ROBERTSDALE, Ala. –As prices remain high, Baldwin County real estate exhibits signs of stabilizing from the wild 2021 market. Baldwin REALTORS® Multiple Listing Service (MLS) reports county-wide year-over-year decreases of 10.7% in total sales revenue and 22.9% in total properties sold. Average Days on Market (DOM) also rose in both “areas” of the county. The Traditional Residential area saw an increase of 17.4%, resulting in an average of 27 days. The Resort/Island-based area more than doubled its DOM average, going from September 2021’s 25 days to this month’s 52 days.
The Resort area of Baldwin County (all of Orange Beach and Fort Morgan, and anything in Gulf Shores south of Canal Rd/180) reported an average sales price of $731,374, which is a 29.2% increase from September 2021. 183 properties sold last month in comparison to 261 properties the year prior – a 29.9% year-over-year decrease. The amount of inventory added to this area of the market this month was 207 properties.
The Traditional Residential area (everything else in Baldwin County not included in the Resort market areas) also saw an average sales price increase of 8.6% from September 2021 at $374,946. 595 properties sold – a decrease of 18.6% from the last year. 505 listings were also added to the MLS this month in this area of the county.
For previous months’ housing reports, click here.
Residential MLS Stats by Area:
Central Baldwin
Residential Properties sold in September 2022: 268
Average Sales Price: $310,109
Average Days on Market: 41
Average Sales Price Change from September 2021: Increased 22.4%
Coastal Condos
Residential Properties sold in September 2022: 126
Average Sales Price: $624,391
Average Days on Market: 44
Average Sales Price Change from September 2021: Increased 23.4%
Coastal Homes
Residential Properties sold in September 2022: 106
Average Sales Price: $715,172
Average Days on Market: 47
Average Sales Price Change from September 2021: Increased 24.2%
Eastern Shore
Residential Properties sold in September 2022: 211
Average Sales Price: $422,525
Average Days on Market: 25
Average Sales Price Change from September 2021: Increased 1.7%
North Baldwin
Residential Properties sold in September 2022: 19
Average Sales Price: $300,608
Average Days on Market: 41
Average Sales Price Change from September 2021: Increased 6.1%
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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 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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