Is Davie, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Davie has remained a Seller's Market.
Key Takeaway
Davie is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in Davie, FL cost?
Median Sold Price
$475,000
$293/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Davie have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in Davie was $475,000 in August 2023, up 9.7% from last year, and the median price per square foot was $293.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $162K | $195K | +20.4% |
| 2 Bedrooms | $226.8K | $280.5K | +23.6% |
| 3 Bedrooms | $440K | $481K | +9.3% |
| 4 Bedrooms | $767.5K | $775K | +1.0% |
| 5+ Bedrooms | $1.5M | $1.5M | -0.8% |
Summary: Davie housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 20.4%, 2 bedroom homes increased by 23.6%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 0.8%.
Median Sold Price Compared To Nearby Cities
| Sunrise | $307.3K | $339.9K | +10.6% |
| Davie | $433K | $475K | +9.7% |
| Cooper City | $560K | $611K | +9.1% |
| Miramar-Pembroke Pines | $419.9K | $458.3K | +9.1% |
| Plantation | $409.4K | $425.1K | +3.8% |
Housing Supply
How many homes are available in Davie, FL?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 258 | 254 | -1.6% |
Summary: The Davie real estate market had 254 homes for sale in August 2023, a 1.6% decrease compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 9 | -18.2% |
| 2 Bedrooms | 72 | 69 | -4.2% |
| 3 Bedrooms | 86 | 74 | -14.0% |
| 4 Bedrooms | 41 | 53 | +29.3% |
| 5+ Bedrooms | 48 | 49 | +2.1% |
Summary: The Davie housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 18.2%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes decreased by 14%, 4 bedroom homes increased by 29.3%, and 5+ bedroom homes increased by 2.1%.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 74 | 55 | -25.7% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Davie, you may be able to get a good deal. 58.2% of homes here sold below asking price last month.
Summary: A total of 55 homes were sold or pending in Davie in August 2023, down by 25.7% month-over-month. Of the 55 sold homes, 58% were sold under asking, 16% were sold at asking, and 25% were sold over asking.
Days on Market
How long does it take to sell a home in Davie, FL?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 25 Days | 33 Days | +32.4% |
Summary: Homes in Davie had an average of 33 days on market in Aug 2023, up by 32.4% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
8 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 August 2023, 55 homes were sold in Davie; 64% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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