Is Davidson, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Davidson has remained a Seller's Market.
Key Takeaway
Davidson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Davidson, NC
How much do homes in Davidson, NC cost?
Median Sold Price
$639,000
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Davidson have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Davidson was $639,000 in June 2024, up 6.5% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $581.9K | $290K | -50.2% |
| 2 Bedrooms | $325K | $419K | +28.9% |
| 3 Bedrooms | $541.5K | $587.9K | +8.6% |
| 4 Bedrooms | $750.5K | $790K | +5.3% |
| 5+ Bedrooms | $900K | $1.1M | +32.8% |
Summary: Davidson housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 50.2%, 2 bedroom homes increased by 28.9%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 32.8%.
Median Sold Price Compared To Nearby Cities
| Cornelius | $498.2K | $547.3K | +9.9% |
| Davidson | $600K | $639K | +6.5% |
| Coddle Creek Township | $410.5K | $434.9K | +6.0% |
| Davidson Township | $623K | $633.9K | +1.7% |
Housing Supply in Davidson, NC
How many homes are available in Davidson, NC?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 194 | 187 | -3.6% |
Summary: The Davidson real estate market had 187 homes for sale in June 2024, a 3.6% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 14 | +7.7% |
| 3 Bedrooms | 61 | 64 | +4.9% |
| 4 Bedrooms | 83 | 73 | -12.0% |
| 5+ Bedrooms | 37 | 36 | -2.7% |
Summary: The Davidson housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes decreased by 2.7%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 47 | 33 | -29.8% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Davidson, you may be able to get a good deal. 39.4% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in Davidson in June 2024, down by 29.8% month-over-month. Of the 33 sold homes, 39% were sold under asking, 33% were sold at asking, and 27% were sold over asking.
Days on Market for Davidson, NC
How long does it take to sell a home in Davidson, NC?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 34 Days | 21 Days | -37.7% |
Summary: Homes in Davidson had an average of 21 days on market in Jun 2024, down by 37.7% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Davidson are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 33 homes were sold in Davidson; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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