Is Raleigh, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Raleigh was a Neutral Market.
Key Takeaway
Raleigh is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Raleigh, TN
How much do homes in Raleigh, TN cost?
Median Sold Price
$140,000
-
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Raleigh have sold for 8.2% less than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $18.9K | N/A |
| 3 Bedrooms | $154.9K | $121K | -21.9% |
| 4 Bedrooms | $138K | $192.5K | +39.5% |
| 5+ Bedrooms | $198.7K | - | N/A |
Summary: Raleigh housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 21.9%, 4 bedroom homes increased by 39.5%, and 5+ bedroom homes did not change.
Housing Supply in Raleigh, TN
How many homes are available in Raleigh, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 142 | 166 | +16.9% |
Summary: The Raleigh real estate market had 166 homes for sale in April 2024, a 16.9% 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 104 | 122 | +17.3% |
| 4 Bedrooms | 32 | 39 | +21.9% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 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 remained the same, 3 bedroom homes increased by 17.3%, 4 bedroom homes increased by 21.9%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 33 | +50.0% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Raleigh, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in Raleigh in April 2024, up by 50.0% month-over-month. Of the 33 sold homes, 64% were sold under asking, 27% were sold at asking, and 9% were sold over asking.
Days on Market for Raleigh, TN
We’re sorry, we don't have information for this market at the moment
