The Latest on the Growing Luxury Home Market in Raleigh, NC
Luxury living is about more than just stunning views and cutting-edge smart home technology—it's about elevating your lifestyle. If you're in the market for luxury homes for sale in Raleigh, NC, now is an excellent time to explore the thriving Raleigh real estate market. Here’s why.
The Number of Luxury Homes Is Growing
The top of the market, or luxury homes in Raleigh, NC, can mean different things depending on where you live. But in general, these are homes that are in the top 5% price range in any area. According to a recent report from Redfin, the average value of those homes has risen to over one million dollars:
“The median sale price for U.S. luxury homes, defined as the top 5% of listings, rose 9% year-over-year to a record $1.18 million during the second quarter.”
This report also shows that the percentage of homes valued at over a million dollars has reached an all-time high. (see graph below):
That means, if this is your desired price range, there are plenty of options to choose from, each offering unique features and styles in Raleigh luxury real estate.
Whether you’re searching for Raleigh NC homes for sale with modern kitchens, high-end appliances, exclusive amenities, or enhanced privacy, the Raleigh luxury home market that fits this lifestyle is growing.
Your Luxury Home Is an Investment
In addition, investing in luxury real estate in Raleigh NC can help build long-term wealth. As prices in the luxury market continue to rise, more people are turning to Raleigh luxury homes for sale as a valuable investment opportunity. According to the August Luxury Market Report:
“By the end of July, the overall growth in the volume of sales in 2024 stood at 14.82% for single-family homes and 11.35% for attached homes compared to the same period in 2023.”
Bottom Line
With more million-dollar homes on the market and rising prices, you have a wealth of luxury homes for sale in Raleigh to choose from. Whether you’re looking for single-family homes for sale in Raleigh NC, or Raleigh investment properties, this market offers plenty of opportunity. Want to explore the best options in the area? Let’s get in touch today.
