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Saturday, May 4, 2024

Raleigh home prices rise in July 2019

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The median sale price of a home sold in July 2019 in Raleigh rose by $3,000 while total sales decreased by 1.8%, according to BlockShopper.com.

In July 2019, there were 820 homes sold, with a median sale price of $270,000 - a 1.1% increase over the $267,000 median sale price for the same period of the previous year. There were 835 homes sold in Raleigh in July 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 July 2019.

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

CityJuly 2019 Home SalesJuly 2018 Home Sales% change (Total Home Sales)July 2019 Median Sales PriceJuly 2018 Median Sales Price% change (Median Sales Price)
Durham10-$289,000$0-
Lakeside330%$282,000$280,0000.7%
Brookstone3250%$280,000$398,500-29.7%
Willow Springs12119.1%$276,000$250,00010.4%
Fuquay-Varina1099317.2%$270,000$264,0002.3%
Raleigh820835-1.8%$270,000$267,0001.1%
Lynwood Estates21100%$239,250$265,000-9.7%
Castlebrook Estates15-80%$238,000$270,000-11.9%
Emerald Village20-$237,500$0-
Knightdale595311.3%$229,000$207,50010.4%
Garner61610%$226,000$195,00015.9%

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