Is Grand Bay, 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, Grand Bay was a Seller's Market.
Housing Prices in Grand Bay, AL
How much do homes in Grand Bay, AL cost?
Median Sold Price
$274,200
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Grand Bay was $274,200 in May 2024, down 14.3% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $81.3K | $130.5K | +60.5% |
3 Bedrooms | $243K | $245K | +0.8% |
4 Bedrooms | $349.4K | $348.4K | -0.3% |
5+ Bedrooms | $567.5K | $543K | -4.3% |
Summary: Grand Bay housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 60.5%, 3 bedroom homes increased by 0.8%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes decreased by 4.3%.
Median Sold Price Compared To Nearby Cities
Theodore | $233.5K | $240K | +2.8% |
Tanner Williams | $255K | $255K | 0.0% |
Grand Bay | $320K | $274.2K | -14.3% |
Housing Supply in Grand Bay, AL
How many homes are available in Grand Bay, AL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
73 | 103 | +41.1% |
Summary: The Grand Bay real estate market had 103 homes for sale in May 2024, a 41.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 29 | 44 | +51.7% |
4 Bedrooms | 38 | 50 | +31.6% |
5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Grand Bay housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 51.7%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 7 | -12.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Grand Bay in May 2024, down by 12.5% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% were sold over asking.
Days on Market for Grand Bay, AL
We’re sorry, we don't have information for this market at the moment