Baldwin County Real Estate Market Shows Decreases in Property Sales
Resort and Traditional Residential Areas Both See Changes in Sales and Pricing Trends
Baldwin County, Ala. - (OBA) - The real estate market in Baldwin County, Alabama experienced some changes in January 2023, as indicated by the Baldwin REALTORS® Multiple Listing Service (MLS) reports. The reports showed that both the Resort and Traditional Residential areas of the county saw a decrease in the number of properties sold compared to the same period in 2022.
The Resort area, which includes Orange Beach, Fort Morgan, and South Gulf Shores, recorded a 43.5% drop in property sales, with 131 properties sold in January 2023 compared to 232 in January 2022. The average days on market (DOM) increased by 67.4%, with an average of 72 days compared to 43 days in the previous year. On the positive side, the average sales price in the Resort area rose by 15.1% to $728,605.
In the Traditional Residential area, which covers the rest of Baldwin County, a total of 278 properties were sold in January 2023, compared to 430 in January 2022. The average DOM in this area also increased, with an all-time high of 52 days, compared to 56 days in February 2021. Despite a slight increase in the year-over-year average sales price, it was lower compared to recent monthly reports.
Residential MLS Stats by Area:
Central Baldwin
- Residential Properties sold in January 2023: 167
- Average Sales Price: $ 299,689
- Average Days on Market: 71
- Average Sales Price Change from January 2022: Increased 28.6%
Coastal Condos
- Residential Properties sold in January 2023: 90
- Average Sales Price: $637,867
- Average Days on Market: 65
- Average Sales Price Change from January 2022: Increased 11.3%
Coastal Homes
- Residential Properties sold in January 2023: 60
- Average Sales Price: $792,761
- Average Days on Market: 73
- Average Sales Price Change from January 2022: Increased 23.5%
Eastern Shore
- Residential Properties sold in January 2023: 111
- Average Sales Price: $413,470
- Average Days on Market: 43
- Average Sales Price Change from January 2022: Increased 4.3%
North Baldwin
- Residential Properties sold in January 2023: 12
- Average Sales Price: $229,308
- Average Days on Market: 31
- Average Sales Price Change from January 2022: Decreased 9.4%
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