The Southwest Raleigh housing market is somewhat competitive. Homes in Southwest Raleigh receive 4 offers on average and sell in around 26 days. The median sale price of a home in Southwest Raleigh was $353K last month, down 13.9% since last year. The median sale price per square foot in Southwest Raleigh is $239, up 0.6% since last year.
What is the housing market like in Southwest Raleigh today?
In March 2024, Southwest Raleigh home prices were down 13.9% compared to last year, selling for a median price of $353K. On average, homes in Southwest Raleigh sell after 26 days on the market compared to 51 days last year. There were 131 homes sold in March this year, up from 103 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$353,000
-13.9% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Southwest Raleigh, NC
$353,000
-13.9%
United States
To compare other locations to the Southwest Raleigh and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Raleigh add value to a home.
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How hot is the Southwest Raleigh housing market?
Southwest Raleigh is somewhat competitive. Homes sell in 25 days.
0
100
57
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 25 days.
Hot homes
can sell for about 1% above list price and go pending in around 5 days.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
7/10
Underwood Elementary
Public • K-5
448
Students
11 reviews
7/10
Combs Elementary
Public • PreK-5
875
Students
23 reviews
6/10
Wiley Elementary
Public • K-5
379
Students
16 reviews
6/10
Partnership Elementary
Public • K-5
309
Students
30 reviews
6/10
Mount Vernon
Public • K-8 • Choice school
97
Students
2 reviews
Only showing 5 of
15 elementary schools.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Southwest Raleigh housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Southwest Raleigh.
Risk Factor
Flood Factor - Moderate
12% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Southwest Raleigh has a moderate risk of flooding. 522 properties in Southwest Raleigh are likely to be
severely affected
by flooding over the next 30 years. This represents 12% of all properties in Southwest Raleigh. Flood risk is increasing slower than the national average.
59% of properties are at risk of wildfire over the next 30 years
Fire Factor
Southwest Raleigh has a moderate risk of wildfire. There are 3,139 properties in Southwest Raleigh that have some risk of being affected by wildfire over the next 30 years. This represents 59% of all properties in Southwest Raleigh.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Southwest Raleigh has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Southwest Raleigh is most at risk from hurricanes. 5,261 properties in Southwest Raleigh have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 88 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 100 mph.
79% of properties are at major
risk of heat over the next 30 years
Heat Factor
Southwest Raleigh has a major risk from heat. This is due to
"feels like" temperatures
increasing, and because 79% of homes in Southwest Raleigh have a Major Heat Factor®.
Southwest Raleigh is expected to see a 128% increase in the number of days over 105ºF over the next 30 years. Southwest Raleigh is expected to experience 6