Durham, NC 27713 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. $446,000 median sold price is the primary indicator of current market value in ZIP 27713 and suggests recent transaction prices sit modestly above asking expectations in the sample; this represents a representative recent sale level that buyers and appraisers should reference when assessing offers.
2. $420,000 median listing price alongside the median sold price points to a pricing gap that may signal seller optimism versus realized transaction levels; market participants should price competitively to avoid prolonged exposure given the neutral market temperature.
3. 52 median days on market implies slower transaction velocity relative to historically rapid cycles and may indicate increased negotiation time or higher sensitivity to pricing; sellers should plan for longer listing periods and buyers may find opportunities to negotiate.
4. 6.77% current 30-year fixed rates and elevated interest rate pressure are likely constraining buyer purchasing power even as rents remain relatively stable ($1,444 median market rent and flat rent year-over-year), so lenders and investors should stress-test affordability under prevailing financing costs.

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.