Interactive map: See how home values have changed for every Triangle ZIP code
The median home price in the Triangle slid to $385,000 in January – a 2.5% drop month-over-month.
But that’s still up 3.9% compared to the same time last year, according to the latest data from Triangle MLS.
Inventory is also on the rise. It’s a whopping 240% higher year-over-year.
Meanwhile, sales are down by 30% over that same period, the report said.
With more homes on the market and less competition, analysts say buyers have more bargaining power after two-plus years of sky-high home prices.
Two interactive maps below, powered by data from national real estate firm Zillow, show the average home value for most ZIP codes in Raleigh, Durham and the greater Triangle.
Among the highlights:
- The most expensive ZIP code in Raleigh was 27608, covering the Five Points and Oberlin communities north of downtown. Average home values there stood at $874,988 as of February 2023, up 7.37% year-over-year.
- Behind that was the 27514 ZIP code, which is part of the town of Chapel Hill, with home values of $692,461, up 9.8% year-over-year.
- Rounding out the top three: ZIP Code 27523, which is part of the town of Apex, with home values of $662,580, up almost 9.1% year-over-year.
This story was originally published February 28, 2023 at 8:00 AM.
