$2,363 Closing Credit*
$199,000
Troy Stierwalt, Listing Office: Realty One Group Opening Doors
Is Davenport, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Davenport has remained a Seller's Market.
Key Takeaway
Davenport is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Davenport, IA
How much do homes in Davenport, IA cost?
Median Sold Price
$185,193
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$8,700(+4.9%)
Key Takeaway
Homes in Davenport have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Davenport was $185,193 in November 2024, up 4.9% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $64.2K | $62K | -3.5% |
| 2 Bedrooms | $130K | $135.1K | +4.0% |
| 3 Bedrooms | $176.2K | $185.7K | +5.4% |
| 4 Bedrooms | $221.5K | $255K | +15.1% |
| 5+ Bedrooms | $256K | $345.5K | +35.0% |
Summary: Davenport housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.5%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes increased by 35%.
Median Sold Price Compared To Nearby Cities
| Sheridan Township | $250K | $325K | +30.0% |
| Rock Island Township | $120.2K | $138.3K | +15.0% |
| Rock Island | $122.5K | $138.5K | +13.1% |
| South Rock Island Township | $135K | $148K | +9.6% |
| Davenport | $176.4K | $185.1K | +4.9% |
Housing Supply in Davenport, IA
How many homes are available in Davenport, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 402 | 404 | 0.5% |
Summary: The Davenport real estate market had 404 homes for sale in November 2024, a 0.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 82 | 79 | -3.7% |
| 3 Bedrooms | 194 | 191 | -1.5% |
| 4 Bedrooms | 100 | 112 | +12.0% |
| 5+ Bedrooms | 24 | 21 | -12.5% |
Summary: The Davenport housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 12%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 105 | 102 | -2.9% |
Asking Price vs. Sold Price
64 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Davenport, you may be able to get a good deal. 62.7% of homes here sold below asking price last month.
Summary: A total of 102 homes were sold or pending in Davenport in November 2024, down by 2.9% month-over-month. Of the 102 sold homes, 63% were sold under asking, 18% were sold at asking, and 20% were sold over asking.
Days on Market for Davenport, IA
How long does it take to sell a home in Davenport, IA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 27 Days | +44.3% |
Summary: Homes in Davenport had an average of 27 days on market in Nov 2024, up by 44.3% compared to last year.
Breakdown of Home Sale Times
78 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
5 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 November 2024, 102 homes were sold in Davenport; 76% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.