36695
Mobile, Alabama

The 36695 ZIP code in Mobile posted a median sale price of $279,500 as of February 2026, marking a -1.4% year-over-year decline that signals cooling momentum after previous appreciation. Homes are moving at a moderate pace with 50 days on market, while 20% of properties sold above list price—a ratio that suggests selective competition for well-priced inventory rather than broad bidding pressure. This performance reflects a market transitioning from seller advantage toward equilibrium, with price discovery becoming more negotiable than in stronger growth periods.

Buyers gain leverage in this environment, particularly first-time purchasers and those seeking primary residences in the sub-$300,000 range where the median sits. The 50-day marketing period allows for thorough due diligence without panic bidding, while the 80% of homes selling at or below list creates room for negotiation. Investors focused on cash flow over appreciation should proceed cautiously given the negative price trend, though the 20% above-list segment indicates opportunity remains for renovated or premium-positioned properties that differentiate from average inventory.

The PropIQ score of 60 signals caution, reflecting underlying fundamentals that warrant close monitoring before significant capital deployment. The -1.4% price decline could stabilize if inventory tightens or could extend if economic headwinds persist in Mobile's employment sectors. Critical indicators to track include whether days on market extends beyond 60 and if the above-list percentage drops below 15%, both of which would confirm further softening and potential for steeper price corrections through mid-2026.