April 2025 Raleigh Luxury Market Update

The Raleigh luxury real estate market sees a mix of steady prices, increasing inventory, and shifting buyer behavior. While homes are still moving quickly in certain areas, it’s clear that buyers are becoming more selective, and sellers need to be strategic. Here’s a closer look at what’s happening in four key cities: Raleigh, Cary, Apex, and Holly Springs.

Raleigh Luxury Market Update

Raleigh’s luxury market remains one of the steadiest in the region. The median sales price sits at $1,017,500—holding steady from last year, though slightly lower than the previous month’s $1.15 million. Homes are spending an average of 20 days on the market, which is a big increase from last year, but an improvement from last month’s 39 days. With 353 active listings and 3.4 months of inventory, Raleigh offers more options for buyers. Notably, it’s the only city that saw an increase in closed sales year-over-year, with 104 sales—up 18%.

Cary Luxury Market Update

Cary saw a median sales price of $987,500, up nearly 10% from last year but slightly down from last month. The price shift may reflect either an adjustment to meet buyer expectations or a wider range of price points on the market. Homes spent about 5 days on the market—still quick for a luxury area. Inventory is growing, with 90 active listings and 2.5 months of supply. However, closed sales dropped 34.5%, with only 36 homes sold, suggesting buyers are taking more time to decide.

Apex Luxury Market Update

Apex experienced a sharp 12% jump in median sales price from last month, reaching $1,005,000. Homes here are moving quickly, averaging just 5 days on the market. However, active listings are down 34.5%, while months of inventory doubled to 2.5. Closed sales dropped by 34%, indicating that buyers may be more cautious or sellers are getting smarter with pricing strategies.

Holly Springs Luxury Market Update

Holly Springs posted a median sales price of $840,000—slightly up from last year, reflecting stable pricing. Homes are moving fast, with just 3 days on market. Inventory rose to 30 active listings, and supply reached 1.8 months. With 17 closed sales, down slightly from last month, the area continues to attract buyers, likely due to its more affordable luxury pricing.

Final Thoughts

More inventory and fewer closed sales define this month’s trend, but homes are still moving quickly in competitive markets. Sellers need to price strategically, and buyers should be prepared with strong offers—especially in popular areas like Raleigh.