Is Durham Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$415,020
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Durham Township was $415,020 in June 2024, up 3.7% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $246K | $234K | -4.9% |
2 Bedrooms | $309K | $314.9K | +1.9% |
3 Bedrooms | $380K | $393.9K | +3.7% |
4 Bedrooms | $500K | $505K | +1.0% |
5+ Bedrooms | $650K | $697.4K | +7.3% |
Summary: Durham Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.9%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 7.3%.
Median Sold Price Compared To Nearby Cities
Lebanon Township | $395K | $424.9K | +7.6% |
Triangle Township | $418.6K | $442.1K | +5.6% |
Durham | $400.8K | $417.5K | +4.2% |
Durham Township | $400K | $415K | +3.7% |
Oak Grove Township | $387.1K | $380K | -1.9% |
Housing Supply in Durham Township, NC
How many homes are available in Durham Township, NC?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
1,221 | 1,112 | -8.9% |
Summary: The Durham Township real estate market had 1,112 homes for sale in June 2024, a 8.9% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 31 | 23 | -25.8% |
2 Bedrooms | 189 | 174 | -7.9% |
3 Bedrooms | 612 | 541 | -11.6% |
4 Bedrooms | 287 | 275 | -4.2% |
5+ Bedrooms | 102 | 99 | -2.9% |
Summary: The Durham Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25.8%, 2 bedroom homes decreased by 7.9%, 3 bedroom homes decreased by 11.6%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 2.9%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
360 | 283 | -21.4% |
Asking Price vs. Sold Price
106 Homes Were Sold
Under Asking
50 Homes Were Sold
At Asking
127 Homes Were Sold
Over Asking
Summary: A total of 283 homes were sold or pending in Durham Township in June 2024, down by 21.4% month-over-month. Of the 283 sold homes, 37% were sold under asking, 18% were sold at asking, and 45% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
66 Days | 24 Days | -62.8% |
Summary: Homes in Durham Township had an average of 24 days on market in Jun 2024, down by 62.8% compared to last year.
Breakdown of Home Sale Times
220 Homes Were Sold
Under 30 Days
43 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Summary: During June 2024, 283 homes were sold in Durham Township; 78% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.