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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Davidson Township is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Davidson Township has remained a Seller's Market.

Key Takeaway

Davidson Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Davidson Township, NC

How much do homes in Davidson Township, NC cost?

Median Sold Price

$632,174

$256/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$6,653(-1.0%)

Key Takeaway

Homes in Davidson Township have sold for 1% less than they did a year ago.

Summary: The median home sold price in Davidson Township was $632,174 in September 2024, down 1% from last year, and the median price per square foot was $256.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $255K$190K
-25.5%
2 $327.5K$341.5K
+4.3%
3 $511.5K$515K
+0.7%
4 $816.5K$903K
+10.6%
5+ $750K$780K
+4.0%

Summary: Davidson Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.5%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 4%.

Median Sold Price Compared To Nearby Cities

Sherrills Ford
+20.0%
Coddle Creek Township
+7.9%
Mooresville
+6.7%
Davidson Township
-1.0%

Housing Supply in Davidson Township, NC

How many homes are available in Davidson Township, NC?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
530539+1.7%

Summary: The Davidson Township real estate market had 539 homes for sale in September 2024, a 1.7% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 32
-33.3%
2 3635
-2.8%
3 194204
+5.2%
4 219218
-0.5%
5+ 7880
+2.6%

Summary: The Davidson Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 5.2%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 2.6%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
11594-18.3%

Asking Price vs. Sold Price

61 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Davidson Township, you may be able to get a good deal. 64.9% of homes here sold below asking price last month.

Summary: A total of 94 homes were sold or pending in Davidson Township in September 2024, down by 18.3% month-over-month. Of the 94 sold homes, 65% were sold under asking, 15% 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

Sep 2023Sep 2024CHANGE
25 Days33 Days+29.6%

Summary: Homes in Davidson Township had an average of 33 days on market in Sep 2024, up by 29.6% compared to last year.

Breakdown of Home Sale Times

56 Homes Were Sold
Under 30 Days

28 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 94 homes were sold in Davidson Township; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% 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 30 Days Ago

Newest Listings in Davidson Township, NC

Nearby Markets to Davidson Township, NC

What housing markets are near Davidson Township, NC?