THE TRIANGLE AREA | RALEIGH RESIDENTIAL SALES SUMMARY

Raleigh’s real estate market has been red hot, with prices at record highs. Home values have been rising in parallel in June, pushing the Average Sales Price of Raleigh homes to $606,256–marking another historic high in Raleigh with average home prices exceeding $600,000

The Median Sales Price in Q2 2023 for a single family home in Raleigh was $433,333 for a year over year decrease of -1.17%

Raleigh Occupied Housing Units

51% of homes are owner-occupied households and 49% are renter-occupied households

As of July, 2023 the Average Month's Rent in Raleigh for a 2 bedroom was $1,650

The Median Sales Price in Q2 2023 for a single family home in Wake County was $486,100 for a year over year decrease of -0.38%