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Durham Reporter

Tuesday, April 16, 2024

Durham home prices rise in 2017

Re 12

The median sale price of a home sold in 2017 in Durham rose by $28,500 while total sales decreased by 88.6%, according to BlockShopper.com.

From January through December of 2017, there were four homes sold, with a median sale price of $281,500 - a 11.3% increase over the $253,000 median sale price for the previous year. There were 35 homes sold in Durham in 2016.

The median sales tax in Durham for the most recent year with available data, 2016, was $2,479, approximately 0.9% of the median home sale price for 2017.

The following table compares Durham to other Wake County cities with similar median sales prices in 2017:

CityJan. - Dec. 2017 Home SalesJan. - Dec. 2016 Home Sales% change (Total Home Sales)Jan. - Dec. 2017 Median Sales PriceJan. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Medfield Estates49-55.6%$305,000$290,0005.2%
Wake Forest3881,238-68.7%$300,000$298,0000.7%
Holly Springs3441,145-70%$300,000$311,000-3.5%
Apex4311,311-67.1%$299,000$314,000-4.8%
Morrisville129459-71.9%$295,000$294,0000.3%
Durham435-88.6%$281,500$253,00011.3%
Timberlake28-75%$268,500$223,75020%
Fuquay-Varina3211,053-69.5%$246,000$247,500-0.6%
Raleigh3,1677,709-58.9%$244,000$227,0007.5%
Angier821-61.9%$236,000$247,000-4.5%
Willow Springs66130-49.2%$225,000$203,00010.8%

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