ROBERTSDALE, Ala. – A mixture of higher mortgage rates, a continuing increase in sales prices, and other inflation factors cooled down the Baldwin County housing market in 2023 and created a more level playing field for buyers and sellers. Baldwin REALTORS® Multiple Listing Service (MLS) reports the Average Days on Market (DOM) in 2023 nearly doubled from the year prior, increasing by 78.8%, giving buyers more time to make decisions, and total sales volume decreased by over $500 million.
Additional declining trends seen in Baldwin County’s 2023 housing market data include new inventory and total properties sold. The total amount of residential new listings with effective dates in 2023 was 9,670 properties, compared to 10,217 in 2022. A total of 6,868 properties sold in Baldwin County last year, which was an over 1,400-unit decrease from the year prior’s 8,312 properties sold.
Positively, Baldwin County’s average sales price continued to increase in 2023, generating more equity for property owners and investors. The average sales prices of residential properties sold in Baldwin County increased by 4.7% to $492,534. The average sales price was $470,491 in 2022.
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Residential MLS Stats by Area:
Central Baldwin
Residential Properties sold in 2023: 2,066
Average Sales Price: $333,338
Average Days on Market: 56
Average Sales Price Change from 2022: Increased 18.2%
Coastal Condos
Residential Properties sold in 2023: 1,239
Average Sales Price: $641,024
Average Days on Market: 68
Average Sales Price Change from 2022: Increased 5.2%
Coastal Homes
Residential Properties sold in 2023: 1,236
Average Sales Price: $714,297
Average Days on Market: 77
Average Sales Price Change from 2022: Increased 6.3%
Eastern Shore
Residential Properties sold in 2023: 2,162
Average Sales Price: $464,716
Average Days on Market: 47
Average Sales Price Change from 2022: Increased 5.2%
North Baldwin
Residential Properties sold in 2023: 230
Average Sales Price: $282,037
Average Days on Market: 50
Average Sales Price Change from 2022: Increased 6.1%
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About Baldwin REALTORS®
Baldwin REALTORS® is the source for real estate in Southern Alabama. We provide resources, education and tools to over 3,000 professionals across the region. We work to protect the interests of property owners, and our members serve buyers and sellers as REAL Advocates, Advisors, and Experts. Realtors agree to abide by a strict code of ethics and are held to a high ethical standard by their peers through their association membership. The term Realtor is a federally-registered trademark owned by the National Association of REALTORS® and denotes membership in the Nonprofit Association.