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

ZipMedian Est. ValueZipMedian Est. Value
27703

$ 386,357

$ 210/sqft

27705

$ 422,098

$ 246/sqft

27713

$ 447,713

$ 234/sqft

27708

$ --

$ --

27704

$ 320,000

$ 201/sqft

27711

$ --

$ --

27707

$ 393,144

$ 229/sqft

27710

$ --

$ --

27712

$ 440,000

$ 210/sqft

27709

$ --

$ --

27701

$ 533,156

$ 325/sqft

Housing Market Summary for Durham, NC

Mar 2023February 2024Change
Median Listing Price$415K$389.6K-6.13%
Median Sold Price$371.3K$389.6K4.91%
Homes For Sale35248036.36%
Homes Sold2,2662,194-3.18%
Price
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Homes For Sale
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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%.

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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.

Foreclosure
There are 11 zips within Durham, NC; within these zips, the median estimated home value for homes in foreclosure ranges from $451,517 in 27704 to the lowest value of $173,967 in 27704. Foreclosure homes account for 0.00% of properties in Durham, NC with 27703 containing 15 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-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 Owned
    The 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.
  • Auctions
    27703 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.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.54% of residential properties in Durham, NC with 27703 containing 143 homes for sale, the highest number of listed properties in a single zip. There are 11 zips within Durham, NC; homes for sale in those zips, have a range of median values from $1,999,000 in 27712 to the lowest value of $111,625 in 27703.
    Sold Homes
    The median value for recently sold homes ranges from $1,207,320 in 27704 to the lowest price of $30,108 in 27704. There are 11 zips within Durham, NC. 27703 has 649 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.32% of properties in Durham, NC.

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      Guide for Durham, NC

      Foreclosure
      North Carolina Foreclosure Laws
      Buy to Rent
      Real Estate Trends in the Durham, NC – Feb 2024
      Buy to Rent
      Charlotte’s Real Estate Market Sees Incremental Rise Amidst Fluctuations in 2023
      Buy to Rent
      Raleigh Real Estate Grows in 2023: Overview and Comparison to Neighboring Markets
      See More Articles
      North Carolina Foreclosure Laws
      Foreclosure|posted 6 June 2019

      North Carolina Foreclosure Laws

      Real Estate Trends in the Durham, NC – Feb 2024
      Buy to Rent|posted 29 February 2024

      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.

      Charlotte’s Real Estate Market Sees Incremental Rise Amidst Fluctuations in 2023
      Buy to Rent|posted 12 February 2024

      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 Real Estate Grows in 2023: Overview and Comparison to Neighboring Markets
      Buy to Rent|posted 6 February 2024

      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.