The Baldwin County housing market operated at a slower pace in December 2022, according to statistics reported by Baldwin REALTORS® Multiple Listing Service (MLS).
ROBERTSDALE, Ala. – The Baldwin County housing market operated at a slower pace in December 2022, according to statistics reported by Baldwin REALTORS® Multiple Listing Service (MLS). Both new inventory and closed sales decreased in comparison with December 2021 data, and properties stayed available on the market for more days than the year prior. Altogether, the county saw a total amount of $218,205,529 in closed sales – a 42.8% decrease compared to $381,170,968 in December 2021.
With a minor decrease from December 2021, the average sales price for the Resort area of the county was $656,426. 43 less properties were added in new inventory than December of the previous year. December 2022 had 162 new listings, and December 2021 had 205. Listings spent more time on the on market at an average of 69 days compared to 41 days the year prior. Additionally, total properties sold for this area also decreased by 49.4% to 135 compared to December 2021’s 267 properties.
Baldwin County’s Traditional residential area saw their average sales price increase slightly by 9.1% in year-over-year comparison. However, the number of new properties on the market for December 2022 was 345, which was 81 less properties than the previous year. Total properties sold for this area were 337 – a 42% decrease from December 2021’s 581 closed sales. Properties in the Traditional area also spent 16 days longer on the market at an average of 49 days.
For previous months’ housing reports, click here.
Residential MLS Stats by Area:
Central Baldwin
Residential Properties sold in December 2022: 178
Average Sales Price: $284,511
Average Days on Market: 105
Average Sales Price Change from December 2021: Increased 38.6%
Coastal Condos
Residential Properties sold in December 2022: 70
Average Sales Price: $654,076
Average Days on Market: 56
Average Sales Price Change from December 2021: Increased 43.5%
Coastal Homes
Residential Properties sold in December 2022: 97
Average Sales Price: $608,334
Average Days on Market: 74
Average Sales Price Change from December 2021: Increased 23%
Eastern Shore
Residential Properties sold in December 2022: 160
Average Sales Price: $435,719
Average Days on Market: 38
Average Sales Price Change from December 2021: Increased 27.7%
North Baldwin
Residential Properties sold in December 2022: 17
Average Sales Price: $255,267
Average Days on Market: 40
Average Sales Price Change from December 2021: Increased 38.2%
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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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