Davis Islands Market Health Report – February 2025

Current Market Overview

Davis Islands remains a premier neighborhood in Tampa, known for its waterfront lifestyle, luxury homes, and high market demand. The latest StellarMLS data provides critical insights into home values, pricing trends, and expected selling timelines.

• Active Listings: 37 homes currently for sale
• Pending Sales: 13 homes under contract
• Sold Homes (6-months): 34 homes closed
• Median Listing Price: $1,800,000
• Average Price per Square Foot (Active Listings): $967.62
• Median Price per Square Foot (Sold Homes): $630.56
• Sale-to-List Price Ratio (Sold Homes): 97% (Homes are selling close to asking price)

Home Values: How the Market Impacts Your Property

Home values on Davis Islands continue to appreciate, with active listings priced as high as $19.5M and homes selling up to $6.7M. The median sold price of $1.735M indicates that well-priced properties in this range are moving efficiently.

While active listings have an average price per square foot of $967.62, homes that have sold averaged $697.04 per square foot, showing that while buyers are willing to pay a premium, proper pricing is crucial.

Time to Sell: How Long Will It Take?

• Active Listings: Homes currently on the market have a median time of 69 days.
• Pending Sales: Homes under contract went under agreement in 38 days (median).
• Sold Homes: Recent sales went under contract in 46 days and closed in 76 days.

This means that if your home is competitively priced, you can expect an offer within 1-2 months, with closing typically occurring in 2.5 months.

Market Trends & Seller Takeaways

1. Homes Are Selling Close to Asking Price – The 97% sale-to-list price ratio means sellers who price strategically are seeing strong offers.
2. Pricing Above Market Slows Sales – While luxury homes are fetching top dollar, overpriced properties tend to sit on the market longer.
3. High Demand for Updated Homes – Buyers are prioritizing move-in-ready properties, especially those with modern renovations or waterfront access.

Should You Sell Now?

With strong demand, low inventory, and homes selling quickly when priced correctly, now is an excellent time to sell. If your home is updated, waterfront, or priced competitively, it will likely attract multiple offers and sell within 1-2 months