$145,000
Land
Listing Office: Lake Norman Realty, Inc
Is Davidson, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Davidson has remained a Seller's Market.
Key Takeaway
Davidson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Davidson, NC
How much do homes in Davidson, NC cost?
Median Sold Price
$629,066
$279/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$4,433(-0.7%)
Key Takeaway
Homes in Davidson have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in Davidson was $629,066 in October 2024, down 0.7% from last year, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | - | N/A |
| 2 Bedrooms | $385K | $407.5K | +5.8% |
| 3 Bedrooms | $588K | $570.6K | -3.0% |
| 4 Bedrooms | $710K | $800K | +12.7% |
| 5+ Bedrooms | $970K | $1.0M | +6.1% |
Summary: Davidson housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.8%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 6.1%.
Median Sold Price Compared To Nearby Cities
| Cornelius | $505K | $552.1K | +9.3% |
| Coddle Creek Township | $408.2K | $440.7K | +8.0% |
| Davidson | $633.5K | $629K | -0.7% |
| Davidson Township | $643.4K | $623.2K | -3.1% |
Housing Supply in Davidson, NC
How many homes are available in Davidson, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 202 | 196 | -3.0% |
Summary: The Davidson real estate market had 196 homes for sale in October 2024, a 3.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 15 | 17 | +13.3% |
| 3 Bedrooms | 81 | 79 | -2.5% |
| 4 Bedrooms | 73 | 68 | -6.8% |
| 5+ Bedrooms | 32 | 31 | -3.1% |
Summary: The Davidson housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13.3%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes decreased by 3.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 37 | +19.4% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
11 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. 51.4% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in Davidson in October 2024, up by 19.4% month-over-month. Of the 37 sold homes, 51% were sold under asking, 30% were sold at asking, and 19% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 40 Days | 50 Days | +25.5% |
Summary: Homes in Davidson had an average of 50 days on market in Oct 2024, up by 25.5% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Davidson are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 37 homes were sold in Davidson; 62% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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