$7,422 Closing Credit*
$624,999
926 SqFt
2 Beds
•2 Full Baths
Constance Calambakas, Listing Office: Brett R/E Robinson Dev OB
Is Orange Beach, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, Orange Beach was a Seller's Market.
Key Takeaway
Orange Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Orange Beach, AL
How much do homes in Orange Beach, AL cost?
Median Sold Price
$738,216
$504/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$29,513(+4.2%)
Key Takeaway
Homes in Orange Beach have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Orange Beach was $738,216 in August 2024, up 4.2% from last year, and the median price per square foot was $504.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $430K | $486K | +13.0% |
| 2 Bedrooms | $607.5K | $585K | -3.7% |
| 3 Bedrooms | $750K | $775K | +3.3% |
| 4 Bedrooms | $1.0M | $999.5K | -0.1% |
| 5+ Bedrooms | $1.6M | $1.6M | +1.5% |
Summary: Orange Beach housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 1.5%.
Median Sold Price Compared To Nearby Cities
| Orange Beach | $708.7K | $738.2K | +4.2% |
| Gulf Shores | $459.9K | $458.2K | -0.4% |
Housing Supply in Orange Beach, AL
How many homes are available in Orange Beach, AL?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 717 | 810 | +13.0% |
Summary: The Orange Beach real estate market had 810 homes for sale in August 2024, a 13.0% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 55 | 66 | +20.0% |
| 2 Bedrooms | 189 | 204 | +7.9% |
| 3 Bedrooms | 314 | 351 | +11.8% |
| 4 Bedrooms | 110 | 133 | +20.9% |
| 5+ Bedrooms | 49 | 56 | +14.3% |
Summary: The Orange Beach housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 64 | 71 | +10.9% |
Asking Price vs. Sold Price
59 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Orange Beach, you may be able to get a good deal. 86.8% of homes here sold below asking price last month.
Summary: A total of 71 homes were sold or pending in Orange Beach in August 2024, up by 10.9% month-over-month. Of the 68 sold homes, 87% were sold under asking, 9% were sold at asking, and 4% were sold over asking.
Days on Market for Orange Beach, AL
How long does it take to sell a home in Orange Beach, AL?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 0 Days | 144 Days | +21530.0% |
Summary: Homes in Orange Beach had an average of 144 days on market in Aug 2024, up by 21530% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Orange Beach are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During August 2024, 71 homes were sold in Orange Beach; 1% of homes were sold within 30 days, 1% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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