ROBERTSDALE, Ala. – Today’s home sellers in Baldwin County, Alabama, should expect two to three months to get their property under contract with a buyer. According to Baldwin REALTORS® Multiple Listing Service (MLS) statistics, Baldwin County listings saw a 19 day increase in Average Days on Market, going from an average of 43 days in November 2022 to 62 days in November 2023. Traditional Residential properties in Baldwin County experienced an average of 54 days on market, while the Resort, Island-based properties sat longer at an average of 86 days on market. Baldwin County’s Traditional Residential market (encompassing everything in Baldwin County outside of the Resort market) saw an average sales price increase of 2.5% in the year-over-year comparison – going from $391,565 in November 2022 to $401,446 this past month. 302 properties sold in this area, which was 65 less properties than the year prior. However, the amount of new inventory added to the market this month increased by 6% for the Traditional Residential market at 445 new listings added. The Resort market of Baldwin County (which includes all of Orange Beach and Fort Morgan, plus everything in Gulf Shores that is South of AL-180) reported an average sales price for last month at$768,553 – a 4.8% decrease from the previous year. Total properties sold reduced by 27, resulting in 98 closings for this area of the county during November 2023. But the Resort market also experienced more new listings than the year prior, going from 178 properties added in November 2022 to 211 properties added in this past month. For previous months’ housing reports, click here.
Residential MLS Stats by Area:
Central Baldwin
• Residential Properties sold in November 2023: 132
• Average Sales Price: $343,215
• Average Days on Market: 50
• Average Sales Price Change from November 2022: Increased 5.1%
Coastal Condos
• Residential Properties sold in November 2023: 59
• Average Sales Price: $678,494
• Average Days on Market: 89
• Average Sales Price Change from November 2022: Increased 11%
Coastal Homes
• Residential Properties sold in November 2023: 67
• Average Sales Price: $711,000
• Average Days on Market: 66
• Average Sales Price Change from November 2022: Decreased 25.4%
Eastern Shore
• Residential Properties sold in November 2023: 126
• Average Sales Price: $469,589
• Average Days on Market: 60
• Average Sales Price Change from November 2022: Decreased 1.4%
North Baldwin
• Residential Properties sold in November2023: 18
• Average Sales Price:$297,627
• Average Days on Market: 61
• Average Sales Price Change from November 2022: Increased 44.3%
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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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