Ono Island New Construction Market Overview
By Meredith Amon. Licensed in Alabama and Florida
Ono Island New Construction Market Analysis
Over the past 12 months, the new construction market on Ono Island has shown steady activity. Here’s a breakdown of the current market status, including active listings, pending sales, and closed transactions.
Market Overview ( As of May 5, 2025 )
Active Listings
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Total Active Listings: 7 properties
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Price Range: From $740,000 to $5.3 million
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Average List Price: $1.56 million
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Median Price: $990,000
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Average Size: 2,834 sq. ft.
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Average Days on Market (DOM): 231 days
These active listings highlight the variety in pricing, with some higher-end homes priced over $5 million and others more moderately priced around $740,000. The longer DOM (average of 231 days) reflects the need for careful pricing and marketing strategies to ensure homes move quickly.
Pending Listings
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Total Pending Listings: 2 properties
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Average Price: $1.01 million
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Average Size: 3,006 sq. ft.
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Average DOM: 52 days
These properties are showing promising interest and have averaged a shorter DOM compared to the active listings, indicating that homes in this price range are more likely to sell in a reasonable timeframe.
Closed Listings
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Total Closed Listings: 4 properties
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Price Range: From $976,500 to $1.85 million
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Average Sale Price: $1.33 million
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Median Sale Price: $1.25 million
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Average Size: 3,562 sq. ft.
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Average DOM: 95 days
The closed listings confirm that properties priced within the $1 million to $1.5 million range are seeing faster turnover. The average DOM for closed homes (95 days) reflects healthy sales in this segment.
Absorption Rates & Market Trends:
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Absorption Rate: The market shows stable demand, with no significant fluctuations. The average DOM for both active and closed homes suggests a stable absorption rate, meaning properties are selling at a consistent pace without excessive market congestion.
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Months of Housing Supply: The current market is in balance, with a healthy mix of listings that are actively being absorbed. The longer DOM for higher-priced homes suggests that these may take longer to sell but remain competitive with the right pricing strategy.
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When it comes to finding the home of your dreams in a fast-paced market, knowing about new listings as soon as they are available is part of our competitive advantage.Sign up to see new listings in an area or specific community. Contact Meredith with any questions you may have.Search Ono Island New Construction Homes and Real Estate Listings For Sale | Orange Beach Alabama Real Estate
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