The Northeast Raleigh housing market is somewhat competitive. Homes in Northeast Raleigh receive 2 offers on average and sell in around 28 days. The median sale price of a home in Northeast Raleigh was $363K last month, down 2.8% since last year. The median sale price per square foot in Northeast Raleigh is $194, down 8.9% since last year.
What is the housing market like in Northeast Raleigh today?
In October 2024, Northeast Raleigh home prices were down 2.8% compared to last year, selling for a median price of $363K. On average, homes in Northeast Raleigh sell after 28 days on the market compared to 34 days last year. There were 267 homes sold in October this year, down from 317 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$362,500
-2.8% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Northeast Raleigh, NC
$362,500
-2.8%
United States
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How hot is the Northeast Raleigh housing market?
Northeast Raleigh is somewhat competitive. Homes sell in 33 days.
0
100
66
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 3 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 33 days.
Hot homes
can sell for around list price and go pending in around 9 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 Northeast Raleigh housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Northeast Raleigh.
Flood Factor - Minor
9% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Northeast Raleigh has a minor risk of flooding. 993 properties in Northeast Raleigh are likely to be
severely affected
by flooding over the next 30 years. This represents 9% of all properties in Northeast Raleigh. Flood risk is increasing slower than the national average.
35% of properties are at risk of wildfire over the next 30 years
Fire Factor
Northeast Raleigh has a moderate risk of wildfire. There are 5,441 properties in Northeast Raleigh that have some risk of being affected by wildfire over the next 30 years. This represents 35% 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. 15,267 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.
73% 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 73% 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