South Durham Housing Market [April 2024]

Occasionally, Southpoint Access will provide data about the local real-estate market pertinent to zip codes in our readership area:

In the 27713 zip code, median home prices in March reached about $422,500 – up 8.3% compared to the same time in 2023, according to Redfin.com.

The market is listed as very competitive. Average homes sell near list price and go pending in about 10 days, the site reported. Nearly 46% of homes sell above list price.

Realtor.com gave differing data, reporting a median house sale price of about $467,000. That site describes 27713 as a seller’s market.

The 27707 zip code also qualified as very competitive, but Redfin indicated that the median sales price – although up 12.3% over the previous years – was $407,000. The average home sells about 1% below list price and goes pending in about 26 days. Homes described as “hot” can sell for 2% above list price and go pending in about six days.

On Realtor.com, the median house sale price is reported at $449,000 – closer to 27713 than Redfin’s estimate.

Redfin indicates that wind and heat are the greatest threats when it comes to risk factors in these areas.