$4,156 Closing Credit*
$350,000
1,732 SqFt
3 Beds
•2 Full Baths, 1 Partial
Glen Clemmons, Steven Squires, Listing Office: Keller Williams Realty
Is Northeast Raleigh, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Northeast Raleigh has remained a Seller's Market.
Key Takeaway
Northeast Raleigh is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northeast Raleigh, NC
How much do homes in Northeast Raleigh, NC cost?
Median Sold Price
$355,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$10,000(-2.7%)
Key Takeaway
Homes in Northeast Raleigh have sold for 2.7% less than they did a year ago.
Summary: The median home sold price in Northeast Raleigh was $355,000 in September 2024, down 2.7% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170.7K | $192.9K | +13.0% |
| 2 Bedrooms | $250K | $267.2K | +6.9% |
| 3 Bedrooms | $348K | $350K | +0.6% |
| 4 Bedrooms | $411K | $421.7K | +2.6% |
| 5+ Bedrooms | $458.2K | $457.2K | -0.2% |
Summary: Northeast Raleigh housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 0.2%.
Housing Supply in Northeast Raleigh, NC
How many homes are available in Northeast Raleigh, NC?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 179 | 171 | -4.5% |
Summary: The Northeast Raleigh real estate market had 171 homes for sale in September 2024, a 4.5% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 35 | 33 | -5.7% |
| 3 Bedrooms | 104 | 99 | -4.8% |
| 4 Bedrooms | 27 | 27 | 0.0% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Northeast Raleigh housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.7%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 39 | 49 | +25.6% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northeast Raleigh, you may be able to get a good deal. 46.9% of homes here sold below asking price last month.
Summary: A total of 49 homes were sold or pending in Northeast Raleigh in September 2024, up by 25.6% month-over-month. Of the 49 sold homes, 47% were sold under asking, 35% were sold at asking, and 18% were sold over asking.
Days on Market for Northeast Raleigh, NC
How long does it take to sell a home in Northeast Raleigh, NC?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 66 Days | 29 Days | -55.2% |
Summary: Homes in Northeast Raleigh had an average of 29 days on market in Sep 2024, down by 55.2% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northeast Raleigh are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 49 homes were sold in Northeast Raleigh; 63% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Copyright © 2024 Doorify MLS of North Carolina. All rights reserved. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. 
Copyright 2024 North Carolina Regional MLS LLC. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC (NCRMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.
Listings courtesy of Canopy MLS as distributed by MLS GRID.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.