Is Old East Durham, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Old East Durham was a Neutral Market.
Key Takeaway
Old East Durham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Old East Durham, NC
How much do homes in Old East Durham, NC cost?
Median Sold Price
$380,000
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Old East Durham have sold for 13% more than they did a year ago.
Summary: The median home sold price in Old East Durham was $380,000 in April 2024, up 13% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $315K | $271.5K | -13.8% |
| 3 Bedrooms | $346.2K | $380K | +9.7% |
| 4 Bedrooms | $457.5K | $382.5K | -16.4% |
| 5+ Bedrooms | $605.4K | $490K | -19.1% |
Summary: Old East Durham housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.8%, 3 bedroom homes increased by 9.7%, 4 bedroom homes decreased by 16.4%, and 5+ bedroom homes decreased by 19.1%.
Housing Supply in Old East Durham, NC
How many homes are available in Old East Durham, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 14 | -33.3% |
Summary: The Old East Durham real estate market had 14 homes for sale in April 2024, a 33.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 3 | -62.5% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Old East Durham housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 62.5%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Old East Durham, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Old East Durham in April 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Old East Durham, NC
How long does it take to sell a home in Old East Durham, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 55 Days | 20 Days | -62.3% |
Summary: Homes in Old East Durham had an average of 20 days on market in Apr 2024, down by 62.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Old East Durham are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Old East Durham; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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