Is Gulf Shores, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Gulf Shores was a Seller's Market.
Housing Prices in Gulf Shores, AL
How much do homes in Gulf Shores, AL cost?
Median Sold Price
$443,153
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Gulf Shores was $443,153 in April 2024, down 0.6% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $355K | $340K | -4.2% |
2 Bedrooms | $399K | $385K | -3.5% |
3 Bedrooms | $434.3K | $443.3K | +2.1% |
4 Bedrooms | $545K | $509.9K | -6.4% |
5+ Bedrooms | $1.0M | $1.0M | +0.7% |
Summary: Gulf Shores housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.2%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes increased by 0.7%.
Median Sold Price Compared To Nearby Cities
Foley | $309.8K | $329.9K | +6.5% |
Orange Beach | $704K | $724.1K | +2.8% |
Gulf Shores | $446K | $443.1K | -0.6% |
Housing Supply in Gulf Shores, AL
How many homes are available in Gulf Shores, AL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
918 | 983 | +7.1% |
Summary: The Gulf Shores real estate market had 983 homes for sale in April 2024, a 7.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 76 | 84 | +10.5% |
2 Bedrooms | 296 | 321 | +8.4% |
3 Bedrooms | 292 | 311 | +6.5% |
4 Bedrooms | 174 | 177 | +1.7% |
5+ Bedrooms | 80 | 90 | +12.5% |
Summary: The Gulf Shores housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
104 | 113 | +8.7% |
Asking Price vs. Sold Price
86 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 113 homes were sold or pending in Gulf Shores in April 2024, up by 8.7% month-over-month. Of the 100 sold homes, 86% were sold under asking, 11% were sold at asking, and 3% were sold over asking.
Days on Market for Gulf Shores, AL
How long does it take to sell a home in Gulf Shores, AL?
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
Summary: During April 2024, 113 homes were sold in Gulf Shores; 0% of homes were sold within 30 days, 1% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.