Is Bay Minette, 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, Bay Minette was a Seller's Market.
Key Takeaway
Bay Minette is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bay Minette, AL
How much do homes in Bay Minette, AL cost?
Median Sold Price
$240,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Bay Minette have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Bay Minette was $240,000 in March 2024, up 8.8% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $135.5K | $119.2K | -12.0% |
| 3 Bedrooms | $212.5K | $232.5K | +9.4% |
| 4 Bedrooms | $279.9K | $279.9K | 0.0% |
| 5+ Bedrooms | $390K | $295K | -24.4% |
Summary: Bay Minette housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12%, 3 bedroom homes increased by 9.4%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 24.4%.
Housing Supply in Bay Minette, AL
How many homes are available in Bay Minette, AL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 64 | 70 | +9.4% |
Summary: The Bay Minette real estate market had 70 homes for sale in March 2024, a 9.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 39 | 41 | +5.1% |
| 4 Bedrooms | 13 | 17 | +30.8% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Bay Minette housing inventory by bedroom type for March 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 5.1%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bay Minette, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Bay Minette in March 2024, down by 27.3% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.
Days on Market for Bay Minette, AL
How long does it take to sell a home in Bay Minette, AL?
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 Bay Minette are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Bay Minette; 13% 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.
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Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. 
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