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Saturday, May 18, 2024

Raleigh home prices fall in August 2020

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The median sale price of a home sold in August 2020 in Raleigh fell by $10,000 while total sales decreased by 98.6%, according to BlockShopper.com.

In August 2020, there were 13 homes sold, with a median sale price of $250,000 - a 3.8% decrease over the $260,000 median sale price for the same period of the previous year. There were 919 homes sold in Raleigh in August 2019.

The median sales tax in Raleigh for the most recent year with available data, 2019, was $2,442, approximately 1% of the median home sale price for August 2020.

The following table compares Raleigh to other Wake County cities in August 2020:

CityAug. 2020 Home SalesAug. 2019 Home Sales% change (Total Home Sales)Aug. 2020 Median Sales PriceAug. 2019 Median Sales Price% change (Median Sales Price)
Cary5258-98.1%$415,000$335,00023.9%
Wake Forest5129-96.1%$385,000$319,00020.7%
Apex3125-97.6%$332,000$342,000-2.9%
Fuquay-Varina1100-99%$331,500$280,50018.2%
Medfield Estates110%$323,000$325,000-0.6%
Knightdale359-94.9%$316,000$215,00047%
Raleigh13919-98.6%$250,000$260,000-3.8%
Garner165-98.5%$219,500$235,500-6.8%
Willow Creek02-100%$0$321,000-100%
Waco Heights02-100%$0$205,000-100%
Morrisville034-100%$0$340,750-100%
Winter Park00-$0$0-
Pineview Estates00-$0$0-
Will-O-Dean Acres00-$0$0-
Brookhaven03-100%$0$475,000-100%
Emerald Village00-$0$0-
Avocet00-$0$0-
Wendell035-100%$0$180,000-100%
Timberlake02-100%$0$245,000-100%
Durham02-100%$0$293,000-100%
Holly Springs099-100%$0$306,000-100%
Lynwood Estates01-100%$0$233,000-100%
Rolesville026-100%$0$399,000-100%
Lakeside02-100%$0$274,500-100%
Riverview North02-100%$0$159,000-100%
Willow Springs013-100%$0$302,000-100%
Angelview01-100%$0$110,000-100%
Barclay Downs03-100%$0$307,000-100%
New Hill02-100%$0$539,000-100%
Oxxford Hunt00-$0$0-
Golden Forest02-100%$0$169,500-100%
Brookstone01-100%$0$440,000-100%
Echo Heights01-100%$0$232,000-100%
Clayton03-100%$0$261,000-100%
Castlebrook Estates02-100%$0$271,500-100%
Heatherbrook02-100%$0$172,500-100%
Angier01-100%$0$335,000-100%
Pine Hurst Park00-$0$0-
Colewood Acres03-100%$0$185,000-100%
Stoneridge00-$0$0-
Green Acres00-$0$0-
Queen Pines02-100%$0$167,750-100%
El Camino Estates02-100%$0$210,500-100%
Birchwood Hills Estates04-100%$0$462,500-100%
Lake Anne00-$0$0-
Zebulon023-100%$0$245,000-100%
Arrowood00-$0$0-
Deerfield00-$0$0-

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