Is Daphne, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Daphne has remained a Seller's Market.
Key Takeaway
Daphne is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Daphne, AL
How much do homes in Daphne, AL cost?
Median Sold Price
$319,788
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Daphne have sold for 6.5% less than they did a year ago.
Summary: The median home sold price in Daphne was $319,788 in March 2024, down 6.5% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $139.5K | $133K | -4.7% |
| 2 Bedrooms | $183.1K | $191.2K | +4.4% |
| 3 Bedrooms | $269.9K | $282K | +4.5% |
| 4 Bedrooms | $380K | $372.9K | -1.9% |
| 5+ Bedrooms | $427.5K | $499K | +16.7% |
Summary: Daphne housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.7%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 16.7%.
Median Sold Price Compared To Nearby Cities
| Spanish Fort | $336.2K | $348.5K | +3.6% |
| Fairhope | $484.6K | $482K | -0.5% |
| Daphne | $342.1K | $319.7K | -6.5% |
Housing Supply in Daphne, AL
How many homes are available in Daphne, AL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 380 | 443 | +16.6% |
Summary: The Daphne real estate market had 443 homes for sale in March 2024, a 16.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 26 | 27 | +3.8% |
| 3 Bedrooms | 134 | 168 | +25.4% |
| 4 Bedrooms | 175 | 193 | +10.3% |
| 5+ Bedrooms | 40 | 49 | +22.5% |
Summary: The Daphne housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 25.4%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 22.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 65 | 77 | +18.5% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Daphne, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 77 homes were sold or pending in Daphne in March 2024, up by 18.5% month-over-month. Of the 65 sold homes, 60% were sold under asking, 31% were sold at asking, and 9% were sold over asking.
Days on Market for Daphne, AL
We’re sorry, we don't have information for this market at the moment
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