Is Baldwin County, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Baldwin County was a Seller's Market.
Housing Prices in Baldwin County, AL
How much do homes in Baldwin County, AL cost?
Median Sold Price
$389,164
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Baldwin County was $389,164 in May 2024, up 2.7% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $370K | $374.2K | +1.1% |
2 Bedrooms | $399.3K | $399K | -0.1% |
3 Bedrooms | $334.9K | $344.4K | +2.8% |
4 Bedrooms | $389.1K | $409.1K | +5.1% |
5+ Bedrooms | $590K | $641.6K | +8.8% |
Summary: Baldwin County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.1%, 2 bedroom homes decreased by 0.1%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 8.8%.
Median Sold Price Compared To Nearby Counties
Mobile County | $235K | $243.9K | +3.8% |
Baldwin County | $379K | $389.1K | +2.7% |
Escambia County | $176.5K | $177K | 0.3% |
Housing Supply in Baldwin County, AL
How many homes are available in Baldwin County, AL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3,464 | 3,806 | +9.9% |
Summary: The Baldwin County real estate market had 3,806 homes for sale in May 2024, a 9.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 160 | 164 | +2.5% |
2 Bedrooms | 622 | 679 | +9.2% |
3 Bedrooms | 1,363 | 1,526 | +12.0% |
4 Bedrooms | 1,032 | 1,102 | +6.8% |
5+ Bedrooms | 287 | 335 | +16.7% |
Summary: The Baldwin County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.5%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
452 | 573 | +26.8% |
Asking Price vs. Sold Price
353 Homes Were Sold
Under Asking
113 Homes Were Sold
At Asking
43 Homes Were Sold
Over Asking
Summary: A total of 573 homes were sold or pending in Baldwin County in May 2024, up by 26.8% month-over-month. Of the 509 sold homes, 69% were sold under asking, 22% were sold at asking, and 8% were sold over asking.
Days on Market for Baldwin County, AL
How long does it take to sell a home in Baldwin County, AL?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 573 homes were sold in Baldwin County; 0% of homes were sold within 30 days, 1% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.