April 2024 Gulf Coast AL Real Estate Market Snapshot

In the Resort area of Baldwin County (all of Orange Beach, Fort Morgan, and anything in Gulf Shores south of Canal Rd/180), average sales price saw a 6.8% increase from April 2023, resulting in an average of $764,465. Listings spent more time on the on market at an average of 84 days, compared to 65 days the year prior. New inventory for this area of the county slowed by 37 properties in a year-over-year comparison, bringing in 346 new listings versus 383 last year. A decrease was reported in Total Closed Sales as 167 properties sold in April 2024, compared to 200 in April 2023.

Coastal Condos:

Residential Properties sold in April 2024: 107

Average Sales Price: $651,645

Average Days on Market: 81

Average Sales Price Change from April 2023: Decreased 3.5%

Coastal Homes:

Residential Properties sold in April 2024: 97

Average Sales Price: $838,670

Average Days on Market: 86

Average Sales Price Change from April 2023: Increased 20.5%

Pfabulous Real Estate is an investor friendly real estate team based in Orange Beach AL specializing in vacation rental property sales.

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