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Baldwin Home Prices Increase As Number of Closings Decrease

News Staff • May 12, 2024

April Home Pricing versus 2023 Statistics

gulf shores real estate news

Baldwin County's real estate market showed a mix of trends in April 2024, according to the Baldwin REALTORS® Multiple Listing Service (MLS) report. While average sales prices increased in both the Traditional Residential and Resort/Island-based areas, closed sales decreased in both areas compared to April 2023.


In the Traditional Residential area, average sales prices rose by 2.2% to $412,175, and properties spent an average of 54 days on the market, 3 fewer days than the previous year. However, total closed sales dipped slightly by 2 properties to 383.


The Resort area, which includes Orange Beach, Fort Morgan, and Gulf Shores south of Canal Rd/180, saw a more significant increase in average sales price at 6.8%, reaching $764,465. However, listings spent an average of 84 days on the market, up from 65 days the previous year. New listings decreased by 37 properties compared to April 2023, and total closed sales dropped from 200 to 167.


Gulf Shores Home Prices

The report also provided statistics for specific areas within Baldwin County:


Central Baldwin:

Residential properties sold in April 2024: 165

Average sales price: $324,750

Average days on market: 52

Average sales price change from April 2023: Decreased 3.0%


Coastal Condos:

Residential properties sold in April 2024: 107

Average sales price: $651,645

Average days on market: 81

Average sales price change from April 2023: Decreased 3.5%


Coastal Homes:

Residential properties sold in April 2024: 97

Average sales price: $838,670

Average days on market: 86

Average sales price change from April 2023: Increased 20.5%


Eastern Shore:

Residential properties sold in April 2024: 177

Average sales price: $486,666

Average days on market: 49

Average sales price change from April 2023: Increased 2.3%


North Baldwin:

Residential properties sold in April 2024: 13

Average sales price: $295,033

Average days on market: 63

Average sales price change from April 2023: Increased 20.3%


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