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Monday, November 25, 2024

Raleigh home prices rise in December 2019

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The median sale price of a home sold in December 2019 in Raleigh rose by $15,000 while total sales decreased by 64.2%, according to BlockShopper.com.

In December 2019, there were 213 homes sold, with a median sale price of $265,000 - a 6% increase over the $250,000 median sale price for the same period of the previous year. There were 595 homes sold in Raleigh in December 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 December 2019.

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

CityDec. 2019 Home SalesDec. 2018 Home Sales% change (Total Home Sales)Dec. 2019 Median Sales PriceDec. 2018 Median Sales Price% change (Median Sales Price)
Holly Springs2749-44.9%$309,000$300,0003%
Cary58143-59.4%$307,500$325,000-5.4%
Morrisville928-67.9%$307,000$277,50010.6%
Rolesville414-71.4%$292,500$339,000-13.7%
Fuquay-Varina2556-55.4%$275,000$252,5008.9%
Raleigh213595-64.2%$265,000$250,0006%
Castlebrook Estates20-$235,000$0-
Knightdale1027-63%$234,750$160,00046.7%
Colewood Acres21100%$196,000$159,50022.9%
Echo Heights10-$195,000$0-
Garner1637-56.8%$192,500$182,0005.8%

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