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Monday, November 25, 2024

Raleigh home prices rise in 2019

Realestate077

The median sale price of a home sold in 2019 in Raleigh rose by $32,000 while total sales increased by 71363.6%, according to BlockShopper.com.

From January through December of 2019, there were 7,861 homes sold, with a median sale price of $264,000 - a 13.8% increase over the $232,000 median sale price for the previous year. There were 11 homes sold in Raleigh in 2018.

The median sales tax in Raleigh for the most recent year with available data, 2016, was $2,103, approximately 0.8% of the median home sale price for 2019.

The following table compares Raleigh to other Wake County cities with similar median sales prices in 2019:

CityJan. - Dec. 2019 Home SalesJan. - Dec. 2018 Home Sales% change (Total Home Sales)Jan. - Dec. 2019 Median Sales PriceJan. - Dec. 2018 Median Sales Price% change (Median Sales Price)
Rolesville1380-$296,500$0-
Angier120-$295,000$0-
Durham100-$289,250$0-
Oxxford Hunt60-$287,500$0-
Fuquay-Varina8510-$274,500$0-
Raleigh7,8611171363.6%$264,000$232,00013.8%
Lakeside160-$259,500$0-
Castlebrook Estates210-$250,000$0-
Timberlake90-$250,000$0-
Willow Springs1390-$240,000$0-
Green Acres30-$240,000$0-

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