Durham, NC 27705 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

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

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 indicator, 430,475 for median sold price, shows where recent transactions are valuing SFR and condo properties and suggests sellers are achieving prices above the median listing price; this points to divergence between asking and closing levels and may indicate selective bidding on competitively priced homes.
2. With a median days on market of 50, sales velocity appears slower than rapid-turn markets and may indicate cooling negotiation leverage for sellers; this level of time-to-contract suggests buyers have more opportunity to request concessions or contingencies.
3. Inventory conditions in the analyzed sample appear as a relatively constrained active supply versus recent sales activity, which, combined with a median listing price of 398,000 and the higher median sold price, suggests pricing friction where seller expectations and transaction reality are misaligned; neutral market temperature supports a balanced negotiation environment rather than one-sided pressure.
4. Interest rate dynamics are an important headwind: interest rate pressure is elevated and current 30-year fixed mortgage rates are averaging 6.77%, which, together with a flat price year-over-year trend, suggests affordability constraints are limiting upward price momentum despite stable rent trends and a median price per square foot of 248.

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.