ROBERTSDALE, Ala. – While Baldwin County home prices continued to rise from the previous year, submarkets responded differently. Baldwin REALTORS® Multiple Listing Service (MLS) reports that the Resort/Island-based submarket saw year-over-year decreases in Average Days on Market (DOM) and Closed Sales. Oppositely, the Traditional Residential submarket experienced listings spending more days on market but also more closed sales in comparison with July 2023 statistics.
In the Resort area of Baldwin County (all of Orange Beach, Fort Morgan, and anything in Gulf Shores south of Canal Rd/180), average sales price saw a 8.2% increase from July 2023, resulting in an average of $759,693. Listings spent significantly less time on the on market at an average of 87 days, compared to 122 days the previous year. Additionally, a decrease was reported in Total Closed Sales as 127 properties sold in July 2024, compared to 187 in July 2023.
In Baldwin County’s Traditional Residential area (all other residential property in Baldwin County not located in the Resort area), average sales price experienced a 6.3% increase from July 2023 at $413,712. Properties stayed on market longer with an average of 63 days, which is 12 more days than the average a year ago. Total Closed Sales also reported a gain of 44 properties at 483 properties sold.
For previous months’ housing reports, click here.
Residential MLS Stats by Area:
Central Baldwin
Residential Properties sold in July 2024: 188
Average Sales Price: $338,433
Average Days on Market: 64
Average Sales Price Change from July 2023: Increased 5.1%
Coastal Condos
Residential Properties sold in July 2024: 84
Average Sales Price: $735,998
Average Days on Market: 103
Average Sales Price Change from July 2023: Increased 13.2%
Coastal Homes
Residential Properties sold in July 2024: 88
Average Sales Price: $689,807
Average Days on Market: 76
Average Sales Price Change from July 2023: Increased 6.1%
Eastern Shore
Residential Properties sold in July 2024: 244
Average Sales Price: $479,402
Average Days on Market: 57
Average Sales Price Change from July 2023: Increased 6.3%
North Baldwin
Residential Properties sold in July 2024: 19
Average Sales Price: $304,621
Average Days on Market: 79
Average Sales Price Change from July 2023: Increased 18.4%
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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