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Resort and Residential Properties in Baldwin County Report Market Slowdown
OBA Staff • September 12, 2024
Baldwin County Housing Market Slows in August as Listings Stay Active Longer
Robertsdale, Ala. – (OBA) – Baldwin County’s housing market showed signs of slowing down in August 2024, as both Traditional Residential and Resort areas experienced longer listing times and fewer closed sales compared to the same period last year. According to Baldwin REALTORS® Multiple Listing Service (MLS), the average number of days properties remained on the market saw a significant year-over-year increase, reflecting a decrease in buyer urgency as families transitioned back to school. Total closed sales also dropped across both submarkets, with fewer transactions in comparison to August 2023.
In the Resort market, which includes areas like Orange Beach, Fort Morgan, and Gulf Shores, the average sales price saw a modest increase of 0.5%, reaching $790,106. However, listings stayed active for an average of 104 days, up from 74 days in 2023, and total closed sales decreased from 183 in August 2023 to 132 in August 2024. Meanwhile, the Traditional Residential market witnessed a 7.1% decrease in average sales price and a slowdown in sales, with properties remaining on the market longer and 430 homes sold compared to 497 a year ago.
Residential MLS Stats by Area
Central Baldwin
- Residential Properties sold in August 2024: 186
- Average Sales Price: $335,965
- Average Days on Market: 64
- Average Sales Price Change from August 2023: Increased 14.3%
Coastal Condos
- Residential Properties sold in August 2024: 82
- Average Sales Price: $722,700
- Average Days on Market: 109
- Average Sales Price Change from August 2023: Increased 21.8%
Coastal Homes
- Residential Properties sold in August 2024: 81
- Average Sales Price: $799,916
- Average Days on Market: 90
- Average Sales Price Change from August 2023: Increased 6.7%
Eastern Shore
- Residential Properties sold in August 2024: 195
- Average Sales Price: $440,982
- Average Days on Market: 49
- Average Sales Price Change from August 2023: Decreased 2.4%
North Baldwin
- Residential Properties sold in August 2024: 24
- Average Sales Price: $249,716
- Average Days on Market: 43
- Average Sales Price Change from August 2023: Decreased 1.6%
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