Grand Bay Housing Market Report January 2025Mobile County, Alabama

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Housing Prices in Grand Bay, AL

How much do homes in Grand Bay, AL cost?

Housing Market Conditions

Is Grand Bay, AL a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Grand Bay is a Buyer's Market

Difference Since December 2024

Last month, Grand Bay has remained a Buyer's Market.

Insight

Grand Bay is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$272,500$180/SqFt
-$2,000
-0.7%

Based on all homes sold in January 2025

Insight

Homes in Grand Bay have sold for 0.7% less than they did a month ago.

Summary: The median home sold price in Grand Bay was $272,500 in January 2025, down 0.7% from last month, and the median price per square foot was $180.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2024Jan 2025Change YoY
1--
N/A
2--
N/A
3$260K$272.5K
+4.8%
4$289K-
N/A
5--
N/A

Summary: Grand Bay housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes increased by +4.8%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

Housing supply in Grand Bay, AL

How many homes are available in Grand Bay, AL?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
113Last MonthJan 2025
782 months agoDec 2024
+44.9 %
Change MoMDec – Jan

Summary: The Grand Bay real estate market had 113 homes for sale in Jan 2025, a 44.9 % increase compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
4Last MonthJan 2025
62 months agoDec 2024
-33.3 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
100
0.0%
211
0.0%
34367
+55.8%
42936
+24.1%
559
+80.0%

Summary: Grand Bay housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +55.8%. The inventory for 4 bedroom homes increased by +24.1%. The inventory for 5 bedroom homes increased by +80.0%.

Asking Price vs. Sold Price

How much do homes in Grand Bay, AL cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price2 Homes

Under Asking Price1 Home

Insight

If you're buying a home in Grand Bay, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in Grand Bay in January 2025, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and and 25% were sold over asking.

Days on Market for Grand Bay, AL

How long does it take to sell a home in Grand Bay, AL?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

Avg time on Rocket Homes in Grand Bay has remained consistent over time.

Summary: During January 2025, 4 homes were sold in Grand Bay; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
35 DaysLast MonthJan 2025
0 Days1 month agoDec 2024
0.0 %
Change MoMDec – Jan

Summary: Homes in Grand Bay had an average listing age of 35 days in Jan 2025, down by .0% compared to the previous month.

Newest Listings in Grand Bay, AL

What homes are available in Grand Bay, AL?

MLS Disclaimers and Copyright

Based on information from Gulf Coast Multiple Listing Service, Baldwin County MLS Inc., and ValleyMLS for the period 12/01/2024 - 02/01/2025

Information is provided by Gulf Coast Multiple Listing Service, Inc. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2025 Gulf Coast Multiple Listing Service, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/22/2025, 9:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Listing information Copyright © 2025 Baldwin County Association of REALTORS®, Inc. All rights reserved. MLS IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/22/2025, 9:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to ValleyMLS on this Web site derived in part from the VALLEYMLS.COM MLS (VALLEYMLS.COM) IDX datashare program. © 2025 Valley MLS, Inc.

All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/22/2025, 9:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.