Durham's Median Home Price Hits County Low

Why It Matters:

This news highlights the current state of the housing market in Durham and sheds light on the affordability of homes in the area.

The Details:

• The median price per square foot for homes in Durham has increased to $236, the same as the Durham County median.

• Previously, the median price per square foot for homes sold in Durham was $221.

• Cary is the most expensive community in Durham County, with a median price per square foot of $251.

• In Raleigh, the median price per square foot for homes sold is $237.

• A 1,560-square-foot home on Oak Grove Parkway in Durham was recently sold for $369,000.

• The data used in this report is based on sales registered during the week of Oct. 23.

Conclusion:

Durham's housing market is experiencing a decrease in median home prices per square foot, making it a potentially more affordable option compared to other areas in the county.