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

Mon Dec 04 2023
This week the median list price for Davidson, NC 28036 is $774,990 with the market action index hovering around 40. This is less than last month's market action index of 42. Inventory has decreased to 29. 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

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, though the market is still in the Seller’s zone. 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

Mon Dec 04 2023
This week the median list price for Davidson, NC 28036 is $774,990 with the market action index hovering around 40. This is less than last month's market action index of 42. Inventory has decreased to 29. 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

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, though the market is still in the Seller’s zone. 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 $774,990
Median Price of New Listings $0
Per Square Foot $259
Average Days on Market 92
Median Days on Market 77
Price Decreased 55%
Price Increased 3%
Relisted 17%
Inventory 29
Median Rent
Market Action 40
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$1,799,000 5,460 0.5 - 1 acre 5 5 15 0 1 91
$899,000 3,467 0.25 - 0.5 acre 4 3.5 3 0 0 77
$569,900 3,055 0.25 - 0.5 acre 4 3.5 11 0 1 63
$478,700 1,879 4,500 - 6,500 sqft 3 2.5 18 0 0 24