$4,606 Closing Credit*
$387,900
2 Beds
•2 Full Baths
Claudette Bryant, Listing Office: Brett Robinson Real Estate
Is Gulf Shores, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Gulf Shores was a Neutral 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
$474,083
$315/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,789(+3.7%)
Key Takeaway
Homes in Gulf Shores have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Gulf Shores was $474,083 in November 2024, up 3.7% from last year, and the median price per square foot was $315.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $334.5K | $345K | +3.1% |
| 2 Bedrooms | $395K | $393.7K | -0.3% |
| 3 Bedrooms | $441.6K | $468.1K | +6.0% |
| 4 Bedrooms | $497.3K | $551.6K | +10.9% |
| 5+ Bedrooms | $909.7K | $999.9K | +9.9% |
Summary: Gulf Shores housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.1%, 2 bedroom homes decreased by 0.3%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 9.9%.
Median Sold Price Compared To Nearby Cities
| Orange Beach | $715.5K | $743K | +3.8% |
| Gulf Shores | $457.2K | $474K | +3.7% |
| Foley | $316.9K | $326.2K | +2.9% |
Housing Supply in Gulf Shores, AL
How many homes are available in Gulf Shores, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 960 | 1,019 | +6.1% |
Summary: The Gulf Shores real estate market had 1,019 homes for sale in November 2024, a 6.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 86 | 84 | -2.3% |
| 2 Bedrooms | 319 | 350 | +9.7% |
| 3 Bedrooms | 280 | 312 | +11.4% |
| 4 Bedrooms | 185 | 181 | -2.2% |
| 5+ Bedrooms | 90 | 92 | +2.2% |
Summary: The Gulf Shores housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 2.3%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 11.4%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 2.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 79 | 50 | -36.7% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Gulf Shores, you may be able to get a good deal. 86.7% of homes here sold below asking price last month.
Summary: A total of 50 homes were sold or pending in Gulf Shores in November 2024, down by 36.7% month-over-month. Of the 45 sold homes, 87% were sold under asking, 11% were sold at asking, and 2% were sold over asking.
Days on Market for Gulf Shores, AL
How long does it take to sell a home in Gulf Shores, AL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 46 Days | 16 Days | -65.8% |
Summary: Homes in Gulf Shores had an average of 16 days on market in Nov 2024, down by 65.8% compared to last year.
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 Gulf Shores are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 50 homes were sold in Gulf Shores; 2% 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.