Is Davidson, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Davidson is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Davidson was a Seller's Market.

Key Takeaway

Davidson is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Davidson, NC

How much do homes in Davidson, NC cost?

Median Sold Price

$608,750

$274/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$12,883(+2.2%)

Key Takeaway

Homes in Davidson have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in Davidson was $608,750 in April 2024, up 2.2% from last year, and the median price per square foot was $274.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $290K$290K
0.0%
2 $316K$419K
+32.6%
3 $530K$575K
+8.5%
4 $749.5K$790K
+5.4%
5+ $1.0M$1.0M
-4.5%

Summary: Davidson housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 32.6%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 4.5%.

Median Sold Price Compared To Nearby Cities

Cornelius
+5.6%
Coddle Creek Township
+3.9%
Davidson
+2.2%
Davidson Township
+0.9%

Housing Supply in Davidson, NC

How many homes are available in Davidson, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
151167+10.6%

Summary: The Davidson real estate market had 167 homes for sale in April 2024, a 10.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1615
-6.3%
3 5759
+3.5%
4 6371
+12.7%
5+ 1522
+46.7%

Summary: The Davidson housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 46.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
4526-42.2%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Davidson, you may be able to get a good deal. 57.7% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in Davidson in April 2024, down by 42.2% month-over-month. Of the 26 sold homes, 58% were sold under asking, 15% 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

Apr 2023Apr 2024CHANGE
45 Days19 Days-56.4%

Summary: Homes in Davidson had an average of 19 days on market in Apr 2024, down by 56.4% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Davidson are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 26 homes were sold in Davidson; 92% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Davidson, NC

Nearby Markets to Davidson, NC

What housing markets are near Davidson, NC?