May numbers show continued stabilization of real estate market

OBA Staff • June 9, 2023

Properties are averaging more days on market compared to 2022

May 2023 real estate market stats for Baldwin County, Alabama.

Robertsdale, Ala. - (OBA) - May saw a continuation of the stabilization of the real estate market in Baldwin County. Baldwin REALTORS® Multiple Listing Service (MLS) reports year-over-year increases for May 2023 in average days on market (DOM), but the number of new listings and closed sales decreased for both traditional residential and resort/island-based properties in the county.

Additionally, the traditional residential properties in the county continued to see slight average sales price increases, while the resort/island-based properties experienced a slight dip in sold prices in May.

In the Resort area of Baldwin County (all of Orange Beach, Fort Morgan, and anything in Gulf Shores south of Canal Rd/180), average sales price saw a 1.9 percent decrease from May 2022, resulting in an average of $719,985. Listings spent more time on the on market at an average of 68 days, compared to just 25 days the year prior. A decrease was reported in total closed sales as 198 properties solid in May 2023, compared to 248 in May 2022.

In Baldwin County’s traditional residential area, average sales price experienced a 4.3 percent increase from May 2022 at $399,695. properties stayed on market longer with an average of 51 days, which is 28 more days than the average a year ago. There were 132 less new listings and 123 less properties sold in this area of the county than last year.

For previous months’ housing reports, click here.

Residential MLS Stats by Area:

Central Baldwin

Residential properties sold in May 2023: 174

Average sales price: $351,840

Average days on market: 58

Average sales price change from May 2022: Increased 18.3 percent

Coastal Condos

Residential properties sold in May 2023: 112

Average sales price: $552,377

Average days on market: 66

Average sales price change from May 2022: Decreased 13.1 percent

Coastal Homes

Residential properties sold in May 2023: 115

Average sales price: $812,786

Average days on market: 71

Average sales price change from May 2022: Increased 11.7 percent

Eastern Shore

Residential properties sold in May 2023: 235

Average sales price: $441,365

Average days on market: 45

Average sales price change from May 2022: Decreased 4.1 percent

North Baldwin

Residential properties sold in May 2023: 18

Average sales price: $310,622

Average days on market: 56

Average sales price change from May 2022: Increased 18.1 percent

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