Is Orange Beach, 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, Orange Beach was a Seller's Market.
Key Takeaway
Orange Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Orange Beach, AL
How much do homes in Orange Beach, AL cost?
Median Sold Price
$724,883
$512/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Orange Beach have sold for 3% more than they did a year ago.
Summary: The median home sold price in Orange Beach was $724,883 in May 2024, up 3% from last year, and the median price per square foot was $512.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $427K | $467.5K | +9.5% |
| 2 Bedrooms | $605K | $610K | +0.8% |
| 3 Bedrooms | $759.9K | $752.2K | -1.0% |
| 4 Bedrooms | $1.0M | $1.0M | +4.7% |
| 5+ Bedrooms | $1.5M | $2.4M | +54.8% |
Summary: Orange Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.5%, 2 bedroom homes increased by 0.8%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 54.8%.
Median Sold Price Compared To Nearby Cities
| Orange Beach | $703.9K | $724.8K | +3.0% |
| Gulf Shores | $447.9K | $444.8K | -0.7% |
Housing Supply in Orange Beach, AL
How many homes are available in Orange Beach, AL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 722 | 787 | +9.0% |
Summary: The Orange Beach real estate market had 787 homes for sale in May 2024, a 9.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 58 | 61 | +5.2% |
| 2 Bedrooms | 199 | 219 | +10.1% |
| 3 Bedrooms | 312 | 334 | +7.1% |
| 4 Bedrooms | 112 | 126 | +12.5% |
| 5+ Bedrooms | 41 | 47 | +14.6% |
Summary: The Orange Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.2%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 14.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 71 | 92 | +29.6% |
Asking Price vs. Sold Price
70 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Orange Beach, you may be able to get a good deal. 85.4% of homes here sold below asking price last month.
Summary: A total of 92 homes were sold or pending in Orange Beach in May 2024, up by 29.6% month-over-month. Of the 82 sold homes, 85% were sold under asking, 12% were sold at asking, and 2% were sold over asking.
Days on Market for Orange Beach, 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.