Compared to the wild seller’s market that was 2021, Baldwin County real estate experienced fewer sales with higher prices in 2022.
ROBERTSDALE, Ala. – Compared to the wild seller’s market that was 2021, Baldwin County real estate experienced fewer sales with higher prices in 2022. Baldwin REALTORS® Multiple Listing Service (MLS) reports the total number of properties sold in 2022 decreased by 14.4% from the year prior; but, thanks to a 15.3% increase in the annual average sales price, the total sales volume of 2022 only saw a slight decrease.
The negative trends of Baldwin County’s housing market data in 2022 includes new inventory, total properties sold and overall sales volume. The total amount of residential new listings with effective dates in 2022 was 10,217 properties, compared to 11,057 in 2021. A total of 8,301 properties sold in Baldwin County last year, which was an over 1,400 decrease from the year prior’s 9,702 properties sold. Additionally, 2022’s total sales volume dropped by 1.4%, totaling $3,917,830,550, in comparison to 2021’s $3,972,900,748.
However, Baldwin County’s average sales price and average days on market experienced positive trends in 2022. The average sales prices of residential properties sold in Baldwin County increased by 15.3% to $471,970. The average sales price was $409,492, in 2021. Listings also spent less time on the market than the year prior at an average of just 33 days, which is 4 days less than the average in 2021.
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Residential MLS Stats by Area:
Central Baldwin
Residential Properties sold in 2022: 2,996
Average Sales Price: $281,972
Average Days on Market: 61
Average Sales Price Change from 2021: Increased 17%
Coastal Condos
Residential Properties sold in 2022: 1,748
Average Sales Price: $609,298
Average Days on Market: 35
Average Sales Price Change from 2021: Increased 18.1%
Coastal Homes
Residential Properties sold in 2022: 1,367
Average Sales Price: $672,037
Average Days on Market: 43
Average Sales Price Change from 2021: Increased 10.9%
Eastern Shore
Residential Properties sold in 2022: 2,710
Average Sales Price: $441,904
Average Days on Market: 26
Average Sales Price Change from 2021: Increased 16.4%
North Baldwin
Residential Properties sold in 2022: 271
Average Sales Price: $265,817
Average Days on Market: 31
Average Sales Price Change from 2021: Increased 16.7%
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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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