$2,374 Closing Credit*
$199,900
1,827 SqFt
3 Beds
•2 Full Baths
Brittney Naylor, Listing Office: Elite Real Estate Solutions, LLC
Is Bay Minette, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Bay Minette has remained a Seller's Market.
Key Takeaway
Bay Minette is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bay Minette, AL
How much do homes in Bay Minette, AL cost?
Median Sold Price
$235,000
$146/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since October 2023.
Key Takeaway
The sold price of homes in Bay Minette has remained the same since last year.
Summary: The median home sold price in Bay Minette was $235,000 in October 2024, the same as last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $90K | $150K | +66.7% |
| 3 Bedrooms | $224.9K | $224.9K | 0% |
| 4 Bedrooms | $289K | $299.9K | +3.8% |
| 5+ Bedrooms | $355K | $275K | -22.5% |
Summary: Bay Minette housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 66.7%, 3 bedroom homes did not change, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 22.5%.
Housing Supply in Bay Minette, AL
How many homes are available in Bay Minette, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 97 | 100 | +3.1% |
Summary: The Bay Minette real estate market had 100 homes for sale in October 2024, a 3.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 13 | 14 | +7.7% |
| 3 Bedrooms | 49 | 47 | -4.1% |
| 4 Bedrooms | 24 | 29 | +20.8% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Bay Minette housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.7%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 18 | +80.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bay Minette, you may be able to get a good deal. 64.7% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Bay Minette in October 2024, up by 80.0% month-over-month. Of the 17 sold homes, 65% were sold under asking, 35% were sold at asking, and 0% were sold over asking.
Days on Market for Bay Minette, 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.