Is Davie, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Davie was a Seller's Market.
Key Takeaway
Davie is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Davie, FL
How much do homes in Davie, FL cost?
Median Sold Price
$500,833
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Davie have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Davie was $500,833 in March 2024, up 6.6% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $190K | +2.7% |
| 2 Bedrooms | $260K | $290K | +11.5% |
| 3 Bedrooms | $469.5K | $500K | +6.5% |
| 4 Bedrooms | $765K | $806K | +5.4% |
| 5+ Bedrooms | $1.5M | $1.6M | +3.9% |
Summary: Davie housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 3.9%.
Median Sold Price Compared To Nearby Cities
| Sunrise | $316K | $375K | +18.7% |
| Cooper City | $584.3K | $643K | +10.0% |
| Davie | $469.7K | $500.8K | +6.6% |
| Miramar-Pembroke Pines | $449.9K | $474.6K | +5.5% |
| Plantation | $443.7K | $461.1K | +3.9% |
Housing Supply in Davie, FL
How many homes are available in Davie, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 286 | 317 | +10.8% |
Summary: The Davie real estate market had 317 homes for sale in March 2024, a 10.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 19 | 21 | +10.5% |
| 2 Bedrooms | 77 | 86 | +11.7% |
| 3 Bedrooms | 87 | 100 | +14.9% |
| 4 Bedrooms | 51 | 58 | +13.7% |
| 5+ Bedrooms | 52 | 52 | 0.0% |
Summary: The Davie housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 44 | 47 | +6.8% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Davie, you may be able to get a good deal. 61.7% of homes here sold below asking price last month.
Summary: A total of 47 homes were sold or pending in Davie in March 2024, up by 6.8% month-over-month. Of the 47 sold homes, 62% were sold under asking, 26% were sold at asking, and 13% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 46 Days | 33 Days | -27.4% |
Summary: Homes in Davie had an average of 33 days on market in Mar 2024, down by 27.4% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
4 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 March 2024, 47 homes were sold in Davie; 66% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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