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Are you looking for homes for sale in Raleigh, NC? We have all of the new listings on our website BreezyRaleigh.com. Breezy Real Estate specialize in helping buyers and sellers of metropolitan Raleigh North Carolina homes.
Learn the average price of a home in Raleigh, NC. Also read about the trend in home values and home sale data. Find out where to live in North Carolina's second-largest city, and compare homes for sale in different neighborhoods.
There are many reasons why you should consider buying a home in Raleigh, NC. This metro area is known for its modern culture and lively environment, making it the perfect place to raise a family. In addition, the current housing market in Raleigh is booming, with prices reaching all-time highs. Here are five reasons why you should buy a home in Raleigh:
1. The Culture & Environment of Raleigh Are Uniquely Cool
Raleigh is known for its cutting-edge culture and beautiful environment. From its vibrant nightlife to its array of restaurants, this city has something for everyone. Plus, the area is only becoming more popular with each passing year.
2. The Area Is Booming with New Development
Raleigh is seeing tremendous growth and new development – making it one of the most exciting real estate markets in the country right now. Raleigh is a city that is constantly growing and expanding. With new businesses and houses popping up all the time, there is always something new to see in Raleigh. Recently, there has been a lot of development in the area around North Hills. This has been great for the city, as it has brought in many new jobs and businesses. There are plenty of opportunities to find your dream home here, regardless of your budget or preferences.
3. The Location Is Perfect for Those Who Want to Be Close to Everything
Raleigh is situated in the heart of North Carolina and easily connects to major cities like Charlotte and Durham via I-40 and I-85. This makes it an ideal location for those who want to be close to everything while still having plenty of space to relax and enjoy life their own way.
4. Homes in The Area Are Insanely Affordable Compared to Similar Cities Around The Country
With prices soaring above all-time highs in Raleigh, homes are now considerably cheaper than they have ever been before in this area – making it one of the best values on the market today! Plus, since there are so many options available, you're sure to find something that perfectly fits your needs and budget.
5. Wake County Is One of The Most Attractive Places to Live In North Carolina
With its beautiful scenery, vibrant arts and culture scene, and top-notch schools, Wake County is one of the most desirable places to live in North Carolina right now. New charter schools and high schools have recently been built in the greater Raleigh area as well.
Over 5,500 Homes for Sale in Raleigh and Durham areas Combined
You can narrow your search by square footages, number of bedrooms, specific keywords or other detailed information. Then, you can save your search to receive emails with matching listings. You can even view homes that have recently dropped in price to get a better idea of which are the best deals. Now that's a great way to find the perfect home!
The Average Price of Raleigh Homes
In Raleigh, the capital of North Carolina, the average price of a home is higher compared to other parts of the country. There are fewer single-family houses available and the demand for them is still strong. Real estate experts today suggest that home prices will slowly continue to increase in the Raleigh area as in most metro areas.
According to the Triangle Multiple Listing Service, the average home sales price in Raleigh is $485,650. This is substantially higher than the price of a home in other cities. The levels of inventory in one of the best cities compared to demand is one of the main reasons for the rising prices. Although new listings were up 1% since the same time last year. Buyers from New York, California, and New Jersey are willing to spend more for a new house in Raleigh.
The price of homes in Raleigh was rising rapidly but has since slowed down some. In July of 2022, the median price of a home is $420,000. This includes the middle price tier of homes. Since 2011, home values in Raleigh have grown over 30%, making it one of the most expensive cities in North Carolina. Buying a home is one of the largest purchases most people will ever make, so it's important to know the average price of a home in Raleigh, NC.
As of September 2022, the cost of living in Raleigh was 5.1% higher than what was stated for the national average. The area has a relatively small but growing population. This means that you may eventually recognize a familiar face in a crowd. It's also a short drive to the lake or beach. Despite the high cost of living, the quality of life is one of the best things and people are generally satisfied with their living conditions.
Although there is no major military base in the city of Raleigh, the city is still home to several moderately sized military employers. The United States Army Corp of Engineers has a base in the city, as does the North Carolina National Guard. The city is also home to the US Army Research Office and the Defense Criminal Investigative Service. Fort Bragg is roughly 50 miles from Raleigh, NC.
Home Value Trends
Home values in Raleigh, NC have been increasing steadily for the past ten years. The last two years have seen the highest appreciation rates. The median primary residence value in Raleigh has increased by 34.8%, which is higher than the national average. Home values are expected to continue to rise in the coming years.
The housing market in Raleigh is stable, which means that buyers will have an easier time finding a single family home. The number of available homes in the Raleigh area has increased in recent months. The unemployment rate is low, which should support the real estate market in Raleigh. However, it is important to note that the current housing market is competitive. Luxury homes are available for those interested.
