Is Raleigh Court, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Raleigh Court is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Raleigh Court has remained a Seller's Market.

Key Takeaway

Raleigh Court is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Raleigh Court, VA

How much do homes in Raleigh Court, VA cost?

Median Sold Price

$330,750

$181/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$18,250(+5.8%)

Key Takeaway

Homes in Raleigh Court have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in Raleigh Court was $330,750 in October 2024, up 5.8% from last year, and the median price per square foot was $181.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $220K$222K
+0.9%
3 $295.2K$317.5K
+7.5%
4 $399K$350K
-12.3%
5+ $415K$487.5K
+17.5%

Summary: Raleigh Court 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 0.9%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 12.3%, and 5+ bedroom homes increased by 17.5%.

Median Sold Price Compared To Nearby Neighborhoods

Wasena
+10.7%
Raleigh Court
+5.8%
Grandin Court
+5.4%

Housing Supply in Raleigh Court, VA

How many homes are available in Raleigh Court, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3031+3.3%

Summary: The Raleigh Court real estate market had 31 homes for sale in October 2024, a 3.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1721
+23.5%
4 55
0.0%
5+ 63
-50.0%

Summary: The Raleigh Court 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 remained the same, 3 bedroom homes increased by 23.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1112+9.1%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Raleigh Court, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Raleigh Court in October 2024, up by 9.1% month-over-month. Of the 12 sold homes, 58% were sold under asking, 17% were sold at asking, and 25% were sold over asking.

Days on Market for Raleigh Court, VA

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Raleigh Court, VA

Nearby Markets to Raleigh Court, VA