Is Davie, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Davie was a Seller's Market.
Housing Prices in Davie, FL
How much do homes in Davie, FL cost?
Median Sold Price
$510,300
$315/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Davie was $510,300 in May 2024, up 8.4% from last year, and the median price per square foot was $315.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $190K | +2.7% |
2 Bedrooms | $270K | $285K | +5.6% |
3 Bedrooms | $469.3K | $502K | +7.0% |
4 Bedrooms | $760K | $806K | +6.1% |
5+ Bedrooms | $1.5M | $1.6M | +6.7% |
Summary: Davie housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Cities
Sunrise | $335.2K | $377.5K | +12.6% |
Cooper City | $608K | $675K | +11.0% |
Plantation | $432K | $471K | +9.0% |
Davie | $470.6K | $510.3K | +8.4% |
Miramar-Pembroke Pines | $455.6K | $491.2K | +7.8% |
Housing Supply in Davie, FL
How many homes are available in Davie, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
330 | 355 | +7.6% |
Summary: The Davie real estate market had 355 homes for sale in May 2024, a 7.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 17 | 20 | +17.6% |
2 Bedrooms | 91 | 103 | +13.2% |
3 Bedrooms | 112 | 111 | -0.9% |
4 Bedrooms | 49 | 61 | +24.5% |
5+ Bedrooms | 61 | 60 | -1.6% |
Summary: The Davie housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.6%, 2 bedroom homes increased by 13.2%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 24.5%, and 5+ bedroom homes decreased by 1.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
69 | 44 | -36.2% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 44 homes were sold or pending in Davie in May 2024, down by 36.2% month-over-month. Of the 44 sold homes, 70% were sold under asking, 23% were sold at asking, and 7% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
46 Days | 45 Days | -1.8% |
Summary: Homes in Davie had an average of 45 days on market in May 2024, down by 1.8% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 44 homes were sold in Davie; 41% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.