$4,749 Closing Credit*
$399,900
2,686 SqFt
4 Beds
•3 Full Baths, 1 Partial
Patricia Gillespie Hampton, Listing Office: Hampton & Company Real Estate
Is Durham County, NC 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 County has remained a Seller's Market.
Key Takeaway
Durham County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Durham County, NC
How much do homes in Durham County, NC cost?
Median Sold Price
$421,552
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,372(+3.8%)
Key Takeaway
Homes in Durham County have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Durham County was $421,552 in November 2024, up 3.8% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $204.7K | -25.5% |
| 2 Bedrooms | $312.3K | $315K | +0.8% |
| 3 Bedrooms | $382.3K | $396.6K | +3.8% |
| 4 Bedrooms | $501K | $515K | +2.8% |
| 5+ Bedrooms | $697K | $687.4K | -1.4% |
Summary: Durham County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.5%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 1.4%.
Median Sold Price Compared To Nearby Counties
| Person County | $284.9K | $310K | +8.8% |
| Orange County | $588K | $621.6K | +5.7% |
| Wake County | $463.7K | $482.9K | +4.1% |
| Durham County | $406.1K | $421.5K | +3.8% |
| Granville County | $319K | $325K | +1.9% |
Housing Supply in Durham County, NC
How many homes are available in Durham County, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,171 | 1,087 | -7.2% |
Summary: The Durham County real estate market had 1,087 homes for sale in November 2024, a 7.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 34 | 30 | -11.8% |
| 2 Bedrooms | 172 | 174 | +1.2% |
| 3 Bedrooms | 603 | 544 | -9.8% |
| 4 Bedrooms | 272 | 249 | -8.5% |
| 5+ Bedrooms | 90 | 90 | 0.0% |
Summary: The Durham County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.8%, 2 bedroom homes increased by 1.2%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 251 | 247 | -1.6% |
Asking Price vs. Sold Price
126 Homes Were Sold
Under Asking
58 Homes Were Sold
At Asking
63 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Durham County, you may be able to get a good deal. 51% of homes here sold below asking price last month.
Summary: A total of 247 homes were sold or pending in Durham County in November 2024, down by 1.6% month-over-month. Of the 247 sold homes, 51% were sold under asking, 23% were sold at asking, and 26% were sold over asking.
Days on Market for Durham County, NC
How long does it take to sell a home in Durham County, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 82 Days | 30 Days | -63.1% |
Summary: Homes in Durham County had an average of 30 days on market in Nov 2024, down by 63.1% compared to last year.
Breakdown of Home Sale Times
162 Homes Were Sold
Under 30 Days
66 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Durham County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 247 homes were sold in Durham County; 66% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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