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Monthly Raleigh housing market report

Raleigh housing market: home prices and sales

See what homes are selling for in Raleigh, how many sales are closing and what's available now. Compare monthly trends, explore current listings and find out what matters when evaluating a particular home.

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Raleigh homes for sale and under contract

Monthly sales tell you what has closed. These newer snapshots show how many Raleigh listings are currently for sale or under contract, including the portion of active listings identified as new construction. Each snapshot has its own check time.

Browse Raleigh homes for sale

Explore current active single-family homes, townhouses and condos listed in Raleigh, NC, across all prices and bedroom counts.

What should Raleigh buyers compare next?

Browse current Raleigh listings and narrow by neighborhood, home type, bedrooms and budget. Compare recent closed sales of similar homes nearby. The report also shows how long recently sold homes took to reach an accepted offer and how their sale prices compared with recorded asking prices. Check a home's condition, price history and sale terms before deciding what to offer.

What should Raleigh sellers compare next?

Compare your home's size, condition and asking price with recent nearby sales and the active listings buyers could choose instead. Look at how long recently sold homes took to reach an accepted offer, how their sale prices compared with recorded asking prices, and what share of active listings are priced below their original asking prices. Ask an agent how those patterns compare with similar homes nearby. Seller Competition starts with single-family homes with at least three bedrooms; you can change the home type, minimum bedrooms and price range. Request a home-specific market analysis for a closer pricing review.

How Raleigh home types compare

Compare single-family homes, townhouses and condos separately. For-sale counts come from current listings; sold counts, median prices and days to contract come from the latest completed month. These are Raleigh listing totals, not neighborhood-level comparisons.

Raleigh home price and sales trends

The charts show Raleigh's latest 12 completed months alongside the matching months one year earlier. Switch to six months or hide the earlier year. Select a month in either chart to see its sold-listing count, median sold price and year-over-year change where available. Changes in the mix of homes sold can also affect the median.

Sources checked October 26, 2026

Raleigh developments worth checking

These dated developments could matter for your move or a particular home. None establishes what caused changes in this report's sales or median prices.

Regional employment

RTI expects staffing cuts across the company

Reported October 1, 2026

RTI International, a nonprofit research institute based in Research Triangle Park, expects to cut about 200 jobs companywide over three months, including approximately 120 in North Carolina, according to WRAL. ABC11 also reported the reorganization.

For households affected by the cuts, employment uncertainty may change moving plans or how much they feel comfortable spending. Neither report measures Raleigh homebuyer demand.

If a job change affects your move, revisit your budget and timeline, then compare recent sales and competing listings in the area you're considering.

Road and transit projects

New Bern Avenue BRT remains under construction

City construction update: September 2, 2026

The City of Raleigh's September 2, 2026 update describes utility work and preparations for sidewalks and bus lanes along sections of the New Bern Avenue bus rapid transit (BRT) corridor, which connects downtown Raleigh with WakeMed and New Hope Road. The city's schedule lists summer 2030 for project completion; BRT service is not operating yet.

Construction access today and future transit service are different considerations for a nearby home. Planned improvements do not establish a price increase.

Review the city's construction map and planned station locations, then check the property's entrance and your actual commute before deciding.

Ongoing ownership costs

Homeowners insurance deserves a separate budget check

Announced January 17, 2025; 2026 change effective June 1, 2026

In a January 17, 2025 settlement announcement, the North Carolina Department of Insurance confirmed statewide average homeowners insurance base-rate increases of 7.5% effective June 1, 2025 and June 1, 2026. Its territory table shows a 7.5% approved increase for Raleigh and Wake County territory 270 in 2026.

This does not mean every homeowner's premium rose 7.5%; insurer, coverage, home characteristics and discounts can affect the bill. Purchase price alone won't tell you the full ownership cost.

Before finalizing your budget, get an insurance quote for the property and compare coverage and deductibles.

Questions to consider before your next move

Should I buy now or wait?

There isn't one answer for every Raleigh buyer. If homes fit your needs and budget, compare current choices with recent nearby sales and ask how quickly similar homes have reached contract. If nothing fits, keep looking. These figures cannot predict whether waiting will bring lower prices or better choices.

What cash should I plan for upfront, and what will owning a home cost?

Budget for upfront costs, including your down payment and closing costs. Ongoing costs include mortgage principal and interest if you're financing, property taxes, homeowners insurance, utilities, maintenance, and any HOA fees or mortgage insurance. Weigh these against your income, regular expenses and savings goals. Get property-specific estimates from your lender, tax assessor, insurer and HOA where applicable before settling on a budget.

CFPB: How much to spend on a home
What should I offer on a Raleigh home?

