Midtown Momentum: What’s Next for Raleigh Real Estate
At Hillman Real Estate Group, we love keeping a pulse on what’s next for our city—and Raleigh’s future is looking bright! Earlier this month, members of our team attended the Midtown Raleigh Alliance 2025 Real Estate Forum, where community leaders, developers, and visionaries came together to share what’s on the horizon for Midtown. From updates on The Exchange and North Hills, to exciting new residential projects—it’s clear there’s no slowing down for Midtown Raleigh.
The Market Snapshot: 2025 So Far
While Raleigh continues to evolve, the local housing market remains competitive—though with some shifts worth noting:
- Inventory is up 32% from last year, offering more options for buyers.
- It’s still a seller’s market, but homes need to be well priced—most sell within two to three days when they are.
- The median home price is $469,000, and the average is $674,000—both up year-over-year.
- Days on market have increased slightly to 31 days, up from 23 last year.
- Buyers aren’t overpaying as often, though showings are up, signaling active interest.
Affordability & Migration: The Big Story
The biggest challenge right now? Affordability. The median household income can no longer comfortably support the median home price—a growing concern as migration into the Triangle continues to drive demand. Raleigh’s popularity remains one of its greatest strengths, but it also fuels competition for homes across all price ranges.
What’s Ahead: Growth, Balance & Lifestyle
Forum speakers noted that a balanced market is the goal for long-term health—and that Raleigh continues to rank among the nation’s top growth markets.
One interesting trend on the horizon: a growing demand for luxury condominiums. Many Baby Boomers are downsizing and relocating to be near their families, prioritizing low-maintenance, luxury living with access to urban conveniences.
As Raleigh grows vertically—with more mixed-use developments and high-rise residential options—leaders are emphasizing responsible growth that preserves open spaces, community gathering areas, and natural connections. The goal? To create communities that balance urban amenities with the breathing room people crave—especially those coming from larger, denser cities.
Raleigh’s future looks bright, balanced, and beautifully designed for the next generation of homeowners.
Curious what these market trends mean for your next move? Whether you’re buying, selling, or just exploring your options, our team is here to help you make confident, informed decisions in this evolving market. We’d love to talk more about what’s happening locally and how it impacts your goals. Contact us today at Renee@HREGSells.com or 919-877-6708.