August 2024 Baldwin County Real Estate Update

Baldwin REALTORS Multiple Listing Service reports significant year-over-year increases from August 2023 to August 2024 in average days on market for both the “Traditional Residential” and “Resort” areas, meaning listings across the county typically stayed in “Active” status longer before going under contract. Additionally, total closed sales decreased across both submarkets in comparison with the year prior. For August 2024, the “Resort” area saw average sales price increase by 0.5% from August 2023, resulting in an average of $790,106. Listings spent more time on the on market at an average of 104 days, compared to 74 days the year prior. A decrease was reported in total closed sales, as 132 properties sold in August 2024, compared to 183 in August 2023. “Traditional Residential” average sales price decreased by 7.1% from August 2023, resulting in $393,612. Properties stayed on market longer with an average of 58 days, which is 11 more days than the average a year ago. Total closed sales for this area of the county reports a loss of 67 properties from the previous year at 430 properties sold.