Raleigh, NC Real Estate & Homes for Sale | realtor.com® (2024)

FAQs

Is Raleigh real estate overpriced? ›

Raleigh's median sale price is 3% lower than the national average. Overall cost of living in Raleigh is 2% lower than the national average. Learn which home features in Raleigh add value to a home.

The average Raleigh home value is $442,852, up 3.8% over the past year and goes to pending in around 12 days.

Sale-to-list price ratio: 100% Homes in Raleigh, NC sold for approximately the asking price on average in March 2024. Raleigh, NC is a seller's market in March 2024, which means that there are more people looking to buy than there are homes available.

How much does a Real Estate Agent make in Raleigh, North Carolina? As of Apr 19, 2024, the average annual pay for a Real Estate Agent in Raleigh is $80,444 a year. Just in case you need a simple salary calculator, that works out to be approximately $38.68 an hour. This is the equivalent of $1,547/week or $6,703/month.

The most expensive area in Raleigh has the zipcode 27608, which covers the Five Points and Oberlin communities that are North of downtown. Homes here do vary in price and have been up 10% year over year.

According to a CNBC and SmartAsset study, Raleigh is in the top 25 of 100 cities with the highest income needed to live “comfortably.” SmartAsset listed Raleigh as the 23rd highest salary needed to live comfortably, with a single adult needing an average salary of $102,752 or an hourly wage of $49.40.

The median salary in Raleigh, NC is $57,817, with 80% of salaries falling between $26,986 and $139,200.

As of December 2023, Raleigh home prices were up 5.3% compared to last year, selling at a median home price of $400K. With the limited inventory, home prices tend to be higher, and in this upcoming year, the inventory is predicted to get better, but prices will not vary much.

Is the housing market in Raleigh NC in 2024? ›

Summary: The median home sold price in Raleigh was $425,075 in March 2024, up 2.3% from last year, and the median price per square foot was $229.

In line with the rest of the country, Raleigh has seen a slowdown in moving property- with more homes spending more time on the market. Here are some year-over-year comparisons for how long it has been taking homes to sell in Raleigh 2023 to Raleigh 2022.

Your Salary Potential as a North Carolina Real Estate Broker is Unlimited. Pros: You're no longer limited to the hourly wage or salary that someone has placed on your position. The harder you work as a North Carolina real estate agent, the more you can earn.

The highest-paying states for real estate brokers

According to GlassDoor, the top five states with the highest real estate broker salaries are New York, California, Nevada, Iowa, and Arizona.

Supply and Demand

Between the great schools, booming business sector, and various affordable housing options, demand remains strong in Raleigh. People are actively looking to move to the city for the opportunities it provides- and they are doing it quickly.

In February 2024, the Raleigh housing market experienced a slight dip in prices, with home prices decreasing by 2.4% compared to the previous year. According to data by Redfin, despite this, the median selling price stood at a respectable $380,000.

The months from March to June are the best time to buy a house in North Carolina. This is due to the higher inventory, increased competition among sellers, and potentially lower asking prices.