Is Davenport, IA 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, 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
$185,000
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since April 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 $185,000 in April 2024, up 8.8% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $48.5K | $70.6K | +45.6% |
| 2 Bedrooms | $123K | $143.5K | +16.7% |
| 3 Bedrooms | $175K | $184.4K | +5.4% |
| 4 Bedrooms | $215K | $243.2K | +13.1% |
| 5+ Bedrooms | $293.9K | $288.4K | -1.9% |
Summary: Davenport housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.6%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes decreased by 1.9%.
Median Sold Price Compared To Nearby Cities
| Rock Island Township | $90.9K | $130K | +42.9% |
| Davenport | $170K | $185K | +8.8% |
| Rock Island | $119.9K | $130K | +8.3% |
| South Rock Island Township | $134K | $140K | +4.5% |
| Sheridan Township | $261K | $251.5K | -3.6% |
Housing Supply in Davenport, IA
How many homes are available in Davenport, IA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 299 | 309 | +3.3% |
Summary: The Davenport real estate market had 309 homes for sale in April 2024, a 3.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 67 | 79 | +17.9% |
| 3 Bedrooms | 144 | 137 | -4.9% |
| 4 Bedrooms | 69 | 71 | +2.9% |
| 5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The Davenport housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 17.9%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 86 | 92 | +7.0% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
43 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Davenport, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.
Summary: A total of 92 homes were sold or pending in Davenport in April 2024, up by 7.0% month-over-month. Of the 92 sold homes, 38% were sold under asking, 15% were sold at asking, and 47% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 25 Days | 30 Days | +21.8% |
Summary: Homes in Davenport had an average of 30 days on market in Apr 2024, up by 21.8% compared to last year.
Breakdown of Home Sale Times
71 Homes Were Sold
Under 30 Days
13 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 April 2024, 92 homes were sold in Davenport; 77% of homes were sold within 30 days, 14% 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.