Is Daphne, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$323,577
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Daphne have sold for 6.9% less than they did a year ago.
Summary: The median home sold price in Daphne was $323,577 in May 2024, down 6.9% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $139.5K | $135K | -3.2% |
| 2 Bedrooms | $185K | $197.4K | +6.7% |
| 3 Bedrooms | $275.7K | $282.1K | +2.3% |
| 4 Bedrooms | $380.4K | $368.3K | -3.2% |
| 5+ Bedrooms | $453.1K | $500K | +10.3% |
Summary: Daphne housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.2%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 10.3%.
Median Sold Price Compared To Nearby Cities
| Spanish Fort | $337.5K | $375K | +11.1% |
| Fairhope | $478.3K | $474.5K | -0.8% |
| Daphne | $347.7K | $323.5K | -6.9% |
Housing Supply in Daphne, AL
How many homes are available in Daphne, AL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 449 | 495 | +10.2% |
Summary: The Daphne real estate market had 495 homes for sale in May 2024, a 10.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 25 | 24 | -4.0% |
| 3 Bedrooms | 142 | 164 | +15.5% |
| 4 Bedrooms | 224 | 240 | +7.1% |
| 5+ Bedrooms | 52 | 60 | +15.4% |
Summary: The Daphne housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 15.5%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 70 | 86 | +22.9% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Daphne, you may be able to get a good deal. 56.9% of homes here sold below asking price last month.
Summary: A total of 86 homes were sold or pending in Daphne in May 2024, up by 22.9% month-over-month. Of the 72 sold homes, 57% were sold under asking, 31% were sold at asking, and 13% 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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