Is Raleigh Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Raleigh Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Raleigh Township has remained a Seller's Market.

Key Takeaway

Raleigh Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Raleigh Township, NC

How much do homes in Raleigh Township, NC cost?

Median Sold Price

$432,335

$231/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$18,071(+4.4%)

Key Takeaway

Homes in Raleigh Township have sold for 4.4% more than they did a year ago.

Summary: The median home sold price in Raleigh Township was $432,335 in May 2024, up 4.4% from last year, and the median price per square foot was $231.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $246K$256K
+4.1%
2 $300.5K$306.5K
+2.0%
3 $381.8K$394.6K
+3.3%
4 $591K$619.5K
+4.8%
5+ $800.1K$909K
+13.6%

Summary: Raleigh Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 13.6%.

Median Sold Price Compared To Nearby Cities

Raleigh
+4.5%
Raleigh Township
+4.4%
Swift Creek Township
+4.3%
House Creek Township
+2.7%
Meredith Township
-0.8%

Housing Supply in Raleigh Township, NC

How many homes are available in Raleigh Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2,2172,293+3.4%

Summary: The Raleigh Township real estate market had 2,293 homes for sale in May 2024, a 3.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 3533
-5.7%
2 294314
+6.8%
3 1,0111,053
+4.2%
4 625624
-0.2%
5+ 252269
+6.7%

Summary: The Raleigh Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5.7%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes increased by 6.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
602576-4.3%

Asking Price vs. Sold Price

244 Homes Were Sold
Under Asking

159 Homes Were Sold
At Asking

173 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Raleigh Township, you may be able to get a good deal. 42.4% of homes here sold below asking price last month.

Summary: A total of 576 homes were sold or pending in Raleigh Township in May 2024, down by 4.3% month-over-month. Of the 576 sold homes, 42% were sold under asking, 28% were sold at asking, and 30% were sold over asking.

Days on Market for Raleigh Township, NC

How long does it take to sell a home in Raleigh Township, NC?

Average Sale Time

May 2023May 2024CHANGE
74 Days20 Days-73.2%

Summary: Homes in Raleigh Township had an average of 20 days on market in May 2024, down by 73.2% compared to last year.

Breakdown of Home Sale Times

464 Homes Were Sold
Under 30 Days

82 Homes Were Sold
In 30 - 90 Days

30 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Raleigh Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 576 homes were sold in Raleigh Township; 81% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Raleigh Township, NC

Nearby Markets to Raleigh Township, NC

What housing markets are near Raleigh Township, NC?