Market Reports by Rob Brooks Realty

Gulf Shores, AL

Single-Family Homes

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Gulf Shores, AL

Mon Oct 07 2024
This week the median list price for Gulf Shores, AL is $792,900 with the market action index hovering around 27. This is less than last month's market action index of 29. Inventory has increased to 353. Click here to stay informed with the Gulf Shores market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Market Narrative

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Gulf Shores, AL

Mon Oct 07 2024
This week the median list price for Gulf Shores, AL is $792,900 with the market action index hovering around 27. This is less than last month's market action index of 29. Inventory has increased to 353. Click here to stay informed with the Gulf Shores market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Market Narrative

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Gulf Shores market.
Median List Price $792,900
Median Price of New Listings $625,000
Per Square Foot $425
Average Days on Market 145
Median Days on Market 98
Price Decreased 38%
Price Increased 5%
Relisted 12%
Inventory 353
Median Rent
Market Action 27
Slight Buyer's Advantage

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,692,500 2,993 0.25 - 0.5 acre 5 4.5 19 3 9 112
$895,000 1,890 8,000 - 10,000 sqft 4 3 19 11 6 136
$699,000 1,653 8,000 - 10,000 sqft 3 3 12 3 5 126
$459,000 1,787 8,000 - 10,000 sqft 3 2 19 16 6 63