Is Grand Bay, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Grand Bay has remained a Buyer's Market.
Key Takeaway
Grand Bay is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Grand Bay, AL
How much do homes in Grand Bay, AL cost?
Median Sold Price
$320,000
$134/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Grand Bay have sold for 2.7% more than they did a month ago.
Summary: The median home sold price in Grand Bay was $320,000 in March 2024, up 2.7% from last month, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $171.5K | $305K | +77.8% |
| 4 Bedrooms | $361.8K | $335K | -7.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: Grand Bay housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 77.8%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes did not change.
Housing Supply in Grand Bay, AL
How many homes are available in Grand Bay, AL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 72 | 92 | +27.8% |
Summary: The Grand Bay real estate market had 92 homes for sale in March 2024, a 27.8% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 32 | 41 | +28.1% |
| 4 Bedrooms | 31 | 41 | +32.3% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Grand Bay 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 28.1%, 4 bedroom homes increased by 32.3%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grand Bay, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Grand Bay in March 2024, down by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
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