It’s no secret that the Triangle is the place to be. From attracting Fortune 500 companies to being nicknamed the “Smithsonian of the South,” it’s clear our city is drawing a crowd. And with more and more new neighbors comes a shift in Raleigh’s housing market. Before we look at the Triangle’s projected housing market for 2022, check out last year’s numbers:
- Realator.com reported that Wake County saw a 22% increase in average home price, growing from $328,000 in January to $400,000+ by November.
- In November, Raleigh’s median listing home price was $397,000, trending up 16.6% year-over-year.
- In November, Durham’s median listing home price was $359,900, trending up 24.1% year-over-year.
- In November, Chapel Hill’s median home price was $492,000, trending up 9.3% year-over-year.
Here’s what’s projected for the Triangle’s housing market in 2022:
- Realtor.com ranked Raleigh No. 24 out of 30 in the Metropolitan city category in its top housing markets for 2022 study.
- The City of Oaks is projected to see a home sale increase of 9.6% and a 4% increase in home prices.
- Zillow predicted Raleigh will be the third hottest market in the US.
- For the Durham + Chapel Hill metro, sales are projected to increase 8.9% with a 4.2% increase in home prices.
Did you buy or look at Raleigh homes in 2021? We’d love to hear about your experience + what factors helped you decide to consider that neighborhood.
