The Davenport housing market is showing balanced conditions with stable prices and moderate inventory levels. The median home price in Davenport currently stands at $140,000. With 4.0 months of supply, Davenport's inventory levels remain relatively tight. Homes are taking about 6 days to sell, which is 0 days longer than this time last year. A significant 25.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. The majority of homes (100.0%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Davenport market with the affordability index at 1133.6. Based on current market indicators, home prices in Davenport are projected to increase by approximately 8.6% over the next month.
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