Durham Property Market Overview
UNESCO World Heritage city with premium university housing demand and conservation area constraints
The Durham property market recorded 1,393 residential sales over the past 12 months, with a median sale price of £149,950. This places Durham £21k above the County Durham county median of £128,500, and £135k below the UK national median of £285,000.
Prices in Durham have shown a notable decline, with a year-on-year change of -6.3%. Within County Durham, Durham ranks 1st by price out of 6 principal towns, and 2nd by transaction volume.
Durham House Prices by Property Type
Property prices in Durham vary significantly by type. The table below compares Durham prices with County Durham county averages and UK national figures.
| Type | Durham | County Durham Avg | UK Avg |
|---|---|---|---|
| Detached | £250,000 | £250,000 | £420,000 |
| Semi-detached | £150,000 | £139,988 | £265,000 |
| Flat | £121,250 | £65,500 | £225,000 |
| Terraced | £110,000 | £88,000 | £230,000 |
Detached homes in Durham command £250,000, while terraced properties are most accessible at £110,000. The £140k spread between the most and least expensive types indicates a relatively compressed market where margins between types are tighter.
Median Price by Property Type
New Build Homes in Durham
Durham recorded 31 new-build transactions in the past 12 months, representing 2.2% of total sales. This indicates meaningful developer activity and proven buyer demand for new homes in the area.
New-build properties in Durham traded at a premium of 51.9% versus existing stock. This premium supports the viability of new development, as buyers are willing to pay more for new homes.
Across the wider County Durham market, 215 new-build completions were recorded — see our County Durham property market report for the full county picture.
Recent Property Sales in Durham
The following table shows the most recent property transactions recorded in Durham, providing real-time evidence of achieved prices for buyers, sellers, and developers:
| Price | Type | Postcode | Date | Status |
|---|---|---|---|---|
| £287,000 | Terraced | DH1 5ZB | 2026-02-23 | Existing |
| £165,000 | Semi-detached | DH1 5BA | 2026-02-20 | Existing |
| £77,500 | Semi-detached | DH6 2PN | 2026-02-16 | Existing |
| £134,950 | Semi-detached | DH7 8UE | 2026-02-13 | Existing |
| £96,000 | Semi-detached | DH6 4NJ | 2026-02-13 | Existing |
These transactions are sourced from HM Land Registry Price Paid data and represent completed, registered sales. The range from £77,500 to £287,000 illustrates the breadth of the Durham market.
Development Finance in Durham
For developers considering Durham, the local market data translates directly into finance structuring. With a median value of £149,950 and detached homes at £250,000, lenders can assess scheme viability with confidence.
A typical development finance facility for a Durham scheme with a GDV of £250,000 would attract senior debt of approximately £162,500 at 65% LTGDV. Mezzanine finance can stretch total borrowing to 85-90% of costs, while bridging loans enable rapid site acquisitions completing in as little as 5 working days.
While prices have softened 6.3% year-on-year, experienced developers can still generate strong returns in Durham by targeting well-located sites with clear demand drivers.
Ready to develop in Durham? Submit your scheme for indicative terms within 24 hours from our panel of 100+ lenders.
Durham Compared to Nearby County Durham Towns
To put Durham's market in context, the table below compares it with similarly-priced towns across County Durham:
| Town | Median Price | Sales (12m) | YoY Change |
|---|---|---|---|
| Durham | £149,950 | 1,393 | -6.3% |
| Consett | £134,950 | 523 | -3.6% |
| Newton Aycliffe | £132,500 | 282 | -2.6% |
| Chester-le-Street | £124,500 | 6,469 | +1.2% |
| Bishop Auckland | £110,000 | 714 | +2.8% |
| Peterlee | £77,000 | 471 | +16.7% |
For the full County Durham town-by-town breakdown, see our comprehensive County Durham property market report.
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5 min readFrequently Asked Questions
What is the average house price in Durham?
The median house price in Durham is £149,950, based on 1,393 transactions over the past 12 months. Detached homes average £250,000 while terraced properties average £110,000.
Are house prices rising or falling in Durham?
House prices in Durham are falling at -6.3% year-on-year. This decline may present buying opportunities for investors and developers. The wider County Durham market is rising at +1.4%.
How many properties sold in Durham recently?
Durham recorded 1,393 residential property sales in the past 12 months. This high volume indicates a liquid, active market.
What development finance is available for projects in Durham?
Developers in Durham can access development finance from 6.5% p.a. at 65-70% LTGDV, mezzanine finance stretching to 85-90% of costs, bridging loans completing in 5-10 days, and development exit finance. Construction Capital sources the best terms from 100+ lenders.