Here is the Real Estate Market Report for Davidson County in North Carolina showing statistics at the end of the 4th QTR 2023. If you need assistance in buying or selling a home in Davidson County, including the North Davidson Area and Lakefront Homes on High Rock Lake, contact Megan Clement with Keller Williams Realty at 336-239-7501.
- Single-Family Homes Market Report - 4th QTR 2023
- New Listings in Davidson County
- Market Report - 4th QTR 2023
- Market Report - 4th QTR 2023 for Closed Sales
- Pending Sales & Months Supply of Homes
- Browse New Construction under 350K
- Chart showing 10 year increases of Median Home Prices and Average Home Prices
- Number of New Listings & Closed Sales - 10 Years
- Market Report - 4th QTR 2023 for Townhomes
- Shop Friedberg Village
- Tips in a Sellers Market
- Earlier Market Reports
- Market Report - 4th QTR 2023 Summary
- Davidson County NC Map
- Request for More Information
Single-Family Homes Market Report – 4th QTR 2023
Statistics for Single Family Homes
At the end of the 4th QTR 2023, there are 451 Single-Family Homes pending. This is a decrease of -0.9% from the 4th QTR in 2022, when there were 455 listings pending.
During the 4th QTR 2023, 553 Single-Family Home listings came on the market. This was an increase of +8.2% from the 4th QTR in 2022, when there were 511 new listings.
At the end of the 4th QTR 2023, the number of Single-Family Homes for Sale is 374 properties. This is an increase of +5.9% from the 4th QTR in 2022, when there were 353 homes available for sale.
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New Listings in Davidson County
Market Report – 4th QTR 2023
Single Family Homes
The chart shows stats on the Inventory of Homes for a 3 year period in Davidson County for the cities of Lexington, Thomasville, and Denton. Figures are through December 2023.
Single Family Homes
This chart displays Days on Market for a 3 year period in Davidson County for the cities of Lexington, Thomasville, and Denton. Figures are through December 2023.
Market Report – 4th QTR 2023 for Closed Sales
During the 4th QTR 2023, 533 Single-Family homes closed, which is a decrease of -6% from the same time period in 2022. Sellers are receiving 98.7% of their list price.
The Median Sales Price for Single-Family homes in the 4th QTR 2023 is $272,500. This is an increase of +3.2% from the 4th Quarter of 2022, when the Median Sales Price was $263,995.
The Average Price for Single-Family homes in the 4th QTR 2023 is $301,540. This is an increase of +3.1% from the 4th QTR 2022 when the Average Sales Price for Single-Family Homes was $292,525.
Of the single-family homes closed, 67% were under contract within the first 30 days on the market. The most active price range were homes priced from $200,000 up to $299,999, which made up 43%of the homes closed. The second highest price range were homes priced from $300,000 up to $399,999, which made up 22% of the home closings in the 4th QTR 2023.
Analysis of the absorption rates indicates an inventory of 2.0 months for Single-Family homes. Most properties are going under contract within 34 days.
Pending Sales & Months Supply of Homes
Browse New Construction under 350K
Chart showing 10 year increases of Median Home Prices and Average Home Prices
Below is a chart showing Median Sales Price and Average Sales Price for residential properties in Davidson County by year from January 2014 through December 2023.
| Primary Year | Sale Price, Median | Sale Price, Average |
|---|---|---|
| 2014 | $119,000 | $138,955 |
| 2015 | $127,500 | $144,463 |
| 2016 | $132,500 | $152,881 |
| 2017 | $141,500 | $162,844 |
| 2018 | $148,995 | $169,589 |
| 2019 | $157,490 | $181,152 |
| 2020 | $177,100 | $201,539 |
| 2021 | $206,000 | $226,414 |
| 2022 | $249,990 | $263,780 |
| 2023 | $260,000 | $272,217 |
Time frame is from Jan 2014 to Dec 2023
Number of New Listings & Closed Sales – 10 Years
Below is a chart showing Number of New Listings and Number of Closed Sales for residential properties in Davidson County by year from January 2014 through December 2023.
