Durham, NC 27703 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary market signal is the median sold price $350,000, which represents the most reliable indicator of realized value and recent transaction activity in the neighborhood; current pricing shows a notable spread versus the median listing price $393,000, which may indicate seller expectations are above recent sale levels and moderate pricing friction rather than outright momentum.
2. Liquidity appears subdued: the median days on market 55 days suggests slower sales velocity relative to peak, which may indicate buyers have more time to inspect options and that transactions are occurring at a measured pace rather than in heated competition.
3. Unit-level pricing and rent context point to modest valuation metrics: the median price per square foot 211 and the median market rent $1,910 together describe a market where price density is established and rental demand is steady; given the marketTemperature is neutral, these figures support a balanced buyer/seller environment rather than one-sided dynamics.
4. Macro headwinds are present: interest rate pressure is elevated and Current 30-year fixed mortgage rates in Durham, NC, are averaging approximately 6.75% as of August 2026, which elevates borrowing costs and may temper buyer affordability and transaction urgency despite the area's stable fundamentals.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.