Baldwin County August Housing Report
Baldwin REALTORS Multiple Listing Service (MLS) reports year-over-year increases from August 2022 to August 2023 in average sales price and days on market for both the “Traditional Residential” and “Resort” areas of Baldwin County. Housing supply continues to be low on a national scale, resulting in demand that continues to drive up prices. For August 2023, “Resort” saw average sales price increase by 10.1% from August 2022, resulting in an average of $780,293. Listings spent more time on the market at an average of 76 days, compared to just 38 days the year prior. A decrease was reported in total closed sales as 178 properties sold in August 2023, compared to 203 in August 2022. “Traditional Residential” area also saw average sales price increase by 9.4% from August 2022 at $425,698. Properties stayed on market longer at an average of 47 days, which is 26 more days than the average a year ago. Total closed sales for this area of the county reports a gain of three additional properties from the previous year at 484.
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