The real estate market continued to stabilize in Baldwin County this past month.
Baldwin REALTORS® Multiple Listing Service (MLS) reported year-over-year increases for May in average days on …
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The real estate market continued to stabilize in Baldwin County this past month.
Baldwin REALTORS® Multiple Listing Service (MLS) reported year-over-year increases for May in average days on market, but the number of new listings and closed sales decreased 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 slight dip in sold prices in May.
In the resort area of Baldwin County (all of Orange Beach, Fort Morgan and anything in Gulf Shores south of Canal Road/180), average sales price saw a 1.9% decrease from May 2022, resulting in an average of $719,985. Listings spent more time on the market at an average of 68 days, compared to just 25 days the year prior. A decrease was reported in total closed sales as 198 properties sold in May 2023, compared to 248 in May 2022.
In Baldwin County’s traditional residential area, average sales price experienced a 4.3% increase from May 2022 at $399,695. Properties stayed on market longer with an average of 51 days, which is 28 more days than the average a year ago. There were 132 less new listings and 123 less properties sold in this area of the county than last year.
RESIDENTIAL MLS STATS BY AREA
Central Baldwin
Coastal condos
Coastal homes
Eastern Shore
North Baldwin
