Durham County, NC Home Values & Market Trends
The median home price in Durham County, NC is $403,923.39. There were 4,834 home sales in Durham County, NC over the past 12 months. The median residential Durham County, NC home value for transactions over the previous year is $377,200.558. The number of current listings in Durham County, NC is 565, and the percentage of properties for sale is 565.00%. The county has 74 foreclosures, 1 bank owned properties, 28 headed for auction, and 565 properties for sale.
Durham County, NC Real Estate Market Overview
Housing Market Summary for Durham County, NC
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $425K | $393.5K | -7.41% |
Median Sold Price | $375.7K | $393.5K | 4.75% |
Homes For Sale | 399 | 413 | 3.51% |
Homes Sold | 2,375 | 1,364 | -42.57% |
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 County, NC
Browse Homes in Durham County, NC
Durham County, NC home values range from $30,090 to $12,289,599. Bahama is the priciest city with a median listing home price of $525,000, and Rougemont is most affordable with average house prices of around $398,000.
- Pre-ForeclosurePre-foreclosure homes account for 0.05% of all residential properties in Durham County, NC with Durham containing 41 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 3 cities within Durham County, NC; of those cities, the estimated home value for pre-foreclosure homes ranges from $697,000 in Rougemont to the lowest home value of $117,960 in Durham.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Durham County, NC ranges from the highest value of $0 in Bahama to the lowest value of $0 in Durham. Bank owned homes and properties account for 0.00% of properties in Durham County, NC. There are 3 cities within Durham County, NC; Durham containing 1 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsDurham has 28 auction properties, the highest number of properties going to auction in a single city in the state of Durham County, NC. Auction homes and other auction properties account for 0.03% of all properties in Durham County, NC. There are 3 cities within Durham County, NC; of those cities, the median estimated home value for homes going to auction ranges from $550,931 in Durham to the lowest value of $170,255 in Durham.
Compare Nearby Cities
More Real Estate Resources for Durham County, NC
Guide for Durham County, 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.