Raleigh, NC Home Values & Market Trends
Real estate market trends reflect that there have been 6,876 transactions over the past year in Raleigh. The median value for residential home transactions that occurred over the previous year is $408,794.88. The number of current listings in Raleigh is 986, and the percentage of properties for sale in the city is 986.00%. Raleigh, NC currently has 115 properties in foreclosure, 3 bank owned properties, 22 properties headed for auction, and 986 properties for sale.
Raleigh, NC Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 27610 | $ 325,458 $ 214/sqft | 27612 | $ 444,950 $ 231/sqft |
| 27603 | $ 395,000 $ 212/sqft | 27606 | $ 479,489 $ 225/sqft |
| 27615 | $ 519,979 $ 231/sqft | 27617 | $ 407,906 $ 215/sqft |
| 27609 | $ 590,000 $ 255/sqft | 27607 | $ 707,877 $ 329/sqft |
| 27613 | $ 509,874 $ 240/sqft | 27601 | $ 491,000 $ 413/sqft |
| 27616 | $ 372,413 $ 200/sqft | 27608 | $ 737,450 $ 405/sqft |
| 27614 | $ 656,374 $ 221/sqft | 27605 | $ 399,058 $ 401/sqft |
| 27604 | $ 356,101 $ 223/sqft |
Housing Market Summary for Raleigh, NC
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $459.3K | $393.9K | -14.24% |
| Median Sold Price | $403.3K | $393.9K | -2.33% |
| Homes For Sale | 695 | 789 | 13.53% |
| Homes Sold | 3,534 | 2,813 | -20.40% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Raleigh, NC
Browse Homes in Raleigh, NC
Raleigh home values range from $21,516 to $69,377,071. The median estimated value of a home in Raleigh is $408,794.88. The median list price of a home is 455,000, and the total count of properties in the city is 162,371.
- Pre-ForeclosurePre-foreclosure homes account for 0.06% of all residential properties in Raleigh, NC with 27610 containing 34 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 15 zips within Raleigh, NC; of those zips, the estimated home value for pre-foreclosure homes ranges from $573,993 in 27607 to the lowest home value of $147,222 in 27610.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Raleigh, NC ranges from the highest value of $869,476 in 27612 to the lowest value of $265,200 in 27613. Bank owned homes and properties account for 0.00% of properties in Raleigh, NC. There are 15 zips within Raleigh, NC; 27612 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions27610 has 5 auction properties, the highest number of properties going to auction in a single zip in the state of Raleigh, NC. Auction homes and other auction properties account for 0.01% of all properties in Raleigh, NC. There are 15 zips within Raleigh, NC; of those zips, the median estimated home value for homes going to auction ranges from $324,659 in 27609 to the lowest value of $144,443 in 27609.
Compare Nearby Cities
More Real Estate Resources for Raleigh, NC
Guide for Raleigh, NC
North Carolina Foreclosure Laws
Raleigh’s real estate market in 2023 displays robust growth with increased average property values and sold prices. However, contrasting trends in neighboring cities such as Zebulon, Youngsville, Wilson, and Yanceyville underline the need for thorough market understanding for real estate investments.
In Greensboro, NC, real estate trends indicate a decreasing average property value and sale price as of February 2024 while maintaining consistent market activity. Property values in the city indicate an affordable entry point for homebuying in comparison to neighboring areas.
The Durham, NC real estate market is showing dynamic trends, with fluctuations in property value and sold prices across the year and in neighboring cities. Local demand, economic factors, and community growth have created a complex market with growth potential, minimal distressed sales, and distinct opportunities for various buyer segments.
