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

Housing Market Conditions



Gauge showing Raleigh is a seller's market


Difference Since May 2022

Since last year, Raleigh has remained a Seller's Market.

Key Takeaway

Raleigh is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Raleigh, NC cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2022


Key Takeaway

Homes in Raleigh have sold for 6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 $311.2K$289.9K
2 $290K$306.2K
3 $360.3K$380K
4 $515.5K$599.5K
5+ $900K$848.7K

Median Sold Price Compared To Nearby Cities

Meredith Township
Neuse Township
House Creek Township
Raleigh Township

How many homes are available in Raleigh, NC?

Number of Homes For Sale

Apr 2023May 2023%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 4250
2 302284
3 841804
4 605592
5+ 200186

Number of Homes Sold

Apr 2023May 2023%

Asking Price vs. Sold Price

215 Homes Were Sold
Under Asking

136 Homes Were Sold
At Asking

263 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Raleigh, you could pay more than the asking price. 42.8% of homes here sold above asking price last month.

How long does it take to sell a home in Raleigh, NC?

How long does it take to sell a home in Raleigh, NC?

Average Sale Time

May 2022May 2023%
6 Days16 Days+149.9%

Breakdown of Home Sale Times

564 Homes Were Sold
Under 30 Days

59 Homes Were Sold
In 30 - 90 Days

31 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Raleigh 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.

What housing markets are near Raleigh, NC?

About Raleigh, NC

Number of homes for sale in Raleigh, NC real estate market have reached 1,916. Between April 2023 and May 2023, Raleigh, NC real estate market has seen decrease in the number of listings by 3.7%. In May 2023, listings were on the market for 16 days. During the same period, the median list price in this real estate market was $406,039. Listing prices have changed in this real estate market between April 2023 and May 2023: 1 bedroom properties prices decreased by 6.9%, 2 bedrooms properties prices increased by 5.6%, prices of 3 bedrooms properties increased by 5.5%, prices of 4 bedrooms properties went up by 16.3%, the cost of 5 bedrooms properties went down by 5.7%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory increased by 19%, the quantity of 2 bedrooms homes went down by 6%, number of 3 bedrooms homes decreased by 4.4%, 4 bedrooms homes became 2.1% less available, volume of 5 bedrooms homes went down by 7%. Raleigh, NC housing market in May 2023 saw over 263 listings sold above listed price, more than 136 sold at listed price and over 215 sold below.