Is Gulf Shores, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gulf Shores is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Gulf Shores was a Seller's Market.

Key Takeaway

Gulf Shores is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Gulf Shores, AL

How much do homes in Gulf Shores, AL cost?

Median Sold Price

$444,876

$309/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$3,059(-0.7%)

Key Takeaway

Homes in Gulf Shores have sold for 0.7% less than they did a year ago.

Summary: The median home sold price in Gulf Shores was $444,876 in May 2024, down 0.7% from last year, and the median price per square foot was $309.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $355K$344.7K
-2.9%
2 $400K$395K
-1.3%
3 $434.4K$429.6K
-1.1%
4 $545K$505K
-7.3%
5+ $1.0M$992.5K
-4.6%

Summary: Gulf Shores housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.9%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes decreased by 4.6%.

Median Sold Price Compared To Nearby Cities

Foley
+7.1%
Orange Beach
+3.0%
Gulf Shores
-0.7%

Housing Supply in Gulf Shores, AL

How many homes are available in Gulf Shores, AL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
9281,015+9.4%

Summary: The Gulf Shores real estate market had 1,015 homes for sale in May 2024, a 9.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 7778
+1.3%
2 301320
+6.3%
3 290331
+14.1%
4 179190
+6.1%
5+ 8196
+18.5%

Summary: The Gulf Shores housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 1.3%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 18.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
102113+10.8%

Asking Price vs. Sold Price

79 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gulf Shores, you may be able to get a good deal. 81.4% of homes here sold below asking price last month.

Summary: A total of 113 homes were sold or pending in Gulf Shores in May 2024, up by 10.8% month-over-month. Of the 97 sold homes, 81% were sold under asking, 13% were sold at asking, and 5% were sold over asking.

Days on Market for Gulf Shores, AL

We’re sorry, we don't have information for this market at the moment

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

Report Updated 17 Days Ago

Newest Listings in Gulf Shores, AL

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