$50,000
0.80 Acres
Land
Kennon Henderson, Listing Office: Elite Mobile Real Estate
Is Daphne, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$342,417
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$4,046(+1.2%)
Key Takeaway
Homes in Daphne have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in Daphne was $342,417 in November 2024, up 1.2% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $132.5K | -5.4% |
| 2 Bedrooms | $185K | $185K | 0.0% |
| 3 Bedrooms | $283K | $289.9K | +2.4% |
| 4 Bedrooms | $372.4K | $365.4K | -1.9% |
| 5+ Bedrooms | $440K | $495K | +12.5% |
Summary: Daphne housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.4%, 2 bedroom homes did not change, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 12.5%.
Median Sold Price Compared To Nearby Cities
| Fairhope | $454.3K | $496.2K | +9.2% |
| Spanish Fort | $363.5K | $379.9K | +4.5% |
| Daphne | $338.3K | $342.4K | +1.2% |
Housing Supply in Daphne, AL
How many homes are available in Daphne, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 477 | 510 | +6.9% |
Summary: The Daphne real estate market had 510 homes for sale in November 2024, a 6.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 26 | 30 | +15.4% |
| 3 Bedrooms | 167 | 180 | +7.8% |
| 4 Bedrooms | 236 | 244 | +3.4% |
| 5+ Bedrooms | 45 | 54 | +20.0% |
Summary: The Daphne housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 60 | 67 | +11.7% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Daphne, you may be able to get a good deal. 55.7% of homes here sold below asking price last month.
Summary: A total of 67 homes were sold or pending in Daphne in November 2024, up by 11.7% month-over-month. Of the 61 sold homes, 56% were sold under asking, 38% were sold at asking, and 7% were sold over asking.
Days on Market for Daphne, 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.