The Olde East Raleigh housing market is somewhat competitive. The median sale price of a home in Olde East Raleigh was $295K last month, down 45.9% since last year. The median sale price per square foot in Olde East Raleigh is $361, up 40.7% since last year.
What is the housing market like in Olde East Raleigh today?
In March 2024, Olde East Raleigh home prices were down 45.9% compared to last year, selling for a median price of $295K. On average, homes in Olde East Raleigh sell after 50 days on the market compared to 52 days last year. There were 1 homes sold in March this year, down from 7 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$295,000
-45.9% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Olde East Raleigh, NC
$295,000
-45.9%
United States
To compare other locations to the Olde East 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 Olde East Raleigh housing market?
Olde East Raleigh is somewhat competitive. Homes sell in 42 days.
0
100
37
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 12 months
Some homes get multiple offers.
The average homes sell for about 4% below list price and go pending in around 42 days.
Hot homes
can sell for around list price and go pending in around 15 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 Olde East Raleigh housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Olde East Raleigh.
Risk Factor
Flood Factor - Moderate
8% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Olde East Raleigh has a moderate risk of flooding. 74 properties in Olde East Raleigh are likely to be
severely affected
by flooding over the next 30 years. This represents 8% of all properties in Olde East Raleigh. Flood risk is increasing slower than the national average.
3% of properties are at risk of wildfire over the next 30 years
Fire Factor
Olde East Raleigh has a minor risk of wildfire. There are 41 properties in Olde East Raleigh that have some risk of being affected by wildfire over the next 30 years. This represents 3% of all properties in Olde East Raleigh.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Olde East Raleigh has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Olde East Raleigh is most at risk from hurricanes. 1,064 properties in Olde East 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 84 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 96 mph.
86% of properties are at major
risk of heat over the next 30 years
Heat Factor
Olde East Raleigh has a major risk from heat. This is due to
"feels like" temperatures
increasing, and because 86% of homes in Olde East Raleigh have a Major Heat Factor®.
Olde East Raleigh is expected to see a 142% increase in the number of days over 105ºF over the next 30 years. Olde East Raleigh is expected to experience 7