| Primary Year | Number of New Listings | Sales, Number of |
|---|---|---|
| 2014 | 1,533 | 1,449 |
| 2015 | 1,767 | 1,643 |
| 2016 | 1,987 | 1,985 |
| 2017 | 2,290 | 2,300 |
| 2018 | 2,308 | 2,410 |
| 2019 | 2,426 | 2,377 |
| 2020 | 2,696 | 2,792 |
| 2021 | 3,263 | 3,217 |
| 2022 | 3,017 | 3,093 |
| 2023 | 2,889 | 2,684 |
Time frame is from Jan 2014 to Dec 2023
Market Report – 4th QTR 2023 for Townhomes
Townhome Statistics
At the end of the 4th QTR 2023, there are 30 Townhome Listings pending. This is a decrease of -14.3% from the 4th QTR 2022, when there were 35 Townhome Listings pending.
During the 4th QTR 2023, 33 Townhome Listings came on the market. This was a decrease of -23.3% from the 4th QTR 2022, when there were 43 new listings on the market.
At the end of the 4th QTR 2023, there are 32 Townhomes for sale, which is an increase of +113.3% from the 4th QTR in 2022 when there were 15 townhomes for sale.
During the 4th QTR 2023, 35 Townhome Listings closed, which is an increase of +34.6% from the 4th QTR in 2022 when 26 townhomes closed. Sellers are receiving 98% of their list price.
Median Sales Price for Townhomes in the 4th QTR 2023 is $269,990, which is an increase of +3.9% from the 4th QTR 2022, when the Median Sales Price was $259,950. The Average Sales Price for Townhomes in the 4th QTR 2023 is $290,964, which is an increase of +11.4% from the 4th QTR 2022, when the Average Sales Price for a Townhome was $261,079.
Analysis of the absorption rates indicates an inventory supply of 3.2 months for Townhome Listings. Most properties are going under contract within 33 days.
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Tips in a Sellers Market
For Buyers
- Talk to a local lender and get pre-approved so that you know what price range you can afford.
- Inventory levels will remain tight in 2024.
- Homebuyers will need to make their offers stand out.
- Be available to view a new listing as soon as it comes on the market.
- Limit the number of contingencies in your Offer to Purchase.
- Continue to save and pay off existing debt.
You might also enjoy reading my post on Multiple Offers:
Strategies for Multiple Offers
For Sellers
- With low inventory, there is less competition among listings for buyer’s attention.
- Talk to your listing agent in advance on how to handle multiple offers.
- If financially possible, buy your next property before you list your present home.
Earlier Market Reports
Market Report – 4th QTR 2023 Summary
Davidson County NC Stats
New Single Family Home Listings increased by +8.2% and Townhome Listings decreased by -23.3% from the 4th QTR 2022. Pending Sales decreased by -0.9% for Single Family Homes and Pending Sales decreased -14.3% in Townhome Listings. Closed Sales for Single Family Homes decreased by -6.0%. There was an increase of +34.6% for closed Townhome properties.
The Median Sales Price for a Single-Family Home was $272,500. This was an increase of +3.2% from the 4th QTR 2022. The Average Sales Price for a Single-Family Home was $301,540 at the end of the 4th QTR 2023. This was an increase of 3.1% from the 4th QTR 2022.
The Median Sales Price for a Townhome was $269,990. This was an increase of +3.9% from the 4th QTR 2022. The Average Sales Price for a Townhome was $290,964. This was an increase of +11.4% from the 4th QTR 2022.
Sellers are receiving 98.7% of their List Price for Single Family Homes and 98% for Townhome properties. Inventory levels of Homes for Sale increased by +5.9% from 2022 levels for Single-Family Homes and increased by +113.3% for townhome listings. At the end of the 4th QTR 2023, 374 Single Family Homes were available for sale and 32 Townhomes. Homebuyers will continue to be challenged by the low inventory levels.
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