ROBERTSDALE, Ala. – Local home sales continue to decrease as national mortgage rates do not see improvement. Baldwin REALTORS® Multiple Listing Service (MLS) reports a year-over-year decrease in Baldwin County’s Closed Sales for February 2024. Total sales volume for the county also decreased by 21.6% from $252,571,333 in February 2023 to $197,898,167 this past month.
For Traditional Residential properties in Baldwin County, a total of 309 sold last month, compared to 359 in February 2023. Average sales price increased by 1.0% from February 2023 with an average of $400,479 for properties in this area. Average days on market (DOM) report at 58 DOM – a 6.5% decrease from 2023’s 62 DOM.
The Resort area of Baldwin County (all of Orange Beach, Fort Morgan, and anything in Gulf Shores south of Canal Rd/180) saw a total of 113 properties sold, compared to 144 in February 2023 – a 21.5% decrease. Average sales price dipped by 14.3% at a resulting $656,195. And average DOM increased 12.3% in this area with 82 DOM in comparison to February 2023’s 73 DOM.
Residential MLS Stats by Area:
Central Baldwin
· Residential Properties sold in February 2024: 113
· Average Sales Price: $322,173
· Average Days on Market: 58
· Average Sales Price Change from February 2023: Increased 1.0%
Coastal Condos
· Residential Properties sold in February 2024: 72
· Average Sales Price: $601,481
· Average Days on Market: 76
· Average Sales Price Change from February 2023: Decreased 6.9%
Coastal Homes
· Residential Properties sold in February 2024: 76
· Average Sales Price: $610,803
· Average Days on Market: 79
· Average Sales Price Change from February 2023: Decreased 20.6%
Eastern Shore
· Residential Properties sold in February 2024: 150
· Average Sales Price: $463,396
· Average Days on Market: 57
· Average Sales Price Change from February 2023: Decreased 3.1%
North Baldwin
· Residential Properties sold in February 2024: 14
· Average Sales Price: $270,391
· Average Days on Market: 54
· Average Sales Price Change from February 2023: Decreased 17.7%
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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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