The Northeast Raleigh housing market is very competitive. Homes in Northeast Raleigh receive 2 offers on average and sell in around 24 days. The median sale price of a home in Northeast Raleigh was $350K last month, down 4.9% since last year. The median sale price per square foot in Northeast Raleigh is $202, up 4.4% since last year.
What is the housing market like in Northeast Raleigh today?
In March 2024, Northeast Raleigh home prices were down 4.9% compared to last year, selling for a median price of $350K. On average, homes in Northeast Raleigh sell after 24 days on the market compared to 47 days last year. There were 221 homes sold in March this year, down from 331 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$350,000
-4.9% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Northeast Raleigh, NC
$350,000
-4.9%
United States
To compare other locations to the Northeast 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.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Northeast Raleigh housing market?
Northeast Raleigh is very competitive. Homes sell in 22 days.
0
100
72
Very 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
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 22 days.
Hot homes
can sell for around list price and go pending in around 7 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
Abbott's Creek Elementary School
Public • PreK-5
858
Students
10 reviews
6/10
Fox Road Elementary
Public • K-5
441
Students
18 reviews
5/10
Wildwood Forest Elementary
Public • PreK-5
655
Students
12 reviews
5/10
Beaverdam Elementary
Public • PreK-5
794
Students
N/A
5/10
Brentwood Elementary
Public • PreK-5
421
Students
13 reviews
Only showing 5 of
12 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 Northeast Raleigh housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Northeast Raleigh.
Risk Factor
Flood Factor - Moderate
10% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Northeast Raleigh has a moderate risk of flooding. 1,085 properties in Northeast Raleigh are likely to be
severely affected
by flooding over the next 30 years. This represents 10% of all properties in Northeast Raleigh. Flood risk is increasing slower than the national average.
66% of properties are at risk of wildfire over the next 30 years
Fire Factor
Northeast Raleigh has a moderate risk of wildfire. There are 9,864 properties in Northeast Raleigh that have some risk of being affected by wildfire over the next 30 years. This represents 66% of all properties in Northeast Raleigh.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Northeast Raleigh has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Northeast Raleigh is most at risk from hurricanes. 14,811 properties in Northeast 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 91 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 105 mph.
72% of properties are at major
risk of heat over the next 30 years
Heat Factor
Northeast Raleigh has a major risk from heat. This is due to
"feels like" temperatures
increasing, and because 72% of homes in Northeast Raleigh have a Major Heat Factor®.
Northeast Raleigh is expected to see a 142% increase in the number of days over 105ºF over the next 30 years. Northeast Raleigh is expected to experience 7