Raleigh - NC housing market
The Raleigh metro has a typical home value of $438,344, down 2.3% from a year ago. Homes sell in 20 days on average - a balanced market. 29% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($438,344) 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 2.3% over the past year. A home worth $448,663 last year is now worth roughly $438,344.
The median sale price , what homes actually close for , is $429,767. Homes are selling at 98.0% of list price, meaning buyers have room to negotiate.
Homes listed in Raleigh - NC sit on the market for roughly 20 days before going pending. Shorter = seller's market; longer = buyer's market.
About 29.0% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 1,931 new listings hit the market each month in Raleigh - NC. There are currently 5,102 homes for sale, up 25.6% from a year ago.
The typical monthly rent in Raleigh - NC is $1,674, 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 | $388,846 | -0.5% | 23.0d |
| Greensboro - NC | $264,302 | +1.2% | 21.0d |
| Winston - NC | $281,131 | +2.8% | 19.0d |
| Durham - NC | $411,727 | -1.7% | 17.0d |
| Fayetteville - NC | $257,381 | +0.6% | 24.0d |
| Asheville - NC | $425,516 | -3.8% | 58.0d |