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 March 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

$299,888

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$17,588(+6.2%)

Key Takeaway

Homes in Davie County have sold for 6.2% more than they did a year ago.

Summary: The median home sold price in Davie County was $299,888 in March 2024, up 6.2% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $92.7K$132.5K
+42.9%
2 $158.5K$179K
+12.9%
3 $287.2K$303.9K
+5.8%
4 $375K$447.9K
+19.4%
5+ $520K$599K
+15.2%

Summary: Davie County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.9%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 15.2%.

Median Sold Price Compared To Nearby Counties

Yadkin County
+8.5%
Davidson County
+8.3%
Davie County
+6.2%
Forsyth County
+5.6%
Rowan County
+3.3%

Housing Supply in Davie County, NC

How many homes are available in Davie County, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
145153+5.5%

Summary: The Davie County real estate market had 153 homes for sale in March 2024, a 5.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 35
+66.7%
2 3333
0.0%
3 7080
+14.3%
4 3731
-16.2%
5+ 24
+100.0%

Summary: The Davie County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 16.2%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2845+60.7%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

14 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. 55.6% of homes here sold below asking price last month.

Summary: A total of 45 homes were sold or pending in Davie County in March 2024, up by 60.7% month-over-month. Of the 45 sold homes, 56% were sold under asking, 13% were sold at asking, and 31% 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

Mar 2023Mar 2024CHANGE
29 Days34 Days+16.3%

Summary: Homes in Davie County had an average of 34 days on market in Mar 2024, up by 16.3% compared to last year.

Breakdown of Home Sale Times

34 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

6 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 March 2024, 45 homes were sold in Davie County; 76% of homes were sold within 30 days, 11% 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 26 Days Ago

Newest Listings in Davie County, NC

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What housing markets are near Davie County, NC?