Raleigh and Durham Real Estate Stats:
Still Strong, But Shifting
Many say the Triangle real estate market is cooling. Yet July’s numbers tell another story.
- 3,511 homes sold across the 16 counties around Raleigh, Durham, Cary, and Chapel Hill.
- Days on market rose from 18 (year ago) to 24 in July—a 33% increase.
- Median days on market doubled from 5 to 8 days, a 60% jump.
- Median sale price held steady at $415,000, unchanged from July 2024.
- Total home sales amounted to about $1.799 billion.
So while homes are taking longer to sell, prices have held firm—unlike many parts of the country where home values are slipping.
National Trends: How the Triangle Compares
Zillow Home Value Index (ZHVI)
- U.S. typical home value: about $369,147 as of June 2025, up 0.5% year-over-year (ResiClub, Zillow).
- Zillow forecasts a ~2% drop in U.S. home values by year-end 2025, driven by more listings and high mortgage rates (Better Homes & Gardens).
- Earlier in 2025, Zillow projected a modest +0.8% increase in home prices from Feb 2025 to Feb 2026, but adjusted downward as supply rose (ResiClub).
Triangle vs. U.S.: Your $415,000 median is well above the national average, and it remains flat, a sign of continued regional strength even as national prices wobble.
ResiClub Snapshot
- Home prices nationally edged up just 0.2% from June 2024 to June 2025 (ResiClub).
- Among the 300 largest metro markets, 110, about 36%,saw year-over-year price drops. That includes Raleigh, at –2.1%, showing some local softness (ResiClub).
- Active listings nationwide rose 25% year-over-year, though total inventory still remains 11% below pre-pandemic (2019) levels (ResiClub).
Takeaway: While many markets are softening, Triangle home prices have held steady even as inventory climbs making the area more resilient than many peers.
Why This Matters for Buyers and Sellers
- Sellers may need to adjust expectations: longer time on market suggests less urgency as pricing strength may begin to ease.
- Buyers benefit from more options, but sustained prices mean they still face affordability challenges.
- Compared to markets like Austin or Tampa (both down over 5%) (ResiClub), the Triangle remains a stable and attractive market.
Summary Table – Triangle vs. National Snapshot
| Metric | Triangle (July 2025) | National (ZHVI / ResiClub) |
| Median Sale Price | $415,000 (unchanged YoY) | ~$369,147 (+0.5% YoY) |
| Days on Market | 24 days (avg); 8 med | ~17 days to pending |
| Price Trend | Flat | Slight declines expected (~–2%) |
| Inventory Trend | Not stated | +25% YoY (still –11% pre-pandemic) |
The Bottom Line
The Triangle market, while showing signs of slowing, still outperforms national trends. Prices remain steady, and sales volume is healthy. As inventory gradually increases nationwide, the Triangle’s resilience positions it as a standout, vibrant market.