ROBERTSDALE, Ala. – This past month’s local real estate market was an even playing field for sellers and buyers. Baldwin REALTORS® Multiple Listing Service (MLS) reports year-over-year increases from August 2022 to August 2023 in Average Sales Price and Days on Market for both the Traditional Residential and Resort areas of Baldwin County real estate. Housing supply continues to be low on a national scale, resulting in demand that continues to drive up sales prices. However, buyers can consider an investment, as properties are not selling as quickly.
For August 2023, the Resort area of Baldwin County (all of Orange Beach, Fort Morgan, and anything in Gulf Shores south of Canal Rd/180) saw Average Sales Price increase by 10.1% from August 2022, resulting in an average of $780,293. Listings spent more time on the on market at an average of 76 days, compared to just 38 days the year prior. A decrease was reported in Total Closed Sales as 178 properties solid in August 2023, compared to 203 in August 2022.
Baldwin County’s Traditional Residential area (everything else in Baldwin County not included in the Resort market areas) also saw Average sales price increase by 9.4% from August 2022 at $425,698. Properties stayed on market longer with an average of 47 days, which is 26 more days than the average a year ago. Total Closed Sales for this area of the county reports a gain of 3 additional properties from the previous year at 484 properties sold.
For previous months’ housing reports, click here.
Residential MLS Stats by Area:
Central Baldwin
Residential Properties sold in August 2023: 239
Average Sales Price: $293,903
Average Days on Market: 78
Average Sales Price Change from August 2022: Increased 2.0%
Coastal Condos
Residential Properties sold in August 2023: 115
Average Sales Price: $593,353
Average Days on Market: 77
Average Sales Price Change from August 2022: Increased 5.6%
Coastal Homes
Residential Properties sold in August 2023: 114
Average Sales Price: $749,677
Average Days on Market: 77
Average Sales Price Change from August 2022: Increased 16.1%
Eastern Shore
Residential Properties sold in August 2023: 218
Average Sales Price: $452,006
Average Days on Market: 44
Average Sales Price Change from August 2022: Increased 5.6%
North Baldwin
Residential Properties sold in August 2023: 19
Average Sales Price: $253,692
Average Days on Market: 40
Average Sales Price Change from August 2022: Decreased 1.1%
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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 3,000 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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