RealTrends Market Report

Raleigh, NC

Single-Family Homes

Want your own branded market report? Visit altosresearch.com.



Raleigh, NC

Mon Jun 24 2024
This week the median list price for Raleigh, NC is $634,500 with the market action index hovering around 42. This is less than last month's market action index of 45. Inventory has increased to 735. Click here to stay informed with the Raleigh market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Raleigh, NC

Mon Jun 24 2024
This week the median list price for Raleigh, NC is $634,500 with the market action index hovering around 42. This is less than last month's market action index of 45. Inventory has increased to 735. Click here to stay informed with the Raleigh market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Raleigh market.
Median List Price $634,500
Median Price of New Listings $497,190
Per Square Foot $272
Average Days on Market 80
Median Days on Market 42
Price Decreased 43%
Price Increased 4%
Relisted 7%
Inventory 735
Median Rent
Market Action 42
Slight Seller's Advantage

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,825,000 4,482 0.25 - 0.5 acre 5 4.5 1 19 8 77
$849,000 3,000 0.25 - 0.5 acre 4 3.5 24 23 30 35
$525,000 2,235 8,000 - 10,000 sqft 3 2.5 23 42 26 28
$380,000 1,609 6,500 - 8,000 sqft 3 2.5 26 46 21 28