ROBERTSDALE, Ala. – The pace of the real estate market in Baldwin County continues to operate at a slower speed than recent years. Baldwin REALTORS® Multiple Listing Service (MLS) reports a year-over-year increase for September 2023 in Average Days on Market (DOM) and a decrease in the number of Closed Sales 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 minor dip in sold prices.
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 6.8% decrease from September 2022, resulting in an average of $682,158. Listings spent more time on the on market at an average of 71 days, compared to 52 days the year prior. A decrease was reported in Total Closed Sales as 143 properties solid in September 2023, compared to 184 in September 2022.
In Baldwin County’s Traditional Residential area, average sales price experienced a 3.9% increase from September 2022 at $389,357. Properties stayed on market longer with an average of 48 days, which is 21 more days than the average a year ago. There were 16 less new listings and 53 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 September 2023: 173
Average Sales Price: $320,399
Average Days on Market: 48
Average Sales Price Change from September 2022: Decreased 4.4%
Coastal Condos
Residential Properties sold in September 2023: 87
Average Sales Price: $677,065
Average Days on Market: 69
Average Sales Price Change from September 2022: Increased 8.4%
Coastal Homes
Residential Properties sold in September 2023: 132
Average Sales Price: $565,976
Average Days on Market: 63
Average Sales Price Change from September 2022: Decreased 20.9%
Eastern Shore
Residential Properties sold in September 2023: 189
Average Sales Price: $442,323
Average Days on Market: 42
Average Sales Price Change from September 2022: Increased 4.7%
North Baldwin
Residential Properties sold in September 2023: 19
Average Sales Price: $283,047
Average Days on Market: 81
Average Sales Price Change from September 2022: Decreased 5.8%
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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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