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
Fri Dec 13 2024
This week the median list price for Davidson, NC 28036 is $803,652 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has held steady at or around 51.
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 started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Real-Time Market Profile
| Median List Price | $803,652 | |
| Median Price of New Listings | $899,000 | |
| Per Square Foot | $283 | |
| Average Days on Market | 102 | |
| Median Days on Market | 77 | |
| Price Decreased | 45% | |
| Price Increased | 10% | |
| Relisted | 6% | |
| Inventory | 51 | |
| Median Rent | ||
| Market Action | 37 | |
| Slight Seller's Advantage | ||
Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,549,000 | 4,765 | 0.5 - 1 acre | 4 | 4.5 | 8 | 0 | 0 | 87 |
| $950,000 | 3,067 | 0.25 - 0.5 acre | 4 | 3 | 23 | 1 | 1 | 56 |
| $695,000 | 2,782 | 6,500 - 8,000 sqft | 4 | 2.5 | 0 | 0 | 0 | 154 |
| $549,000 | 2,565 | 6,500 - 8,000 sqft | 4 | 2.5 | 8 | 0 | 2 | 56 |