Recently Sold Homes in Raleigh, Central Raleigh

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Raleigh, NC Real Estate Insights

Raleigh is regularly ranked first as one of America's Best Places to live - after all, with a median income of $59,679, rising home prices and a moderate, comfortable climate, relocating to North Carolina's capital makes sense for many. Living in Raleigh provides residents with a convenient, central location to call home. The city is only three hours from the mountains and two hours from the Atlantic Ocean, where charming coastal towns and seashore flair make weekend getaways a breeze. Some of the most popular beaches near Raleigh include Wrightsville Beach, Carolina Beach, Kure Beach and Atlantic Beach - each offering a unique yet nostalgic take on the North Carolina seashore.
Determining affordability before beginning a home search in Raleigh is key. The average list price increased between 2014 and 2015, from $310,067 to $338,320, or 9.11 percent. This recent rise provides Raleigh homeowners with confidence in their home value growth without pricing future buyers within the moderate price range out of the market. At the same time, Raleigh inventory dropped 14.12 percent, from 2,089 listings in 2014 to 1,794 listings in 2015. So, future Raleigh house hunters may want to get a jump start on their home search if the market continues to tighten in the same fashion as it has in the past year.