The stats are in – it’s far easier buying a home in Clayton than buying a home in Raleigh!
This is sure to ruffle some feathers! That said, read on…
With the introduction of NBC’s brand new home buyer index, Johnston County home buyer’s now have access to another data set to consider when deciding whether to buy a home in Johnston County versus Wake County.
This tool, mentioned in this article, clearly validates just how much more home you can buy along with face less buying challenges in Clayton and Johnston County versus homes in Raleigh and Wake County.
The NBC Home Buyer Index data set below is pulled from July 2024. This new home buyer index tool, which updates monthly, debuted earlier this year.
The study rates the difficulty of buying a home on a scale from 0 to 100, with higher numbers indicating greater challenges. This score is determined by four key factors listed below:
- Affordability
- Buyer competition
- Availability of homes
- Economic uncertainties such as market fluctuations, job loss, and interest rate changes
- The buyer Overall Difficulty index is nearly 15 points better in Johnston County than Wake County
- The buyer Cost index is nearly 16 points lower in Johnston County versus Wake County
- The buyer Competition index for Johnston County real estate is 16 points lower than Wake County
- The Scarcity index of homes for sale is nearly even in both counties
- The Economic Instability index is also nearly even in both counties
The above numbers clearly make buying a home in Johnston County less challenging than buying a home in Wake County.
Need more compelling evidence for home buyers to go JoCo?
It’s important for home buyers to consider all the facts when comparing Johnston County real estate market stats versus Wake County. As the above Market Monday statistics outline, an average price home ($661,000) in Wake County is $281,000 more than the average price home in Johnston County ($380,000) .
Let’s compare Wake County new homes to Johnston County new homes
Johnston County new construction home buyers, what could you do with an additional $396,000 in your pocket? When comparing the average new home construction price in Wake County, you’ll pay a whooping $778,000 versus the average priced new home construction in Johnston County at $382,000! 🤯
Feeling warm and fuzzy about home prices in Johnston County?
We understand why you have that “lovin feeling” 😍 for home prices in Johnston County compared to those in Wake County! Need another reason to choose JoCo?
3 for FREE!
Qualifying “3 For Free” Savings Event homes offer you the first three mortgage payments on us! Simply use the RiverWILD Real Estate Team’s preferred lender (Fairway Mortgage). Now that will make our Johnston County homes even more affordable!
Why not take your first step toward buying a more affordable home in Johnston County by viewing our homes in Johnston County here and chat with a member of our RiverWILD Real Estate Team today!