North Raleigh Housing Market Report April 2025Wake County, North Carolina

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Housing Prices in North Raleigh, NC

How much do homes in North Raleigh, NC cost?

Housing Market Conditions

Is North Raleigh, NC a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

North Raleigh is a Seller's Market

Difference Since April 2024

Since last year, North Raleigh has remained a Seller's Market.

Insight

North Raleigh is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$479,991$236/SqFt
+$37,102
+8.4%

Based on all homes sold in the last 12 months

Insight

Homes in North Raleigh have sold for 8.4% more than they did a year ago.

Summary: The median home sold price in North Raleigh was $479,991 in April 2025, up 8.4% from last year, and the median price per square foot was $236.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsApr 2024Apr 2025Change YoY
1$229K$220.2K
-3.8%
2$292K$290K
-0.7%
3$421.8K$440K
+4.3%
4$591.2K$600K
+1.5%
5$870K$880K
+1.1%

Summary: North Raleigh housing price by bedroom type for April 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -3.8%. The home price for 2 bedroom homes decreased by -0.7%. The home price for 3 bedroom homes increased by +4.3%. The home price for 4 bedroom homes increased by +1.5%. The home price for 5 bedroom homes increased by +1.1%.

How does North Raleigh, NC compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

North Raleigh, NC

Housing supply in North Raleigh, NC

How many homes are available in North Raleigh, NC?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
369Last MonthApr 2025
3452 months agoMar 2025
+7.0 %
Change MoMMar – Apr

Summary: The North Raleigh real estate market had 369 homes for sale in Apr 2025, a 7.0 % increase compared to Mar 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
97Last MonthApr 2025
752 months agoMar 2025
+29.3 %
Change MoMMar – Apr

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsMar 2025Apr 2025Change MoM
123
+50.0%
26769
+3.0%
3143164
+14.7%
54749
+4.3%
48684
-2.3%

Summary: North Raleigh housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +50.0%. The inventory for 2 bedroom homes increased by +3.0%. The inventory for 3 bedroom homes increased by +14.7%. The inventory for 5 bedroom homes increased by +4.3%. The inventory for 4 bedroom homes decreased by -2.3%.

Asking Price vs. Sold Price

How much do homes in North Raleigh, NC cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price27 Homes

At Asking Price19 Homes

Under Asking Price51 Homes

Insight

If you're buying a home in North Raleigh, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.

Summary: A total of 97 homes were sold or pending in North Raleigh in April 2025, up by 29.3% month-over-month. Of the 97 sold homes, 53% were sold under asking, 20% were sold at asking, and and 28% were sold over asking.

Days on Market for North Raleigh, NC

How long does it take to sell a home in North Raleigh, NC?

Breakdown of Home Sale Times

Under 30 Days66 Homes

30 – 90 Days21 Homes

Over 90 Days10 Homes

Insight

Many homes in North Raleigh are selling fast, if you're buying plan to act quickly.

Summary: During April 2025, 97 homes were sold in North Raleigh; 68% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
33 DaysThis YearApr 2025
18 Days1 year agoApr 2024
+79.3 %
Change YoYApr 2024 – Apr 2025

Summary: Homes in North Raleigh had an average listing age of 33 days in Apr 2025, up by 79.3% compared to the previous year.

Newest Listings in North Raleigh, NC

What homes are available in North Raleigh, NC?

Nearby markets

Nearby markets aren't available for North Raleigh, NC

MLS Disclaimers and Copyright

Based on information from Doorify MLS, and Canopy MLS for the period 05/01/2023 - 05/01/2025

IDX Copyright © 2025 Doorify MLS of North Carolina. All rights reserved. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use.

Properties subject to prior sale, change, withdrawal or rental. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/9/2025, 12:50:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Listings courtesy of Canopy MLS as distributed by MLS GRID.

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Copyright © 2025 MLS GRID.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/8/2025, 11:51:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.