$990,000
1.00 Acres
Land
Patty Helton Davis, Listing Office: PHD Realty, 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 November 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
$236,500
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$3,400(-1.4%)
Key Takeaway
Homes in Bay Minette have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in Bay Minette was $236,500 in November 2024, down 1.4% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $348K | N/A |
| 2 Bedrooms | $119.2K | $137.5K | +15.3% |
| 3 Bedrooms | $225K | $225K | 0.0% |
| 4 Bedrooms | $289K | $284.4K | -1.6% |
| 5+ Bedrooms | $335K | $390K | +16.4% |
Summary: Bay Minette housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.3%, 3 bedroom homes did not change, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 16.4%.
Housing Supply in Bay Minette, AL
How many homes are available in Bay Minette, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 91 | 89 | -2.2% |
Summary: The Bay Minette real estate market had 89 homes for sale in November 2024, a 2.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 12 | 8 | -33.3% |
| 3 Bedrooms | 45 | 45 | 0.0% |
| 4 Bedrooms | 25 | 24 | -4.0% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Bay Minette housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 17 | -5.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 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. 52.9% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Bay Minette in November 2024, down by 5.6% month-over-month. Of the 17 sold homes, 53% were sold under asking, 18% were sold at asking, and 29% were sold over asking.
Days on Market for Bay Minette, AL
How long does it take to sell a home in Bay Minette, AL?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bay Minette are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 17 homes were sold in Bay Minette; 6% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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.