ROBERTSDALE, Ala. – The Baldwin County housing market continues to shift to a slower pace. According to Baldwin REALTORS® Multiple Listing Service (MLS) statistics, October 2022 saw an almost $70-million decrease in total revenue of properties sold, in a year-over-year comparison with October 2021. This was largely due to the 28.6% decrease in total number of properties sold in Baldwin County – exactly 199 less closed sales than the year prior. However, the increase in Average Sales Price across the county helped to offset the significant decrease in sales.
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 an average sales price for last month at $652,233 – a 12.9% increase from the previous year. Listings spent an average of 52 days on market (DOM) compared to 30 days in October 2021. And the Resort market added 189 new listings to its inventory, which is a 26.2% decrease in new inventory from last year.
Baldwin County’s Traditional Residential area (encompassing everything in Baldwin County outside of the Resort market) saw an average sales price increase of 11.4% in the year-over-year comparison – going from $341,444 in October 2021 to $380,336 this past month. Properties spent an average of 36 days on market, which was 12 days longer than the year prior. The amount of new inventory added to the market this month also decreased by 11.5% 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 2022: 206
Average Sales Price: $414,938
Average Days on Market: 57
Average Sales Price Change from October 2021: Increased 70.6%
Coastal Condos
Residential Properties sold in October 2022: 89
Average Sales Price: $600,229
Average Days on Market: 55
Average Sales Price Change from October 2021: Increased 11%
Coastal Homes
Residential Properties sold in October 2022: 75
Average Sales Price: $615,455
Average Days on Market: 43
Average Sales Price Change from October 2021: Increased 4.2%
Eastern Shore
Residential Properties sold in October 2022: 166
Average Sales Price: $424,493
Average Days on Market: 33
Average Sales Price Change from October 2021: Increased 3.7%
North Baldwin
Residential Properties sold in October 2022: 17
Average Sales Price: $306,941
Average Days on Market: 55
Average Sales Price Change from October 2021: Increased 49.2%
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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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