Is Davidson Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$629,288
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
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 $629,288 in May 2024, down 0.3% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260K | $238.1K | -8.4% |
| 2 Bedrooms | $310K | $347.5K | +12.1% |
| 3 Bedrooms | $498.9K | $516.4K | +3.5% |
| 4 Bedrooms | $770K | $888.2K | +15.4% |
| 5+ Bedrooms | $734.5K | $760K | +3.5% |
Summary: Davidson Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.4%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 3.5%.
Median Sold Price Compared To Nearby Cities
| Terrell | $901.6K | $1.1M | +24.2% |
| Mooresville | $434.2K | $490.2K | +12.9% |
| Coddle Creek Township | $412.6K | $435K | +5.4% |
| Sherrills Ford | $425K | $428.7K | +0.9% |
| Davidson Township | $630.8K | $629.2K | -0.3% |
Housing Supply in Davidson Township, NC
How many homes are available in Davidson Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 448 | 500 | +11.6% |
Summary: The Davidson Township real estate market had 500 homes for sale in May 2024, a 11.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 36 | 34 | -5.6% |
| 3 Bedrooms | 151 | 163 | +7.9% |
| 4 Bedrooms | 197 | 213 | +8.1% |
| 5+ Bedrooms | 64 | 89 | +39.1% |
Summary: The Davidson Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 39.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 82 | 115 | +40.2% |
Asking Price vs. Sold Price
66 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Davidson Township, you may be able to get a good deal. 57.4% of homes here sold below asking price last month.
Summary: A total of 115 homes were sold or pending in Davidson Township in May 2024, up by 40.2% month-over-month. Of the 115 sold homes, 57% were sold under asking, 23% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 22 Days | 35 Days | +55.3% |
Summary: Homes in Davidson Township had an average of 35 days on market in May 2024, up by 55.3% compared to last year.
Breakdown of Home Sale Times
79 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Davidson Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 115 homes were sold in Davidson Township; 69% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 11% 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.