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.
Residential MLS Stats by Area:
*Information provided by BALDWIN REALTORS®