$10,000 Closing Credit*
$1,599,000
4 Beds
•3 Full Baths, 1 Partial
Melissa Zarbafi, Listing Office: VantaSure Realty LLC
Is Davie, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$531,000
$319/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$36,000(+7.3%)
Key Takeaway
Homes in Davie have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Davie was $531,000 in November 2024, up 7.3% from last year, and the median price per square foot was $319.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199K | $190K | -4.5% |
| 2 Bedrooms | $289K | $282.7K | -2.2% |
| 3 Bedrooms | $490K | $512K | +4.5% |
| 4 Bedrooms | $805K | $806.5K | 0.2% |
| 5+ Bedrooms | $1.6M | $1.6M | 0.0% |
Summary: Davie housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.5%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Plantation | $440K | $499.6K | +13.5% |
| Miramar-Pembroke Pines | $463.5K | $518.5K | +11.9% |
| Sunrise | $358.6K | $390K | +8.7% |
| Cooper City | $629K | $682.5K | +8.5% |
| Davie | $495K | $531K | +7.3% |
Housing Supply in Davie, FL
How many homes are available in Davie, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 340 | 374 | +10.0% |
Summary: The Davie real estate market had 374 homes for sale in November 2024, a 10.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 20 | 22 | +10.0% |
| 2 Bedrooms | 109 | 116 | +6.4% |
| 3 Bedrooms | 100 | 119 | +19.0% |
| 4 Bedrooms | 60 | 60 | 0.0% |
| 5+ Bedrooms | 51 | 57 | +11.8% |
Summary: The Davie housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 19%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 52 | 37 | -28.8% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Davie, you may be able to get a good deal. 83.8% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in Davie in November 2024, down by 28.8% month-over-month. Of the 37 sold homes, 84% were sold under asking, 14% were sold at asking, and 3% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 52 Days | +57.2% |
Summary: Homes in Davie had an average of 52 days on market in Nov 2024, up by 57.2% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
7 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 November 2024, 37 homes were sold in Davie; 41% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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