The Research Triangle Park housing market is very competitive. The median sale price of a home in Research Triangle Park was $386K last month, up 4.7% since last year. The median sale price per square foot in Research Triangle Park is $235, up 7.8% since last year.
What is the housing market like in Research Triangle Park today?
In March 2024, Research Triangle Park home prices were up 4.7% compared to last year, selling for a median price of $386K. On average, homes in Research Triangle Park sell after 21 days on the market compared to 25 days last year. There were 12 homes sold in March this year, down from 51 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$385,500
+4.7% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Research Triangle Park, NC
$385,500
+4.7%
United States
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How hot is the Research Triangle Park housing market?
Research Triangle Park is very competitive. Homes sell in 11.5 days.
0
100
82
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for around list price and go pending in around 12 days.
Hot homes
can sell for about 1% above list price and go pending in around 5 days.
Learn about schools in the Research Triangle Park area
Elementary
Middle
High
GreatSchools Rating
7/10
Alston Ridge Elementary School
Public • PreK-5
1064
Students
65 reviews
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Research Triangle Park housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Research Triangle Park.
Risk Factor
Flood Factor - Moderate
8% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Research Triangle Park has a moderate risk of flooding. 194 properties in Research Triangle Park are likely to be
severely affected
by flooding over the next 30 years. This represents 8% of all properties in Research Triangle Park. Flood risk is increasing slower than the national average.
85% of properties are at risk of wildfire over the next 30 years
Fire Factor
Research Triangle Park has a moderate risk of wildfire. There are 2,751 properties in Research Triangle Park that have some risk of being affected by wildfire over the next 30 years. This represents 85% of all properties in Research Triangle Park.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Research Triangle Park has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Research Triangle Park is most at risk from hurricanes. 3,207 properties in Research Triangle Park have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 79 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 93 mph.
96% of properties are at major
risk of heat over the next 30 years
Heat Factor
Research Triangle Park has a major risk from heat. This is due to
"feels like" temperatures
increasing, and because 96% of homes in Research Triangle Park have a Major Heat Factor®.
Research Triangle Park is expected to see a 128% increase in the number of days over 105ºF over the next 30 years. Research Triangle Park is expected to experience 7