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 March 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

$628,062

$252/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$1,312(-0.2%)

Key Takeaway

The sold price of homes in Davidson Township has remained the same since last year.

Summary: The median home sold price in Davidson Township was $628,062 in March 2024, down 0.2% from last year, and the median price per square foot was $252.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $212.5K$260K
+22.4%
2 $302.5K$341.5K
+12.9%
3 $485K$525K
+8.2%
4 $758.6K$875.8K
+15.5%
5+ $699K$780K
+11.6%

Summary: Davidson Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.4%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes increased by 11.6%.

Median Sold Price Compared To Nearby Cities

Mooresville
+14.4%
Coddle Creek Township
+3.3%
Davidson Township
-0.2%
Sherrills Ford
-2.3%

Housing Supply in Davidson Township, NC

How many homes are available in Davidson Township, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
346400+15.6%

Summary: The Davidson Township real estate market had 400 homes for sale in March 2024, a 15.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 23
+50.0%
2 3039
+30.0%
3 117129
+10.3%
4 140172
+22.9%
5+ 5757
0.0%

Summary: The Davidson Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 22.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
7999+25.3%

Asking Price vs. Sold Price

58 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

20 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. 58.6% of homes here sold below asking price last month.

Summary: A total of 99 homes were sold or pending in Davidson Township in March 2024, up by 25.3% month-over-month. Of the 99 sold homes, 59% were sold under asking, 21% 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

Mar 2023Mar 2024CHANGE
47 Days49 Days+4.9%

Summary: Homes in Davidson Township had an average of 49 days on market in Mar 2024, up by 4.9% compared to last year.

Breakdown of Home Sale Times

59 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

21 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 March 2024, 99 homes were sold in Davidson Township; 60% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 21% 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 21 Days Ago

Newest Listings in Davidson Township, NC

Nearby Markets to Davidson Township, NC

What housing markets are near Davidson Township, NC?