Is Davidson, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$600,000
$265/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Key Takeaway
The sold price of homes in Davidson has remained the same since last year.
Summary: The median home sold price in Davidson was $600,000 in March 2024, the same as last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $596.9K | $275K | -53.9% |
| 2 Bedrooms | $327.5K | $400K | +22.1% |
| 3 Bedrooms | $535K | $575K | +7.5% |
| 4 Bedrooms | $752K | $779.7K | +3.7% |
| 5+ Bedrooms | $1.0M | $1.1M | +8.7% |
Summary: Davidson housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 53.9%, 2 bedroom homes increased by 22.1%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 8.7%.
Median Sold Price Compared To Nearby Cities
| Cornelius | $499.9K | $530.8K | +6.2% |
| Coddle Creek Township | $414.5K | $428.2K | +3.3% |
| Davidson | $600K | $600K | 0.0% |
| Davidson Township | $629.3K | $628K | -0.2% |
Housing Supply in Davidson, NC
How many homes are available in Davidson, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 131 | 153 | +16.8% |
Summary: The Davidson real estate market had 153 homes for sale in March 2024, a 16.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 13 | 17 | +30.8% |
| 3 Bedrooms | 44 | 56 | +27.3% |
| 4 Bedrooms | 59 | 65 | +10.2% |
| 5+ Bedrooms | 14 | 14 | 0.0% |
Summary: The Davidson housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30.8%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 43 | +53.6% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Davidson, you may be able to get a good deal. 39.5% of homes here sold below asking price last month.
Summary: A total of 43 homes were sold or pending in Davidson in March 2024, up by 53.6% month-over-month. Of the 43 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 33 Days | 35 Days | +6.1% |
Summary: Homes in Davidson had an average of 35 days on market in Mar 2024, up by 6.1% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 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 March 2024, 43 homes were sold in Davidson; 74% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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