Is Durham, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Durham has remained a Seller's Market.
Key Takeaway
Durham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Durham, CT
How much do homes in Durham, CT cost?
Median Sold Price
$429,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Durham have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Durham was $429,000 in May 2024, up 5.9% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $389K | $260K | -33.2% |
| 2 Bedrooms | $285K | $295K | +3.5% |
| 3 Bedrooms | $375K | $375K | 0.0% |
| 4 Bedrooms | $505K | $504.5K | -0.1% |
| 5+ Bedrooms | $780K | $510K | -34.6% |
Summary: Durham housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.2%, 2 bedroom homes increased by 3.5%, 3 bedroom homes did not change, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes decreased by 34.6%.
Median Sold Price Compared To Nearby Cities
| Higganum | $385K | $480K | +24.7% |
| Killingworth | $445K | $525K | +18.0% |
| Durham | $405K | $429K | +5.9% |
| Middletown | $280.8K | $295.5K | +5.2% |
Housing Supply in Durham, CT
How many homes are available in Durham, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 17 | -5.6% |
Summary: The Durham real estate market had 17 homes for sale in May 2024, a 5.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Durham 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 100%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Durham, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Durham in May 2024, the same as the previous month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% 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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