Is Durham Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Durham Township has remained a Seller's Market.
Housing Prices in Durham Township, NC
How much do homes in Durham Township, NC cost?
Median Sold Price
$410,729
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Durham Township was $410,729 in March 2024, up 1.2% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $217K | $258.5K | +19.1% |
2 Bedrooms | $307K | $315K | +2.6% |
3 Bedrooms | $385.9K | $389.9K | +1.0% |
4 Bedrooms | $507.2K | $510K | 0.5% |
5+ Bedrooms | $682.5K | $695K | +1.8% |
Summary: Durham Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.1%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 1.8%.
Median Sold Price Compared To Nearby Cities
Lebanon Township | $400K | $415K | +3.8% |
Triangle Township | $424.9K | $435.3K | +2.4% |
Durham | $406.5K | $414.8K | +2.1% |
Durham Township | $406K | $410.7K | +1.2% |
Oak Grove Township | $393.2K | $384.4K | -2.2% |
Housing Supply in Durham Township, NC
How many homes are available in Durham Township, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,009 | 1,046 | +3.7% |
Summary: The Durham Township real estate market had 1,046 homes for sale in March 2024, a 3.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 20 | 29 | +45.0% |
2 Bedrooms | 156 | 165 | +5.8% |
3 Bedrooms | 535 | 548 | +2.4% |
4 Bedrooms | 237 | 238 | 0.4% |
5+ Bedrooms | 61 | 66 | +8.2% |
Summary: The Durham Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 45%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 8.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
245 | 278 | +13.5% |
Asking Price vs. Sold Price
122 Homes Were Sold
Under Asking
60 Homes Were Sold
At Asking
96 Homes Were Sold
Over Asking
Summary: A total of 278 homes were sold or pending in Durham Township in March 2024, up by 13.5% month-over-month. Of the 278 sold homes, 44% were sold under asking, 22% were sold at asking, and 35% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
79 Days | 70 Days | -10.4% |
Summary: Homes in Durham Township had an average of 70 days on market in Mar 2024, down by 10.4% compared to last year.
Breakdown of Home Sale Times
44 Homes Were Sold
Under 30 Days
173 Homes Were Sold
In 30 - 90 Days
61 Homes Were Sold
Over 90 Days
Summary: During March 2024, 278 homes were sold in Durham Township; 16% of homes were sold within 30 days, 62% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.