36602
Mobile, Alabama

The 36602 ZIP code reports a median sale price of $302,500 as of February 2026, reflecting a -2.4% decline year-over-year in a market showing clear deceleration. Properties average 96 days on market, well above the typical 30-45 day benchmark for balanced conditions. Notably, zero homes are selling above list price, indicating buyers face minimal competition and hold negotiating leverage in most transactions.

This environment favors patient buyers with financing secured who can exploit the extended marketing periods and lack of competitive bidding. The 96-day absorption rate allows for thorough due diligence and price negotiation below ask. Sellers face headwinds and should avoid this market unless relocation or financial circumstances force transactions, as the -2.4% price erosion and three-month average marketing time suggest unfavorable exit conditions.

The PropIQ intelligence score of 45 signals caution, placing this ZIP in the bottom half of market performance metrics. The combination of negative price momentum, extended days on market, and zero above-ask sales suggests continued softness through mid-2026. Buyers should monitor whether days on market extend beyond 100 or price declines accelerate past -3%, either of which would indicate further deterioration requiring additional pricing concessions.