Is Durham Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Durham Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Durham Township has remained a Seller's Market.

Key Takeaway

Durham Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Durham Township, NC

How much do homes in Durham Township, NC cost?

Median Sold Price

$412,125

$231/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$10,496(+2.6%)

Key Takeaway

Homes in Durham Township have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in Durham Township was $412,125 in May 2024, up 2.6% from last year, and the median price per square foot was $231.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $248.2K$234K
-5.7%
2 $306.3K$314.8K
+2.8%
3 $385K$389K
+1.0%
4 $500.4K$505.5K
+1.0%
5+ $677.5K$675K
-0.4%

Summary: Durham Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.7%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 0.4%.

Median Sold Price Compared To Nearby Cities

Lebanon Township
+7.7%
Triangle Township
+4.8%
Durham
+3.0%
Durham Township
+2.6%
Oak Grove Township
-2.6%

Housing Supply in Durham Township, NC

How many homes are available in Durham Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1,1511,201+4.3%

Summary: The Durham Township real estate market had 1,201 homes for sale in May 2024, a 4.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 3434
0.0%
2 180185
+2.8%
3 585602
+2.9%
4 268283
+5.6%
5+ 8497
+15.5%

Summary: The Durham Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 15.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
345333-3.5%

Asking Price vs. Sold Price

120 Homes Were Sold
Under Asking

76 Homes Were Sold
At Asking

137 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Durham Township, you could pay more than the asking price. 41.1% of homes here sold above asking price last month.

Summary: A total of 333 homes were sold or pending in Durham Township in May 2024, down by 3.5% month-over-month. Of the 333 sold homes, 36% were sold under asking, 23% were sold at asking, and 41% 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

May 2023May 2024CHANGE
57 Days15 Days-73.4%

Summary: Homes in Durham Township had an average of 15 days on market in May 2024, down by 73.4% compared to last year.

Breakdown of Home Sale Times

289 Homes Were Sold
Under 30 Days

31 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 333 homes were sold in Durham Township; 87% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 4% 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 21 Days Ago

Newest Listings in Durham Township, NC

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What housing markets are near Durham Township, NC?