Is Baldwin County, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Baldwin County is a neutral's market

Buyer's
Market

Difference Since June 2023

At the same time last year, Baldwin County was a Seller's Market.

Key Takeaway

Baldwin County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Baldwin County, AL

How much do homes in Baldwin County, AL cost?

Median Sold Price

$388,936

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$9,037(+2.4%)

Key Takeaway

Homes in Baldwin County have sold for 2.4% more than they did a year ago.

Summary: The median home sold price in Baldwin County was $388,936 in June 2024, up 2.4% from last year, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $370.5K$375K
+1.2%
2 $406.1K$390.2K
-3.9%
3 $336K$344.8K
+2.6%
4 $392.4K$409.8K
+4.4%
5+ $586.6K$651.3K
+11.0%

Summary: Baldwin County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.2%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 11%.

Median Sold Price Compared To Nearby Counties

Mobile County
+4.2%
Baldwin County
+2.4%
Escambia County
0.0%

Housing Supply in Baldwin County, AL

How many homes are available in Baldwin County, AL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
3,6353,749+3.1%

Summary: The Baldwin County real estate market had 3,749 homes for sale in June 2024, a 3.1% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 157176
+12.1%
2 628665
+5.9%
3 1,4731,487
+1.0%
4 1,0741,105
+2.9%
5+ 303316
+4.3%

Summary: The Baldwin County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.1%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 4.3%.

Number of Homes Sold

May 2024Jun 2024CHANGE
535579+8.2%

Asking Price vs. Sold Price

350 Homes Were Sold
Under Asking

123 Homes Were Sold
At Asking

37 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Baldwin County, you may be able to get a good deal. 68.6% of homes here sold below asking price last month.

Summary: A total of 579 homes were sold or pending in Baldwin County in June 2024, up by 8.2% month-over-month. Of the 510 sold homes, 69% were sold under asking, 24% were sold at asking, and 7% were sold over asking.

Days on Market for Baldwin County, AL

How long does it take to sell a home in Baldwin County, AL?

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Baldwin County are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 579 homes were sold in Baldwin County; 0% 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in Baldwin County, AL

Nearby Markets to Baldwin County, AL

What housing markets are near Baldwin County, AL?