Is Grand Bay, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Grand Bay has remained a Buyer's Market.
Key Takeaway
Grand Bay is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Grand Bay, AL
How much do homes in Grand Bay, AL cost?
Median Sold Price
$230,000
$118/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Grand Bay have sold for 24.6% less than they did a month ago.
Summary: The median home sold price in Grand Bay was $230,000 in April 2024, down 24.6% from last month, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $130.5K | - | N/A |
| 3 Bedrooms | $305K | $230K | -24.6% |
| 4 Bedrooms | $335K | $217.4K | -35.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Grand Bay housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 24.6%, 4 bedroom homes decreased by 35.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Bayou La Batre | $154.8K | $117K | -24.4% |
| Grand Bay | $305K | $230K | -24.6% |
Housing Supply in Grand Bay, AL
How many homes are available in Grand Bay, AL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 71 | 100 | +40.8% |
Summary: The Grand Bay real estate market had 100 homes for sale in April 2024, a 40.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 30 | 46 | +53.3% |
| 4 Bedrooms | 35 | 48 | +37.1% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Grand Bay housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 53.3%, 4 bedroom homes increased by 37.1%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Grand Bay, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Grand Bay in April 2024, up by 60.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for Grand Bay, AL
How long does it take to sell a home in Grand Bay, AL?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Grand Bay are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Grand Bay; 13% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listing information Copyright © 2024 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.