Is Raleigh Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Raleigh Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $246K | $256K | +4.1% |
2 Bedrooms | $300.5K | $306.5K | +2.0% |
3 Bedrooms | $381.8K | $394.6K | +3.3% |
4 Bedrooms | $591K | $619.5K | +4.8% |
5+ Bedrooms | $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 | $413.5K | $432.2K | +4.5% |
Raleigh Township | $414.2K | $432.3K | +4.4% |
Swift Creek Township | $541.9K | $565.3K | +4.3% |
House Creek Township | $418.5K | $430K | +2.7% |
Meredith Township | $579.5K | $575K | -0.8% |
Housing Supply in Raleigh Township, NC
How many homes are available in Raleigh Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2,217 | 2,293 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 35 | 33 | -5.7% |
2 Bedrooms | 294 | 314 | +6.8% |
3 Bedrooms | 1,011 | 1,053 | +4.2% |
4 Bedrooms | 625 | 624 | -0.2% |
5+ Bedrooms | 252 | 269 | +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 2024 | May 2024 | CHANGE |
---|---|---|
602 | 576 | -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
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 2023 | May 2024 | CHANGE |
---|---|---|
74 Days | 20 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
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.