IL · Metro #144

Davenport - IA housing market

The Davenport metro has a typical home value of $193,242, up 4.9% from a year ago. Homes are moving fast at 14 days on market - a strong seller's market. 20% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$193,242
+4.9% vs. year ago
Median sale price
$190,556
+2.9% YoY
Median list price
$191,667
Sale-to-list ratio
97.4%
Selling below ask
Days on market
14d
Listings w/ price cut
20.5%
New listings / mo
387
+2.7% YoY
Homes for sale
1,003
-3.0% YoY
Typical rent
$1,026/mo
+3.0% YoY
Context

How to read this data

The typical home value ($193,242) 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 4.9% over the past year. In Davenport - IA, that means a home worth $184,215 last year is now worth roughly $193,242.

The median sale price , what homes actually close for , is $190,556. Homes are selling at 97.4% of list price, meaning buyers have room to negotiate.

Homes listed in Davenport - IA sit on the market for roughly 14 days before going pending. Shorter = seller's market; longer = buyer's market.

About 20.5% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 387 new listings hit the market each month in Davenport - IA. There are currently 1,003 homes for sale, down 3.0% from a year ago.

The typical monthly rent in Davenport - IA is $1,026, up 3.0% 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$349,901 +4.3% 9.0d
Peoria - IL$168,955 +8.2% 8.0d
Rockford - IL$216,619 +9.0% 7.0d
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