Is Raleigh Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Raleigh Township is a seller's market

Buyer's
Market

Difference Since December 2021

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.

How much do homes in Raleigh Township, NC cost?

Median Sold Price

$527,222

$334/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$73,222(+16.1%)

Key Takeaway

Homes in Raleigh Township have sold for 16.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $290K$335.5K
+15.7%
2 $338.2K$385K
+13.8%
3 $459.9K$504.6K
+9.7%
4 $680.4K$775K
+13.9%
5+ $1.2M$1.5M
+26.0%

Median Sold Price Compared To Nearby Cities

Meredith Township
+40.2%
Raleigh
+17.6%
Raleigh Township
+16.1%
House Creek Township
+12.4%
Swift Creek Township
+8.3%

How many homes are available in Raleigh Township, NC?

Number of Homes For Sale

Nov 2022Dec 2022%
468400-14.5%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 3635
-2.8%
2 7871
-9.0%
3 170130
-23.5%
4 114103
-9.6%
5+ 7061
-12.9%

Number of Homes Sold

Nov 2022Dec 2022%
10089-11.0%

Asking Price vs. Sold Price

47 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Raleigh Township, you may be able to get a good deal. 53.4% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
20 Days18 Days-8.7%

Breakdown of Home Sale Times

69 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Raleigh Township are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Raleigh Township, NC

Homes for sale in Raleigh Township, NC have reached 400. Between November 2022 and December 2022, Raleigh Township, NC real estate market has seen decrease in the number of listings by 14.5%. In December 2022, listings were on the market for 18 days. During the same period, the median list price in this real estate market was $527,222. This housing market listing prices have changed between November 2022 and December 2022: 1 bedroom properties prices increased by 15.7%, 2 bedrooms properties prices increased by 13.8%, prices of 3 bedrooms properties went up by 9.7%, prices of 4 bedrooms properties increased by 13.9%, prices of 5 bedrooms properties went up by 26%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes became 2.8% less available, number of 2 bedrooms homes decreased by 9%, number of 3 bedrooms homes decreased by 23.5%, 4 bedrooms homes became 9.6% less available, 5 bedrooms homes became 12.9% less available. While more than 19 listings in Raleigh Township, NC in December 2022 were sold above asking price, there were more than 22 listings sold at asking price, and more than 47 were sold below.

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