$2,730 Closing Credit*
$229,900
1,074 SqFt
3 Beds
•2 Full Baths
Nicholas S Yarrington, Angie Thomas, Listing Office: Grow Local Realty, LLC
Is Durham Township, 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 Township has remained a Seller's Market.
Key Takeaway
Durham Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Durham Township, NC
How much do homes in Durham Township, NC cost?
Median Sold Price
$421,096
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,791(+3.6%)
Key Takeaway
Homes in Durham Township have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Durham Township was $421,096 in November 2024, up 3.6% 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 | $312.2K | $315K | +0.9% |
| 3 Bedrooms | $383.3K | $398K | +3.8% |
| 4 Bedrooms | $500K | $511.1K | +2.2% |
| 5+ Bedrooms | $697K | $681.5K | -2.2% |
Summary: Durham Township 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 0.9%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 2.2%.
Median Sold Price Compared To Nearby Cities
| Lebanon Township | $405K | $424.9K | +4.9% |
| Triangle Township | $425.2K | $442.4K | +4.1% |
| Durham | $409.7K | $424.6K | +3.7% |
| Durham Township | $406.3K | $421K | +3.6% |
| Oak Grove Township | $381.2K | $385K | +1.0% |
Housing Supply in Durham Township, NC
How many homes are available in Durham Township, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,140 | 1,060 | -7.0% |
Summary: The Durham Township real estate market had 1,060 homes for sale in November 2024, a 7.0% 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 | 166 | 171 | +3.0% |
| 3 Bedrooms | 588 | 530 | -9.9% |
| 4 Bedrooms | 264 | 241 | -8.7% |
| 5+ Bedrooms | 88 | 88 | 0.0% |
Summary: The Durham Township 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 3%, 3 bedroom homes decreased by 9.9%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 243 | 240 | -1.2% |
Asking Price vs. Sold Price
123 Homes Were Sold
Under Asking
57 Homes Were Sold
At Asking
60 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Durham Township, you may be able to get a good deal. 51.3% of homes here sold below asking price last month.
Summary: A total of 240 homes were sold or pending in Durham Township in November 2024, down by 1.2% month-over-month. Of the 240 sold homes, 51% were sold under asking, 24% were sold at asking, and 25% were sold over asking.
Days on Market for Durham Township, NC
How long does it take to sell a home in Durham Township, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 82 Days | 30 Days | -63.4% |
Summary: Homes in Durham Township had an average of 30 days on market in Nov 2024, down by 63.4% compared to last year.
Breakdown of Home Sale Times
160 Homes Were Sold
Under 30 Days
61 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Durham Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 240 homes were sold in Durham Township; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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