Durham Real Estate & Homes for Sale in North Carolina
When the historic city of Durham, NC was incorporated in April of 1869, it was a mere railroad stop serving fewer than 100 people, yet already overflowing with traditional Southern charm. Tobacco and textiles shaped its economic destiny in the early years. However, modern Durham, known as the "City of Medicine," is characterized today by its diversity that includes innovative businesses, acclaimed culture, outstanding recreational opportunities and exceptional homes and real estate. (more)
Downtown Durham is a progressive center of commerce, government, finance, arts and entertainment. Residents have easy access to numerous fine restaurants, financial institutions, art galleries, the Bulls Athletic Park, the Carolina Theatre and others. All this activity is less than 20 minutes from Research Triangle Park, Raleigh-Durham International Airport, Duke University and the University of North Carolina in Chapel Hill as well as Interstates 40 and 85.
Durham school systems offer many educational opportunities for parents. There are magnet and charter schools, as well as year-round and traditional calendar schools. The Durham Public School System is striving to create even more Schools of Choice by opening up new schools focusing on the medical professions with an alignment with Duke University Medical Center and the Veterans Hospital as well as a high school that will provide students with a two-year associates degree upon graduation, in addition to the High School Diploma from NC Central University. Many more educational opportunities are available within the city.
Price Range of Durham Houses for Sale
The Durham real estate market is comprised of stately homes for sale with well-groomed landscapes and panoramic views. Choose from charming, older colonial homes for sale, single family detached homes, to newly built contemporary houses for sale available in all price ranges. (more)
There are a limited number of Durham real estate listings available in the low $100,000s, but typical first-time home buyers in the Durham County area make purchases around the $130,000s. Most single-family homes for sale are 3-bedroom, but there are also 2-bedroom townhomes available. Custom-built properties or those that are located on a working horse farm are also available starting at around $1 million and higher.
Condominiums and townhouses in Durham start at $100,000 and reach up to the $600,000s and more, for exquisite, single-story models with community golf and other recreational amenities. Durham area homes for sale located in Treyburn, Duke Forest, Croadsaile Farms, Hope Valley, and Colvard Farms reach into the million-dollar range and feature multi-stories as well as custom amenities. Land lots are also available for custom homes development.
Durham, North Carolina Average Home Sizes and Asking Prices
Durham Real Estate Stats and Trends for the week of May 23rd, 2016: homes priced around $220,400 compared to $162,130 the previous week, showing a increase of more than +26%. For Tuesday, May 24th, the current national mortgage rate for a 30 year fixed mortgage is 3.64%; the 15 year fixed rate is at 2.76%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.24%, while the 15 year jumbo rate currently is at 3.92%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Durham NC. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Durham to help you find the best home!