Robertsdale, Ala. – (OBA) – Baldwin County’s housing market revealed mixed trends in November 2024, with significant growth in the Resort submarket’s average sales price and increased activity in the Traditional Residential sector. While the Resort area saw prices climb 27.1% year-over-year to an average of $976,882, properties lingered on the market longer, reflecting a slower pace of sales. In contrast, the Traditional Residential market experienced a slight decline in average sales price but recorded a 4.4% increase in closed sales, underscoring steady demand across the county’s diverse real estate offerings.

According to Baldwin REALTORS® Multiple Listing Service (MLS) statistics, the Resort submarket saw a significant rise in average sales prices due to several sales exceeding $1 million, while the Traditional Residential submarket experienced an increase in closed sales but a slight decline in prices. Overall, November 2024 showcased steady market activity with growing inventory levels in both submarkets.

Resort Submarket

The Resort area of Baldwin County (including Orange Beach, Fort Morgan, and Gulf Shores south of AL-180) reported an average sales price of $976,882 for November 2024, reflecting a 27.1% increase compared to November 2023. This substantial growth is due to 21 of the 87 properties selling for greater than $1 million in price. However, listings spent 125 days on market (DOM) on average, compared to 86 days last year, indicating a slower pace of transactions. New listings in the Resort area grew by 10%, with 231 properties listed this past month compared to 210 in November 2023. Closed sales, however, declined from 98 properties sold in 2023 to 87 properties sold this year.

Traditional Residential Submarket

Baldwin County’s Traditional Residential area (covering all Baldwin County properties outside the Resort market) saw a slight 5% decline in average sales price, dropping from $399,877 in November 2023 to $379,841 in November 2024. Properties in this market spent an average of 60 days on the market, a modest increase of five days compared to last year. Closed sales in the Traditional Residential market rose by 4.4%, with 329 properties sold this past month, up from 315 in November 2023. New listings also saw a notable increase, climbing from 433 in 2023 to 480 in November 2024.

Summary

While Baldwin County’s housing market continues to adapt to changing conditions, November 2024 demonstrated resilience in both submarkets. The Resort area achieved significant price growth despite fewer sales, while the Traditional Residential market experienced increased activity with more properties coming to market. These trends highlight the region’s diverse appeal and the ongoing demand for Baldwin County real estate.