Is Davenport, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Davenport is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Davenport was a Seller's Market.

Key Takeaway

Davenport is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Davenport, FL

How much do homes in Davenport, FL cost?

Median Sold Price

$374,995

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$5,205(-1.4%)

Key Takeaway

Homes in Davenport have sold for 1.4% less than they did a year ago.

Summary: The median home sold price in Davenport was $374,995 in October 2024, down 1.4% from last year, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $75K$105K
+40.0%
2 $262.5K$263K
0.2%
3 $326.9K$330.1K
+1.0%
4 $395K$388.9K
-1.5%
5+ $519.7K$510K
-1.9%

Summary: Davenport housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 0.2%, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 1.9%.

Median Sold Price Compared To Nearby Cities

Haines City
+1.0%
Davenport
-1.4%

Housing Supply in Davenport, FL

How many homes are available in Davenport, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1,9452,006+3.1%

Summary: The Davenport real estate market had 2,006 homes for sale in October 2024, a 3.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 54
-20.0%
2 130133
+2.3%
3 611644
+5.4%
4 610621
+1.8%
5+ 589604
+2.5%

Summary: The Davenport housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 2.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
234197-15.8%

Asking Price vs. Sold Price

118 Homes Were Sold
Under Asking

64 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Davenport, you may be able to get a good deal. 59.9% of homes here sold below asking price last month.

Summary: A total of 197 homes were sold or pending in Davenport in October 2024, down by 15.8% month-over-month. Of the 197 sold homes, 60% were sold under asking, 32% were sold at asking, and 8% 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

Oct 2023Oct 2024CHANGE
47 Days65 Days+37.8%

Summary: Homes in Davenport had an average of 65 days on market in Oct 2024, up by 37.8% compared to last year.

Breakdown of Home Sale Times

72 Homes Were Sold
Under 30 Days

79 Homes Were Sold
In 30 - 90 Days

46 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Davenport has remained consistent over time.

Summary: During October 2024, 197 homes were sold in Davenport; 37% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in Davenport, FL

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