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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Davie is a buyer's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Davie, FL

How much do homes in Davie, FL cost?

Median Sold Price

$531,533

$319/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$59,095(+12.5%)

Key Takeaway

Homes in Davie have sold for 12.5% more than they did a year ago.

Summary: The median home sold price in Davie was $531,533 in September 2024, up 12.5% from last year, and the median price per square foot was $319.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $197K$190K
-3.6%
2 $282.9K$285K
+0.7%
3 $483K$522.5K
+8.2%
4 $775K$819.7K
+5.8%
5+ $1.5M$1.6M
+1.9%

Summary: Davie housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.6%, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 1.9%.

Median Sold Price Compared To Nearby Cities

Plantation
+12.6%
Davie
+12.5%
Sunrise
+12.4%
Miramar-Pembroke Pines
+11.8%
Cooper City
+8.1%

Housing Supply in Davie, FL

How many homes are available in Davie, FL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
337362+7.4%

Summary: The Davie real estate market had 362 homes for sale in September 2024, a 7.4% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 1521
+40.0%
2 102109
+6.9%
3 108112
+3.7%
4 6463
-1.6%
5+ 4857
+18.8%

Summary: The Davie housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 18.8%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
5739-31.6%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Davie, you may be able to get a good deal. 64.1% of homes here sold below asking price last month.

Summary: A total of 39 homes were sold or pending in Davie in September 2024, down by 31.6% month-over-month. Of the 39 sold homes, 64% were sold under asking, 23% were sold at asking, and 13% were sold over asking.

Days on Market for Davie, FL

How long does it take to sell a home in Davie, FL?

Average Sale Time

Sep 2023Sep 2024CHANGE
26 Days47 Days+78.7%

Summary: Homes in Davie had an average of 47 days on market in Sep 2024, up by 78.7% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Davie are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 39 homes were sold in Davie; 56% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 13% 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 29 Days Ago

Newest Listings in Davie, FL

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