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Featured local agent — Fairhope, AL
Sarah Mitchell
Compass Real Estate · Fairhope, AL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Fairhope, AL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$465,000median sale price
How is the Fairhope, AL housing market right now?
The median home sale price in Fairhope, AL is $465,000, down 9.7% year-over-year. Homes sell in an average of 61 days with 177 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Fairhope a buyer's or seller's market?
Fairhope, AL is currently a balanced market, based on 3.2 months of supply and homes selling in about 61 days. How we determine this →
Homes sold
56
Last 12 weeks
Days on market
61
Average pace
Active listings
177
3.2 months supply
Sale-to-list
96.5%
Below asking
What does the Fairhope housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $465,000 |
| Median list price | $649,000 |
| Year-over-year price change | -9.7% |
| Average days on market | 61 days |
| Active inventory | 177 listings |
| Months of supply | 3.2 months |
| Sale-to-list price ratio | 96.5% |
| Median price per sq ft | $232/sq ft |
| Homes sold (latest month) | 56 |
| New listings (latest month) | 59 |
| Listings with a price cut | 23.7% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Fairhope by property type?
How the Fairhope, AL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $465,000 | $223/sq ft | 52 | 59 days |
| Condo / Co-op | $516,000 | $322/sq ft | 4 | 115 days |
| Townhouse | $312,500 | $206/sq ft | 1 | 95 days |
Source: Redfin · Updated monthly
The Fairhope housing market is currently classified as a balanced market with a median sale price of $465,000. Prices have fallen 9.7% compared to last year, with homes spending an average of 61 days on market, indicating 3.2 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.5x provides context for how home values compare to local earning capacity.
Homes for sale in Fairhope
There are currently 177 homes listed for sale in Fairhope, Alabama. The median listing price is $649K.
Active listings
177
Homes on market
Median list price
$649K
Avg. days on market
61
Days until sale
New this week
59
Newly listed
Who lives in Fairhope?
Population
23,360
Median income
$86,509/yr
Median age
47.1 years
Owner-occupied
81.6%
College grads
53.4%
Avg commute
23.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Fairhope?
Zillow home value
$471,631
Zillow rent index
$2,242/mo
Price-to-rent ratio
17.5x
Price-to-income
5.5x
Source: Zillow Research
What is it like to live in Fairhope?
Fairhope is a community of approximately 23K residents with a median age of 47.1 years.The median household income is $86,509, which reflects a relatively affluent area with strong earning potential. 53.4% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 81.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 23.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Fairhope offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Fairhope?
5 schools tracked · 5,056 students
The largest public schools serving Fairhope, AL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Fairhope High School
Grades 9-12 · 1,642 students
Fairhope West Elementary
Grades PK-6 · 990 students
Fairhope East Elementary
Grades K-6 · 851 students
J Larry Newton School
Grades PK-6 · 846 students
Fairhope Middle School
Grades 7-8 · 727 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Fairhope, AL?
Want a head-to-head view? Compare Fairhope side-by-side with any other U.S. city using our market-comparison tool.
Is Fairhope a good real estate investment market?
For investors evaluating Fairhope, the price-to-rent ratio of 17.5x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 9.7% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Fairhope's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Fairhope's median home price.
Frequently asked questions
What is the average home price in Fairhope?
The median home sale price in Fairhope is $465,000, down 9.7% from last year.
How long do homes stay on market in Fairhope?
Homes typically spend 61 days on market before going under contract.
What is the median income in Fairhope?
The median household income is $86,509 per year.
Is Fairhope a buyer's or seller's market?
With 3.2 months of supply, Fairhope is currently a balanced market.
What is the Zillow home value estimate for Fairhope?
The Zillow Home Value Index (ZHVI) for Fairhope is $471,631, representing the typical home value in the area.
What is the median condo price in Fairhope?
The median condo/co-op sale price in Fairhope, AL is $516,000, compared to $465,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Fairhope?
The median single-family home price in Fairhope, AL is $465,000 (about $223 per square foot).
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