$5,329 Closing Credit*
$448,790
1,576 SqFt
3 Beds
•2 Full Baths, 1 Partial
Jolene Johnson, Listing Office: SM North Carolina Brokerage
Is Southeast 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, Southeast Raleigh has remained a Seller's Market.
Key Takeaway
Southeast Raleigh is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southeast Raleigh, NC
How much do homes in Southeast Raleigh, NC cost?
Median Sold Price
$319,990
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$2,010(-0.6%)
Key Takeaway
Homes in Southeast Raleigh have sold for 0.6% less than they did a year ago.
Summary: The median home sold price in Southeast Raleigh was $319,990 in October 2024, down 0.6% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $243K | $279.9K | +15.2% |
| 3 Bedrooms | $315K | $324.9K | +3.2% |
| 4 Bedrooms | $351.6K | $358K | +1.8% |
| 5+ Bedrooms | $380.7K | $323.7K | -15.0% |
Summary: Southeast Raleigh housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 15%.
Housing Supply in Southeast Raleigh, NC
How many homes are available in Southeast Raleigh, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 106 | 110 | +3.8% |
Summary: The Southeast Raleigh real estate market had 110 homes for sale in October 2024, a 3.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 16 | 8 | -50.0% |
| 3 Bedrooms | 67 | 77 | +14.9% |
| 4 Bedrooms | 19 | 21 | +10.5% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Southeast Raleigh housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 24 | +26.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southeast Raleigh, expect to pay close to the asking price. 45.8% of homes here sold near the asking price last month.
Summary: A total of 24 homes were sold or pending in Southeast Raleigh in October 2024, up by 26.3% month-over-month. Of the 24 sold homes, 42% were sold under asking, 46% were sold at asking, and 13% were sold over asking.
Days on Market for Southeast Raleigh, NC
How long does it take to sell a home in Southeast Raleigh, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 53 Days | 54 Days | 0.4% |
Summary: Homes in Southeast Raleigh had an average of 54 days on market in Oct 2024, up by 0.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southeast Raleigh are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 24 homes were sold in Southeast Raleigh; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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