Now, to focus on the homes for sale in Raleigh, NC. Naturally, in a growing city, you would expect the real estate market around Raleigh to be booming and you would be correct. With more and more people choosing to call this great city home, year after year, the Raleigh real estate market is a bit more dynamic than other parts of the state. The median home value price, according to Zillow, for Q1 of 2020, is $287,000. Since 2019, the home values have appreciated nearly 3% and the predictions are that they will rise even more over the next year. Now is the time to buy a home in or near Raleigh.
When it comes to buying Raleigh, NC homes for sale, the numbers show there is quite a bit of room to negotiate. The median listing price was $350,000 and the median sale price was $287,000, as of January 2020. At the same time, homes are averaging 70 days on the market, making it a pretty quick turnover from a seller’s perspective. In addition, over the last five years, home prices have increased by 38%. Raleigh homes for sale include a wide range of styles that include the following:
Traditional- predominate style on the market. Clean features, tall roofs with gables, open and functional floor plans.
Bungalows- especially downtown Raleigh, these single-story or partial second-story homes are quite popular. Many of the older ones have undergone renovations around the city.
Brownstone Townhomes- not necessarily a historical type in the area, but more and more popular in downtown Raleigh, these townhomes are characterized by multilevel and reddish-brown sandstone façade.
Victorian & Historic- these are highly coveted from those who appreciate architectural history. From the older neighborhoods within the city limits to the suburbs with some land, the Raleigh area has many to offer.
As you can tell, the real estate in Raleigh is quite diverse and fast-moving as of the last few years. With an expanding city, great quality of life, and a beautiful landscape, it is easy to see why so many people call and want to call Raleigh home.