$245,000
1213 Manassas Ct Apt H
Raleigh, NC
3 bd3 ba1,553 sqft$158/ft²
Townhouse
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Sarah Mitchell
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Compass Real Estate · Raleigh, NC
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Raleigh, NC(512) 555-0184TX License #0512847
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5.0 · 47 reviews
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Raleigh, NC Housing Market & Real Estate
Balanced market-3.6% YoY
Housing market overview · Updated monthly ·
$424,029median sale price
How is the Raleigh, NC housing market right now?
The median home sale price in Raleigh, NC is $424,029, down 3.6% year-over-year. Homes sell in an average of 32 days with 1,632 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Raleigh a buyer's or seller's market?
Balanced market3.1 months of supply32 avg. days on market
Raleigh, NC is currently a balanced market, based on 3.1 months of supply and homes selling in about 32 days. How we determine this →
Homes sold
525
Last 12 weeks
Days on market
32
Average pace
Active listings
1,632
3.1 months supply
Sale-to-list
98.9%
Below asking
What does the Raleigh housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $424,029 |
| Median list price | $450,000 |
| Year-over-year price change | -3.6% |
| Average days on market | 32 days |
| Active inventory | 1,632 listings |
| Months of supply | 3.1 months |
| Sale-to-list price ratio | 98.9% |
| Median price per sq ft | $231/sq ft |
| Homes sold (latest month) | 525 |
| New listings (latest month) | 680 |
| Listings with a price cut | 41.7% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Raleigh by property type?
How the Raleigh, NC market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $533,500 | $260/sq ft | 314 | 25 days |
| Condo / Co-op | $334,375 | $259/sq ft | 42 | 55 days |
| Townhouse | $317,500 | $192/sq ft | 168 | 46 days |
Source: Redfin · Updated monthly
The Raleigh housing market is currently classified as a balanced market with a median sale price of $424,029. Prices have fallen 3.6% compared to last year, with homes spending an average of 32 days on market, indicating 3.1 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.3x provides context for how home values compare to local earning capacity.
Homes for sale in Raleigh
There are currently 1,632 homes listed for sale in Raleigh, North Carolina. The median listing price is $450K. Featured listings range from $245,000 to $2,100,000.
$274,990
2495 Tonoloway Dr Unit 3
Raleigh, NC
2 bd3 ba1,370 sqft$201/ft²
Townhouse1,307 sqft lot
View photos & details
$349,000
4205 Reddington Trl
Raleigh, NC
4 bd3 ba1,825 sqft$191/ft²
House10,019 sqft lot
View photos & details
$349,990
2208 Caen St Unit 6
Raleigh, NC
3 bd3 ba1,924 sqft$182/ft²
Townhouse3,049 sqft lot
View photos & details
$349,990
2206 Caen St Unit 7
Raleigh, NC
3 bd3 ba1,924 sqft$182/ft²
Townhouse3,049 sqft lot
View photos & details
$369,000
9221 Calabria Dr Unit 121
Raleigh, NC
2 bd2 ba1,590 sqft$232/ft²
Condo
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$370,000
8234 Primanti Blvd
Raleigh, NC
2 bd3 ba1,650 sqft$224/ft²
Townhouse1,742 sqft lot
View photos & details
$425,000
217 Heck St
Raleigh, NC
0 bd2 ba1,769 sqft$240/ft²
duplex triplex5,663 sqft lot
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$426,990
10524 Bailey Branch Dr Unit 201
Raleigh, NC
3 bd3 ba2,452 sqft$174/ft²
Condo
View photos & details
$430,990
10526 Bailey Branch Dr Unit 201
Raleigh, NC
3 bd3 ba2,409 sqft$179/ft²
Condo
View photos & details
$550,000
3304 Wade Ave
Raleigh, NC
3 bd2 ba1,617 sqft$340/ft²
House14,375 sqft lot
View photos & details
$2,100,000
504 Tilden St
Raleigh, NC
5 bd4 ba4,345 sqft$483/ft²
House8,276 sqft lot
View photos & details
Looking to buy in Raleigh?
Get connected with a local real estate expert — free, no obligation.
Active listings
1,632
Homes on market
Median list price
$450K
Avg. days on market
32
Days until sale
New this week
680
Newly listed
Price drops:41.7%of listings
Sale-to-list:98.9%
Who lives in Raleigh?
Population
470,763
Median income
$82,424/yr
Median age
34.7 years
Owner-occupied
51.2%
College grads
52.9%
Avg commute
23.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Raleigh?
Zillow home value
$436,056
Zillow rent index
$1,579/mo
Price-to-rent ratio
23.0x
Price-to-income
5.3x
Source: Zillow Research
What is it like to live in Raleigh?
Raleigh is a community of approximately 471K residents with a median age of 34.7 years.The median household income is $82,424, which reflects a relatively affluent area with strong earning potential. 52.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 51.2%, showing a blend of owner and renter-occupied properties. The average commute time is 23.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Raleigh offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Raleigh?
50 schools tracked · 47,153 students
The largest public schools serving Raleigh, NC by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Enloe High
Grades 9-12 · 2,538 students
Leesville Road High
Grades 9-12 · 2,517 students
Millbrook High
Grades 9-12 · 2,455 students
Wakefield High
Grades 9-12 · 2,105 students
Needham Broughton High
Grades 9-12 · 2,062 students
Athens Drive High
Grades 9-12 · 2,060 students
Sanderson High
Grades 9-12 · 1,661 students
Southeast Raleigh High
Grades 9-12 · 1,490 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Raleigh, NC?
Want a head-to-head view? Compare Raleigh side-by-side with any other U.S. city using our market-comparison tool.
Is Raleigh a good real estate investment market?
For investors evaluating Raleigh, the price-to-rent ratio of 23.0x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 3.6% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Raleigh's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Raleigh's median home price.
Frequently asked questions
What is the average home price in Raleigh?
The median home sale price in Raleigh is $424,029, down 3.6% from last year.
How long do homes stay on market in Raleigh?
Homes typically spend 32 days on market before going under contract.
What is the median income in Raleigh?
The median household income is $82,424 per year.
Is Raleigh a buyer's or seller's market?
With 3.1 months of supply, Raleigh is currently a balanced market.
How many homes are for sale in Raleigh?
There are currently 1632 homes listed for sale in Raleigh, NC.
What is the Zillow home value estimate for Raleigh?
The Zillow Home Value Index (ZHVI) for Raleigh is $436,056, representing the typical home value in the area.
What is the median condo price in Raleigh?
The median condo/co-op sale price in Raleigh, NC is $334,375, compared to $533,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Raleigh?
The median single-family home price in Raleigh, NC is $533,500 (about $260 per square foot).
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