$5,094 Closing Credit*
$429,000
2,289 SqFt
4 Beds
•2 Full Baths
Nicole Smith, Listing Office: RE/MAX of Gulf Shores
Is Gulf Shores, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$473,151
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,469(+3.8%)
Key Takeaway
Homes in Gulf Shores have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Gulf Shores was $473,151 in October 2024, up 3.8% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $330K | $351.9K | +6.7% |
| 2 Bedrooms | $395K | $399K | +1.0% |
| 3 Bedrooms | $445.5K | $450K | +1.0% |
| 4 Bedrooms | $505K | $550.8K | +9.1% |
| 5+ Bedrooms | $970K | $962.5K | -0.8% |
Summary: Gulf Shores housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 0.8%.
Median Sold Price Compared To Nearby Cities
| Orange Beach | $701.4K | $743K | +5.9% |
| Gulf Shores | $455.6K | $473.1K | +3.8% |
| Foley | $317.6K | $322.8K | +1.6% |
Housing Supply in Gulf Shores, AL
How many homes are available in Gulf Shores, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 945 | 1,039 | +9.9% |
Summary: The Gulf Shores real estate market had 1,039 homes for sale in October 2024, a 9.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 82 | 92 | +12.2% |
| 2 Bedrooms | 324 | 351 | +8.3% |
| 3 Bedrooms | 277 | 305 | +10.1% |
| 4 Bedrooms | 171 | 198 | +15.8% |
| 5+ Bedrooms | 91 | 93 | +2.2% |
Summary: The Gulf Shores housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.2%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 2.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 64 | 77 | +20.3% |
Asking Price vs. Sold Price
59 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
2 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. 81.9% of homes here sold below asking price last month.
Summary: A total of 77 homes were sold or pending in Gulf Shores in October 2024, up by 20.3% month-over-month. Of the 72 sold homes, 82% were sold under asking, 15% were sold at asking, and 3% were sold over asking.
Days on Market for Gulf Shores, AL
How long does it take to sell a home in Gulf Shores, AL?
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gulf Shores are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 77 homes were sold in Gulf Shores; 5% 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.
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.