$397,000
Land
Listing Office: EXP Realty LLC Mooresville
Is Davidson, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$619,900
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$12,916(-2.0%)
Key Takeaway
Homes in Davidson have sold for 2% less than they did a year ago.
Summary: The median home sold price in Davidson was $619,900 in November 2024, down 2% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | - | N/A |
| 2 Bedrooms | $370K | $410K | +10.8% |
| 3 Bedrooms | $588K | $570.3K | -3.0% |
| 4 Bedrooms | $720K | $790K | +9.7% |
| 5+ Bedrooms | $970K | $1.0M | +5.7% |
Summary: Davidson housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.8%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Cities
| Cornelius | $508.6K | $553.7K | +8.9% |
| Coddle Creek Township | $410K | $434.9K | +6.1% |
| Davidson | $632.8K | $619.9K | -2.0% |
| Davidson Township | $637.9K | $625K | -2.0% |
Housing Supply in Davidson, NC
How many homes are available in Davidson, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 194 | 177 | -8.8% |
Summary: The Davidson real estate market had 177 homes for sale in November 2024, a 8.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 16 | 20 | +25.0% |
| 3 Bedrooms | 79 | 69 | -12.7% |
| 4 Bedrooms | 67 | 57 | -14.9% |
| 5+ Bedrooms | 31 | 30 | -3.2% |
Summary: The Davidson housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 12.7%, 4 bedroom homes decreased by 14.9%, and 5+ bedroom homes decreased by 3.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 36 | -12.2% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Davidson, you may be able to get a good deal. 63.9% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in Davidson in November 2024, down by 12.2% month-over-month. Of the 36 sold homes, 64% were sold under asking, 22% were sold at asking, and 14% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 22 Days | -39.0% |
Summary: Homes in Davidson had an average of 22 days on market in Nov 2024, down by 39% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 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 November 2024, 36 homes were sold in Davidson; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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