$4,928 Closing Credit*
$415,000
2,826 SqFt
4 Beds
•2 Full Baths
Carly Lucier, Listing Office: Our Home Realty Advisors
Is Durham, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Durham has remained a Seller's Market.
Key Takeaway
Durham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Durham, CT
How much do homes in Durham, CT cost?
Median Sold Price
$445,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,000(+6.0%)
Key Takeaway
Homes in Durham have sold for 6% more than they did a year ago.
Summary: The median home sold price in Durham was $445,000 in November 2024, up 6% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $324.5K | $160K | -50.7% |
| 2 Bedrooms | $310K | $320K | +3.2% |
| 3 Bedrooms | $405K | $425K | +4.9% |
| 4 Bedrooms | $520K | $568K | +9.2% |
| 5+ Bedrooms | $940K | $530K | -43.6% |
Summary: Durham housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 50.7%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes decreased by 43.6%.
Median Sold Price Compared To Nearby Cities
| Middlefield | $332.5K | $380K | +14.3% |
| Middletown | $276.3K | $310.5K | +12.4% |
| Higganum | $399.9K | $435K | +8.8% |
| Durham | $420K | $445K | +6.0% |
| Killingworth | $540K | $535K | -0.9% |
Housing Supply in Durham, CT
How many homes are available in Durham, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 19 | -17.4% |
Summary: The Durham real estate market had 19 homes for sale in November 2024, a 17.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 11 | 7 | -36.4% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Durham housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 36.4%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Durham, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Durham in November 2024, down by 50.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Durham, CT
We’re sorry, we don't have information for this market at the moment
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