With 8.8 months of inventory, Dauphin Island is currently in a buyer's market. Home prices have decreased 17.0% in the past month. With 115 active listings, inventory is 55% higher than seasonal norms. Homes are now taking an average of 163 days to sell, significantly longer than the 43 days typical for this market. Only 7.7% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Dauphin Island market with the affordability index at 2313.6. Current trends suggest further price adjustments may occur as the market continues to favor buyers.
Dauphin Island, AL has a total population of 1,636 residents. The area is predominantly White (95.9%), The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in Dauphin Island, AL.
Crime analysis for Dauphin Island, AL shows 16 total incidents across all categories. The most prevalent crime type is Property Crime (62.5% of all incidents). This is followed by Assault at 37.5%. The crime rate in Dauphin Island, AL is very low, with violent crimes being more common than property crimes. This suggests Dauphin Island, AL is generally a safe area for residents and visitors.
Market predictions for Dauphin Island, AL show an upward trend in home prices, with values increasing by 11.0%. This represents a significant price movement in the market. The current median home price in Dauphin Island, AL is approximately $534,561.028. Based on current trends, home prices in Dauphin Island, AL are expected to continue appreciating, making it an attractive market for sellers and long-term investors.
Dauphin Island, AL features 1 investment hotspots with varying levels of activity. The average nightly rate across hotspots is $676, indicating a premium market segment. Hotspots maintain excellent guest satisfaction with an average rating of 4.8/5. With an average hotspot score of 0.60, these areas show good investment opportunities. With only 3 hotels, this represents an emerging market with potential for growth.
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