Market Intelligence · NC / Durham

Durham, NC 27704 Housing Market

The typical home value in Durham 27704 is $301,355, down 4.5% over the past year. Homes are listed at a median price of $332,785 and spend 59 days on the market before sale.

Updated September 2026Median value$301K

The median home value in Durham, NC 27704 is $301K as of September 2026, down 4.5% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 27704 range

$277K to $325K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-4.5% over 12 months

Sep 2025$316K

Low $301KHigh $316K

Sep 2026$301K

The numbers

What is the 27704 housing market like?

As of September 2026

Typical home value

$301K

4.5%YoY

Median list price

$333K

2.2%MoM

Days on market

1.7%MoM

Homes for sale

129

7.2%MoM

Price cuts

29.6%

26.7%MoM

New listings

10.0%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

27704 housing market forecast 2027

-0.7%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 27704 to fall 0.7% by September 2027.

Over the 12 months through September 2026, typical home values in 27704 fell 4.5%, per the Zillow Home Value Index.

Will home prices drop in 27704?

Zillow's forecast says they may: it expects typical home values in 27704 to fall 0.7% by September 2027, after a 4.5% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 27704 home prices compare?

27704$301,355
Durham$409,919
North Carolina$284,347
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Durham: 7 ZIPs; North Carolina: 718 ZIPs; United States: 26,262 ZIPs).

Context

Sellers in 27704 are asking more than what typical homes are actually worth, with a median list price of $332,785 against a typical value of $305,949. There were 129 homes for sale in September 2026, with 54 new listings hitting the market that month. Homes took a median of 59 days to sell, and 29.6% of listings had a price cut. Values were down 4.1% over the past year as of August 2026. For a seller, the data points to a cooling market where pricing realistically from the start matters more than aiming high.

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Down payment20% · $60,271

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Common questions

What people ask us.

What is the typical home value in 27704?

The typical home value in 27704 is $301,355, which represents a 4.5% decline from the prior year.

How long do homes take to sell in 27704?

Homes in 27704 spend a median of 59 days on the market before sale.

What share of homes have had price cuts?

As of September 2026, 29.6% of listings in 27704 have had price reductions.

Discover

Nearby ZIP markets.

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