ROBERTSDALE, Ala. – The real estate market continued to stabilize in Baldwin County this past month. Baldwin REALTORS® Multiple Listing Service (MLS) reports year-over-year increases for May 2023 in Average Days on Market (DOM), but the number of New Listings and Closed Sales decreased for both Traditional Residential and Resort/Island-based properties in the county. Additionally, the Traditional Residential properties in the county continued to see slight Average Sales Price increases, while the Resort/Island-based properties experienced a slight dip in sold prices in May.
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 1.9% decrease from May 2022, resulting in an average of $719,985. Listings spent more time on the on market at an average of 68 days, compared to just 25 days the year prior. A decrease was reported in Total Closed Sales as 198 properties solid in May 2023, compared to 248 in May 2022.
In Baldwin County’s Traditional Residential area, average sales price experienced a 4.3% increase from May 2022 at $399,695. Properties stayed on market longer with an average of 51 days, which is 28 more days than the average a year ago. There were 132 less new listings and 123 less properties sold in this area of the county than last year.
For previous months’ housing reports, click here.
Residential MLS Stats by Area:
Central Baldwin
Residential Properties sold in May 2023: 174
Average Sales Price: $351,840
Average Days on Market: 58
Average Sales Price Change from May 2022: Increased 18.3%
Coastal Condos
Residential Properties sold in May 2023: 112
Average Sales Price: $552,377
Average Days on Market: 66
Average Sales Price Change from May 2022: Decreased 13.1%
Coastal Homes
Residential Properties sold in May 2023: 115
Average Sales Price: $812,786
Average Days on Market: 71
Average Sales Price Change from May 2022: Increased 11.7%
Eastern Shore
Residential Properties sold in May 2023: 235
Average Sales Price: $441,365
Average Days on Market: 45
Average Sales Price Change from May 2022: Decreased 4.1%
North Baldwin
Residential Properties sold in May 2023: 18
Average Sales Price: $310,622
Average Days on Market: 56
Average Sales Price Change from May 2022: Increased 18.1%
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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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