$2,197 Closing Credit*
$185,000
1,244 SqFt
3 Beds
•1 Full Bath
Christie Gibson, 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 October 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
$185,519
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,448(+6.0%)
Key Takeaway
Homes in Davenport have sold for 6% more than they did a year ago.
Summary: The median home sold price in Davenport was $185,519 in October 2024, up 6% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $62K | $65K | +4.8% |
| 2 Bedrooms | $130K | $136.8K | +5.3% |
| 3 Bedrooms | $175.5K | $186.5K | +6.3% |
| 4 Bedrooms | $224K | $250K | +11.6% |
| 5+ Bedrooms | $306.2K | $312.4K | +2.0% |
Summary: Davenport housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Cities
| Sheridan Township | $249K | $326.1K | +31.0% |
| Rock Island Township | $120K | $134.7K | +12.3% |
| Rock Island | $123K | $135K | +9.8% |
| Davenport | $175K | $185.5K | +6.0% |
| South Rock Island Township | $139K | $145K | +4.3% |
Housing Supply in Davenport, IA
How many homes are available in Davenport, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 405 | 413 | +2.0% |
Summary: The Davenport real estate market had 413 homes for sale in October 2024, a 2.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 85 | 86 | +1.2% |
| 3 Bedrooms | 202 | 194 | -4.0% |
| 4 Bedrooms | 92 | 104 | +13.0% |
| 5+ Bedrooms | 23 | 26 | +13.0% |
Summary: The Davenport housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 1.2%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 13%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 109 | 96 | -11.9% |
Asking Price vs. Sold Price
50 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Davenport, you may be able to get a good deal. 52.1% of homes here sold below asking price last month.
Summary: A total of 96 homes were sold or pending in Davenport in October 2024, down by 11.9% month-over-month. Of the 96 sold homes, 52% were sold under asking, 20% were sold at asking, and 28% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 20 Days | +14.9% |
Summary: Homes in Davenport had an average of 20 days on market in Oct 2024, up by 14.9% compared to last year.
Breakdown of Home Sale Times
74 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
0 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 October 2024, 96 homes were sold in Davenport; 77% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.