Fairhope, AL
Housing market overview · Updated weekly
$520,000median sale price
Homes sold
33
Last 12 weeks
Days on market
59
Average pace
Active listings
197
6.0 months supply
Sale-to-list
96.9%
Below asking
The Fairhope housing market is currently classified as a buyer's market with a median sale price of $520,000. Prices have fallen 11.8% compared to last year, with homes spending an average of 59 days on market, indicating 6.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
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Frequently asked questions
What is the average home price in Fairhope?
The median home sale price in Fairhope is $520,000, down 11.8% from last year.
How long do homes stay on market in Fairhope?
Homes typically spend 59 days on market before going under contract.
Is Fairhope a buyer's or seller's market?
With 6.0 months of supply, Fairhope is currently a buyer's market.
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