Is Durham, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Durham was a Seller's Market.
Key Takeaway
Durham is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Durham, CT
How much do homes in Durham, CT cost?
Median Sold Price
$429,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Durham have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in Durham was $429,000 in March 2024, up 8.7% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $131.2K | $324.5K | +147.2% |
| 2 Bedrooms | $282.5K | $362.5K | +28.3% |
| 3 Bedrooms | $394.5K | $375K | -4.9% |
| 4 Bedrooms | $486K | $537.5K | +10.6% |
| 5+ Bedrooms | $780K | $510K | -34.6% |
Summary: Durham housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 147.2%, 2 bedroom homes increased by 28.3%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes decreased by 34.6%.
Median Sold Price Compared To Nearby Cities
| Higganum | $380K | $446.5K | +17.5% |
| Killingworth | $452.5K | $517.5K | +14.4% |
| Middlefield | $315K | $349.5K | +11.0% |
| Durham | $394.5K | $429K | +8.7% |
| Middletown | $270K | $283.6K | +5.1% |
Housing Supply in Durham, CT
How many homes are available in Durham, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Summary: The Durham real estate market had 12 homes for sale in March 2024, a 20.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Durham housing inventory by bedroom type for March 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 increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Durham, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Durham in March 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Durham, CT
We’re sorry, we don't have information for this market at the moment
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