Is Theodore, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Theodore was a Seller's Market.
Key Takeaway
Theodore is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Theodore, AL
How much do homes in Theodore, AL cost?
Median Sold Price
$240,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Theodore have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in Theodore was $240,000 in May 2024, up 2.8% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $330K | N/A |
| 2 Bedrooms | $28K | - | N/A |
| 3 Bedrooms | $188.5K | $211.5K | +12.2% |
| 4 Bedrooms | $336K | $359.9K | +7.1% |
| 5+ Bedrooms | $500K | $420K | -16.0% |
Summary: Theodore housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 16%.
Housing Supply in Theodore, AL
How many homes are available in Theodore, AL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 74 | 111 | +50.0% |
Summary: The Theodore real estate market had 111 homes for sale in May 2024, a 50.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 6 | +100.0% |
| 3 Bedrooms | 45 | 60 | +33.3% |
| 4 Bedrooms | 17 | 32 | +88.2% |
| 5+ Bedrooms | 9 | 13 | +44.4% |
Summary: The Theodore housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 88.2%, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Theodore, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Theodore in May 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Theodore, AL
We’re sorry, we don't have information for this market at the moment
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