Durham, NC Home Values & Market Trends
Real estate market trends reflect that there have been 4,497 transactions over the past year in Durham. The median value for residential home transactions that occurred over the previous year is $403,050.99. The number of current listings in Durham is 486, and the percentage of properties for sale in the city is 486.00%. Durham, NC currently has 54 properties in foreclosure, 1 bank owned properties, 27 properties headed for auction, and 486 properties for sale.
Durham, NC Real Estate Market Overview
Housing Market Summary for Durham, NC
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $415K | $389.6K | -6.13% |
Median Sold Price | $371.3K | $389.6K | 4.91% |
Homes For Sale | 352 | 480 | 36.36% |
Homes Sold | 2,266 | 2,194 | -3.18% |
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 $26,501 to $7,983,722. The median estimated value of a home in Durham is $403,050.99. The median list price of a home is 404,375, and the total count of properties in the city is 90,410.
- Pre-ForeclosurePre-foreclosure homes account for 0.03% of all residential properties in Durham, NC with 27703 containing 7 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 $561,098 in 27713 to the lowest home value of $200,476 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 8 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 $2,460,329 in 27705 to the lowest value of $173,967 in 27705.
Compare Nearby Cities
More Real Estate Resources for Durham, NC
Guide for Durham, NC
North Carolina Foreclosure Laws
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