Raleigh, NC Home Values & Market Trends

Real estate market trends reflect that there have been 7,125 transactions over the past year in Raleigh. The median value for residential home transactions that occurred over the previous year is $421,682.63. The number of current listings in Raleigh is 899, and the percentage of properties for sale in the city is 899.00%. Raleigh, NC currently has 75 properties in foreclosure, 3 bank owned properties, 16 properties headed for auction, and 899 properties for sale.

Raleigh, NC Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
27610

$ 324,737

$ 211/sqft

27612

$ 470,000

$ 219/sqft

27603

$ 400,000

$ 220/sqft

27613

$ 542,500

$ 241/sqft

27616

$ 387,000

$ 197/sqft

27617

$ 414,247

$ 218/sqft

27609

$ 544,915

$ 246/sqft

27607

$ 700,348

$ 301/sqft

27615

$ 495,838

$ 228/sqft

27601

$ 597,212

$ 413/sqft

27614

$ 599,500

$ 207/sqft

27608

$ 1,000,000

$ 393/sqft

27604

$ 349,489

$ 206/sqft

27605

$ 363,210

$ 415/sqft

27606

$ 382,715

$ 237/sqft

Housing Market Summary for Raleigh, NC

Mar 2023February 2024Change
Median Listing Price$449.9K$408.7K-9.16%
Median Sold Price$407.8K$408.7K0.22%
Homes For Sale63789941.13%
Homes Sold3,7943,542-6.64%
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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%.

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Browse Homes in Raleigh, NC

Raleigh home values range from $23,664 to $69,207,471. The median estimated value of a home in Raleigh is $421,682.63. The median list price of a home is 429,990, and the total count of properties in the city is 162,360.

Foreclosure
There are 15 zips within Raleigh, NC; within these zips, the median estimated home value for homes in foreclosure ranges from $619,146 in 27610 to the lowest value of $157,186 in 27610. Foreclosure homes account for 0.00% of properties in Raleigh, NC with 27610 containing 27 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.03% of all residential properties in Raleigh, NC with 27610 containing 20 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 $410,696 in 27601 to the lowest home value of $157,186 in 27610.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Raleigh, NC ranges from the highest value of $751,840 in 27612 to the lowest value of $317,551 in 27610. Bank owned homes and properties account for 0.00% of properties in Raleigh, NC. There are 15 zips within Raleigh, NC; 27613 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    27610 has 6 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 $500,582 in 27613 to the lowest value of $227,976 in 27613.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.55% of residential properties in Raleigh, NC with 27610 containing 112 homes for sale, the highest number of listed properties in a single zip. There are 15 zips within Raleigh, NC; homes for sale in those zips, have a range of median values from $2,775,000 in 27608 to the lowest value of $98,301 in 27607.
    Sold Homes
    The median value for recently sold homes ranges from $2,986,346 in 27608 to the lowest price of $34,187 in 27608. There are 15 zips within Raleigh, NC. 27610 has 463 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.18% of properties in Raleigh, NC.

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      Guide for Raleigh, NC

      Foreclosure
      North Carolina Foreclosure Laws
      Buy to Rent
      Raleigh Real Estate Grows in 2023: Overview and Comparison to Neighboring Markets
      Buy to Rent
      Real Estate Trends in the Durham, NC – Feb 2024
      Buy to Rent
      Charlotte’s Real Estate Market Sees Incremental Rise Amidst Fluctuations in 2023
      See More Articles
      North Carolina Foreclosure Laws
      Foreclosure|posted 6 June 2019

      North Carolina Foreclosure Laws

      Raleigh Real Estate Grows in 2023: Overview and Comparison to Neighboring Markets
      Buy to Rent|posted 6 February 2024

      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.

      Real Estate Trends in the Durham, NC – Feb 2024
      Buy to Rent|posted 29 February 2024

      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.

      Charlotte’s Real Estate Market Sees Incremental Rise Amidst Fluctuations in 2023
      Buy to Rent|posted 12 February 2024

      This blog post explores the varying property values and real estate trends in Charlotte, North Carolina and its surrounding areas within a span of a year. The analysis provides insights into median property values, square foot prices, sold properties, foreclosures, market health, and local submarkets.