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Tuesday, November 5, 2024

Raleigh home prices rise in the third quarter of 2019

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The median sale price of a home sold in the third quarter of 2019 in Raleigh rose by $51,000 while total sales increased by 115150%, according to BlockShopper.com.

From July through September of 2019, there were 2,305 homes sold, with a median sale price of $260,500 - a 24.3% increase over the $209,500 median sale price for the same period of the previous year. There were two homes sold in Raleigh in the third quarter of 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 the third quarter of 2019.

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

CityJuly - Sept. 2019 Home SalesJuly - Sept. 2018 Home Sales% change (Total Home Sales)July - Sept. 2019 Median Sales PriceJuly - Sept. 2018 Median Sales Price% change (Median Sales Price)
Angier40-$295,000$0-
Willow Springs350-$290,000$0-
Durham60-$290,000$0-
Lakeside60-$281,000$0-
Fuquay-Varina2560-$280,000$0-
Raleigh2,3052115150%$260,500$209,50024.3%
Castlebrook Estates40-$251,500$0-
Winter Park20-$244,000$0-
Emerald Village20-$237,500$0-
Zebulon610-$235,000$0-
Timberlake40-$235,000$0-

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