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The Real Estate Market Report for Raleigh-Durham: July 2021

Written By:

The Orchard Team

Published

August 16, 2021

Updated

In this article:

Welcome to the July 2021 real estate market report for the Raleigh-Durham, NC area.

We are tracking the most important housing metrics and sharing them for our markets each month, to provide insight into how competitive and affordable (or not) these areas are.

Here’s a full list of the housing market numbers for Raleigh-Durham for July 2021:

Raleigh, NC	July 2021	July 2020	Year-over-year growth
Median home sale price	$362,000	$299,900	21%
Median price per square foot	$184	$147	25%
Number of new listings	4,059	4,524	-10%
Number of closed listings	3,495	4,037	-13%
Months of supply	0.6	1.2	-50%
Average number of days on market	18	52	-65%
Percent of listings sold above listing price	77%	38%	103%

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You can also review the full numbers in the infographic below. Feel free to share it with your neighbors and friends on social media:

raleigh durham july 2021 real estate market report

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The Orchard Team

Orchard is a new type of real estate brokerage that removes the stress and uncertainty of buying and selling a home.

Read full author bio

The stress-free way to buy and sell

With Orchard, secure your dream home before you list. Avoid home showings, double mortgages, and double moves.