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Tuesday, November 5, 2024

Raleigh home prices rise in May 2020

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The median sale price of a home sold in May 2020 in Raleigh rose by $13,000 while total sales decreased by 97.8%, according to BlockShopper.com.

In May 2020, there were 15 homes sold, with a median sale price of $273,000 - a 5% increase over the $260,000 median sale price for the same period of the previous year. There were 690 homes sold in Raleigh in May 2019.

The median sales tax in Raleigh for the most recent year with available data, 2019, was $2,442, approximately 0.9% of the median home sale price for May 2020.

The following table compares Raleigh to other Wake County cities in May 2020:

CityMay 2020 Home SalesMay 2019 Home Sales% change (Total Home Sales)May 2020 Median Sales PriceMay 2019 Median Sales Price% change (Median Sales Price)
Wake Forest6106-94.3%$680,500$326,000108.7%
Fuquay-Varina275-97.3%$361,000$289,00024.9%
Apex377-96.1%$350,000$342,5002.2%
Rolesville116-93.8%$345,000$257,50034%
El Camino Estates10-$300,000$0-
Raleigh15690-97.8%$273,000$260,0005%
Garner252-96.2%$272,000$216,50025.6%
Zebulon115-93.3%$230,000$136,50068.5%
Heatherbrook10-$227,000$0-
Cary4212-98.1%$226,000$379,000-40.4%
Morrisville232-93.8%$196,500$342,500-42.6%
Angier03-100%$0$225,000-100%
Pine Hurst Park00-$0$0-
Colewood Acres02-100%$0$165,250-100%
Knightdale040-100%$0$198,750-100%
Stoneridge00-$0$0-
Green Acres00-$0$0-
Queen Pines00-$0$0-
Birchwood Hills Estates01-100%$0$340,000-100%
Lake Anne01-100%$0$545,500-100%
Arrowood02-100%$0$184,500-100%
Deerfield00-$0$0-
Willow Creek00-$0$0-
Waco Heights00-$0$0-
Winter Park00-$0$0-
Pineview Estates00-$0$0-
Will-O-Dean Acres01-100%$0$285,000-100%
Brookhaven00-$0$0-
Medfield Estates00-$0$0-
Emerald Village00-$0$0-
Avocet01-100%$0$378,000-100%
Wendell027-100%$0$232,000-100%
Timberlake03-100%$0$390,500-100%
Durham00-$0$0-
Holly Springs061-100%$0$385,000-100%
Lynwood Estates01-100%$0$238,500-100%
Lakeside01-100%$0$260,000-100%
Riverview North01-100%$0$165,000-100%
Willow Springs010-100%$0$220,000-100%
Angelview02-100%$0$160,000-100%
Barclay Downs02-100%$0$210,500-100%
New Hill02-100%$0$437,000-100%
Oxxford Hunt01-100%$0$460,000-100%
Golden Forest01-100%$0$185,000-100%
Brookstone00-$0$0-
Echo Heights01-100%$0$222,500-100%
Clayton05-100%$0$210,000-100%
Castlebrook Estates01-100%$0$240,500-100%

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