Is Durham Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$411,291
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Durham Township was $411,291 in April 2024, up 1.7% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $232K | $246K | +6.0% |
2 Bedrooms | $305.6K | $312.3K | +2.2% |
3 Bedrooms | $384.9K | $390.1K | +1.4% |
4 Bedrooms | $500K | $514.3K | +2.9% |
5+ Bedrooms | $682.5K | $685K | 0.4% |
Summary: Durham Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 0.4%.
Median Sold Price Compared To Nearby Cities
Lebanon Township | $399K | $424K | +6.3% |
Triangle Township | $420.5K | $438.6K | +4.3% |
Durham | $404.9K | $414.9K | +2.5% |
Durham Township | $404.4K | $411.2K | +1.7% |
Oak Grove Township | $391.4K | $379.2K | -3.1% |
Housing Supply in Durham Township, NC
How many homes are available in Durham Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,052 | 1,056 | 0.4% |
Summary: The Durham Township real estate market had 1,056 homes for sale in April 2024, a 0.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 30 | 30 | 0.0% |
2 Bedrooms | 159 | 168 | +5.7% |
3 Bedrooms | 552 | 545 | -1.3% |
4 Bedrooms | 242 | 238 | -1.7% |
5+ Bedrooms | 69 | 75 | +8.7% |
Summary: The Durham Township 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 increased by 5.7%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 8.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
291 | 319 | +9.6% |
Asking Price vs. Sold Price
112 Homes Were Sold
Under Asking
77 Homes Were Sold
At Asking
130 Homes Were Sold
Over Asking
Summary: A total of 319 homes were sold or pending in Durham Township in April 2024, up by 9.6% month-over-month. Of the 319 sold homes, 35% were sold under asking, 24% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
79 Days | 33 Days | -57.4% |
Summary: Homes in Durham Township had an average of 33 days on market in Apr 2024, down by 57.4% compared to last year.
Breakdown of Home Sale Times
238 Homes Were Sold
Under 30 Days
50 Homes Were Sold
In 30 - 90 Days
31 Homes Were Sold
Over 90 Days
Summary: During April 2024, 319 homes were sold in Durham Township; 75% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.