Is Grand Bay, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Grand Bay is a buyer's market

Buyer's
Market

Difference Since December 2021

At the same time last year, Grand Bay was a Seller'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.

How much do homes in Grand Bay, AL cost?

Median Sold Price

$270,000

$141/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$30,000(+12.5%)

Key Takeaway

Homes in Grand Bay have sold for 12.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 --
N/A
2 $477.5K$96.9K
-79.7%
3 $216.5K$240K
+10.9%
4 $290K$348.9K
+20.3%
5+ $387.5K$500K
+29.0%

Median Sold Price Compared To Nearby Cities

Grand Bay
+12.5%
Tanner Williams
+12.4%

How many homes are available in Grand Bay, AL?

Number of Homes For Sale

Nov 2022Dec 2022%
4561+35.6%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 11
0.0%
2 01
+100.0%
3 1622
+37.5%
4 2430
+25.0%
5+ 47
+75.0%

Number of Homes Sold

Nov 2022Dec 2022%
16+500.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Grand Bay, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

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

About Grand Bay, AL

Grand Bay, AL has 61 homes for sale to choose from. In December 2022 in Grand Bay, AL there were 35.6% more homes for sale than in November 2022. Listing prices have changed in this real estate market between November 2022 and December 2022: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties decreased by 79.7%, the cost of 3 bedrooms properties went up by 10.9%, the cost of 4 bedrooms properties went up by 20.3%, 5 bedrooms properties prices increased by 29%. Volume of homes for sale changed: number of 1 bedroom homes remained the same, 2 bedrooms homes became 100% more available, 3 bedrooms homes became 37.5% more available, number of 4 bedrooms homes increased by 25%, number of 5 bedrooms homes increased by 75%. In December 2022 more than 1 listings in Grand Bay, AL were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 2 were sold below.

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