The Baldwin County housing market saw annual sales growth this past month.
According to Baldwin Realtors Multiple Listing Service (MLS) statistics, October saw a $16.5 million increase in total …
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The Baldwin County housing market saw annual sales growth this past month.
According to Baldwin Realtors Multiple Listing Service (MLS) statistics, October saw a $16.5 million increase in total dollar amount of properties sold in a year-over-year comparison with October 2022. This is largely due to the incremental increases in average sales price in both the traditional residential and resort/island-based markets of Baldwin County. These price increases helped to offset the loss of 11 property closings from October 2022 to October 2023.
The resort area of Baldwin County, which includes all of Orange Beach and Fort Morgan plus everything in Gulf Shores that is South of AL-180, reported an average sales price for last month at $709,683 – a 8.5% increase from the previous year. Listings spent an average of 66 days on market (DOM) compared to 52 days in October 2022. Additionally, the resort market added 248 new listings to its inventory, which is a 29.2% increase from last year, and closed sales increased by 9.7%.
Baldwin County’s traditional residential area (encompassing everything in Baldwin County outside of the resort market) saw an average sales price increase of 6.7% in the year-over-year comparison – going from $380,444 in October 2022 to $405,996 this past month. Properties spent an average of 39 days on market, which was 13 days longer than the year prior. The amount of new inventory added to the market this month increased by 6.6% for this area of the county, but closed sales decreased by 6.3%.
Central Baldwin
• Residential properties sold in October 2023: 146
• Average sales price: $342,796
• Average days on market: 44
