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September 2024 Alabama Gulf Coast Real Estate Stats
Alabama's Gulf Coast contains several real estate markets depending on location and price point—just to name a few factors. The graphic below shows real estate statistics for September 2024, the latest month available.
Vital Signs provides a visual representation of what's happening in the Alabama Gulf Coast real estate market. The color-coded numbers represent the absorption rate; the number of months it would take to sell every home on the market in a particular price range if no others were added. If the market is moving quickly, the absorption rate will fall below six months of supply, and if it's more of a buyer's market, it will jump above six months of supply. The rate is determined by dividing the number of units currently on the market by the number sold in the past month.
In September 2024, Baldwin County continued to show a seller's market for the most part, specifically in the $200k - $500k price range (not including coastal markets). Almost the entire coastal market was a buyer's market for the month of September 2024, with a small seller's market gap within the $300k - $500k range for Orange Beach single family homes.
Mobile County, in September 2024, displayed almost an entire buyer's market. The seller's market exceptions lie in the $300k - $500k price range for the Springhill and West Mobile areas, $200k - $300k in Semmes, and $300k - $400k and $700k - $1M ranges in Saraland.
Both counties continue to provide balanced markets depending on price range and specific city or area in the county.
For updated information for your specific neighborhood, as some are still experiencing low supply in certain price points, contact your Bellator agent today.
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