Raleigh - NC housing market
The Raleigh metro has a typical home value of $438,364, down 2.2% from a year ago. Homes are moving fast at 16 days on market - a strong seller's market. 32% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($438,364) is the Zillow Home Value Index for the Raleigh - NC metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are down 2.2% over the past year. A home worth $448,225 last year is now worth roughly $438,364.
The median sale price , what homes actually close for , is $431,449. Homes are selling at 98.4% of list price, meaning buyers have room to negotiate.
Homes listed in Raleigh - NC sit on the market for roughly 16 days before going pending. Shorter = seller's market; longer = buyer's market.
About 32.2% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 2,185 new listings hit the market each month in Raleigh - NC. There are currently 5,668 homes for sale, up 20.4% from a year ago.
The typical monthly rent in Raleigh - NC is $1,694, down 0.2% year over year. For investors, the price-to-rent ratio here is roughly 22x annual rent.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Other metros in NC
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Charlotte - NC | $390,321 | -0.4% | 20.0d |
| Greensboro - NC | $266,370 | +1.5% | 16.0d |
| Winston - NC | $283,871 | +2.8% | 14.0d |
| Durham - NC | $414,340 | -1.9% | 14.0d |
| Fayetteville - NC | $259,183 | +0.6% | 20.0d |
| Asheville - NC | $428,742 | -3.6% | 37.0d |