$1,900 Closing Credit*
$160,000
3 Beds
•2 Full Baths
Listing Office: Premier Realty Group, LLC
Is Raleigh, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Raleigh was a Buyer's Market.
Key Takeaway
Raleigh is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Raleigh, TN
How much do homes in Raleigh, TN cost?
Median Sold Price
$171,500
-
Based on all homes sold in November 2024.
Difference Since Last Month
+$14,000(+8.9%)
Key Takeaway
Homes in Raleigh have sold for 8.9% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $65K | N/A |
| 2 Bedrooms | $80K | - | N/A |
| 3 Bedrooms | $155K | $175.5K | +13.2% |
| 4 Bedrooms | $282K | $127.5K | -54.8% |
| 5+ Bedrooms | $212K | $196.2K | -7.5% |
Summary: Raleigh housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 13.2%, 4 bedroom homes decreased by 54.8%, and 5+ bedroom homes decreased by 7.5%.
Housing Supply in Raleigh, TN
How many homes are available in Raleigh, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 109 | 127 | +16.5% |
Summary: The Raleigh real estate market had 127 homes for sale in November 2024, a 16.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 2 | -60.0% |
| 3 Bedrooms | 75 | 87 | +16.0% |
| 4 Bedrooms | 23 | 29 | +26.1% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The 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 decreased by 60%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 26.1%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 22 | +57.1% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Raleigh, you may be able to get a good deal. 68.2% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Raleigh in November 2024, up by 57.1% month-over-month. Of the 22 sold homes, 68% were sold under asking, 14% were sold at asking, and 18% were sold over asking.
Days on Market for Raleigh, TN
We’re sorry, we don't have information for this market at the moment
