How does the housing market look in Grove Park? Take a look at up-to-date home sale trends like the latest home sale prices, new listings, and more.
Market Insights
Grove Park Durham, NC
Median Sale Price
$371,550
22.6%
New Listings
1
85.7%
Number of Homes Sold
8
14.3%
Median Days on Market
8
60.0%
Market Overview
All Home Types
In the last 30 days, homes for sale in Grove Park, Durham, NC sold for a median price of $371,550, down 22.6% compared to the same period last year. The median price per square foot was $191.85, up 2.5% year-over-year. There were 8 homes sold, up from 7 last year.
Median
lightbulbWhat does this mean?
The median sale price helps you understand how much you should expect to spend on a home in a market. The higher the median price of the homes, the more expensive the market is overall. The rate at which home prices change is an indicator of whether homes are becoming more or less affordable in that market. Learn more about buying a home.
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Get your maximum home value with minimal effort
Use Orchard’s free tool to get your most accurate home valuation today.
Get StartedHousing Supply
All Home Types
Yesterday, the total number of homes for sale in Grove Park, Durham, NC was 6, down 66.7% compared to last year. In the last 30 days, one new home was listed for sale, down 85.7% year-over-year. The median days on market was 8, up from 5 days last year. The months of supply was 0.25, down from 0.57 months last year.
lightbulbWhat does this mean?
The number of homes that are available for sale in a market tells you how much choice you have. The rate at which this number changes indicates whether the number of options are increasing or decreasing for buyers. Learn more about buying in a hot market.
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Your dream home is waiting for you.
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Start QuizHousing Demand
All Home Types
In the last 30 days, homes in Grove Park, Durham, NC had a median sale-to-list-price ratio of 99.33%, down 3.4 pt compared to the same period last year. 25% of homes sold above list price, down 32.1 pt year-over-year. 37.5% of homes listed dropped in price, up 23.2 pt from last year.
Median
lightbulbWhat does this mean?
Sale-to-list price tells you how much you may have to pay over the asking price to buy the home you want. When this number is above 100%, you may need to pay more than the asking price for the home you want.
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Cash offers are 4x more likely to be accepted.
Orchard helps you make a stronger, cash-backed offer.
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