Here is the Real Estate Market Report for Davidson County showing statistics at the end of the 3rd QTR 2022. 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 - 3rd QTR 2022
- New Listings in Davidson County
- Market Report -3rd QTR 2022
- Market Report - 3rd QTR 2022 for Closed Sales
- Closed Sales & Price Per Sq. Ft. Single Family Homes
- About Planter's Walk
- Shop Planter's Walk in Thomasville
- Chart showing 10 year increases of Median Home Prices and Average Home Prices
- Number of New Listings & Closed Sales - 10 Years
- Market Report - 3rd QTR 2022 for Townhomes
- Tips in a Sellers Market
- Earlier Market Reports
- Market Report - 3rd QTR 2022 Summary
- Davidson County NC Map
- Request for More Information
Single-Family Homes Market Report – 3rd QTR 2022
Statistics for Single Family Homes
At the end of the 3rd QTR 2022, there are 601 Single-Family Homes pending. This is a decrease of -18.9% from the 3rd QTR in 2021, when there were 741 listings pending.
During the 3rd QTR 2022, 773 Single-Family Home listings came on the market. This was a decrease of +11.5% from the 3rd QTR in 2021, when there were 873 new listings.
At the end of the 3rd QTR 2022, the number of Single-Family Homes for Sale is 382 properties. This is an increase of +37.4% from the 3rd QTR in 2021, when there were 278 homes available for sale.
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New Listings in Davidson County
Market Report -3rd QTR 2022
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.
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.
Market Report – 3rd QTR 2022 for Closed Sales
During the 3rd QTR 2022, 724 Single-Family homes closed, which is a slight increase of +0.6% from the same time period in 2021. Sellers are receiving 99.8% of their list price.
The Median Sales Price for Single-Family homes in the 3rd QTR 2022 is $272,500, which is a +16% increase from the 3rd QTR in 2021 when the Median Sales Price for Single-Family homes was $235,000.
The Average Price for Single-Family homes in the 3rd QTR 2022 is $ 290,415, which is a +13.4% increase from the 3rd QTR 2021 when the Average Sales Price for Single-Family Homes was $256,092.
Of the single-family homes closed, 81% 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 33% of the homes closed. The second highest price range were homes priced from $300,000 up to $399,999, which made up 26% of the home closings in the 3rd QTR 2022.
Analysis of the absorption rates indicates an inventory of 1.8 months for Single-Family homes. Most properties are going under contract within 18 days.
Closed Sales & Price Per Sq. Ft. Single Family Homes
About Planter’s Walk
Planter’s Walk is located off Paul Pope Road. Construction began in 2007 and continues. Most of the homes are the transitional style with a few ranch homes.
There are 3, 4, or 5 bedrooms properties in the community with 2.1 or 3 bathrooms. All the properties have 2 car attached garages. Bonus rooms above the garage are also a popular feature.
The Davidson County schools serving the community are Friedberg Elementary, Ledford Middle School, and Ledford High School.
There is a Homeowner’s Association. The monthly HOA fee is $42.00 at this time.
Shop Planter’s Walk in Thomasville
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 2012 through September 2022.
| Primary Year | Sale Price, Median | Sale Price, Average |
|---|---|---|
| 2012 | $112,950 | $129,425 |
| 2013 | $122,000 | $139,906 |
| 2014 | $125,000 | $146,061 |
| 2015 | $132,500 | $152,613 |
| 2016 | $140,000 | $162,964 |
| 2017 | $149,900 | $175,529 |
| 2018 | $160,100 | $184,623 |
| 2019 | $169,000 | $197,111 |
| 2020 | $195,000 | $220,449 |
| 2021 | $225,000 | $252,707 |
| 2022 | $265,615 | $286,433 |
Time frame is from Jan 2012 to Sep 2022
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 2012 through September 2022.
| Primary Year | Number of New Listings | Sales, Number of |
|---|---|---|
| 2012 | 1,201 | 1,124 |
| 2013 | 1,315 | 1,314 |
| 2014 | 1,373 | 1,340 |
| 2015 | 1,543 | 1,496 |
| 2016 | 1,729 | 1,772 |
| 2017 | 2,025 | 2,035 |
| 2018 | 2,033 | 2,093 |
| 2019 | 2,089 | 2,089 |
| 2020 | 2,355 | 2,411 |
| 2021 | 2,826 | 2,736 |
| 2022 | 2,203 | 2,064 |
Time frame is from Jan 2012 to Sep 2022
Time frame is from Jan 2017 to Aug 2022
Market Report – 3rd QTR 2022 for Townhomes
Townhome Statistics
At the end of the 3rd QTR 2022, there are 30 Townhome Listings pending. This is a decrease of -28.6% from the 3rd QTR 2021, when there were 42 Townhome Listings pending.
During the 3rd QTR 2022, 38 Townhome Listings came on the market. This is a decrease of -9.5% from the 3rd QTR in 2021, when 42 Townhome listings came on the market.
At the end of the 3rd QTR 2022, there are 15 Townhomes for sale, which is a increase of +87.5% from the 3rd QTR in 2021 when there were 8 townhomes for sale.
During the 3rd QTR 2022, 33 Townhome Listings closed, which is a decrease of -15.4% from the 3rd QTR in 2021 when 39 townhomes closed. Sellers are receiving 100.2% of their list price.
Median Sales Price for Townhomes in the 3rd QTR 2022 is $290,000, which is an increase of +22.4% from the 3rd QTR 2021, when the Median Sales Price was $237,000. The Average Sales Price for Townhomes in the 3rd QTR 2022 is $287,215, which is an increase of +23.1% from the 3rd QTR 2021, when the Average Sales Price for a Townhome was $233,377.
Analysis of the absorption rates indicates an inventory supply of 1.5 months for Townhome Listings. Most properties are going under contract within 14 days.
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 2022 in all price ranges.
- 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 – 3rd QTR 2022 Summary
Davidson County NC Stats
New Single Family Home Listings decreased by -11.5% and Townhome Listings decreased by -9.5% in the 3rd QTR 2022 in Davidson County from the previous year. Pending Sales decreased by -18.9% for Single Family Homes and Pending Sales decreased -28.6% in Townhome Listings. Closed Sales for Single Family Homes increased slightly by +0.6%. There was a decrease of -15.4% for closed Townhome properties. Prices are still rising because of the inventory shortage.
The Median Sales Price for a Single-Family Home was $272,500. This is an increase of +16% from the 3rd QTR in 2021. The Average Sales Price for a Single-Family Home was $290,415 at the end of the 3rd QTR 2022. This was a +13.4% increase for the 3rd QTR in 2021.
The Median Sales Price for a Townhome was $290,000. This was an increase of +22.4% from the 3rd QTR 2021, when it was $237,000. The Average Sales Price for a Townhome was $287,215. This was an increase of +23.1% from the 3rd QTR 2021, when it was $233,377.
Sellers are receiving 99.8% of their List Price for Single Family Homes and 100.2% for Townhome properties. Inventory levels of Homes for Sale increased by +37.4% from 2021 levels for Single-Family Homes and increased by +87.5 for townhome listings. At the end of the 3rd QTR 2022, 382 Single Family Homes were available and 15 Townhomes. Homebuyers will continue to be challenged by the low inventory levels.
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