The Raleigh housing market is somewhat competitive. The median sale price of a home in Raleigh was $155K last month, up 0.9% since last year. The median sale price per square foot in Raleigh is $109, up 21.1% since last year.
In March 2024, Raleigh home prices were up 0.9% compared to last year, selling for a median price of $155K. On average, homes in Raleigh sell after 43 days on the market compared to 32 days last year. There were 94 homes sold in March this year, up from 79 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$154,950
+0.9% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Raleigh, TN
$154,950
+0.9%
United States
To compare other locations to the Raleigh and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Memphis add value to a home.
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How hot is the Raleigh housing market?
Raleigh is somewhat competitive. Homes sell in 35.5 days.
0
100
50
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 5% below list price and go pending in around 36 days.
Hot homes
can sell for around list price and go pending in around 13 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 Raleigh housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Raleigh.
Risk Factor
Flood Factor - Minor
11% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Raleigh has a minor risk of flooding. 998 properties in Raleigh are likely to be
severely affected
by flooding over the next 30 years. This represents 11% of all properties in Raleigh. Flood risk is increasing slower than the national average.
25% of properties are at risk of wildfire over the next 30 years
Fire Factor
Raleigh has a moderate risk of wildfire. There are 4,067 properties in Raleigh that have some risk of being affected by wildfire over the next 30 years. This represents 25% of all properties in Raleigh.
99% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
Raleigh has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Raleigh is most at risk from hurricanes. 15,713 properties in 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 72 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 81 mph.