$4,156 Closing Credit*
$350,000
1,307 SqFt
4 Beds
•2 Full Baths
Wayne Greene, James Hill, Listing Office: Coldwell Banker Advantage
Is Southeast Raleigh, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Southeast Raleigh was a Seller's Market.
Key Takeaway
Southeast Raleigh is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Southeast Raleigh, NC
How much do homes in Southeast Raleigh, NC cost?
Median Sold Price
$319,990
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$1,005(-0.3%)
Key Takeaway
The sold price of homes in Southeast Raleigh has remained the same since last year.
Summary: The median home sold price in Southeast Raleigh was $319,990 in November 2024, down 0.3% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $243K | $279.9K | +15.2% |
| 3 Bedrooms | $315K | $320K | +1.6% |
| 4 Bedrooms | $354.5K | $360K | +1.6% |
| 5+ Bedrooms | $386.5K | $350K | -9.4% |
Summary: Southeast Raleigh housing prices by bedroom type for November 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 1.6%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 9.4%.
Housing Supply in Southeast Raleigh, NC
How many homes are available in Southeast Raleigh, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 109 | 108 | -0.9% |
Summary: The Southeast Raleigh real estate market had 108 homes for sale in November 2024, a 0.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 76 | 76 | 0.0% |
| 4 Bedrooms | 21 | 20 | -4.8% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Southeast Raleigh housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 17 | -29.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Southeast Raleigh, expect to pay close to the asking price. 58.8% of homes here sold near the asking price last month.
Summary: A total of 17 homes were sold or pending in Southeast Raleigh in November 2024, down by 29.2% month-over-month. Of the 17 sold homes, 35% were sold under asking, 59% were sold at asking, and 6% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 80 Days | 46 Days | -41.8% |
Summary: Homes in Southeast Raleigh had an average of 46 days on market in Nov 2024, down by 41.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 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 November 2024, 17 homes were sold in Southeast Raleigh; 59% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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