Is Raleigh Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Raleigh Township has remained a Seller's Market.
Key Takeaway
Raleigh Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Raleigh Township, NC
How much do homes in Raleigh Township, NC cost?
Median Sold Price
$425,167
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Raleigh Township have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Raleigh Township was $425,167 in March 2024, up 2.3% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $247K | $268.4K | +8.7% |
| 2 Bedrooms | $307K | $305K | -0.7% |
| 3 Bedrooms | $385K | $387.1K | 0.5% |
| 4 Bedrooms | $583.5K | $614.8K | +5.3% |
| 5+ Bedrooms | $803.6K | $853.6K | +6.2% |
Summary: Raleigh Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.7%, 2 bedroom homes decreased by 0.7%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 6.2%.
Median Sold Price Compared To Nearby Cities
| Meredith Township | $567.5K | $604.5K | +6.5% |
| Swift Creek Township | $524.7K | $555.5K | +5.9% |
| House Creek Township | $418.2K | $434K | +3.8% |
| Raleigh Township | $415.5K | $425.1K | +2.3% |
| Raleigh | $415.5K | $425K | +2.3% |
Housing Supply in Raleigh Township, NC
How many homes are available in Raleigh Township, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,889 | 1,971 | +4.3% |
Summary: The Raleigh Township real estate market had 1,971 homes for sale in March 2024, a 4.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 38 | 40 | +5.3% |
| 2 Bedrooms | 277 | 286 | +3.2% |
| 3 Bedrooms | 799 | 840 | +5.1% |
| 4 Bedrooms | 528 | 555 | +5.1% |
| 5+ Bedrooms | 247 | 250 | +1.2% |
Summary: The Raleigh Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 1.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 405 | 505 | +24.7% |
Asking Price vs. Sold Price
228 Homes Were Sold
Under Asking
129 Homes Were Sold
At Asking
148 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Raleigh Township, you may be able to get a good deal. 45.1% of homes here sold below asking price last month.
Summary: A total of 505 homes were sold or pending in Raleigh Township in March 2024, up by 24.7% month-over-month. Of the 505 sold homes, 45% were sold under asking, 26% were sold at asking, and 29% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 88 Days | 79 Days | -10.2% |
Summary: Homes in Raleigh Township had an average of 79 days on market in Mar 2024, down by 10.2% compared to last year.
Breakdown of Home Sale Times
68 Homes Were Sold
Under 30 Days
304 Homes Were Sold
In 30 - 90 Days
133 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Raleigh Township has remained consistent over time.
Summary: During March 2024, 505 homes were sold in Raleigh Township; 13% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
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