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.
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
$445,000
$313/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Gulf Shores have sold for 1.2% more than they did a year ago.
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
Key Takeaway
If you're buying a home in Gulf Shores, you may be able to get a good deal. 77.3% of homes here sold below asking price last month.
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
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