The North Raleigh housing market is very competitive. Homes in North Raleigh receive 4 offers on average and sell in around 24 days. The median sale price of a home in North Raleigh was $425K last month, up 4.7% since last year. The median sale price per square foot in North Raleigh is $233, up 2.6% since last year.
What is the housing market like in North Raleigh today?
In March 2024, North Raleigh home prices were up 4.7% compared to last year, selling for a median price of $425K. On average, homes in North Raleigh sell after 24 days on the market compared to 46 days last year. There were 275 homes sold in March this year, up from 252 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$425,000
+4.7% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
North Raleigh, NC
$425,000
+4.7%
United States
To compare other locations to the North 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 North Raleigh housing market?
North Raleigh is very competitive. Homes sell in 20 days.
0
100
70
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 around list price and go pending in around 20 days.
Hot homes
can sell for about 2% above list price and go pending in around 4 days.
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 North Raleigh housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in North Raleigh.
Risk Factor
Flood Factor - Moderate
16% of properties are at risk of severe flooding over the next 30 years
Flood Factor
North Raleigh has a moderate risk of flooding. 3,743 properties in North Raleigh are likely to be
severely affected
by flooding over the next 30 years. This represents 16% of all properties in North Raleigh. Flood risk is increasing slower than the national average.
46% of properties are at risk of wildfire over the next 30 years
Fire Factor
North Raleigh has a moderate risk of wildfire. There are 14,043 properties in North Raleigh that have some risk of being affected by wildfire over the next 30 years. This represents 46% of all properties in North Raleigh.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
North Raleigh has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. North Raleigh is most at risk from hurricanes. 30,264 properties in North 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 101 mph.