Commonwealth, NC Housing Market

$623,412

1.2% 1-yr

The average Commonwealth, NC home value is $623,412, down 1.2% over the past year.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Commonwealth Key Takeaways

Typical Home Values: $623,412

1-year Value Change: -1.2%

(Data through August 31, 2025)

Commonwealth Housing Market Overview

--1-year Market Forecast

7For sale inventory(August 31, 2025)

--New listings(August 31, 2025)

--Median sale to list ratio

--Median sale price

--Median list price(August 31, 2025)

--Percent of sales over list price

--Percent of sales under list price

--Median days to pending

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Nearby Neighborhoods

NameMedian ZHVI
Chantilly$701,820
Plaza Midwood$797,661
Coliseum Drive$301,068
Briarcreek-Woodland$419,001
Elizabeth$613,783
Belmont$521,736
Country Club Heights$458,630
Villa Heights$622,126
Grier Heights$295,305

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Commonwealth Rental Market Trends

--Average rent in Commonwealth

$2,007National average rent(August 31, 2025)

--Month-over-month change

--Year-over-year change

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.