Is Davie, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
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 in Davie, FL
How much do homes in Davie, FL cost?
Median Sold Price
$503,333
$313/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Davie have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Davie was $503,333 in April 2024, up 7.2% from last year, and the median price per square foot was $313.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $190K | +2.7% |
| 2 Bedrooms | $265K | $289.9K | +9.4% |
| 3 Bedrooms | $470K | $500K | +6.4% |
| 4 Bedrooms | $765K | $805K | +5.2% |
| 5+ Bedrooms | $1.5M | $1.6M | +6.7% |
Summary: Davie housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Cities
| Sunrise | $312.5K | $382.1K | +22.3% |
| Cooper City | $597.3K | $650.4K | +8.9% |
| Davie | $469.3K | $503.3K | +7.2% |
| Miramar-Pembroke Pines | $455.9K | $483.5K | +6.1% |
| Plantation | $445.7K | $457.1K | +2.6% |
Housing Supply in Davie, FL
How many homes are available in Davie, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 307 | 346 | +12.7% |
Summary: The Davie real estate market had 346 homes for sale in April 2024, a 12.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 19 | 20 | +5.3% |
| 2 Bedrooms | 83 | 90 | +8.4% |
| 3 Bedrooms | 97 | 124 | +27.8% |
| 4 Bedrooms | 54 | 50 | -7.4% |
| 5+ Bedrooms | 54 | 62 | +14.8% |
Summary: The Davie housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 27.8%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes increased by 14.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 | 63 | +26.0% |
Asking Price vs. Sold Price
44 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Davie, you may be able to get a good deal. 69.8% of homes here sold below asking price last month.
Summary: A total of 63 homes were sold or pending in Davie in April 2024, up by 26.0% month-over-month. Of the 63 sold homes, 70% were sold under asking, 22% were sold at asking, and 8% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 34 Days | 48 Days | +40.3% |
Summary: Homes in Davie had an average of 48 days on market in Apr 2024, up by 40.3% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
10 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 April 2024, 63 homes were sold in Davie; 46% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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