Inventory in Sunset Hills has been tightening over the past year, with 17 active listings in the latest rolling three-month period, down from 20 a year ago. Homes sold picked up, with 7 closings in the recent window and a year-over-year gain of more than 40 percent. New listings held roughly steady compared with last year, which means more of what comes to market is getting absorbed.
Pricing has been adjusting from earlier peaks, with the typical home value over the last three months down more than a third from a year ago to around $987,000. List prices have followed a similar direction, falling nearly 20 percent year over year, and homes are now selling at about 99 percent of asking on average, suggesting buyers have a bit more room to negotiate than in the past. Even with those shifts, Sunset Hills remains far more expensive than Raleigh overall, where the median sale price is closer to $425,000.
Days on market have lengthened significantly from last year, reaching a median of 89 days in the latest period, though that is faster than earlier this spring. Months of supply has moved to about 5.4, higher than Raleigh’s 3.3 months, yet the area is still categorized as a seller’s market. With no recent sales closing above list price and more time for decisions, buyers may find improved opportunities, while sellers still benefit from limited high-end inventory, and Agent Pronto can help both sides connect with a skilled local agent to navigate these conditions.
