Raleigh - NC housing market
The Raleigh metro has a typical home value of $438,138, down 2.1% from a year ago. Homes are moving fast at 19 days on market, a strong seller's market. 34% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($438,138) 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 2.1% over the past year. A home worth $447,536 last year is now worth roughly $438,138.
The median sale price , what homes actually close for , is $433,748. Homes are selling at 98.7% of list price, meaning buyers have room to negotiate.
Homes listed in Raleigh - NC sit on the market for roughly 19 days before going pending. Shorter = seller's market; longer = buyer's market.
About 34.4% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 2,143 new listings hit the market each month in Raleigh - NC. There are currently 5,988 homes for sale, up 15.6% from a year ago.
The typical monthly rent in Raleigh - NC is $1,689, up 0.3% 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 | $390,942 | -0.4% | 23.0d |
| Greensboro - NC | $266,965 | +1.5% | 17.0d |
| Winston - NC | $284,988 | +2.6% | 16.0d |
| Durham - NC | $415,643 | -2.1% | 18.0d |
| Fayetteville - NC | $259,738 | +0.4% | 20.0d |
| Asheville - NC | $430,056 | -3.5% | 42.0d |