Is Orange Beach, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Orange Beach was a Seller's Market.
Housing Prices in Orange Beach, AL
How much do homes in Orange Beach, AL cost?
Median Sold Price
$724,285
$514/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Orange Beach was $724,285 in February 2024, up 3.5% from last year, and the median price per square foot was $514.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $415K | $460K | +10.8% |
2 Bedrooms | $602.5K | $605K | 0.4% |
3 Bedrooms | $765K | $752.5K | -1.6% |
4 Bedrooms | $943.1K | $1.0M | +15.8% |
5+ Bedrooms | $1.7M | $2.3M | +37.5% |
Summary: Orange Beach housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.8%, 2 bedroom homes increased by 0.4%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 37.5%.
Median Sold Price Compared To Nearby Cities
Gulf Shores | $429.8K | $446.1K | +3.8% |
Orange Beach | $700K | $724.2K | +3.5% |
Housing Supply in Orange Beach, AL
How many homes are available in Orange Beach, AL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
566 | 661 | +16.8% |
Summary: The Orange Beach real estate market had 661 homes for sale in February 2024, a 16.8% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 48 | 54 | +12.5% |
2 Bedrooms | 150 | 175 | +16.7% |
3 Bedrooms | 243 | 282 | +16.0% |
4 Bedrooms | 89 | 107 | +20.2% |
5+ Bedrooms | 36 | 43 | +19.4% |
Summary: The Orange Beach housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 20.2%, and 5+ bedroom homes increased by 19.4%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
50 | 56 | +12.0% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 56 homes were sold or pending in Orange Beach in February 2024, up by 12.0% month-over-month. Of the 52 sold homes, 79% were sold under asking, 17% were sold at asking, and 4% were sold over asking.
Days on Market for Orange Beach, AL
We’re sorry, we don't have information for this market at the moment