Report: 2024 Triangle Houses Sold Per City

1. Top Performers (Price):

• New Hill leads in average price at $821,913, but it has only 156 closed sales, indicating a niche or luxury market.

• Chapel Hill and Cary follow with average prices of $768,890 and $704,957 respectively, alongside high closed sales numbers (1,110 and 1,693), showing balanced high-value and volume markets.

1. Top Performers (Volume):

   • Raleigh dominates in closed sales with 6,617, significantly outpacing all other cities. Despite a moderate average price ($590,422), this indicates Raleigh’s broad appeal and potential for steady revenue generation.

   • Durham and Clayton also have high closed sales (3,689 and 1,657), with relatively lower average prices ($475,218 and $390,620), suggesting affordability and high demand.

2. Balanced Markets:

   • Cities like Wake Forest and Apex show a healthy combination of good average prices (~$590,000 and $662,301) and high closed sales (1,601 and 1,511), indicating attractive locations with steady buyer interest.

3. Affordable Markets:

   • Smithfield and Selma have the lowest average prices ($325,774 and $329,896), but moderate closed sales numbers (486 and 252), highlighting opportunities in entry-level or budget-friendly housing.

4. Smaller Markets:

   • Rolesville and Morrisville have fewer closed sales (130 and 255) and relatively higher average prices ($487,456 and $553,897), suggesting these markets cater to a specific buyer segment.

^{_{Data Analysis by Sylvain Dufour - Data engineering and visualization by Vanessa Peeters}}