Is Davidson County, 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 County has remained a Seller's Market.
Housing Prices in Davidson County, NC
How much do homes in Davidson County, NC cost?
Median Sold Price
$270,222
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Davidson County was $270,222 in March 2024, up 8.3% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $126K | $73.6K | -41.6% |
2 Bedrooms | $165K | $167.7K | +1.7% |
3 Bedrooms | $244.8K | $260.1K | +6.2% |
4 Bedrooms | $314.9K | $310K | -1.6% |
5+ Bedrooms | $379K | $362.6K | -4.3% |
Summary: Davidson County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.6%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 4.3%.
Median Sold Price Compared To Nearby Counties
Davidson County | $249.5K | $270.2K | +8.3% |
Randolph County | $239.1K | $255K | +6.6% |
Davie County | $282.3K | $299.8K | +6.2% |
Forsyth County | $280.5K | $296.3K | +5.6% |
Rowan County | $268.7K | $277.6K | +3.3% |
Housing Supply in Davidson County, NC
How many homes are available in Davidson County, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
590 | 613 | +3.9% |
Summary: The Davidson County real estate market had 613 homes for sale in March 2024, a 3.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 79 | 93 | +17.7% |
3 Bedrooms | 347 | 342 | -1.4% |
4 Bedrooms | 136 | 153 | +12.5% |
5+ Bedrooms | 22 | 19 | -13.6% |
Summary: The Davidson County 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 17.7%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 13.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
134 | 149 | +11.2% |
Asking Price vs. Sold Price
80 Homes Were Sold
Under Asking
43 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 149 homes were sold or pending in Davidson County in March 2024, up by 11.2% month-over-month. Of the 149 sold homes, 54% were sold under asking, 29% were sold at asking, and 17% were sold over asking.
Days on Market for Davidson County, NC
How long does it take to sell a home in Davidson County, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 57 Days | +31.7% |
Summary: Homes in Davidson County had an average of 57 days on market in Mar 2024, up by 31.7% compared to last year.
Breakdown of Home Sale Times
81 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
36 Homes Were Sold
Over 90 Days
Summary: During March 2024, 149 homes were sold in Davidson County; 54% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.