Grand Bay Home Prices & Values

$106,500 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.3% 1-year change
  • 1.1% 1-year forecast

The median home value in Grand Bay is $106,500. Grand Bay home values have gone up 1.3% over the past year and Zillow predicts they will rise 1.1% within the next year. The median list price per square foot in Grand Bay is $76, which is lower than the Mobile Metro average of $83. The median price of homes currently listed in Grand Bay is $142,000 while the median price of homes that sold is $105,000.

Foreclosures will be a factor impacting home values in the next several years. In Grand Bay 14.4 homes are foreclosed (per 10,000). This is lower than the Mobile Metro value of 17.5 and also greater than the national value of 4.8

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Grand Bay is 4.4%, which is lower than the national value of 7.2%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Grand Bay homeowners underwater on their mortgage is 24.1%, which is lower than Mobile Metro at 27.9%.

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Relative ZHVI
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Grand Bay Market Overview

Data through May 31, 2014
  • $106,500 ZHVI
  • 1.1% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (May 31, 2015)
  • $142,000 Median listing price
  • $105,000 Median sale price (Apr 30, 2014)
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Grand Bay Market Health

Data through May 31, 2014
  • 0.7/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • 24.1% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 4.4% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

14.4 homes Grand Bay
17.5 homes Mobile Metro
4.8 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Dauphin Island $208,500 Semmes $113,900 Wilmer $104,100
Theodore $94,700 Mobile $93,300 Irvington $87,900
Coden $86,700 Bayou La Batre $49,700 Prichard $40,400

Listings & Sales

Data through May 31, 2014
  • $76 Median list price / sq ft
  • $72 Median sale price / sq ft (Apr 30, 2014)
  • 20.0% Listings with price cut
43.6%
Sold below listing
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Grand Bay Rentals

Data through May 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$939 Grand Bay
$878 Mobile Metro
$1,310 United States
  • 2.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • No data Rent list price
  • No data Rent list price / sq ft
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