Is Raleigh Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Raleigh Township has remained a Seller's Market.
Housing Prices in Raleigh Township, NC
How much do homes in Raleigh Township, NC cost?
Median Sold Price
$430,215
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Raleigh Township was $430,215 in April 2024, up 3.7% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $237.5K | $262.2K | +10.4% |
2 Bedrooms | $305K | $306K | 0.3% |
3 Bedrooms | $384.9K | $391.1K | +1.6% |
4 Bedrooms | $575.5K | $623K | +8.3% |
5+ Bedrooms | $807.4K | $876.6K | +8.6% |
Summary: Raleigh Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.4%, 2 bedroom homes increased by 0.3%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 8.6%.
Median Sold Price Compared To Nearby Cities
Swift Creek Township | $527.2K | $569.3K | +8.0% |
House Creek Township | $415.1K | $431.7K | +4.0% |
Raleigh Township | $414.7K | $430.2K | +3.7% |
Raleigh | $414.8K | $430.1K | +3.7% |
Meredith Township | $572.5K | $585K | +2.2% |
Housing Supply in Raleigh Township, NC
How many homes are available in Raleigh Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,994 | 2,071 | +3.9% |
Summary: The Raleigh Township real estate market had 2,071 homes for sale in April 2024, a 3.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 40 | 34 | -15.0% |
2 Bedrooms | 282 | 290 | +2.8% |
3 Bedrooms | 863 | 919 | +6.5% |
4 Bedrooms | 560 | 595 | +6.3% |
5+ Bedrooms | 249 | 233 | -6.4% |
Summary: The Raleigh Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 15%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 6.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
537 | 566 | +5.4% |
Asking Price vs. Sold Price
232 Homes Were Sold
Under Asking
139 Homes Were Sold
At Asking
195 Homes Were Sold
Over Asking
Summary: A total of 566 homes were sold or pending in Raleigh Township in April 2024, up by 5.4% month-over-month. Of the 566 sold homes, 41% were sold under asking, 25% were sold at asking, and 34% were sold over asking.
Days on Market for Raleigh Township, NC
How long does it take to sell a home in Raleigh Township, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
77 Days | 28 Days | -63.1% |
Summary: Homes in Raleigh Township had an average of 28 days on market in Apr 2024, down by 63.1% compared to last year.
Breakdown of Home Sale Times
428 Homes Were Sold
Under 30 Days
91 Homes Were Sold
In 30 - 90 Days
47 Homes Were Sold
Over 90 Days
Summary: During April 2024, 566 homes were sold in Raleigh Township; 76% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.