ROBERTSDALE, Ala. – While real estate in Baldwin County continues to move on and off the market at a faster pace than the national average, the total number of closed sales continues to slow as it has in recent months. Baldwin REALTORS® Multiple Listing Service (MLS) reports a year-over-year decrease in total properties sold in August 2022 for both Resort and Traditional Residential areas in our market. Sales volume for all Baldwin County properties decreased by over $32,000,000 in comparison with August 2021.
The Resort area of Baldwin County (which includes all of Orange Beach and Fort Morgan, plus everything in Gulf Shores that is South of AL-180) saw a 24.4% decrease in total properties sold, going from 258 properties in August 2021 to 195 last month. The average Days on Market (DOM) for these properties increased slightly to 37 days, in comparison to 35 days in 2021. Average Sales Price increased to $707,427 for the Resort area of Baldwin County, but the particular property type of Resort single-family homes (excluding condos) decreased year-over-year in this statistic by 5.8%.
The Traditional Residential market (which encompasses everything in Baldwin County outside of the Resort market) also saw a decrease to 474 properties sold this past month – a 17% decrease from 2021’s 571 properties. Average DOM was one day less than the year prior at just 21 days from Active to Pending status. The average Sales Price for this area of the county increased from the year prior to $390,774.
For previous months’ housing reports, click here.
Residential MLS Stats by Area:
Central Baldwin
Residential Properties sold in August 2022: 235
Average Sales Price: $286,176
Average Days on Market: 63
Average Sales Price Change from August 2021: Increased 6.7%
Coastal Condos
Residential Properties sold in August 2022: 149
Average Sales Price: $614,943
Average Days on Market: 33
Average Sales Price Change from August 2021: Increased 12%
Coastal Homes
Residential Properties sold in August 2022: 98
Average Sales Price: $684,700
Average Days on Market: 36
Average Sales Price Change from August 2021: Decreased 5.8%
Eastern Shore
Residential Properties sold in August 2022: 227
Average Sales Price: $466,773
Average Days on Market: 20
Average Sales Price Change from August 2021: Increased 22.7%
North Baldwin
Residential Properties sold in August 2022: 26
Average Sales Price: $247,826
Average Days on Market: 17
Average Sales Price Change from August 2021: Increased 8.1%
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About Baldwin REALTORS®
Baldwin REALTORS® is the source for real estate in Southern Alabama. We provide resources, education and tools to over 2,500 professionals across the region. We work to protect the interests of property owners, and our members serve buyers and sellers as REAL Advocates, Advisors, and Experts. Realtors agree to abide by a strict code of ethics and are held to a high ethical standard by their peers through their association membership. The term Realtor is a federally registered trademark owned by the National Association of REALTORS® and denotes membership in the Nonprofit Association.
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