How does the housing market look in Southwest Raleigh? Take a look at up-to-date home sale trends like the latest home sale prices, new listings, and more.
Market Insights
Southwest Raleigh Raleigh, NC
Median Sale Price
$414,500
41.5%
New Listings
25
8.7%
Number of Homes Sold
14
22.2%
Median Days on Market
31
552.6%
Market Overview
All Home Types
In the last 30 days, homes for sale in Southwest Raleigh, Raleigh, NC sold for a median price of $414,500, up 41.5% compared to the same period last year. The median price per square foot was $220.87, same year-over-year. There were 14 homes sold, down from 18 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 Southwest Raleigh, Raleigh, NC was 52, down 1.9% compared to last year. In the last 30 days, 25 new homes were listed for sale, up 8.7% year-over-year. The median days on market was 31, up from 4.75 days last year. The months of supply was 1.93, up from 0.72 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 Southwest Raleigh, Raleigh, NC had a median sale-to-list-price ratio of 96.07%, down 7.5 pt compared to the same period last year. 14.29% of homes sold above list price, down 46.8 pt year-over-year. 42.86% of homes listed dropped in price, up 31.7 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 Southwest Raleigh
DASH Carolina • MLS 2501122 • Status: Active
Glenwood Agency, LLC • MLS 2500992 • Status: Active
Mynd Management • MLS 2500983 • Status: Coming Soon
Choice Residential Real Estate • MLS 2500931 • Status: Active
Choice Residential Real Estate • MLS 2499570 • Status: Active
Compass -- Raleigh • MLS 2499474 • Status: Active
Opendoor Brokerage LLC • MLS 2499142 • Status: Active
Skyview Realty, Inc. • MLS 2498085 • Status: Active
Berkshire Hathaway HomeServices YSU • MLS 2497176 • Status: Active
Glenwood Agency, LLC • MLS 2490718 • Status: Active
Glenwood Agency, LLC • MLS 2490656 • Status: Active
Compass -- Cary • MLS 2489510 • Status: Active
RE/MAX Advantage • MLS 2488499 • Status: Active
RED Realty Group, Inc. • MLS 2488131 • Status: Active
Powell Realty • MLS 2485877 • Status: Active
Skyview Realty, Inc. • MLS 2484703 • Status: Active
Raleigh Realty • MLS 2484641 • Status: Active
Skyview Realty, Inc. • MLS 2483125 • Status: Active
Coldwell Banker Advantage • MLS 2480772 • Status: Active
Compass -- Cary • MLS 2444221 • Status: Active