$350,000
1,872 SqFt
3 Beds
•2 Full Baths
Alyssa G Upchurch, Listing Office: Southern Realty Group Inc.
October 2024
Report Updated 17 Days Ago
Is Raleigh, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Raleigh has remained a Seller's Market.
How much do homes in Raleigh, NC cost?
$442,333
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
Summary: The median home sold price in Raleigh was $442,333 in October 2024, up 5.6% from last year, and the median price per square foot was $233.
# BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $249.9K | $281K | +12.4% |
2 Bedrooms | $300K | $306.1K | +2.0% |
3 Bedrooms | $382.7K | $399.9K | +4.5% |
4 Bedrooms | $583.2K | $621.9K | +6.6% |
5+ Bedrooms | $809.9K | $931K | +15.0% |
Summary: Raleigh housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.4%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 15%.
Neuse Township | $379.7K | $415K | +9.3% |
Raleigh | $418.8K | $442.3K | +5.6% |
Raleigh Township | $418.8K | $442.2K | +5.6% |
House Creek Township | $430K | $433.6K | +0.8% |
Meredith Township | $585.5K | $576.5K | -1.5% |
How many homes are available in Raleigh, NC?
Sep 2024 | Oct 2024 | CHANGE |
---|---|---|
2,263 | 2,315 | +2.3% |
Summary: The Raleigh real estate market had 2,315 homes for sale in October 2024, a 2.3% increase compared to September 2024.
# BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 38 | 36 | -5.3% |
2 Bedrooms | 316 | 333 | +5.4% |
3 Bedrooms | 1,003 | 1,037 | +3.4% |
4 Bedrooms | 629 | 635 | +1.0% |
5+ Bedrooms | 277 | 274 | -1.1% |
Summary: The Raleigh housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5.3%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 1.1%.
Sep 2024 | Oct 2024 | CHANGE |
---|---|---|
463 | 467 | +0.9% |
270 Homes Were Sold
Under Asking
103 Homes Were Sold
At Asking
94 Homes Were Sold
Over Asking
Summary: A total of 467 homes were sold or pending in Raleigh in October 2024, up by 0.9% month-over-month. Of the 467 sold homes, 58% were sold under asking, 22% were sold at asking, and 20% were sold over asking.
How long does it take to sell a home in Raleigh, NC?
Oct 2023 | Oct 2024 | CHANGE |
---|---|---|
59 Days | 36 Days | -39.5% |
Summary: Homes in Raleigh had an average of 36 days on market in Oct 2024, down by 39.5% compared to last year.
294 Homes Were Sold
Under 30 Days
121 Homes Were Sold
In 30 - 90 Days
52 Homes Were Sold
Over 90 Days
Summary: During October 2024, 467 homes were sold in Raleigh; 63% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 11% 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 17 Days Ago
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Based on information from Doorify MLS, Hive MLS, Canopy MLS, and Longleaf Pine REALTORS® for the period 11/01/2022 - 11/01/2024
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Last updated on: 11/17/2024, 8:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 11/17/2024, 8:21:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate for sale on this web site comes in part from the Longleaf Pine REALTORS®, Inc. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawl. Neither listing broker(s) nor Longleaf Pine REALTORS®, Inc. shall be held responsible for typographical errors, misinformation, misprints and shall be held totally harmless. Copyright 2024 Longleaf Pine REALTORS®, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 8:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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