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 January 2023

At the same time last year, Durham was a Neutral 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

$652,000

$308/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$3,500(+0.5%)

Key Takeaway

Homes in Durham have sold for 0.5% more than they did a year ago.

Summary: The median home sold price in Durham was $652,000 in January 2024, up 0.5% from last year, and the median price per square foot was $308.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 --
N/A
2 $610K$378.2K
-38.0%
3 $550.5K$643.7K
+16.9%
4 $823K$870K
+5.7%
5+ $1.4M$814.5K
-44.9%

Summary: Durham housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 38%, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 44.9%.

Median Sold Price Compared To Nearby Cities

Durham
0.5%
Chico
-1.9%

Housing Supply in Durham, CA

How many homes are available in Durham, CA?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
1310-23.1%

Summary: The Durham real estate market had 10 homes for sale in January 2024, a 23.1% decrease compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 00
0.0%
2 22
0.0%
3 32
-33.3%
4 75
-28.6%
5+ 11
0.0%

Summary: The Durham housing inventory by bedroom type for January 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 33.3%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Durham, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Durham in January 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

Jan 2023Jan 2024CHANGE
12 Days45 Days+260.0%

Summary: Homes in Durham had an average of 45 days on market in Jan 2024, up by 260% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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 January 2024, 2 homes were sold in Durham; 50% of homes were sold within 30 days, 50% 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 20 Days Ago

Newest Listings in Durham, CA

Nearby Markets to Durham, CA

What housing markets are near Durham, CA?