Durham, NC Home Values & Market Trends
Real estate market trends reflect that there have been 4,582 transactions over the past year in Durham. The median value for residential home transactions that occurred over the previous year is $400,589.24. The number of current listings in Durham is 537, and the percentage of properties for sale in the city is 537.00%. Durham, NC currently has 68 properties in foreclosure, 1 bank owned properties, 25 properties headed for auction, and 537 properties for sale.
Durham, NC Real Estate Market Overview
Housing Market Summary for Durham, NC
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $425K | $391.3K | -7.93% |
| Median Sold Price | $372.8K | $391.3K | 4.95% |
| Homes For Sale | 369 | 381 | 3.25% |
| Homes Sold | 2,261 | 1,294 | -42.77% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Durham, NC
Browse Homes in Durham, NC
Durham home values range from $29,982 to $12,289,599. The median estimated value of a home in Durham is $400,589.24. The median list price of a home is 418,000, and the total count of properties in the city is 90,442.
- Pre-ForeclosurePre-foreclosure homes account for 0.05% of all residential properties in Durham, NC with 27704 containing 11 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 11 zips within Durham, NC; of those zips, the estimated home value for pre-foreclosure homes ranges from $695,800 in 27713 to the lowest home value of $117,960 in 27703.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Durham, NC ranges from the highest value of $0 in 27709 to the lowest value of $0 in 27703. Bank owned homes and properties account for 0.00% of properties in Durham, NC. There are 11 zips within Durham, NC; 27712 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions27703 has 9 auction properties, the highest number of properties going to auction in a single zip in the state of Durham, NC. Auction homes and other auction properties account for 0.03% of all properties in Durham, NC. There are 11 zips within Durham, NC; of those zips, the median estimated home value for homes going to auction ranges from $510,730 in 27712 to the lowest value of $170,255 in 27712.
Compare Nearby Cities
More Real Estate Resources for Durham, NC
Guide for Durham, NC
North Carolina Foreclosure Laws
The Durham, NC real estate market is showing dynamic trends, with fluctuations in property value and sold prices across the year and in neighboring cities. Local demand, economic factors, and community growth have created a complex market with growth potential, minimal distressed sales, and distinct opportunities for various buyer segments.
In Greensboro, NC, real estate trends indicate a decreasing average property value and sale price as of February 2024 while maintaining consistent market activity. Property values in the city indicate an affordable entry point for homebuying in comparison to neighboring areas.
This blog post explores the varying property values and real estate trends in Charlotte, North Carolina and its surrounding areas within a span of a year. The analysis provides insights into median property values, square foot prices, sold properties, foreclosures, market health, and local submarkets.
