ROBERTSDALE, Ala. – While fewer real estate transactions occurred last month, sellers are still showing confidence in the Baldwin County housing market as the number of new listings added in January 2024 significantly exceeds that of January 2023. Baldwin REALTORS® Multiple Listing Service (MLS) reports a year-over-year decrease in the total number of closed sales for January 2024 by 16 properties when compared with January 2023. However, the total number of Baldwin County properties listed for sale in January 2024 increased by 114 units.
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) saw a total of 112 properties sold last month, compared to 134 in January 2023 – a 16.4% decrease. 314 New Listings were added in the first month of this new year, which is a 16.7% increase from 2023. Average sales price decreased slightly by 1.8% at a resulting $736,148. Average Days on Market (DOM) also decreased by 2 days – going from January 2023’s 71 days to 69 days last month.
For Traditional Residential properties (encompassing everything in Baldwin County outside of the Resort market), a total of 287 sold last month, compared to 281 in January 2023. New Listings also increased by almost 70 properties from 2023 – resulting in 556 ‘for sale’ properties added to Baldwin MLS last month. The average sales price of properties in this area saw a miniscule increase of 1.2% month-over-month. And the amount of time a property remained on market increased by 8 days from January 2023’s 52-day average.
For previous monthly report click here.
Residential MLS Stats by Area:
Central Baldwin
· Residential Properties sold in January 2024: 114
· Average Sales Price: $315,511
· Average Days on Market: 60
· Average Sales Price Change from January 2023: Decreased 3.4%
Coastal Condos
· Residential Properties sold in January 2024: 77
· Average Sales Price: $614,611
· Average Days on Market: 72
· Average Sales Price Change from January 2023: Decreased 3.6%
Coastal Homes
· Residential Properties sold in January 2024: 65
· Average Sales Price: $716,281
· Average Days on Market: 70
· Average Sales Price Change from January 2023: Decreased 14.1%
Eastern Shore
· Residential Properties sold in January 2024: 126
· Average Sales Price: $438,819
· Average Days on Market: 56
· Average Sales Price Change from January 2023: Increased 6.2%
North Baldwin
· Residential Properties sold in January 2024: 17
· Average Sales Price: $275,194
· Average Days on Market: 49
· Average Sales Price Change from January 2023: Increased 20.0%
###
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.