How does the housing market look in South Raleigh? Take a look at up-to-date home sale trends like the latest home sale prices, new listings, and more.
Market Insights
South Raleigh Raleigh, NC
Median Sale Price
$307,495
8.7%
New Listings
16
42.9%
Number of Homes Sold
24
17.2%
Median Days on Market
12
35.3%
Market Overview
All Home Types
In the last 30 days, homes for sale in South Raleigh, Raleigh, NC sold for a median price of $307,495, down 8.7% compared to the same period last year. The median price per square foot was $194.48, down 3.8% year-over-year. There were 24 homes sold, down from 29 last year.
Median
lightbulbWhat does this mean?
The median sale price helps you understand how much you should expect to spend on a home in a market. The higher the median price of the homes, the more expensive the market is overall. The rate at which home prices change is an indicator of whether homes are becoming more or less affordable in that market. Learn more about buying a home.
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Use Orchard’s free tool to get your most accurate home valuation today.
Get StartedHousing Supply
All Home Types
Yesterday, the total number of homes for sale in South Raleigh, Raleigh, NC was 47, down 41.3% compared to last year. In the last 30 days, 16 new homes were listed for sale, down 42.9% year-over-year. The median days on market was 11.5, up from 8.5 days last year. The months of supply was 0.71, up from 0.45 months last year.
lightbulbWhat does this mean?
The number of homes that are available for sale in a market tells you how much choice you have. The rate at which this number changes indicates whether the number of options are increasing or decreasing for buyers. Learn more about buying in a hot market.
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Start QuizHousing Demand
All Home Types
In the last 30 days, homes in South Raleigh, Raleigh, NC had a median sale-to-list-price ratio of 98.16%, down 5.6 pt compared to the same period last year. 20.83% of homes sold above list price, down 44.7 pt year-over-year. 25% of homes listed dropped in price, up 18.1 pt from last year.
Median
lightbulbWhat does this mean?
Sale-to-list price tells you how much you may have to pay over the asking price to buy the home you want. When this number is above 100%, you may need to pay more than the asking price for the home you want.
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Cash offers are 4x more likely to be accepted.
Orchard helps you make a stronger, cash-backed offer.
Get StartedHomes For Sale In South Raleigh
DeMuth Realty Group • MLS 2501006 • Status: Active
The Ocean Group • MLS 2500971 • Status: Coming Soon
Rich Realty Group • MLS 2500722 • Status: Active
Referral Realty US LLC • MLS 2499931 • Status: Active
EXP Realty LLC • MLS 2499708 • Status: Active
Assist 2 Sell • MLS 2497677 • Status: Active
Keaton Barrow Realty • MLS 2496786 • Status: Active
Northside Realty Inc. • MLS 2496769 • Status: Active
New Haus Agency • MLS 2495304 • Status: Active
DASH Carolina • MLS 2495137 • Status: Active
DASH Carolina • MLS 2495134 • Status: Active
Northside Realty Inc. • MLS 2494486 • Status: Active
Opendoor Brokerage LLC • MLS 2494228 • Status: Active
EXP Realty LLC • MLS 2493632 • Status: Active
Circa Properties, LLC • MLS 2493006 • Status: Active
Steele Residential • MLS 2487924 • Status: Active
Monarch Realty Co. • MLS 2487334 • Status: Active