Baldwin County October Housing Report

According to Baldwin REALTORS Multiple Listing Service statistics, October saw a $16.5-million increase in total dollar amount of properties sold in a year-over-year comparison with October 2022. This is largely due to the incremental increases in average sales price in both the “Traditional Residential” and “Resort/Island”-based markets of Baldwin County. These price increases helped offset the loss of 11 property closings from October 2022 to October 2023. The “Resort” area reported an average sales price for last month at $709,683, an 8.5% increase from the previous year. Listings spent an average of 66 days on market, compared to 52 days in October 2022. Additionally, the “Resort” market added 248 new listings to its inventory, which is a 29.2% increase from last year, and closed sales increased by 9.7%. “Traditional Residential” saw an average sales price increase of 6.7% in the year-over-year comparison—from $380,444 in October 2022 to $405,996 this past month. Properties spent an average of 39 days on market, which was 13 days longer than the year prior. The amount of new inventory added to the market this month increased by 6.6% for this area of the county, but closed sales decreased by 6.3%.