Is Orange Beach, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2022
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.
How much do homes in Orange Beach, AL cost?
Median Sold Price
$704,166
$514/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2022
+$91,806(+15.0%)
Key Takeaway
Homes in Orange Beach have sold for 15% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Apr 2022 | Apr 2023 | % |
|---|---|---|---|
| 1 Bedroom | $367.4K | $442K | +20.3% |
| 2 Bedrooms | $470.6K | $595K | +26.4% |
| 3 Bedrooms | $682.8K | $762.7K | +11.7% |
| 4 Bedrooms | $850K | $975K | +14.7% |
| 5+ Bedrooms | $1.8M | $1.6M | -10.4% |
Median Sold Price Compared To Nearby Cities
| Orange Beach | $612.3K | $704.1K | +15.0% |
| Gulf Shores | $399.9K | $441.9K | +10.5% |
How many homes are available in Orange Beach, AL?
Number of Homes For Sale
| Mar 2023 | Apr 2023 | % |
|---|---|---|
| 574 | 635 | +10.6% |
Homes For Sale By Bedroom Count
| # BEDS | Mar 2023 | Apr 2023 | % |
|---|---|---|---|
| 1 Bedroom | 39 | 46 | +17.9% |
| 2 Bedrooms | 112 | 127 | +13.4% |
| 3 Bedrooms | 271 | 297 | +9.6% |
| 4 Bedrooms | 108 | 121 | +12.0% |
| 5+ Bedrooms | 44 | 44 | 0.0% |
Number of Homes Sold
| Mar 2023 | Apr 2023 | % |
|---|---|---|
| 83 | 78 | -6.0% |
Asking Price vs. Sold Price
54 Homes Were Sold
Under Asking
21 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. 69.2% of homes here sold below asking price last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Orange Beach has remained consistent over time.
Listing information Copyright © 2023 Baldwin County Association of REALTORS®, Inc. All rights reserved. MLS IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of the Greater Alabama Multiple Listing Service, Inc. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the content is not guaranteed accurate by the MLS. There is no express or implied warranty by MLS of the accuracy of information which should be independently verified. The Greater Alabama Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Copyright© 2023 Greater Alabama Multiple Listing Service, Inc. All Rights Reserved.