ROBERTSDALE, Ala. – Sales prices continue to trend upward, and houses continue to fly off the market at record speed, but the number of properties sold in October 2021 lessened compared to the year prior. According to Baldwin REALTORS® Multiple Listing Service (MLS) statistics, October 2021 only saw 675 closed sales – an 11.4% decrease compared to 762 in October 2020. The Resort area of Baldwin County did see a 16.4% increase in closed sales from the year prior, but it was not enough to offset the Traditional Residential area’s major decrease of over 100 less homes sold in October 2021 compared to October 2020.
The Resort area of Baldwin County (which includes all of Orange Beach and Fort Morgan, plus everything in Gulf Shores that is South of AL-180) reported positive trends for October 2021, along with the increase in Closed Sales. Their average sales price for last month reported at $572,656 –an 11.6% increase from the previous year. Listings spent an average of 29 days compared to 73 days in October 2020. And the Resort market added 256 new listings to its inventory, which is a 30% increase from last year.
While Baldwin County’s Traditional Residential area (which encompasses everything in Baldwin County outside of the Resort market) did not see an increase in Closed Sales last month, all other statistics report positively. Average sales price increased by 19.1% in the year-over-year comparison. Properties spent an average of 24 days on market, which was 37 days less than the year prior. The amount of new inventory also increased by 2% for this area of the county.
For previous months’ housing reports, click here.
Residential MLS Stats by Area:
Central Baldwin
Residential Properties sold in October 2021: 234
Average Sales Price: $243,244
Average Days on Market: 51
Average Sales Price Change from October 2020: Increased 22%
Coastal Condos
Residential Properties sold in October 2021: 160
Average Sales Price: $540,607
Average Days on Market: 26
Average Sales Price Change from October 2020: Increased 20.7%
Coastal Homes
Residential Properties sold in October 2021: 99
Average Sales Price: $590,477
Average Days on Market: 38
Average Sales Price Change from October 2020: Increased 16.3%
Eastern Shore
Residential Properties sold in October 2021: 213
Average Sales Price: $410,670
Average Days on Market: 19
Average Sales Price Change from October 2020: Increased 16.8%
North Baldwin
Residential Properties sold in October 2021: 25
Average Sales Price: $205,792
Average Days on Market: 23
Average Sales Price Change from October 2020: Increased 20.4%
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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 2,500 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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