Johnny Chappell Featured in TBJ for Insight on Raleigh’s Hottest Housing Market
Triangle Business Journal (TBJ) recently reported Raleigh’s 27605 ZIP code the hottest housing market in the Triangle—and the state—following a significant rise in single-family home sales during the second quarter of 2025. Chappell [Powered by Compass] Founder and Broker Johnny Chappell was interviewed for the piece, offering expert insight rooted in more than two decades of experience buying, building, and selling in Raleigh’s coveted Inside the Beltline (ITB) neighborhoods.
With a deep understanding of the market’s pricing, buyer profiles, and inventory mix, Chappell spoke to the unique balance that sets 27605 apart.
“27605 inside the Beltline has seen a little bit more activity than other parts of our market because there’s a wide range of home types and price points in that market. Half the homes that were sold in the second quarter are under $400,000 and about half of them are over a million dollars. And that shows you how the range varies,” Chappell said.
27605 encompasses the historic and walkable neighborhoods of Cameron Village, Forest Park, and Glenwood-Brooklyn. The area continues to attract downsizing locals, lock-and-leave lifestyle seekers, and out-of-state cash buyers drawn to its charm, centrality, and connectivity. The average sales price in Q2 reached $966,529—up 28 percent from the prior quarter—underscoring the area’s consistent appeal and upward trajectory.
“27605 inside the Beltline has seen a little bit more activity than other parts of our market because there’s a wide range of home types and price points in that market.”
– Johnny Chappell, Owner/Founder of Chappell
“The average sales price in the quarter across all units sold in that area was $400 a square foot,” said Johnny Chappell in the TBJ. “And so that speaks to the value that is perceived in that location inside the Beltline. People are paying $400 per square foot on average for real estate, which in our market is on the high side, and so you’re still getting good value inside the Beltline.”
Chappell has played a leading role in bringing numerous boutique communities to life in and around 27605, including LYON, a pair of luxe duet-style builds; The Stephenson, a modern condo offering just steps from the Village District; Nottingham, a collection of seven stunning single-family homes near Banbury Park; and Clark Townhomes, a sold-out series of eleven rooftop-ready, design-forward townhomes that helped set the tone for modern Village District luxury.
Currently, Chappell and his development partners are delivering several standout residential offerings in ITB. These include Oberlin Heights, a collection of 11 elevated, modern townhomes just outside the Village District, with two homes already sold; 615 Peace, a sleek 24-condo community in the heart of Glenwood South, now over 40% sold; and Duplin, a luxury two-home enclave with one home already under contract. On the horizon, the team is preparing to launch Oberlin Villas, a courtyard-centric collection of four boutique residences designed to bring thoughtful luxury to a prized stretch of Oberlin Road.
“I’m grateful for the opportunity to share insight with the Triangle Business Journal and shed light on the dynamics of a market we know so well,” said Chappell. “Our team is committed to delivering high-quality housing options that reflect the lifestyle, location, and long-term value today’s buyers are looking for. If you’re interested in exploring this market further or want to connect about development and investment opportunities, we’d love to be a resource.”
To read the full Johnny Chappell in the TBJ feature, visit www.bizjournals.com/triangle (subscriber access required). To get the insights behind the paywall, talk to our pros directly!
About Chappell [Powered by Compass]
Chappell [Powered by Compass] is a team of doers and creators pushing the bounds of expected real estate to deliver an exceptional experience. As one of the best residential real estate firms in the greater Raleigh, Durham, & Triangle areas, we are a team of knowledgeable experts who bring years of insight and expertise to every interaction. We’re proudly powered by Compass, the best boutique brokerage in the country. Tech-driven with tools and resources to ignite any listing or project, we invite you to experience real estate differently – whether it’s buying, building, or selling.
