Is Daphne, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Daphne was a Seller's Market.
Housing Prices in Daphne, AL
How much do homes in Daphne, AL cost?
Median Sold Price
$320,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Daphne was $320,000 in April 2024, down 7.3% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $139.5K | $135K | -3.2% |
2 Bedrooms | $185K | $186.2K | +0.7% |
3 Bedrooms | $270.5K | $280K | +3.5% |
4 Bedrooms | $381.9K | $372.7K | -2.4% |
5+ Bedrooms | $444K | $499.5K | +12.5% |
Summary: Daphne housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.2%, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 12.5%.
Median Sold Price Compared To Nearby Cities
Spanish Fort | $338.6K | $349.2K | +3.1% |
Fairhope | $477.3K | $490.9K | +2.8% |
Daphne | $345.1K | $320K | -7.3% |
Housing Supply in Daphne, AL
How many homes are available in Daphne, AL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
433 | 457 | +5.5% |
Summary: The Daphne real estate market had 457 homes for sale in April 2024, a 5.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 7 | +75.0% |
2 Bedrooms | 24 | 24 | 0.0% |
3 Bedrooms | 157 | 161 | +2.5% |
4 Bedrooms | 197 | 218 | +10.7% |
5+ Bedrooms | 51 | 47 | -7.8% |
Summary: The Daphne housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes remained the same, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes decreased by 7.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
71 | 70 | -1.4% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 70 homes were sold or pending in Daphne in April 2024, down by 1.4% month-over-month. Of the 66 sold homes, 56% were sold under asking, 32% were sold at asking, and 12% were sold over asking.
Days on Market for Daphne, AL
We’re sorry, we don't have information for this market at the moment