Is Orange Beach, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Orange Beach was a Seller's Market.
Housing Prices in Orange Beach, AL
How much do homes in Orange Beach, AL cost?
Median Sold Price
$724,109
$513/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Orange Beach was $724,109 in April 2024, up 2.8% from last year, and the median price per square foot was $513.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $442K | $448.5K | +1.5% |
2 Bedrooms | $597.4K | $615K | +2.9% |
3 Bedrooms | $764.2K | $750K | -1.9% |
4 Bedrooms | $980K | $1.0M | +9.2% |
5+ Bedrooms | $1.5M | $2.4M | +54.8% |
Summary: Orange Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes increased by 2.9%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 54.8%.
Median Sold Price Compared To Nearby Cities
Orange Beach | $704K | $724.1K | +2.8% |
Gulf Shores | $446K | $443.1K | -0.6% |
Housing Supply in Orange Beach, AL
How many homes are available in Orange Beach, AL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
678 | 758 | +11.8% |
Summary: The Orange Beach real estate market had 758 homes for sale in April 2024, a 11.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 50 | 59 | +18.0% |
2 Bedrooms | 187 | 213 | +13.9% |
3 Bedrooms | 293 | 325 | +10.9% |
4 Bedrooms | 109 | 116 | +6.4% |
5+ Bedrooms | 39 | 45 | +15.4% |
Summary: The Orange Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18%, 2 bedroom homes increased by 13.9%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
63 | 73 | +15.9% |
Asking Price vs. Sold Price
62 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 73 homes were sold or pending in Orange Beach in April 2024, up by 15.9% month-over-month. Of the 68 sold homes, 91% were sold under asking, 6% were sold at asking, and 3% were sold over asking.
Days on Market for Orange Beach, AL
We’re sorry, we don't have information for this market at the moment