$4,501 Closing Credit*
$379,000
2,026 SqFt
4 Beds
•2 Full Baths
Brittany Wallace Reeves, Listing Office: McCarron Real Estate LLC
Is Daphne, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Daphne was a Seller's Market.
Key Takeaway
Daphne is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Daphne, AL
How much do homes in Daphne, AL cost?
Median Sold Price
$340,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$1,522(-0.4%)
Key Takeaway
The sold price of homes in Daphne has remained the same since last year.
Summary: The median home sold price in Daphne was $340,000 in October 2024, down 0.4% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $144K | $131.5K | -8.7% |
| 2 Bedrooms | $185K | $185K | 0.0% |
| 3 Bedrooms | $282.5K | $287K | +1.6% |
| 4 Bedrooms | $374.9K | $364.5K | -2.8% |
| 5+ Bedrooms | $420K | $499.5K | +18.9% |
Summary: Daphne housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.7%, 2 bedroom homes did not change, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 18.9%.
Median Sold Price Compared To Nearby Cities
| Fairhope | $457.2K | $491K | +7.4% |
| Spanish Fort | $363.5K | $379.9K | +4.5% |
| Daphne | $341.5K | $340K | -0.4% |
Housing Supply in Daphne, AL
How many homes are available in Daphne, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 484 | 522 | +7.9% |
Summary: The Daphne real estate market had 522 homes for sale in October 2024, a 7.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 20 | 26 | +30.0% |
| 3 Bedrooms | 180 | 191 | +6.1% |
| 4 Bedrooms | 241 | 250 | +3.7% |
| 5+ Bedrooms | 39 | 52 | +33.3% |
Summary: The Daphne housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 77 | 63 | -18.2% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Daphne, you may be able to get a good deal. 60.3% of homes here sold below asking price last month.
Summary: A total of 63 homes were sold or pending in Daphne in October 2024, down by 18.2% month-over-month. Of the 58 sold homes, 60% were sold under asking, 22% were sold at asking, and 17% were sold over asking.
Days on Market for Daphne, AL
How long does it take to sell a home in Daphne, AL?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Daphne are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 63 homes were sold in Daphne; 2% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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.