Is Davie County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Davie County is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Davie County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Davie County, NC

How much do homes in Davie County, NC cost?

Median Sold Price

$300,100

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$12,478(+4.3%)

Key Takeaway

Homes in Davie County have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in Davie County was $300,100 in April 2024, up 4.3% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $92.7K$132.5K
+42.9%
2 $160K$175K
+9.4%
3 $288.1K$310K
+7.6%
4 $340K$442K
+30.0%
5+ $458.5K$655K
+42.9%

Summary: Davie County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.9%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 42.9%.

Median Sold Price Compared To Nearby Counties

Yadkin County
+8.6%
Davidson County
+5.0%
Davie County
+4.3%
Forsyth County
+3.7%
Rowan County
+3.5%

Housing Supply in Davie County, NC

How many homes are available in Davie County, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
167175+4.8%

Summary: The Davie County real estate market had 175 homes for sale in April 2024, a 4.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 41
-75.0%
2 3632
-11.1%
3 8289
+8.5%
4 4147
+14.6%
5+ 46
+50.0%

Summary: The Davie County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 75%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
4938-22.4%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Davie County, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.

Summary: A total of 38 homes were sold or pending in Davie County in April 2024, down by 22.4% month-over-month. Of the 38 sold homes, 47% were sold under asking, 29% were sold at asking, and 24% were sold over asking.

Days on Market for Davie County, NC

How long does it take to sell a home in Davie County, NC?

Average Sale Time

Apr 2023Apr 2024CHANGE
62 Days40 Days-35.8%

Summary: Homes in Davie County had an average of 40 days on market in Apr 2024, down by 35.8% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 38 homes were sold in Davie County; 58% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 13% 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 10 Days Ago

Newest Listings in Davie County, NC

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What housing markets are near Davie County, NC?