Is Davidson County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Davidson County has remained a Seller's Market.
Housing Prices in Davidson County, NC
How much do homes in Davidson County, NC cost?
Median Sold Price
$272,679
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Davidson County was $272,679 in April 2024, up 5% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $126K | $75K | -40.5% |
2 Bedrooms | $165.2K | $170K | +2.9% |
3 Bedrooms | $247.4K | $260.1K | +5.2% |
4 Bedrooms | $316.8K | $310K | -2.1% |
5+ Bedrooms | $357.6K | $365K | +2.1% |
Summary: Davidson County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 40.5%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 5.2%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Counties
Randolph County | $242.7K | $255.8K | +5.4% |
Davidson County | $259.5K | $272.6K | +5.0% |
Davie County | $287.6K | $300.1K | +4.3% |
Forsyth County | $286.9K | $297.5K | +3.7% |
Rowan County | $270K | $279.5K | +3.5% |
Housing Supply in Davidson County, NC
How many homes are available in Davidson County, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
623 | 653 | +4.8% |
Summary: The Davidson County real estate market had 653 homes for sale in April 2024, a 4.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 7 | +40.0% |
2 Bedrooms | 93 | 105 | +12.9% |
3 Bedrooms | 343 | 360 | +5.0% |
4 Bedrooms | 160 | 162 | +1.3% |
5+ Bedrooms | 22 | 19 | -13.6% |
Summary: The Davidson County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 13.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
148 | 143 | -3.4% |
Asking Price vs. Sold Price
59 Homes Were Sold
Under Asking
57 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 143 homes were sold or pending in Davidson County in April 2024, down by 3.4% month-over-month. Of the 143 sold homes, 41% were sold under asking, 40% were sold at asking, and 19% were sold over asking.
Days on Market for Davidson County, NC
How long does it take to sell a home in Davidson County, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 41 Days | +15.3% |
Summary: Homes in Davidson County had an average of 41 days on market in Apr 2024, up by 15.3% compared to last year.
Breakdown of Home Sale Times
86 Homes Were Sold
Under 30 Days
36 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Summary: During April 2024, 143 homes were sold in Davidson County; 60% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.