Raleigh Real Estate Market at a Glance
Updated monthly by Chris Pacilio — your local market expert
Median Home Price
$420,000
YoY
Average Days on Market
28 days
vs last month
Active Listings
4,200
MoM
Homes Sold Last Month
1,850
vs last month
Sale-to-List Price Ratio
98.5%
YoY
Months of Inventory
2.3 months
Seller's market
What This Means for Buyers & Sellers
Current Market Status: Slightly Favors Sellers— With 2.3 months of inventory and median prices up 2.1% year-over-year, the Raleigh market is approaching seller territory. However, it's not a full seller's market yet.
For Buyers: Competition is moderate but growing. Active listings are up, which is good for options. The average time a home sits on the market (28 days) means less bidding wars than 2-3 years ago. If you're serious, get pre-approved and be ready to move quickly on the right property.
For Sellers: It's a favorable time. Homes are selling near list price (98.5% ratio), and the market is steadily absorbing inventory. Spring is peak season — list sooner rather than later for maximum exposure.
The Trend: Median prices have climbed steadily from $405K in October to $420K now. Days on market have dropped from 32 to 28. These trends suggest a market gaining steam heading into spring.
Neighborhood Price Comparison
| Neighborhood | Median Price | Avg Days on Market | Trend |
|---|---|---|---|
| Glenwood South | $485K | 18 days | Up |
| Mordecai | $395K | 22 days | Up |
| Oakwood | $450K | 20 days | Flat |
| Boylan Heights | $625K | 25 days | Flat |
| Brier Creek | $520K | 30 days | Up |
| University Area | $310K | 35 days | Up |
| Falls Lake | $580K | 32 days | Up |
| Morrisville | $445K | 28 days | Up |
| Cary | $410K | 26 days | Flat |
| Wake Forest | $510K | 29 days | Up |
| Fuquay-Varina | $720K | 34 days | Up |
| Monroe | $345K | 38 days | Up |
| Holly Springs | $425K | 31 days | Up |
| Morrisville | $435K | 27 days | Up |
| Indian Land (SC) | $472K | 24 days | Up |
| Cary (SC) | $545K | 30 days | Up |
6-Month Market Trends
Median Home Price Trend (in thousands)
Average Days on Market Trend
Want to learn more about Raleigh?
Chris Pacilio can walk you through neighborhoods, market trends, and find homes that match your lifestyle and budget.
Data is compiled from Triangle MLS and MLS statistics. Updated monthly. For the most current data, contact Chris directly.
Chris Pacilio, REALTOR®
NC Real Estate License #349949
EXP Realty
Raleigh, NC
Office: 704.817.9826·Direct: 919.307.5529
Chris Pacilio is a licensed real estate broker in North Carolina. EXP Realty supports the principles of the Fair Housing Act and the Equal Opportunity Act. All information deemed reliable but not guaranteed and should be independently verified. Not intended to solicit properties already listed.