Sell My House Fast in Durham, NC with an iBuyer

Market Overview

Durham, NC Home Value Estimates

Durham, NC is in beautiful country situated in north-central North Carolina. It’s about 10 miles northeast of Chapel Hill and 25 miles northwest of Raleigh.

Durham has a moderate, seasonal climate with about a 3-month cool season from December to the end of February. The average high temperature is below 58 degrees and the lows are in the low 30’s. The summer is temperate from the end of May to mid-September with the high temperatures in the high 70’s or low 80’s and evening temperatures of 70 degrees.

Durham’s population in 2018 was 274,291 with an annual growth rate of 1.75%. The job market has increased by 2% over last year. The ten-year job growth is predicted to be 43.3%. The cost of living is moderate with the main contributor being the moderate costs of Durham real estate.

The three cities of Durham, Raleigh and Chapel Hill are known as the Research Triangle. It is the largest research park in North America. The research park is a major contributor to economic growth and attracts global job talent. Companies such as IBM, Syngenta, BASF and Cisco are there.73 Duke University and IQVIA are some of the largest businesses in the area.

With a temperate, seasonal climate, growing population, plenty of jobs and location in the Research Triangle with one of the most prestigious universities in the country – Duke University, Durham is a prized place to work and live.

Real estate market data in Durham

Average Monthly Rent:

$1,144

Percentage Change in Home Price/Value:

8.90%

Median Home Value:

$230,000

Best Time To Sell Home:

July

Affordability Index:

157.4

Days To Sell House:

52.041

Job Market:

Strong

Public School Ranking:

31

Hottest Neighbourhoods:

Brightleaf at the Park, Carolina Arbors, Chancellor's Ridge, Downtown Durham, Duke Park, Fairfield, Forest Hills, Grandale, Hope Valley Farms, Northgate Park, Parkwood, Southpoint

Top iBuyers in Durham

Opendoor

Opendoor

Opendoor is the pioneer in the space of iBuying. They are considered the first iBuyer to take the concept of purchasing a home using a data based algorithm to estimate value.

Offerpad

Offerpad

Offerpad started in 2015 from of the roots of a real estate professional that realized the process to sell a home had many areas of stress and uncertainty.

Durham iBuyers

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