Baldwin County's March 2024 Housing Report

With over a year of slower steadiness following the post-pandemic real estate frenzy, home sellers are appearing more interested to enter the Baldwin County housing market. Baldwin REALTORS® Multiple Listing Service (MLS) reports that almost 1,100 new listings were added to the MLS during March 2024. This is a significant 12.8% increase from a year-over-year comparison with March 2023.

 

The Resort area of Baldwin County (all of Orange Beach, Fort Morgan, and anything in Gulf Shores south of Canal Rd/180) reported decreases in Average Sales Price and Total Closed Sales. Average sales price saw a 3.5% decrease from March 2023, resulting in an average of $701,438. Additionally, Total Closed Sales dropped as 142 properties sold in March 2024, compared to 191 in March 2023. Listings spent more time on the on market at an average of 91 days, compared to just 81 days the year prior. New listings added to the Resort market were 368, which is 39 more properties than March 2023.

 

Unlike the Resort area, Baldwin County’s Traditional Residential area (everything else in Baldwin County not included in the Resort market areas) experienced a slight increase in Average Sale Price of 2.5% from March 2023 at $390,858. Properties also stayed on market longer with an average of 61 days, which is 5 more days than the average a year ago. Total Closed Sales for this area of the county reported a loss of 39 properties from the previous year at 452 properties sold. However, new listings increased by 85 properties year-over-year, resulting in 724 new homes on the market for the Traditional Residential market.

Residential MLS Stats by Area:
Central Baldwin
Residential Properties sold in March 2024: 213
Average Sales Price: $332,218
Average Days on Market: 56
Average Sales Price Change from March 2023: Increased 4.0%
Coastal Condos
Residential Properties sold in March 2024: 94
Average Sales Price: $645,407
Average Days on Market: 94
Average Sales Price Change from March 2023: Increased 9.4%
Coastal Homes
Residential Properties sold in March 2024: 100
Average Sales Price: $630,659
Average Days on Market: 90
Average Sales Price Change from March 2023: Decreased 15.1%
Eastern Shore
Residential Properties sold in March 2024: 181
Average Sales Price: $458,107
Average Days on Market: 57
Average Sales Price Change from March 2023: Increased 2.0%
North Baldwin
Residential Properties sold in March 2024: 13
Average Sales Price: $257,719
Average Days on Market: 61
Average Sales Price Change from March 2023: Increased 2.0%
*Information provided by BALDWIN REALTORS®