IL · Metro #144

Davenport - IA housing market

The Davenport metro has a typical home value of $197,783, up 5.2% from a year ago. Homes are moving fast at 8 days on market, a strong seller's market. Data from Zillow Research, updated monthly.

Typical home value
$197,783
+5.2% vs. year ago
Median sale price
$186,923
+5.5% YoY
Median list price
$208,000
Sale-to-list ratio
99.0%
Selling below ask
Days on market
8d
Listings w/ price cut
19.8%
New listings / mo
518
+5.5% YoY
Homes for sale
1,124
+0.2% YoY
Typical rent
$1,019/mo
+4.4% YoY
Context

How to read this data

The typical home value ($197,783) is the Zillow Home Value Index for the Davenport - IA metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 5.2% over the past year. In Davenport - IA, that means a home worth $188,007 last year is now worth roughly $197,783.

The median sale price , what homes actually close for , is $186,923. Homes are selling at 99.0% of list price, meaning buyers have room to negotiate.

Homes listed in Davenport - IA sit on the market for roughly 8 days before going pending. Shorter = seller's market; longer = buyer's market.

About 19.8% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 518 new listings hit the market each month in Davenport - IA. There are currently 1,124 homes for sale, up 0.2% from a year ago.

The typical monthly rent in Davenport - IA is $1,019, up 4.4% year over year. For investors, the price-to-rent ratio here is roughly 16x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Related

Other metros in IL

MetroHome value1-yr changeDays on market
Chicago - IL$359,888 +4.5% 9.0d
Peoria - IL$175,503 +7.4% 5.0d
Rockford - IL$224,410 +9.0% 6.0d
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