Mike Hege's Market Report

Davidson, NC 28036

Single-Family Homes

Pridemore Team at Compass | 704-491-9445 | mike.hege@compass.com


Davidson, NC 28036

Sat Sep 07 2024
This week the median list price for Davidson, NC 28036 is $850,000 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has decreased to 61. Click here to stay informed with the Davidson market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Davidson, NC 28036

Sat Sep 07 2024
This week the median list price for Davidson, NC 28036 is $850,000 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has decreased to 61. Click here to stay informed with the Davidson market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Davidson market.
Median List Price $850,000
Median Price of New Listings $975,000
Per Square Foot $301
Average Days on Market 97
Median Days on Market 77
Price Decreased 48%
Price Increased 11%
Relisted 2%
Inventory 61
Median Rent
Market Action 38
Slight Seller's Advantage

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,490,800 4,956 1 - 2.5 acres 5 4.5 15 0 0 98
$1,300,000 3,428 0.5 - 1 acre 4 3.5 22 1 2 63
$760,509 2,747 8,000 - 10,000 sqft 4 2.5 0 0 3 84
$512,500 2,652 6,500 - 8,000 sqft 4 2.5 14 0 5 63