Is Davidson Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Davidson Township has remained a Seller's Market.
Housing Prices in Davidson Township, NC
How much do homes in Davidson Township, NC cost?
Median Sold Price
$629,288
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Davidson Township was $629,288 in May 2024, down 0.3% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $260K | $238.1K | -8.4% |
2 Bedrooms | $310K | $347.5K | +12.1% |
3 Bedrooms | $498.9K | $516.4K | +3.5% |
4 Bedrooms | $770K | $888.2K | +15.4% |
5+ Bedrooms | $734.5K | $760K | +3.5% |
Summary: Davidson Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.4%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 3.5%.
Median Sold Price Compared To Nearby Cities
Terrell | $901.6K | $1.1M | +24.2% |
Mooresville | $434.2K | $490.2K | +12.9% |
Coddle Creek Township | $412.6K | $435K | +5.4% |
Sherrills Ford | $425K | $428.7K | +0.9% |
Davidson Township | $630.8K | $629.2K | -0.3% |
Housing Supply in Davidson Township, NC
How many homes are available in Davidson Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
448 | 500 | +11.6% |
Summary: The Davidson Township real estate market had 500 homes for sale in May 2024, a 11.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 36 | 34 | -5.6% |
3 Bedrooms | 151 | 163 | +7.9% |
4 Bedrooms | 197 | 213 | +8.1% |
5+ Bedrooms | 64 | 89 | +39.1% |
Summary: The Davidson Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 39.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
82 | 115 | +40.2% |
Asking Price vs. Sold Price
66 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 115 homes were sold or pending in Davidson Township in May 2024, up by 40.2% month-over-month. Of the 115 sold homes, 57% were sold under asking, 23% were sold at asking, and 20% were sold over asking.
Days on Market for Davidson Township, NC
How long does it take to sell a home in Davidson Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 35 Days | +55.3% |
Summary: Homes in Davidson Township had an average of 35 days on market in May 2024, up by 55.3% compared to last year.
Breakdown of Home Sale Times
79 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During May 2024, 115 homes were sold in Davidson Township; 69% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.