$10,000 Closing Credit*
$1,399,000
2,936 SqFt
4 Beds
•3 Full Baths
Fareena Tsudek, Listing Office: United Realty Group Inc
Is Davie, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $197K | $190K | -3.6% |
| 2 Bedrooms | $282.9K | $285K | +0.7% |
| 3 Bedrooms | $483K | $522.5K | +8.2% |
| 4 Bedrooms | $775K | $819.7K | +5.8% |
| 5+ Bedrooms | $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 | $430K | $484.2K | +12.6% |
| Davie | $472.4K | $531.5K | +12.5% |
| Sunrise | $342.4K | $385K | +12.4% |
| Miramar-Pembroke Pines | $458.1K | $512.3K | +11.8% |
| Cooper City | $626K | $676.5K | +8.1% |
Housing Supply in Davie, FL
How many homes are available in Davie, FL?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 337 | 362 | +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
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 21 | +40.0% |
| 2 Bedrooms | 102 | 109 | +6.9% |
| 3 Bedrooms | 108 | 112 | +3.7% |
| 4 Bedrooms | 64 | 63 | -1.6% |
| 5+ Bedrooms | 48 | 57 | +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 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 57 | 39 | -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
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 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 26 Days | 47 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
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.
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