Start with recent sales of similar nearby homes, the property's condition and current alternatives. The report shows how the sale prices of closed listings compared with their recorded asking prices, but that percentage isn't a discount to apply to an offer. Ask about the home's price history, concessions and other terms before deciding on an amount.

Questions about buying or selling in Raleigh?

Tell Raleigh Realty whether you're buying or selling, the neighborhood or property you're considering, and what you'd like help comparing.

Send a message to Raleigh Realty

This report covers Doorify MLS residential listings labeled City = Raleigh, NC, including single-family residences, townhouses and condos at all prices and bedroom counts. That MLS city label does not necessarily match Raleigh's municipal boundaries. The report does not cover every sale in Wake County or the wider Triangle.

Doorify MLS. Closed-sale records normally refresh daily. Current listing information normally refreshes about every six hours, with separate check times for for-sale and under-contract snapshots. A newly completed month is added only after refreshed records provide complete coverage.

How these numbers are counted

The report uses Doorify MLS Residential listing records labeled City = Raleigh, NC, limited to single-family residences, townhouses and condos at all prices and bedroom counts. The MLS city label does not necessarily match Raleigh's municipal boundaries. A property can have more than one listing record, so sold-listing counts do not necessarily represent unique property transfers or every sale within city limits.

Monthly sales use the calendar month in which the sale closed. The latest figures come from the most recent fully refreshed, completed month; the incomplete current month is excluded. The charts show the latest 6 or 12 completed months, optionally compared with the matching calendar months one year earlier. The accessible table retains all 24 completed months. Year-over-year comparisons are not formally seasonally adjusted. For-sale and under-contract snapshots have separate check times and are not month-end inventory figures.

Median sold price is the middle sale price among qualifying closed listing records with valid positive sale prices. Changes in the median can reflect differences in the types, sizes and prices of homes sold, not necessarily changes in the value of comparable homes.

Counts from 1 through 4 are hidden; a true zero is shown as 0. Each median or percentage requires at least 10 valid observations for that measure, including within individual home-type rows. Median sold prices require at least 10 valid positive sale prices. Related totals or sample counts may also be hidden if they would reveal a suppressed small count, such as the number of closed listings without a valid sale price. Hidden does not mean zero. Figures are withheld when data access, coverage or freshness cannot be confirmed.

Under contract means a sale has been agreed to but hasn't closed. The report does not provide neighborhood-level statistics, historical inventory or months of supply. These figures cannot by themselves establish a buyer's or seller's market, determine an individual property's value or predict future prices.

The home-type rows show current for-sale counts alongside the latest completed month's sold-listing counts, median sold prices and median calendar days to contract.

For listings that closed during that month, median days to contract measures calendar days from the reported OnMarketDate to PurchaseContractDate. Records qualify only when the on-market date is on or before the contract date and the contract date is on or before the closing date. Missing or invalid dates are excluded; zero days is valid. Off-market intervals are not subtracted, and earlier relistings are not combined. This is not MLS days on market (DOM/CDOM), an estimate of how long currently active homes will take to sell or a prediction.

For closed listings with valid positive ClosePrice and ListPrice values, the sale-to-asking percentage is the median of each listing's ClosePrice divided by ListPrice, multiplied by 100. It is not a ratio of median prices. The below-asking percentage is the share of these eligible listings whose ClosePrice is lower than ListPrice. ListPrice is the asking price recorded on the closed listing, which may differ from its original asking price. Neither measure accounts for concessions, credits or incentives.

For current Active listings with valid positive ListPrice and OriginalListPrice values, the price-reduction percentage is the share whose current asking price is below the original recorded asking price. This compares the two recorded prices, not the number of reductions during a month, individual price-change events or the listing's complete price history.

Does this report include every home sale in Raleigh?

No. It counts qualifying Doorify MLS residential listing records labeled City = Raleigh, NC, not every property transfer within Raleigh city limits. Only single-family residences, townhouses and condos are included. Sales outside the MLS are not covered, and separately recorded listings can be counted more than once.

Does a change in Raleigh's median home price mean my home's value changed?

Not necessarily. The median is the middle sale price among qualifying homes sold during a month. If more larger houses sell one month and more smaller homes or condos sell the next, the median can change even without comparable homes changing in value. Recent sales of similar nearby properties are more useful for evaluating one home.

How current are the prices and homes-for-sale numbers?

Sale prices and counts cover the latest completed calendar month with fully refreshed records. Closed-sale data normally refreshes daily, while listing inventory normally refreshes about every six hours. For-sale and under-contract figures show separate check times. If the data cannot be verified, current figures are withheld.

More Raleigh housing resources

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