Is Davenport, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Davenport was a Seller's Market.
Key Takeaway
Davenport is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Davenport, FL
How much do homes in Davenport, FL cost?
Median Sold Price
$379,981
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Davenport has remained the same since last year.
Summary: The median home sold price in Davenport was $379,981 in May 2024, up 0.3% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $71.5K | $102.5K | +43.4% |
| 2 Bedrooms | $270K | $269.3K | -0.2% |
| 3 Bedrooms | $323.9K | $333.4K | +2.9% |
| 4 Bedrooms | $399.5K | $394K | -1.4% |
| 5+ Bedrooms | $519.9K | $519.9K | 0.0% |
Summary: Davenport housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.4%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Davenport | $378.9K | $379.9K | 0.3% |
| Haines City | $330K | $325K | -1.5% |
Housing Supply in Davenport, FL
How many homes are available in Davenport, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1,956 | 1,977 | +1.1% |
Summary: The Davenport real estate market had 1,977 homes for sale in May 2024, a 1.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 132 | 127 | -3.8% |
| 3 Bedrooms | 595 | 587 | -1.3% |
| 4 Bedrooms | 643 | 664 | +3.3% |
| 5+ Bedrooms | 581 | 596 | +2.6% |
Summary: The Davenport housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 2.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 298 | 295 | -1.0% |
Asking Price vs. Sold Price
159 Homes Were Sold
Under Asking
119 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Davenport, you may be able to get a good deal. 53.9% of homes here sold below asking price last month.
Summary: A total of 295 homes were sold or pending in Davenport in May 2024, down by 1.0% month-over-month. Of the 295 sold homes, 54% were sold under asking, 40% were sold at asking, and 6% were sold over asking.
Days on Market for Davenport, FL
How long does it take to sell a home in Davenport, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 54 Days | 55 Days | +1.6% |
Summary: Homes in Davenport had an average of 55 days on market in May 2024, up by 1.6% compared to last year.
Breakdown of Home Sale Times
148 Homes Were Sold
Under 30 Days
88 Homes Were Sold
In 30 - 90 Days
59 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Davenport are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 295 homes were sold in Davenport; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.