Is Durham, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Durham was a Seller's Market.
Housing Prices in Durham, CA
How much do homes in Durham, CA cost?
Median Sold Price
$635,725
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Durham was $635,725 in June 2024, down 1.5% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $435K | $378.2K | -13.0% |
3 Bedrooms | $550K | $520K | -5.5% |
4 Bedrooms | $840K | $870K | +3.6% |
5+ Bedrooms | $814.5K | $1.2M | +55.5% |
Summary: Durham housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 55.5%.
Median Sold Price Compared To Nearby Cities
Chico | $439.9K | $450.2K | +2.3% |
Durham | $645.5K | $635.7K | -1.5% |
Housing Supply in Durham, CA
How many homes are available in Durham, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
26 | 25 | -3.8% |
Summary: The Durham real estate market had 25 homes for sale in June 2024, a 3.8% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 6 | 6 | 0.0% |
4 Bedrooms | 11 | 10 | -9.1% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Durham housing inventory by bedroom type for June 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 decreased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Durham in June 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
17 Days | 8 Days | -50.7% |
Summary: Homes in Durham had an average of 8 days on market in Jun 2024, down by 50.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 2 homes were sold in Durham; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.