Is Durham, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Durham is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Durham was a Buyer'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, CA

How much do homes in Durham, CA cost?

Median Sold Price

$625,000

$290/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$27,250(-4.2%)

Key Takeaway

Homes in Durham have sold for 4.2% less than they did a year ago.

Summary: The median home sold price in Durham was $625,000 in November 2024, down 4.2% from last year, and the median price per square foot was $290.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $440.7K$350K
-20.6%
3 $652K$499.5K
-23.4%
4 $870K$890K
+2.3%
5+ $814.5K$762.5K
-6.4%

Summary: Durham housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.6%, 3 bedroom homes decreased by 23.4%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 6.4%.

Median Sold Price Compared To Nearby Cities

Chico
+5.7%
Durham
-4.2%

Housing Supply in Durham, CA

How many homes are available in Durham, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1815-16.7%

Summary: The Durham real estate market had 15 homes for sale in November 2024, a 16.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 53
-40.0%
4 98
-11.1%
5+ 44
0.0%

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 40%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
47+75.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Durham, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Durham in November 2024, up by 75.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.

Days on Market for Durham, CA

How long does it take to sell a home in Durham, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
15 Days15 Days+5.7%

Summary: Homes in Durham had an average of 15 days on market in Nov 2024, up by 5.7% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Durham are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 7 homes were sold in Durham; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 3 Days Ago

Newest Listings in Durham, CA

Nearby Markets to Durham, CA

What housing markets are near Durham, CA?