Is Gulf Shores, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Gulf Shores was a Seller's Market.
Housing Prices in Gulf Shores, AL
How much do homes in Gulf Shores, AL cost?
Median Sold Price
$445,000
$313/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Gulf Shores was $445,000 in March 2024, up 1.2% from last year, and the median price per square foot was $313.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $349.1K | $340K | -2.6% |
2 Bedrooms | $398.3K | $385K | -3.3% |
3 Bedrooms | $425.5K | $448K | +5.3% |
4 Bedrooms | $547.2K | $509.9K | -6.8% |
5+ Bedrooms | $1.0M | $985K | -5.8% |
Summary: Gulf Shores housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.6%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes decreased by 5.8%.
Median Sold Price Compared To Nearby Cities
Foley | $306.7K | $327.4K | +6.8% |
Orange Beach | $700K | $722.3K | +3.2% |
Gulf Shores | $439.9K | $445K | +1.2% |
Housing Supply in Gulf Shores, AL
How many homes are available in Gulf Shores, AL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
843 | 967 | +14.7% |
Summary: The Gulf Shores real estate market had 967 homes for sale in March 2024, a 14.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 67 | 82 | +22.4% |
2 Bedrooms | 264 | 316 | +19.7% |
3 Bedrooms | 271 | 303 | +11.8% |
4 Bedrooms | 172 | 183 | +6.4% |
5+ Bedrooms | 69 | 83 | +20.3% |
Summary: The Gulf Shores housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.4%, 2 bedroom homes increased by 19.7%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 20.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
75 | 110 | +46.7% |
Asking Price vs. Sold Price
75 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 110 homes were sold or pending in Gulf Shores in March 2024, up by 46.7% month-over-month. Of the 97 sold homes, 77% were sold under asking, 20% were sold at asking, and 3% 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