Is Grand Bay, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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
| # BEDS | Dec 2021 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $477.5K | $96.9K | -79.7% |
| 3 Bedrooms | $216.5K | $240K | +10.9% |
| 4 Bedrooms | $290K | $348.9K | +20.3% |
| 5+ Bedrooms | $387.5K | $500K | +29.0% |
Median Sold Price Compared To Nearby Cities
| Grand Bay | $240K | $270K | +12.5% |
| Tanner Williams | $225K | $252.9K | +12.4% |
How many homes are available in Grand Bay, AL?
Number of Homes For Sale
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 45 | 61 | +35.6% |
Homes For Sale By Bedroom Count
| # BEDS | Nov 2022 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 16 | 22 | +37.5% |
| 4 Bedrooms | 24 | 30 | +25.0% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Number of Homes Sold
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 1 | 6 | +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
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.
Listing information Copyright © 2023 Baldwin County Association of REALTORS®, Inc. All rights reserved. MLS IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.