$5,213 Closing Credit*
$439,000
1,978 SqFt
3 Beds
•2 Full Baths
Debbie Huscher, Listing Office: William Raveis Real Estate
Is Durham, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since October 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 October 2024, up 6% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $324.5K | $160K | -50.7% |
| 2 Bedrooms | $310K | $330K | +6.5% |
| 3 Bedrooms | $392.5K | $421.9K | +7.5% |
| 4 Bedrooms | $520K | $551K | +6.0% |
| 5+ Bedrooms | - | $550K | N/A |
Summary: Durham housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 50.7%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Middlefield | $326.2K | $373.5K | +14.5% |
| Middletown | $280K | $308K | +10.0% |
| Killingworth | $540K | $590K | +9.3% |
| Durham | $420K | $445K | +6.0% |
| Higganum | $414.9K | $435K | +4.8% |
Housing Supply in Durham, CT
How many homes are available in Durham, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 23 | 0.0% |
Summary: The Durham real estate market had 23 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Durham housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Durham, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Durham in October 2024, up by 60.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% 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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