Is Davenport, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Davenport has remained a Buyer's Market.
Key Takeaway
Davenport is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Davenport, FL
How much do homes in Davenport, FL cost?
Median Sold Price
$380,029
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Davenport have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in Davenport was $380,029 in November 2023, up 1.2% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $62.9K | $75K | +19.1% |
| 2 Bedrooms | $315K | $259K | -17.8% |
| 3 Bedrooms | $329.9K | $328.5K | -0.4% |
| 4 Bedrooms | $390K | $395K | +1.3% |
| 5+ Bedrooms | $525K | $519.9K | -1.0% |
Summary: Davenport housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 19.1%, 2 bedroom homes decreased by 17.8%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 1%.
Median Sold Price Compared To Nearby Cities
| Davenport | $375.6K | $380K | +1.2% |
| Haines City | $340K | $323.9K | -4.7% |
Housing Supply in Davenport, FL
How many homes are available in Davenport, FL?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 1,594 | 1,612 | +1.1% |
Summary: The Davenport real estate market had 1,612 homes for sale in November 2023, a 1.1% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 14 | +75.0% |
| 2 Bedrooms | 122 | 123 | +0.8% |
| 3 Bedrooms | 431 | 443 | +2.8% |
| 4 Bedrooms | 528 | 510 | -3.4% |
| 5+ Bedrooms | 505 | 522 | +3.4% |
Summary: The Davenport housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 3.4%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 248 | 178 | -28.2% |
Asking Price vs. Sold Price
96 Homes Were Sold
Under Asking
68 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Davenport, you may be able to get a good deal. 53.9% of homes here sold below asking price last month.
Summary: A total of 178 homes were sold or pending in Davenport in November 2023, down by 28.2% month-over-month. Of the 178 sold homes, 54% were sold under asking, 38% were sold at asking, and 8% were sold over asking.
Days on Market for Davenport, FL
How long does it take to sell a home in Davenport, FL?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 37 Days | 56 Days | +51.4% |
Summary: Homes in Davenport had an average of 56 days on market in Nov 2023, up by 51.4% compared to last year.
Breakdown of Home Sale Times
90 Homes Were Sold
Under 30 Days
55 Homes Were Sold
In 30 - 90 Days
32 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 2023, 178 homes were sold in Davenport; 51% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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