Is Baldwin County, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Baldwin County was a Seller's Market.
Housing Prices in Baldwin County, AL
How much do homes in Baldwin County, AL cost?
Median Sold Price
$386,770
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Baldwin County was $386,770 in March 2024, up 3.1% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $355.2K | $374.2K | +5.3% |
2 Bedrooms | $395K | $392.3K | -0.7% |
3 Bedrooms | $332.6K | $342.8K | +3.1% |
4 Bedrooms | $386.2K | $409.1K | +5.9% |
5+ Bedrooms | $609.6K | $636K | +4.3% |
Summary: Baldwin County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes decreased by 0.7%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Counties
Baldwin County | $375.2K | $386.7K | +3.1% |
Mobile County | $233.9K | $240K | +2.6% |
Escambia County | $175K | $178K | +1.7% |
Housing Supply in Baldwin County, AL
How many homes are available in Baldwin County, AL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2,996 | 3,496 | +16.7% |
Summary: The Baldwin County real estate market had 3,496 homes for sale in March 2024, a 16.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 140 | 161 | +15.0% |
2 Bedrooms | 546 | 653 | +19.6% |
3 Bedrooms | 1,187 | 1,400 | +17.9% |
4 Bedrooms | 889 | 1,007 | +13.3% |
5+ Bedrooms | 234 | 275 | +17.5% |
Summary: The Baldwin County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15%, 2 bedroom homes increased by 19.6%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 17.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
352 | 474 | +34.7% |
Asking Price vs. Sold Price
298 Homes Were Sold
Under Asking
103 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 474 homes were sold or pending in Baldwin County in March 2024, up by 34.7% month-over-month. Of the 423 sold homes, 70% were sold under asking, 24% were sold at asking, and 5% 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
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 474 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.