How Competitive Is the Triangle Real Estate Market Right Now?

The Triangle’s housing market continues to evolve as the region’s strong economy, job growth, and lifestyle appeal keep demand high — especially in Wake County, where new data shows both opportunity and ongoing competition for buyers.

1. More Listings, but Homes Still Move Quickly

According to the latest Wake County MLS data (September 2025), the number of new listings rose 8.5% month-over-month and 13.7% year-to-date, giving buyers slightly more options than last year.

However, even with more inventory, homes are still selling quickly, the average days on market climbed from 18 to 30 days, which is still relatively fast for the Triangle.

🕐 In most price ranges, well-priced homes are going under contract within 2–3 weeks, especially in Cary, Apex, and parts of North Raleigh.

2. Prices Are Leveling, Not Dropping

Median home prices in Wake County dipped 2.1% in September to $465,000, but year-to-date numbers remain flat at $480,000, showing the market is stabilizing rather than declining.

Average sale prices are nearly unchanged at $579,481, reflecting a healthy balance between supply and demand.

💡 For buyers, this means there may be less bidding frenzy than in 2021–2022, but prices remain resilient thanks to steady demand.

3. Slightly More Breathing Room for Buyers

Inventory levels are improving, with 4,520 homes for sale (up 34.6% from last year) and a 3.3-month supply of homes, up from 2.6 months in 2024.

That’s still considered a seller’s market, but the gap is closing. Buyers have a bit more negotiating power and more time to evaluate options compared to the ultra-competitive years of 2021–2022.

4. Pre-Approval Remains Essential

Even with more listings, competition remains strong for desirable homes.

• Multiple offers are still common for homes priced right or located in top school zones.

• Sellers continue to receive about 98.5–98.9% of their asking price, according to the report.

✅ Tip: Get pre-approved before you start shopping.
It’s the single most effective way to strengthen your offer and move fast when the right property appears.

5. What to Expect Heading Into 2026

Economists expect the Triangle to remain one of the nation’s most stable and desirable housing markets, driven by:

• Ongoing job growth in tech, biotech, and healthcare

• Population growth and relocation demand

• Limited land availability in high-demand areas

Buyers who are prepared, financially and strategically, can still find great opportunities, especially as the market evens out from recent years’ peaks.

Final Thoughts

The Triangle real estate market remains competitive but balanced — a shift toward more normal conditions after years of record growth.