Is Gulf Shores, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$449,512
$306/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
The sold price of homes in Gulf Shores has remained the same since last year.
Summary: The median home sold price in Gulf Shores was $449,512 in June 2024, down 0.1% from last year, and the median price per square foot was $306.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350.1K | $345K | -1.5% |
| 2 Bedrooms | $402.4K | $392.5K | -2.5% |
| 3 Bedrooms | $433.3K | $433.7K | 0.1% |
| 4 Bedrooms | $526.6K | $510K | -3.2% |
| 5+ Bedrooms | $924.7K | $1.1M | +24.4% |
Summary: Gulf Shores housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.5%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes increased by 0.1%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 24.4%.
Median Sold Price Compared To Nearby Cities
| Foley | $312.9K | $335K | +7.0% |
| Orange Beach | $700.5K | $734.6K | +4.9% |
| Gulf Shores | $449.8K | $449.5K | -0.1% |
Housing Supply in Gulf Shores, AL
How many homes are available in Gulf Shores, AL?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 960 | 990 | +3.1% |
Summary: The Gulf Shores real estate market had 990 homes for sale in June 2024, a 3.1% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 74 | 80 | +8.1% |
| 2 Bedrooms | 295 | 311 | +5.4% |
| 3 Bedrooms | 326 | 333 | +2.1% |
| 4 Bedrooms | 179 | 179 | 0.0% |
| 5+ Bedrooms | 86 | 87 | +1.2% |
Summary: The Gulf Shores housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.1%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 2.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 1.2%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 107 | 108 | +0.9% |
Asking Price vs. Sold Price
84 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gulf Shores, you may be able to get a good deal. 88.4% of homes here sold below asking price last month.
Summary: A total of 108 homes were sold or pending in Gulf Shores in June 2024, up by 0.9% month-over-month. Of the 95 sold homes, 88% were sold under asking, 9% were sold at asking, and 2% 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
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