Durham County Home Prices Hit Lowest Median Price per Square Foot

Why It Matters:

The decline in home prices in Durham County is significant as it reflects the current state of the real estate market in the area. This news may impact potential homebuyers and sellers who are considering entering the market.

The Details:

• Prior to the recent decrease, the median price per square foot for homes sold in Durham was $218.

• The most expensive community within Durham County is the area within Cary town limits, where the median price per square foot reached $261.

• Raleigh offers the best deal outside of Durham, with a median price per square foot of $235.

• A 1,831-square-foot home on Preakness Drive in Durham was recently sold for $405,000.

• The data presented is based on sales registered during the week of Oct.

Conclusion:

The median price per square foot for homes in Durham County has dropped to its lowest point, matching the overall median price. This information provides valuable insight for those interested in the real estate market in Durham and surrounding areas.