36518
Mobile, Alabama

The 36518 ZIP code in Mobile, AL shows a median sale price of $303,500 as of February 2026, marking a significant 10.5% decline year-over-year. Properties are averaging 136.5 days on market, well above typical market velocity benchmarks and indicating weakened demand. Notably, zero homes have sold above list price in the current period, confirming buyer leverage in negotiations and suggesting sellers are making concessions to close transactions.

This environment favors patient buyers with financing secured who can capitalize on the 10.5% price correction and extended negotiation windows created by the 136-day DOM average. Investors seeking value plays may find opportunity, though the downward price trajectory requires careful underwriting of holding costs during the 4.5-month marketing period. Sellers face pressure and should avoid this market unless relocation or financial circumstances require immediate liquidation despite unfavorable pricing dynamics.

The PropIQ score of 45 out of 100 signals caution and suggests continued price softness ahead without clear stabilization indicators. The combination of falling prices, extended marketing times, and zero above-list sales points to further downward pressure until inventory absorption improves. Market participants should monitor month-over-month DOM trends and the emergence of any above-list sales as early signals of a potential bottom formation in this ZIP code.