The Northwest Raleigh housing market is very competitive. Homes in Northwest Raleigh receive 5 offers on average and sell in around 17.5 days. The median sale price of a home in Northwest Raleigh was $455K last month, down 4.2% since last year. The median sale price per square foot in Northwest Raleigh is $250, up 3.3% since last year.
What is the housing market like in Northwest Raleigh today?
In April 2024, Northwest Raleigh home prices were down 4.2% compared to last year, selling for a median price of $455K. On average, homes in Northwest Raleigh sell after 18 days on the market compared to 41 days last year. There were 163 homes sold in April this year, down from 191 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$455,000
-4.2% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Northwest Raleigh, NC
$455,000
-4.2%
United States
To compare other locations to the Northwest 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 Northwest Raleigh housing market?
Northwest Raleigh is very competitive. Homes sell in 10.5 days.
0
100
80
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 11 days.
Hot homes
can sell for about 3% above list price and go pending in around 3 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 Northwest Raleigh housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Northwest Raleigh.
Risk Factor
Flood Factor - Moderate
13% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Northwest Raleigh has a moderate risk of flooding. 2,710 properties in Northwest Raleigh are likely to be
severely affected
by flooding over the next 30 years. This represents 13% of all properties in Northwest Raleigh. Flood risk is increasing slower than the national average.
71% of properties are at risk of wildfire over the next 30 years
Fire Factor
Northwest Raleigh has a moderate risk of wildfire. There are 20,748 properties in Northwest Raleigh that have some risk of being affected by wildfire over the next 30 years. This represents 71% of all properties in Northwest Raleigh.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Northwest Raleigh has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Northwest Raleigh is most at risk from hurricanes. 28,937 properties in Northwest 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 90 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 102 mph.
96% of properties are at major
risk of heat over the next 30 years
Heat Factor
Northwest Raleigh has a major risk from heat. This is due to
"feels like" temperatures
increasing, and because 96% of homes in Northwest Raleigh have a Major Heat Factor®.
Northwest Raleigh is expected to see a 128% increase in the number of days over 105ºF over the next 30 years. Northwest Raleigh is expected to experience 6