Foley, Alabama Real Estate Market Report October 2024

Foley, Alabama Real Estate Market Report (Last 30 Days)

Market Overview: Foley, Alabama is experiencing strong growth, offering various opportunities for homebuyers and investors. With its proximity to the beaches of Orange Beach and Gulf Shores, and a thriving new construction market, Foley presents a blend of affordability and modern living. Whether you're looking to purchase or sell, the area offers compelling choices, and Meredith Amon is available to guide you through the process.

Key Market Statistics:

Total Active Listings (Single-Family Homes): 100 properties
Average List Price: $328,050
Median List Price: $329,669
List Price Range: $119,000 – $654,900
Average Days on Market (DOM): 116 days
Average Price Per Square Foot: $187.88
Price Per Square Foot Range: $99.84 – $403.76
Average Living Area: 1,775 sq. ft.
New Construction Properties: Multiple homes built in 2024, showing an active market for new developments.

New Construction Trends: Foley is seeing rapid development, particularly with modern construction homes in neighborhoods like River Oaks, Live Oak Village, and Roberts Cove. Homes in these areas feature:

Sizes ranging from 1,500 to 2,500 sq. ft.
Prices per square foot around $184–$230, offering a good value for modern homes with energy-efficient designs.

Popular Neighborhoods:

River Oaks: New traditional-style homes priced around $320,000–$330,000, with spacious layouts.
Live Oak Village: Popular with buyers seeking larger homes, typically priced between $330,000–$340,000, with expansive living areas of over 1,800 sq. ft.
Roberts Cove: Offers affordable, newly built homes priced from $300,000 to $370,000 with modern amenities and proximity to local conveniences.

Is Foley, Alabama a Good Place to Buy and Live? Absolutely! Foley is a highly attractive location due to:

Proximity to the Gulf Coast: Just a short drive from beautiful beaches in Orange Beach and Gulf Shores.
Affordable Living: Housing options are competitively priced compared to neighboring beach areas.
New Construction Opportunities: A growing inventory of modern homes with the latest features.
Family-Friendly Environment: Strong community values, good schools, and abundant outdoor recreational options.
Growing Market: With continued development, Foley is set to be a prime location for buyers looking to invest in a home near the coast.

With a range of homes available, from cozy cottages to expansive traditional homes, Foley offers something for everyone. Whether you're planning to buy or sell, Meredith Amon is here to assist you every step of the way in achieving your real estate goals.

For more information or to schedule a consultation, contact Meredith Amon today.