Raleigh, NC housing market data: median home price, year-over-year appreciation, inventory, months of supply, days on market, affordability, and what it means
Raleigh, NC is currently a warm market. The median sale price sits near $442,000, up 1.9% from a year ago, with roughly 6,680 active listings and 3 months of supply. Homes are going under contract in about 39 days on average.
Raleigh, NC is currently a warm market. The median sale price sits near $442,000, up 1.9% from a year ago, with roughly 6,680 active listings and 3 months of supply. Homes are going under contract in about 39 days on average.
Affordability remains the binding constraint. At the current national average 30-year fixed rate near 6.42%, the typical payment on a median-priced home in Raleigh, NC runs about $2,878 per month including taxes and insurance, against a median rent near $2,222. That gap is what determines whether purchase conversations in this market start with payment, with price, or with a buydown structure.
Supply is still tight relative to demand, which keeps competitive offers in play on well-priced inventory. Builder incentives are limited, and permits are running near 9,021 annualized units.
For originators, the practical read is this: pre-approval speed and appraisal-gap strategy still win deals here, and Realtor partnerships should emphasize how fast you can turn a fully underwritten approval.
Raleigh, NC currently reads as a warm market with 3 months of supply. Balanced is generally considered four to six months, so this market is close to balance.
The median sale price is approximately $442,000 as of 7/24/2026, up 1.9% from a year earlier.
No. Median prices are up about 1.9% year over year, though the pace of appreciation has slowed considerably from the 2021 peak.
The typical down payment on a closed transaction is near $65,115, and the resulting payment at the current national average 30-year fixed rate is roughly $2,878 per month including taxes and insurance. Low-down-payment FHA, VA, and conventional 3% options can materially reduce the cash required.
Our directional 12-month range is +0.3% to +3.7% on median price. Confidence is moderate; the rate path is the dominant variable.
Housing Market center · Today's mortgage rates · Mortgage Central