Theodore, AL 36582 Real Estate Market Report

ZIP Code: 36582
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in Theodore, AL reflects a median sold price of $219,000, indicating a stable yet slightly declining trend in home values. The neighborhood has decreased 8% since 2022, suggesting a softening market where buyers may have more negotiating power. The median listing price stands at $222,999, which shows a minor gap between asking and selling prices, potentially indicating seller expectations that are not fully aligned with current market realities.

Market activity is characterized by elevated inventory levels, with a median days on market of 261 days, reflecting slower sales velocity. This extended time frame may suggest a cautious buyer sentiment amidst elevated interest rate pressure and local economic challenges. Despite these factors, rental demand remains strong, with a median market rent of $1,318, indicating robust rental activity in the face of limited supply.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The median sold price of $219,000 reflects a market that has decreased 8% since 2022, indicating potential pricing challenges for sellers.

2. With a median days on market of 261, properties are experiencing slower sales velocity, suggesting buyers may be taking their time to make decisions.

3. The median listing price of $222,999 shows a slight gap compared to sold prices, which may indicate pricing friction in the market.

4. Rental demand is strong, with a median market rent of $1,318, suggesting that despite home price challenges, the rental market remains strong due to limited supply.

5. The market temperature is currently neutral, indicating a balanced market where neither buyers nor sellers have a distinct advantage.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.