The Perdido Beach housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have increased 655.1% in the past month alone. With 5.0 months of supply, Perdido Beach's inventory levels remain relatively tight. Homes are taking about 32 days to sell, which is NaN days longer than this time last year. A significant 60.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Perdido Beach market with the affordability index at 23717.9. Based on current market indicators, home prices in Perdido Beach are projected to decrease by approximately 14.3% over the next month.
Perdido Beach, AL has a total population of 454 residents. The area is predominantly White (96.5%), The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in Perdido Beach, AL.
Market predictions for Perdido Beach, AL show relatively stable home prices with minimal change (0.8%) over the recent period. This suggests a gradual price adjustment in the market. The current median home price in Perdido Beach, AL is approximately $1,597,010.318. The stable price trend suggests a balanced market in Perdido Beach, AL, suitable for both buyers and sellers.
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