The Triangle housing market - 2022

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Raleigh skyline | Photo by Curtis Adams via Pexels

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.

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