, suitable for both buyers and sellers.
Mobile, AL features 8 investment hotspots with varying levels of activity. The average nightly rate of $114 suggests an affordable market for travelers. The average rating of 3.6/5 indicates moderate guest satisfaction. With an average hotspot score of 0.70, these areas show good investment opportunities. With 65 hotels, the area has a moderate level of accommodation options.
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