Photo: Abhiram Juvvadi · CC BY-SA 4.05,301 homes sold in Raleigh in the last year, at a typical $433K
About one sale in 3 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Raleigh homes are listed.
Every place Raleigh homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Raleigh.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
10% of Raleigh’s sales are condos, at $191K less than a house
3264 houses and 509 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 3264 sold in 12 months
- Per square foot
- $249NC $207
- Days to sell
- 38
- Sold over asking
- 21%
- Listings with a price cut
- 35%
typical sale · 509 sold in 12 months
- Per square foot
- $239NC $275
- Days to sell
- 64
- Sold over asking
- 6%
- Listings with a price cut
- 31%
Multi-family (2–4 units): 31 sold, typical $535K
Townhouses: 1497 sold, typical $334K
Too few sales in 12 months for reliable figures.
Fewer homes sell than a decade ago, at twice the 2016 price
5,301 sales in the last year, against 8,160 in 2017 and a low of 5,297 in 2025. The typical sale went from $216K in 2016 to $433K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $450K buys in Raleigh
Check a listing against what Raleigh homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Raleigh are rarer than before the pandemic, with about as many homes for sale
We read every month of Raleigh’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 5,301 sales.
If you’re buying in Raleigh
- Shop in October. It brings about 627 new listings a month, close to the busiest month, with fewer bidding wars (34% over asking).
- You can negotiate. 35% of listings have cut their price, against 18% before the pandemic.
- Bid near asking. Buyers paid 98.2% of the list price on average; 16% paid over.
- You’ll usually have time. Only 34% of homes go under contract within two weeks; the typical one takes 43 days.
Spring brings both the most homes and the most bidding wars
April has the most new listings (about 781 a month), but May is the most competitive: 43% of May sales close over asking. September and October offer nearly as much choice with fewer homes bid up (36%). January has the least competition (29%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like North Carolina as a whole
| Raleigh now | 2017–19 | 2021 peak | NC now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 16% | 37% | 65% | 17% |
| Gone within two weeksShare of homes under contract within 14 days | 34% | 40% | 64% | 30% |
| Listings with a price cutShare of homes for sale that cut their price | 35% | 18% | 10% | 27% |
| Price paid vs. askingAverage sale price ÷ list price | 98.2% | 99.5% | 103.6% | 97.8% |
| Days to sellMedian days from listing to contract | 43 | 45 | 35 | 62 |
1542 homes for sale on a typical day
That’s 1.7 times the 2023 low (906), about the 2017–19 level and well under 2012’s 2759.
1 in 3 listings has cut its price
35% in the last year, against 18% in 2017–19 and 27% across North Carolina. More sellers are pricing high and coming down.
Since 2019, houses are up 65%, condos 82%
A house typically sold for $509K in the last year (3264 sales), a condo for $318K (509).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Raleigh ranks 96th of 224 busy North Carolina markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Raleigh is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Raleigh home costs about $2,524 a month
Price: Raleigh’s typical sale, last 12 months. Property tax at Raleigh’s 0.7% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Raleigh is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in April
The month with the most choice. December has the fewest, about 337.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $433K home, about $3,180 a year.
Taxes vs. neighborsSchools
The schools grade for Raleigh, from test results, graduation and how much students grow.
Schools in RaleighCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Knightdale, Garner, Rolesville and Wake Forest sell for less a square foot
The busier markets within 25 miles of Raleigh, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Raleigh | 5,301 | $433K | $230 | 16% | 43 |
| Cary | 2,119 | $630K | $261 | 22% | 36 |
| Garner | 1,073 | $408K | $188 | 9% | 58 |
| Wake Forest | 914 | $475K | $198 | 13% | 48 |
| Knightdale | 497 | $407K | $182 | 9% | 68 |
| Rolesville | 487 | $436K | $195 | 9% | 67 |
| Morrisville | 194 | $548K | $246 | 11% | 49 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Raleigh, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Raleigh. People who follow the town see it, and so do people comparing Raleigh with their own town. No commission, no listing fee.
Questions about buying a home in Raleigh
What do homes sell for in Raleigh, NC?
5,301 homes sold in the year to May 2026 at a typical $433K, $230 a square foot. Houses sold for about $509K, condos for about $318K.
Is Raleigh a buyer’s or seller’s market?
A seller’s market: 1632 homes were for sale in May 2026 and 525 sold, about 3.1 months of supply. Buyers paid 98.2% of asking on average, and 35% of listings cut their price.
When is the best time to buy in Raleigh?
April brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Raleigh?
About 0.7% of a home’s value a year. On a $433K home that’s near $3,180.
Where can I see homes for sale in Raleigh?
Zillow, Redfin, Realtor.com and Homes.com all carry Raleigh’s MLS listings; the search links above open each one filtered to Raleigh.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).