Durham, NC Foreclosures
How much do homes sell for in Durham, NC?
The average home price is currently $505,684.
In Durham, NC, how many homes are available?
There are currently 131 active home listings available in Durham.
What’s the average rental cost in Durham, NC?
The average rental price in Durham is $1,450.
What is the most expensive home in Durham?
The most expensive home sold in Durham had a price of $129,389,464.
What is currently the cheapest priced home in Durham, NC?
The cheapest home for sale in Durham is priced at $10,325.
Living in Durham, NC
Durham, North Carolina, is a vibrant city known for its rich history, a thriving cultural scene, and diverse culinary offerings. Home to Duke University, the area boasts a strong educational background and lively community events. Residents enjoy a mix of urban convenience and suburban charm, with ample opportunities for outdoor activities.
Current Market Conditions in Durham, NC
The real estate market in Durham has experienced significant growth in the last few years, with rising demand for housing due to an influx of tech jobs and graduates from nearby universities. Median home prices have steadily increased, and inventory levels remain low, leading to competitive bidding situations in many neighborhoods. Properties are being snapped up quickly, often within days of hitting the market.
The Durham area is also seeing a resurgence in new development, particularly in mixed-use spaces that combine residential living with retail and community amenities. This trend is attracting younger buyers and families looking for a vibrant lifestyle that connects them to nature, culture, and commerce.
Overall, the Durham real estate market remains robust, with predictions for continued appreciation driven by economic growth, demographic shifts, and ongoing investment in infrastructure.
Home Value Estimator For Durham, NC
There are currently 88,512 real estate properties
in Durham, NC,
with a median automated valuation model (AVM) price
of $396,226.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Durham, NC, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Durham, NC,
is $505,684.00, with the most expensive house
in Durham, NC, topping out
at $129,389,464.00 and the cheapest home
in Durham, NC,
clocking in at $10,325.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Durham, NC!
Rent Prices
In Durham, NC
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Durham, NC, is on
a rollercoaster ride. The
average rent price in Durham, NC,
is $1,450.00. Indeed, when looking to rent in
Durham, NC, you can expect to pay as little
as $530.00 or as much
as $4,880.00,
with the average rent median estimated to
be $1,360.00. The good news is that finding
an affordable and desirable property to rent in Durham, NC
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
