March 2025 Raleigh Luxury Real Estate Market Update
The Raleigh luxury real estate market continues to evolve, with price trends and inventory shifts shaping the buying and selling experience. While home prices remain strong, market conditions vary by location. Whether you’re searching for Raleigh luxury homes for sale or looking to buy in other top areas, here’s what you need to know.
Apex: A Competitive Luxury Market
Apex has seen steady growth, making it a sought-after area for luxury buyers. The median home price now is $886,000, reflecting a 6% increase from last year. This appreciation highlights the strong demand for high-end homes in the area.
Homes in Apex are staying on the market longer, with an average of 15 days—a 2,900% increase compared to a year ago. However, this rise is due to the previous ultra-fast market, where homes sold within hours. Even with this change, the luxury market remains competitive. Inventory is also improving, with 53 active listings (up 29%) and 2.0 months of supply (up 24.5%), offering buyers more choices.
Cary: A Seller’s Market for Luxury Homes
The market for luxury homes in Cary, NC, is still favoring sellers, with limited inventory and high demand. The median sales price has climbed to $1,160,000, marking a 13% increase over the past year.
Homes in Cary are selling quickly, spending an average of just 3 days on the market—a 57% decrease from last year. This means buyers must move fast when they find a property they love. With only 57 active listings (down 23%) and 2.4 months of inventory (down 26%), competition remains high, reinforcing the area’s desirability.
Holly Springs: The Fastest-Growing Luxury Market
Holly Springs leads in price growth, making it an attractive area for buyers seeking appreciating property values. The median home price has jumped to $815,000, a 28% increase from last year.
Homes are selling steadily, averaging 19 days on the market, which is 26% faster than before. The number of active listings has risen to 27 (up 28%), and inventory has grown to 3.9 months—a 175% increase. While this signals a shift toward a more balanced market, competition is still strong due to the relatively low number of listings.
Raleigh: A Shifting Luxury Market
The Raleigh luxury homes market remains dynamic, with prices continuing to climb. The median sales price now stands at $1,150,000, reflecting a 4.5% increase over the past year.
Homes are staying on the market longer, with an average of 39 days, up 116% from last year. This suggests buyers are taking more time to make decisions, especially at higher prices. Inventory has dipped slightly, with 346 active listings (down 2.7%), and the supply of homes has decreased to 4.5 months (down 28.1%).
What This Means for Buyers and Sellers
Luxury home prices are rising, and while inventory is improving in some areas, competition remains strong. Timing is key if you’re looking for Raleigh luxury homes for sale, especially in markets like Cary, where homes move quickly. For buyers, patience and preparation are essential, while sellers can still take advantage of high demand in key areas.
No matter where you’re looking, understanding these trends will help you make informed decisions in this evolving market.
