2021 North Carolina Housing Market Hike

Shareium July 16, 2021 No Comments

2021 North Carolina Housing Market Hike

If there’s a single decent thing to come out of this pandemic, it’s the fact that COVID-19 has helped us to be able to predict the housing market for the Triangle area in 2021. According to experts, we will be able to see many effects specifically in the Raleigh-Durham and Charlotte markets when it comes to being a seller’s market.

For the past decade, the Raleigh-Durham market has been in high demand thanks to low interest rates and its existing popularity. Last year, U-Haul named Raleigh the top Growth City in America based on migration data. When looking at 2021, the Research Triangle continues to bring buyers in masses. Did you know that more than 41 percent of offers face competition in the city? Views per property jumped 81 percent in 2020, and we’re predicting the same for 2021.

With the good news also comes the reality of the situation. New home builders are still predicted to have struggles in keeping up with demand this year. While the market is hot, builders are having trouble staffing and producing homes at the rate of speed and quality that buyers are expecting. However, if the Biden administration is able to quickly and efficiently deliver the COVID-19 vaccine to the general population, this will allow for job creation that could alleviate some of these problems.

When looking at some statistics from November 2020, we saw the following:

▪ 76% of listed resale homes had a sale status change to pending or closed

▪ 24% increase in closed sales on home resales from a year prior

▪ 81% of resales were only on the market for a month or less

▪ 36% of resales had sale prices higher than final list prices, an increase from the usual 14-17% the past five years

As you can tell, undersupply will continue to be a theme in 2021, but there is hope.

Finally, we can expect to see prices increase in the Triangle market for the upcoming year. In November, the national average home price was $310,000, which is already 15% higher than a year prior, according to the National Association of Realtors.

Specifically in the Triangle, the November average overall home sale price was $369,000 and the average resale price was $359,000, which registers as the highest in the last four years for both categories.

If you’re looking for a home in the Raleigh-Durham area, consider Apex. According to Census data, it was the second-fastest growing large city last year, with a 10 percent jump in population in just 12 months.

Morrisville Real Estate Price Trends, Housing Market Forecast for next months and years

If you are looking for the best real estate investment opportunities in the State of North Carolina, Morrisville City can be a an acceptable option. To help you in your decision see the estimated home prices and values in Morrisville City below. Our property price forecasts can help home buyers and sellers make better property investment decisions for 2021, 2022, 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2031.
DateAverage priceMinimum priceMaximum price
Morrisville Housing Market Forecast with Real Estate Prices for 2021
August 2021 357907 349872 366758
September 2021 359024 350022 367774
October 2021 360157 351940 369202
November 2021 361333 352321 369298
December 2021 362584 354153 370903
Morrisville Housing Market Forecast with Real Estate Prices for 2022
January 2022 363919 355941 373002
February 2022 364917 356234 373924
March 2022 366006 358171 375133
April 2022 367133 358074 375694
May 2022 368292 358944 377202
June 2022 369421 360493 377566
July 2022 370678 362094 379938
August 2022 371904 363082 380359
September 2022 373123 364308 381677
October 2022 374280 365396 382938
November 2022 375337 366637 384504
December 2022 376357 367367 385207
Morrisville Housing Market Forecast with Real Estate Prices for 2023
January 2023 377303 369041 386507
February 2023 379340 370641 387984
March 2023 380260 371666 389222
April 2023 380982 371856 389565
May 2023 382102 373315 390710
June 2023 383248 374144 392285
July 2023 384539 375324 394175
August 2023 385906 377286 394805
September 2023 387223 378586 396099
October 2023 388400 380108 398036
November 2023 389334 380052 399042
December 2023 390123 380479 399247
Morrisville Housing Market Forecast with Real Estate Prices for 2024
January 2024 390695 381533 399967
February 2024 391949 382394 401695
March 2024 393326 384286 403159
April 2024 395252 385963 404492
May 2024 396509 385815 406741
June 2024 397615 388037 407461
July 2024 398815 389124 409053
August 2024 399761 390370 410136
September 2024 400773 390901 411658
October 2024 401876 391301 412857
November 2024 403165 392167 413345
December 2024 404647 394416 415487
Morrisville Housing Market Forecast with Real Estate Prices for 2025
January 2025 406387 395591 417385
February 2025 406350 396008 417435
March 2025 407592 397011 418250
April 2025 409119 397778 420300
May 2025 410325 399964 421457
June 2025 411440 400744 423331
July 2025 412667 402007 424229
August 2025 413752 402134 425814
September 2025 414869 403253 426144
October 2025 416002 404910 428633
November 2025 417178 405923 429149
December 2025 418429 406250 431052
Morrisville Housing Market Forecast with Real Estate Prices for 2026
January 2026 419764 407712 432348
February 2026 420762 408545 433625
March 2026 421852 409847 434293
April 2026 422978 410369 436581
May 2026 424138 410813 436412
June 2026 425266 412493 438684
July 2026 426523 413377 440136
August 2026 427749 414518 441687
September 2026 428968 415231 443587
October 2026 430125 416533 443881
November 2026 431183 418304 446128
December 2026 432203 418262 446788
Morrisville Housing Market Forecast with Real Estate Prices for 2027
January 2027 433148 418406 449176
February 2027 435185 420879 449852
March 2027 436105 421102 450780
April 2027 436827 420878 453218
May 2027 437947 422732 453740
June 2027 439093 424131 455195
July 2027 440385 424238 456075
August 2027 441751 426151 458348
September 2027 443068 426861 460204
October 2027 444245 428550 461058
November 2027 445179 428230 462014
December 2027 445968 428066 463363
Morrisville Housing Market Forecast with Real Estate Prices for 2028
January 2028 446541 428859 464852
February 2028 447794 431281 466136
March 2028 449171 432294 467991
April 2028 451097 433703 470018
May 2028 452354 435634 471649
June 2028 453460 435340 473483
July 2028 454660 436777 475299
August 2028 455606 435982 475373
September 2028 456618 437301 476572
October 2028 457721 437321 479062
November 2028 459010 438615 479345
December 2028 460493 440354 480039
Morrisville Housing Market Forecast with Real Estate Prices for 2029
January 2029 462233 441194 483941
February 2029 462195 442031 484100
March 2029 463437 442547 485535
April 2029 464965 444318 486942
May 2029 466170 444541 487713
June 2029 467285 445541 490467
July 2029 468512 446001 492023
August 2029 469597 448430 493767
September 2029 470715 448291 495467
October 2029 471847 448877 495371
November 2029 473023 449928 498265
December 2029 474274 451841 498429
Morrisville Housing Market Forecast with Real Estate Prices for 2030
January 2030 475609 451074 501380
February 2030 476607 453094 502913
March 2030 477697 453398 505163
April 2030 478823 454174 506274
May 2030 479983 453806 507552
June 2030 481111 454285 508081
July 2030 482369 456922 511188
August 2030 483594 457491 511355
September 2030 484813 457603 512170
October 2030 485970 458795 515075
November 2030 487028 460338 515714
December 2030 488048 460422 517682
Morrisville Housing Market Forecast with Real Estate Prices for 2031
January 2031 488993 460083 518093
February 2031 491030 463421 519456
March 2031 491951 464243 521968
April 2031 492673 463496 523998
May 2031 493792 465722 525869
June 2031 494939 464917 526467

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