Is Raleigh, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2021
Since last year, Raleigh has remained a Seller's Market.
How much do homes in Raleigh, NC cost?
Median Sold Price
$400,562
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2021
Median Sold Price By Bedroom Count
# BEDS | Dec 2021 | Dec 2022 | % |
---|---|---|---|
1 Bedroom | $261K | $300K | +14.9% |
2 Bedrooms | $247.4K | $310K | +25.3% |
3 Bedrooms | $325.5K | $380.8K | +17.0% |
4 Bedrooms | $442.6K | $575.2K | +29.9% |
5+ Bedrooms | $785K | $875K | +11.5% |
Median Sold Price Compared To Nearby Cities
Meredith Township | $410K | $574.9K | +40.2% |
Neuse Township | $322.5K | $400.3K | +24.1% |
Raleigh | $340.5K | $400.5K | +17.6% |
Raleigh Township | $454K | $527.2K | +16.1% |
House Creek Township | $360.3K | $404.8K | +12.4% |
How many homes are available in Raleigh, NC?
Number of Homes For Sale
Nov 2022 | Dec 2022 | % |
---|---|---|
1,487 | 1,278 | -14.1% |
Homes For Sale By Bedroom Count
# BEDS | Nov 2022 | Dec 2022 | % |
---|---|---|---|
1 Bedroom | 44 | 41 | -6.8% |
2 Bedrooms | 220 | 201 | -8.6% |
3 Bedrooms | 689 | 569 | -17.4% |
4 Bedrooms | 396 | 341 | -13.9% |
5+ Bedrooms | 138 | 126 | -8.7% |
Number of Homes Sold
Nov 2022 | Dec 2022 | % |
---|---|---|
369 | 365 | -1.1% |
Asking Price vs. Sold Price
211 Homes Were Sold
Under Asking
80 Homes Were Sold
At Asking
64 Homes Were Sold
Over Asking
Average Sale Time
Dec 2021 | Dec 2022 | % |
---|---|---|
9 Days | 27 Days | +186.9% |
Breakdown of Home Sale Times
246 Homes Were Sold
Under 30 Days
94 Homes Were Sold
In 30 - 90 Days
25 Homes Were Sold
Over 90 Days