Raleigh Real Estate Market Report
- July 2026
Data covers single family homes and townhouses only. Excludes condos, multifamily, and land. Median sale price from Wake County Register of Deeds May 2026 ($465K). YoY from News Observer November 2025. Inventory from News Observer November 2025.
Market Snapshot
RALEIGH BY THE NUMBERS
Median Sales Price
$530,000
Single family & townhouse
Closed Sales
2,163
Single family & townhouse
Median Days on Market
17
Single family & townhouse
List Price Received
98.8%
Single family & townhouse
Median Sold $/Sq Ft
$247
Single family & townhouse
New Listings
3,361
Single family & townhouse
Analysis
RALEIGH MARKET TREND
Raleigh is the Triangle's anchor - steady appreciation, massive volume, and a market that never sleeps.
Raleigh remains the engine of the Triangle housing market, with roughly 1,800+ homes selling per month and a median sale price of approximately $465,000. Year-over-year price appreciation of about 2.2% is moderate and sustainable - a welcome change from the 15-25% annual jumps of 2021-2022.
Active inventory has expanded to roughly 1,758 listings, giving buyers more options than they've had in years. Months of supply sits at about 3.3 - solidly in balanced-market territory. This is the healthiest the Raleigh market has been since 2019 in terms of giving both buyers and sellers realistic expectations.
The range of price points in Raleigh is enormous. North Raleigh near Wake Forest trades in the $400K-$600K range. Downtown and Five Points command $600K-$1.2M. Southeast Raleigh offers more affordable options in the $250K-$375K range. South Raleigh - particularly the areas along Wake Union Church Road - is seeing some of the most aggressive new construction activity in the Triangle.
As the state capital and home to NC State University, Raleigh has a diversified economic base that provides resilience. Tech companies, healthcare systems, government agencies, and universities all contribute to housing demand, which means no single employer downturn can crash the market.
What This Means for Buyers
Raleigh gives you options. Whether you're a first-time buyer looking at townhomes in the $275K-$350K range or a relocating executive targeting a $700K+ custom home, there's inventory. The key is narrowing your search to two or three neighborhoods - Raleigh is too spread out to "just look around." Decide what matters (schools, commute, nightlife, lot size) and focus there.
What This Means for Sellers
Raleigh's volume works in your favor - there are always buyers. But volume also means competition. Your home is one of 1,758 listings. Professional photography, a pre-listing inspection, and realistic pricing are table stakes, not luxuries. Homes that check those boxes are selling within 30-40 days.
Need the Full Picture?
GET YOUR RALEIGH MARKET ANALYSIS
These numbers are just the starting point. For a personalized breakdown of how current market conditions affect your goals - whether buying, selling, or relocating - talk to someone who knows this market inside and out.
Report last updated: July 2026 · Data sourced from publicly available MLS records, Wake County Register of Deeds, and brokerage market reports · Deemed reliable but not guaranteed