The typical home value in
Umstead
is projected to be
$407,250
for the month of
October.
September’s
finalized data reported the typical value of a home in the
neighborhood
to be
$423,500—down
18.17%
over the previous 12 months.
For comparison,
city-level
data pegged home values at
$420,000
in
Raleigh
for the most recent reporting period.
That number is expected to float around
$405,000
in
October.
Umstead
had
121
new listings and
97
listings that went under contract in
September,
increasing
the area’s total available inventory to
99—up
1.02%
from the previous month. Inventory is projected to have further
increased
in
October.
The median listing price for homes in
Umstead
fell
1.1%
from
August
to
September,
bringing the current median listing price to
$449,990.
Based on projected data for
October,
listing prices may continue to
fall.
The number of days that homes have been on the market prior to going under contract
fell
year-over-year. In
September 2025,
the median time for a listed property to go pending was
39
days, compared to
55
days in
September 2024.
In recent months the median number of days from listed to pending appears to be decreasing.
That trend is predicted to have carried through to this
October.
