27704 Home Values & Market Trends
There are 73 homes currently listed for 27704. 27704 real estate market trends show that home prices range from $159,900 to $649,900, and the median sales price in the 27704 zip code is $321,262.57. The total number of properties sold within the past twelve months is 585. In 27704, 10 properties are in foreclosure, 0 are bank owned properties,and 5 are headed for auction.
27704 Real Estate Market Overview
City | Median Est. Value |
---|---|
Durham | $ 398,750 $ 222/sqft |
Housing Market Summary for 27704
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $299.9K | $308K | 2.68% |
Median Sold Price | $314.9K | $308K | -2.20% |
Homes For Sale | 32 | 79 | 146.88% |
Homes Sold | 256 | 285 | 11.33% |
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 27704
Browse Homes in 27704
The median list price of a home in Durham, is $321,262.57. A total of 73 properties are for sale, and the percentage of properties for sale in the zip code is 73.00%. The total count of 27704 properties is 11,668.
- Pre-ForeclosurePre-foreclosure homes account for 0.04% of all residential properties in 27704 with durham containing 26 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 27704; of that cities, the estimated home value for pre-foreclosure homes ranges from $735,200 in durham to the lowest home value of $200,476 in durham.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 27704 ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in 27704. There is 1 cities within 27704; N/A containing 0 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsdurham has 27 auction properties, the highest number of properties going to auction in a single city in the state of 27704. Auction homes and other auction properties account for 0.04% of all properties in 27704. There is 1 cities within 27704; of that cities, the median estimated home value for homes going to auction ranges from $2,460,329 in durham to the lowest value of $173,967 in durham.
Compare Nearby Zip Codes
More Real Estate Resources for 27704
Guide for 27704
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.
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.
Raleigh’s real estate market in 2023 displays robust growth with increased average property values and sold prices. However, contrasting trends in neighboring cities such as Zebulon, Youngsville, Wilson, and Yanceyville underline the need for thorough market understanding for real estate investments.