Is Davidson, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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
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
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $290K | $290K | 0.0% |
| 2 Bedrooms | $316K | $419K | +32.6% |
| 3 Bedrooms | $530K | $575K | +8.5% |
| 4 Bedrooms | $749.5K | $790K | +5.4% |
| 5+ Bedrooms | $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 | $501.7K | $530K | +5.6% |
| Coddle Creek Township | $414.7K | $430.9K | +3.9% |
| Davidson | $595.8K | $608.7K | +2.2% |
| Davidson Township | $625.9K | $631.4K | +0.9% |
Housing Supply in Davidson, NC
How many homes are available in Davidson, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 151 | 167 | +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
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 16 | 15 | -6.3% |
| 3 Bedrooms | 57 | 59 | +3.5% |
| 4 Bedrooms | 63 | 71 | +12.7% |
| 5+ Bedrooms | 15 | 22 | +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 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 45 | 26 | -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
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 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 45 Days | 19 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
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.
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Copyright © 2024 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.