Housing in Raleigh, NC

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — January 2026

Median Sale Price

$393,000

Median List Price

$425,000

Price Per Sq Ft

$223

Days on Market

59

Active Inventory

1,274

Months of Supply

4.9

Balanced market

Zillow Home Value

$424,924

ZHVI — January 2026

Zillow Rent Index

$1,574

ZORI — January 2026

Price Trends

Source: Redfin
Sale Price ↓ 4.4%List Price ↓ 3.4%Mar 24 → Jan 26

Market Competitiveness

Source: Redfin

Sold Above List

12.8%

Off Market in 2 Weeks

30.8%

Sale-to-List Ratio

97.7%

Buyer's market

Sold Above Asking
12.8%
Under Contract in 2 Wks
30.8%
Listings with Price Drops
31.8%

Market Activity

Source: Redfin

Homes Sold

258

New Listings

497

Pending Sales

399

Homes Sold ↓ 46.3%New Listings ↓ 17.3%Pending ↓ 27.5%Mar 24 → Jan 26

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$223

Median List $/SF

$234

Sale $/SF ↓ 3.5%List $/SF ↓ 1.3%Mar 24 → Jan 26

Raleigh vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with 250,000 - 500,000 residents. Raleigh is highlighted.

Median Home Value

Median Rent

Median Price Per Sq Ft

Rent Burden

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$377,800

Median Rent

$1,468

Total Housing Units

218,200

Vacancy Rate

9.8%

Owner Occupied

51.2%

Renter Occupied

48.8%

Median Property Tax

$2,862

per year

Monthly Cost (w/ Mortgage)

$1,522

Housing Types

Single Family
58.2%
Multi-Family
40.5%
Mobile Home
1.3%

The current median sale price in Raleigh, NC is $393,000 according to Redfin data. Homes spend a median of 59 days on the market. 12.8% of homes sold above asking price. The market has 4.9 months of supply. The median price per square foot is $223. Zillow's observed rent index is $1,574/month. About 51.2% of housing units are owner-occupied. The median year homes were built is 1996. There are 218,200 total housing units.