Is Dauphin Island, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Dauphin Island was a Neutral Market.
Key Takeaway
Dauphin Island is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Dauphin Island, AL
How much do homes in Dauphin Island, AL cost?
Median Sold Price
$454,627
$341/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Dauphin Island have sold for 23.9% less than they did a year ago.
Summary: The median home sold price in Dauphin Island was $454,627 in March 2024, down 23.9% from last year, and the median price per square foot was $341.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $307.5K | N/A |
| 2 Bedrooms | $444.5K | $374.8K | -15.7% |
| 3 Bedrooms | $636.1K | $435K | -31.6% |
| 4 Bedrooms | $775K | $800K | +3.2% |
| 5+ Bedrooms | - | $1.0M | N/A |
Summary: Dauphin Island housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.7%, 3 bedroom homes decreased by 31.6%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes did not change.
Housing Supply in Dauphin Island, AL
How many homes are available in Dauphin Island, AL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 59 | 89 | +50.8% |
Summary: The Dauphin Island real estate market had 89 homes for sale in March 2024, a 50.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 9 | 12 | +33.3% |
| 3 Bedrooms | 22 | 40 | +81.8% |
| 4 Bedrooms | 21 | 25 | +19.0% |
| 5+ Bedrooms | 6 | 12 | +100.0% |
Summary: The Dauphin Island housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 81.8%, 4 bedroom homes increased by 19%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dauphin Island, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Dauphin Island in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Dauphin Island, AL
We’re sorry, we don't have information for this market at the moment
Listing information Copyright © 2024 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.