Is Gulf Shores, 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, Gulf Shores was a Seller's Market.
Key Takeaway
Gulf Shores is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Gulf Shores, AL
How much do homes in Gulf Shores, AL cost?
Median Sold Price
$444,876
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Gulf Shores have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in Gulf Shores was $444,876 in May 2024, down 0.7% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $355K | $344.7K | -2.9% |
| 2 Bedrooms | $400K | $395K | -1.3% |
| 3 Bedrooms | $434.4K | $429.6K | -1.1% |
| 4 Bedrooms | $545K | $505K | -7.3% |
| 5+ Bedrooms | $1.0M | $992.5K | -4.6% |
Summary: Gulf Shores housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.9%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes decreased by 4.6%.
Median Sold Price Compared To Nearby Cities
| Foley | $311.8K | $334.1K | +7.1% |
| Orange Beach | $703.9K | $724.8K | +3.0% |
| Gulf Shores | $447.9K | $444.8K | -0.7% |
Housing Supply in Gulf Shores, AL
How many homes are available in Gulf Shores, AL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 928 | 1,015 | +9.4% |
Summary: The Gulf Shores real estate market had 1,015 homes for sale in May 2024, a 9.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 77 | 78 | +1.3% |
| 2 Bedrooms | 301 | 320 | +6.3% |
| 3 Bedrooms | 290 | 331 | +14.1% |
| 4 Bedrooms | 179 | 190 | +6.1% |
| 5+ Bedrooms | 81 | 96 | +18.5% |
Summary: The Gulf Shores housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 1.3%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 18.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 102 | 113 | +10.8% |
Asking Price vs. Sold Price
79 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gulf Shores, you may be able to get a good deal. 81.4% of homes here sold below asking price last month.
Summary: A total of 113 homes were sold or pending in Gulf Shores in May 2024, up by 10.8% month-over-month. Of the 97 sold homes, 81% were sold under asking, 13% were sold at asking, and 5% were sold over asking.
Days on Market for Gulf Shores, AL
We’re sorry, we don't have information for this market at the moment
Listing information Copyright © 2024 Baldwin County Association of REALTORS®, Inc. All rights reserved. MLS IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of the Greater Alabama Multiple Listing Service, Inc. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the content is not guaranteed accurate by the MLS. There is no express or implied warranty by MLS of the accuracy of information which should be independently verified. The Greater Alabama Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Copyright© 2024 Greater Alabama Multiple Listing Service, Inc. All Rights Reserved.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.