While the Raleigh real estate market has experienced historically high home appreciation rates, many factors contribute to the high demand. A low unemployment rate and a booming economy have driven buyers to the market. In addition, more tech companies are moving to Raleigh. These factors, along with the low unemployment rate, have resulted in a significant increase in home values in Raleigh.
The median days on market have increased over the past month but have decreased compared to last year. As a result, there is a greater need for housing in Raleigh. Approximately 7,600 to 8,600 new housing units are needed to meet the city's growing population. This means that the Raleigh real estate market offers an excellent opportunity for investors.
Home prices in Raleigh, NC are expected to rise steadily in the next year. This increase is largely due to steady demand and the lack of available homes. Rents in Raleigh are also rising, and are up over 15% year over year. Rental prices are expected to rise further, as competition for rentals is high.
Raleigh Employers
There are many areas in Raleigh to consider when buying a new home. Your preference will determine which neighborhood is best for you. Some popular neighborhoods include Cary, downtown Raleigh, Apex, Holly Springs, Garner and North Raleigh. Downtown Raleigh is a popular choice for young professionals and artists, as it offers many downtown amenities. It also offers good public transit, restaurants, and shopping. However, you should know that the property prices in this area are among the highest in the state.
North Raleigh offers an upscale environment and is steadily growing. It has several nice neighborhoods with beautiful homes and is located near many attractions in the Triangle. North Raleigh is generally defined as the area north of the I-40 Beltline, which runs through the city. The Northeast Raleigh area is growing in popularity. It offers a suburban lifestyle with low crime and quality schools. The area is well connected via I-40 and the Raleigh Beltline, and is home to many shops, grocery stores, and libraries. Its low crime rate makes it a popular choice for many people.
Knightdale is a popular choice for young families. The area is located 15 minutes west of downtown Raleigh. It is one of the fastest-growing cities in the South. Its convenient location makes it one of the best places to live in Raleigh for families wanting single-family homes. It is home to many renowned dining options, shopping, wooded neighborhoods, and culture. Families will also appreciate the great outdoor recreational opportunities offered in this area.
The cost of living in Raleigh is relatively low compared to other major cities in the United States. As mentioned earlier, the median home sales price in Raleigh (as of July) is $420,000, which is slightly lower than the national median of $428,700. In addition, groceries and transportation costs are slightly lower in Raleigh than the national average. As a result, the overall cost of living in Raleigh is roughly 2-3% lower than the national average.
University Education
North Carolina State University has a rich history dating back to 1887 and is known for its research in agriculture, engineering, business, education, health sciences, law and dentistry. NC State is also a major public research university with more than $1 billion in total assets.
Raleigh Shopping
Crabtree Valley Mall is one of the largest shopping malls in the Southeast with over 1.3 million square feet of space. It has over 190 stores. Triangle Town Center is a wonderful spot for both residents and visitors to enjoy shopping and excellent meals. There are over 150 stores and restaurants.Live Music Venues
The Raleigh area is home to a number of live music venues, offering something for everyone. Such as:The Ritz Theater
This intimate venue is perfect for up-and-coming bands and has hosted performances by some of the biggest names in music. The Ritz Theater is located in downtown Raleigh, just a short walk from many other attractions.
Red Hat Amphitheatre
Home to popular national acts such as U2 and Taylor Swift, the Red Hat Amphitheatre can seat up to 20,000 people. Easy access to get there by car or public transportation.
Coastal Credit Union Music Park
This is an 8,000-seat amphitheater located in Raleigh, North Carolina. The venue has hosted many major touring acts including Nickelback, Kid Rock, and Tim McGraw.
The Koka Booth Amphitheatre
Located in Cary, NC, Koka Booth is one of the most iconic venues for live music in the Triangle. The venue has a seating capacity of 2,800 and hosts a variety of concerts, including national touring acts. The venue also offers an outdoor amphitheater setting that makes it perfect for summer concerts.
There are also a number of small, independent venues throughout the Raleigh area that offer great live music experiences at a fraction of the cost. If live music is your thing, there's no shortage of venues to choose from in Raleigh as it is a prime location to call home.
Summary
There are many reasons to consider buying a home in the Raleigh, NC area. The area is growing and has a strong economy, which makes it a great place to live and work. The housing market is still strong, and there are many options for buyers to choose from. Additionally, Raleigh is a great place to raise a family and has many amenities and activities for residents to enjoy. If you are considering buying a home in Raleigh, NC, be sure to consider all of these factors.
