Is Davenport, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$184,991
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Davenport have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Davenport was $184,991 in March 2024, up 8.8% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50K | $70.6K | +41.3% |
| 2 Bedrooms | $124.9K | $142K | +13.6% |
| 3 Bedrooms | $172.6K | $182.1K | +5.5% |
| 4 Bedrooms | $215.5K | $243K | +12.8% |
| 5+ Bedrooms | $293.9K | $300K | +2.1% |
Summary: Davenport housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.3%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Cities
| Rock Island Township | $88.3K | $130K | +47.2% |
| Rock Island | $116.5K | $130K | +11.5% |
| South Rock Island Township | $130K | $143K | +10.0% |
| Davenport | $169.9K | $184.9K | +8.8% |
| Sheridan Township | $256.5K | $250K | -2.5% |
Housing Supply in Davenport, IA
How many homes are available in Davenport, IA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 277 | 294 | +6.1% |
Summary: The Davenport real estate market had 294 homes for sale in March 2024, a 6.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 6 | +100.0% |
| 2 Bedrooms | 67 | 64 | -4.5% |
| 3 Bedrooms | 138 | 138 | 0.0% |
| 4 Bedrooms | 59 | 73 | +23.7% |
| 5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The Davenport housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 23.7%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 73 | 86 | +17.8% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Davenport, you may be able to get a good deal. 46.5% of homes here sold below asking price last month.
Summary: A total of 86 homes were sold or pending in Davenport in March 2024, up by 17.8% month-over-month. Of the 86 sold homes, 47% were sold under asking, 17% were sold at asking, and 36% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 25 Days | 27 Days | +9.0% |
Summary: Homes in Davenport had an average of 27 days on market in Mar 2024, up by 9% compared to last year.
Breakdown of Home Sale Times
63 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
8 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 March 2024, 86 homes were sold in Davenport; 73% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.