Is Raleigh, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2022
Since last year, Raleigh has remained a Seller's Market.
How much do homes in Raleigh, NC cost?
Median Sold Price
$406,039
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2022
Median Sold Price By Bedroom Count
# BEDS | May 2022 | May 2023 | % |
---|---|---|---|
1 Bedroom | $311.2K | $289.9K | -6.9% |
2 Bedrooms | $290K | $306.2K | +5.6% |
3 Bedrooms | $360.3K | $380K | +5.5% |
4 Bedrooms | $515.5K | $599.5K | +16.3% |
5+ Bedrooms | $900K | $848.7K | -5.7% |
Median Sold Price Compared To Nearby Cities
Meredith Township | $453.7K | $605K | +33.3% |
Neuse Township | $356.7K | $388.8K | +9.0% |
Raleigh | $383.2K | $406K | +6.0% |
House Creek Township | $399.9K | $411K | +2.8% |
Raleigh Township | $471.7K | $432.3K | -8.4% |
How many homes are available in Raleigh, NC?
Number of Homes For Sale
Apr 2023 | May 2023 | % |
---|---|---|
1,990 | 1,916 | -3.7% |
Homes For Sale By Bedroom Count
# BEDS | Apr 2023 | May 2023 | % |
---|---|---|---|
1 Bedroom | 42 | 50 | +19.0% |
2 Bedrooms | 302 | 284 | -6.0% |
3 Bedrooms | 841 | 804 | -4.4% |
4 Bedrooms | 605 | 592 | -2.1% |
5+ Bedrooms | 200 | 186 | -7.0% |
Number of Homes Sold
Apr 2023 | May 2023 | % |
---|---|---|
604 | 654 | +8.3% |
Asking Price vs. Sold Price
215 Homes Were Sold
Under Asking
136 Homes Were Sold
At Asking
263 Homes Were Sold
Over Asking
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 2022 | May 2023 | % |
---|---|---|
6 Days | 16 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