Raleigh

Why you'd want to live in Raleigh

Raleigh, the capital city of North Carolina, is a vibrant hub known for its rich history, diverse culture, and thriving economy. With a median home price around $475,000, the housing market here offers a range of options from historic homes in established neighborhoods to modern developments in rapidly growing areas. The city attracts families, professionals, and students alike, drawn by its dynamic atmosphere and high quality of life. Raleigh's neighborhoods, such as Five Points and North Hills, are known for their unique character and amenities. Residents enjoy a variety of recreational opportunities, from beautiful parks to vibrant arts and music scenes. The local education system is robust, with top-ranked public schools and several renowned universities, including North Carolina State University. The economy in Raleigh is thriving, bolstered by a mix of technology, healthcare, and education sectors. The Research Triangle Park, located nearby, provides ample employment opportunities, making it a prime destination for professionals seeking career growth. With its blend of urban convenience, cultural richness, and community spirit, Raleigh continues to be one of the most sought-after cities to live in North Carolina.

Raleigh Market Report

$751,184

AVERAGE PRICE OF 2,365 HOMES

$2,058,768

AVERAGE PRICE OF 408 MULTI-MILLION DOLLAR HOMES

$968,511

AVERAGE PRICE OF 827 NEWLY BUILT HOMES

$550,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$754,888

AVERAGE PRICE OF 581 HOMES WITH A POOL

$640,071

AVERAGE PRICE OF 58 REDUCED PRICE HOMES

Average Home

Average Price $751,184
Avg Bedrooms 2.67 beds
Avg Bathrooms 2.66 baths

Average Price by Bedrooms

1 bedroom $329,275
2 bedrooms $369,732
3 bedrooms $466,324
4 bedrooms $997,135
5 bedrooms $1,135,390
Raleigh Home Price Trends
  11/2024 10/2024 9/2024 8/2024 7/2024
Total Listings 2,487 2,628 2,575 2,452 2,439
Average Price $750,278 $762,447 $763,569 $767,369 $776,275
Avg Price Change -1.62% -0.15% -0.50% -1.16% -0.46%
Median Price $494,618 $499,218 $501,056 $512,821 $512,118
Med Price Change -0.93% -0.37% -2.35% +0.14% -1.08%
Avg Bedrooms 2.61 beds 2.6 beds 2.84 beds 2.97 beds 3.01 beds
Avg Bathrooms 2.59 baths 2.54 baths 2.72 baths 2.76 baths 2.72 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Broughton 467 $1,038,291 138 days
Wake 7 $714,805 114 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 2,365 $751,184 108 days
Multi-Million Dollar Homes 408 $2,058,768 111 days
Newly Built Homes 827 $968,511 73 days
Distressed Homes 1 $550,000 60 days
Homes with a Pool 581 $754,888 82 days
Reduced Price Homes 58 $640,071 58 days
The Oceanaire Realty
308 Hwy 17 N
Holly Ridge, NC 28445
Triangle: 833-OAR-1234 | Coast: 833-OCN-AIRE

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