Is Southeast Raleigh, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Southeast Raleigh has remained a Seller's Market.
Key Takeaway
Southeast Raleigh is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southeast Raleigh, NC
How much do homes in Southeast Raleigh, NC cost?
Median Sold Price
$329,703
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Southeast Raleigh has remained the same since last year.
Summary: The median home sold price in Southeast Raleigh was $329,703 in April 2024, down 0.3% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $286.2K | $244K | -14.8% |
| 3 Bedrooms | $329.8K | $322K | -2.4% |
| 4 Bedrooms | $379K | $353K | -6.9% |
| 5+ Bedrooms | $370K | $375K | +1.4% |
Summary: Southeast Raleigh housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.8%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes increased by 1.4%.
Housing Supply in Southeast Raleigh, NC
How many homes are available in Southeast Raleigh, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 79 | 88 | +11.4% |
Summary: The Southeast Raleigh real estate market had 88 homes for sale in April 2024, a 11.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 9 | -18.2% |
| 3 Bedrooms | 56 | 63 | +12.5% |
| 4 Bedrooms | 10 | 15 | +50.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Southeast Raleigh housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 21 | +10.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southeast Raleigh, you may be able to get a good deal. 47.6% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Southeast Raleigh in April 2024, up by 10.5% month-over-month. Of the 21 sold homes, 48% were sold under asking, 29% were sold at asking, and 24% were sold over asking.
Days on Market for Southeast Raleigh, NC
How long does it take to sell a home in Southeast Raleigh, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 61 Days | 19 Days | -69.1% |
Summary: Homes in Southeast Raleigh had an average of 19 days on market in Apr 2024, down by 69.1% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southeast Raleigh are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 21 homes were sold in Southeast Raleigh; 76% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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