Is Orange Beach, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Orange Beach was a Seller's Market.
Housing Prices in Orange Beach, AL
How much do homes in Orange Beach, AL cost?
Median Sold Price
$724,883
$512/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Orange Beach was $724,883 in May 2024, up 3% from last year, and the median price per square foot was $512.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $427K | $467.5K | +9.5% |
2 Bedrooms | $605K | $610K | +0.8% |
3 Bedrooms | $759.9K | $752.2K | -1.0% |
4 Bedrooms | $1.0M | $1.0M | +4.7% |
5+ Bedrooms | $1.5M | $2.4M | +54.8% |
Summary: Orange Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.5%, 2 bedroom homes increased by 0.8%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 54.8%.
Median Sold Price Compared To Nearby Cities
Orange Beach | $703.9K | $724.8K | +3.0% |
Gulf Shores | $447.9K | $444.8K | -0.7% |
Housing Supply in Orange Beach, AL
How many homes are available in Orange Beach, AL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
722 | 787 | +9.0% |
Summary: The Orange Beach real estate market had 787 homes for sale in May 2024, a 9.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 58 | 61 | +5.2% |
2 Bedrooms | 199 | 219 | +10.1% |
3 Bedrooms | 312 | 334 | +7.1% |
4 Bedrooms | 112 | 126 | +12.5% |
5+ Bedrooms | 41 | 47 | +14.6% |
Summary: The Orange Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.2%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 14.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
71 | 92 | +29.6% |
Asking Price vs. Sold Price
70 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 92 homes were sold or pending in Orange Beach in May 2024, up by 29.6% month-over-month. Of the 82 sold homes, 85% were sold under asking, 12% were sold at asking, and 2% were sold over asking.
Days on Market for Orange Beach, AL
We’re sorry, we don't have information for this market at the moment