2021 Raleigh house rates in comparison to Winston-Salem, Greensboro

Wake County arrived at an all-time significant median authentic estate rate just lately — practically $400,000 — but some locations of the state saw even larger pricing boosts.

Information from Redfin Metro Area displays how median household costs in a variety of North Carolina metro places have fluctuated given that January 2020, ideal just before the pandemic.

Here’s a seem at how Raleigh’s switching median residence rates stacked up versus other NC metro parts.

Observe: Facts for every single thirty day period signifies a rolling window of the past 90 times.

Which NC metropolitan areas observed major alterations in median home costs?

• As of November 2021, Raleigh experienced almost a 35% boost in median dwelling prices, relative to January 2020, in accordance to Redfin.

• Median home price ranges in Pinehurst saw nearly a 22% reduce from January 2020 — the major lower of all metropolitan areas incorporated in this graph from January 2020 to November 2021.

• Median residence price ranges in Henderson noticed virtually a 92% raise from January 2020 — the biggest boost of all towns incorporated in this graph from January 2020 to November 2021.

Chart can be seen with this story at newsobserver.com/news/business enterprise.

How major cities’ property costs review

Winston-Salem experienced the biggest increase in median property rates involving January 2020 and November 2021, of the a few premier NC metro locations with info offered (Raleigh, Winston-Salem and Greensboro). Winston-Salem’s median home costs observed an practically 45% increase in that time frame.

Greensboro defeat out Raleigh as town with the next-biggest maximize in dwelling prices out of the a few key cities with knowledge obtainable. Greensboro experienced an practically 37% maximize in median house selling prices amongst January 2020 and November 2021.

• Details for median dwelling rate adjustments in Charlotte was not readily available.

Chart can be considered with this tale at newsobserver.com/news/business.

Wake County’s all-time real estate significant

Wake County attained an all-time substantial median genuine estate cost in September — $390,000. That features the median regular monthly selling prices of recorded transactions less than $1 million, which features the broad majority of housing marketplace product sales action.

This landed the Triangle as the No. 2 real estate marketplace for development in a 2022 forecast by the Urban Land Institute. The region also rated to start with for homebuilding prospective buyers for the fifth yr in a row, The N&O noted.

Wake County experienced 2,590 transactions of fewer than $1 million in September. The whole was $1.02 billion, down over $109 million from August’s transactions of $1.13 billion.

27608HomeRaleigh.jpg
A household detailed for sale in Raleigh for $790,000 in August 2021. Triangle MLS

Related tales from Raleigh Information & Observer

Kimberly Cataudella (she/her) is a company journalism reporter for The News & Observer.