Is Raleigh Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Raleigh Township has remained a Seller's Market.
Key Takeaway
Raleigh Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Raleigh Township, NC
How much do homes in Raleigh Township, NC cost?
Median Sold Price
$430,215
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Raleigh Township have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Raleigh Township was $430,215 in April 2024, up 3.7% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $237.5K | $262.2K | +10.4% |
| 2 Bedrooms | $305K | $306K | 0.3% |
| 3 Bedrooms | $384.9K | $391.1K | +1.6% |
| 4 Bedrooms | $575.5K | $623K | +8.3% |
| 5+ Bedrooms | $807.4K | $876.6K | +8.6% |
Summary: Raleigh Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.4%, 2 bedroom homes increased by 0.3%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 8.6%.
Median Sold Price Compared To Nearby Cities
| Swift Creek Township | $527.2K | $569.3K | +8.0% |
| House Creek Township | $415.1K | $431.7K | +4.0% |
| Raleigh Township | $414.7K | $430.2K | +3.7% |
| Raleigh | $414.8K | $430.1K | +3.7% |
| Meredith Township | $572.5K | $585K | +2.2% |
Housing Supply in Raleigh Township, NC
How many homes are available in Raleigh Township, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,994 | 2,071 | +3.9% |
Summary: The Raleigh Township real estate market had 2,071 homes for sale in April 2024, a 3.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 40 | 34 | -15.0% |
| 2 Bedrooms | 282 | 290 | +2.8% |
| 3 Bedrooms | 863 | 919 | +6.5% |
| 4 Bedrooms | 560 | 595 | +6.3% |
| 5+ Bedrooms | 249 | 233 | -6.4% |
Summary: The Raleigh Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 15%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 6.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 537 | 566 | +5.4% |
Asking Price vs. Sold Price
232 Homes Were Sold
Under Asking
139 Homes Were Sold
At Asking
195 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Raleigh Township, you may be able to get a good deal. 41% of homes here sold below asking price last month.
Summary: A total of 566 homes were sold or pending in Raleigh Township in April 2024, up by 5.4% month-over-month. Of the 566 sold homes, 41% were sold under asking, 25% were sold at asking, and 34% were sold over asking.
Days on Market for Raleigh Township, NC
How long does it take to sell a home in Raleigh Township, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 77 Days | 28 Days | -63.1% |
Summary: Homes in Raleigh Township had an average of 28 days on market in Apr 2024, down by 63.1% compared to last year.
Breakdown of Home Sale Times
428 Homes Were Sold
Under 30 Days
91 Homes Were Sold
In 30 - 90 Days
47 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Raleigh Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 566 homes were sold in Raleigh Township; 76% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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