Real Estate Market Update for Raleigh, NC
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 7% from one year earlier, and down 10% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 450-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 10%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 270-thousand dollars. The number of units sold increased 12% year-over-year, and increased 22% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Raleigh, NC

Area Information for Raleigh, NC
  • Population: 454,496
  • Median Age: 35.86 yr
  • Median Commute Time: 22 mins
  • Educational Climate*: 4
  • Sales Tax: 0%
  • Population Density: 3,107/sq mi
  • Population Change Since 2000: 52.94%
  • Closest Airport: Raleigh-durham International
  • Closest College: Peace College
  • Closest Jr. College: Wake Technical Community College
  • Median Household Income: $66,119
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $281,000
  • Closest Major Sports Team: Carolina Hurricanes
  • Change Avg. Household Income Since 2000: 50.72%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Raleigh, NC
Median Age: 35.86 Married: 32% Number of Households: 184,532 Households with Children: 50,950
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Raleigh, NC

      School Name Distance Type Grades School Rating
      Root Elementary School 0.6 mi Public PRESCHOOL-5 4
      Oberlin Magnet Middle School 0.9 mi Public 6-8 4
      Brooks Elementary 1.3 mi Public PRESCHOOL-5 2
      Lacy Elementary 1.3 mi Public PRESCHOOL-5 4
      Carroll Middle 1.5 mi Public 6-8 2
      Our Lady Of Lourdes Catholic School 1.5 mi Catholic K-8 0
      Trilogy School 1.6 mi Private 2-12 0
      Martin Middle 1.7 mi Public 6-8 4
      Joyner Elementary 1.8 mi Public PRESCHOOL-5 4
      Stough Elementary 1.9 mi Public K-5 2
      Underwood Elementary 1.9 mi Public K-5 4
      Douglas Elementary 2.1 mi Public PRESCHOOL-5 2
      Sanderson High 2.3 mi Public 9-12 3
      Raleigh Charter High School 2.3 mi Public 9-12 5
      Iron Academy 2.3 mi Private 6-12 0
      Olds Elementary 2.4 mi Public K-5 4
      Needham Broughton High 2.6 mi Public 9-12 3
      Partnership Elementary 2.6 mi Public K-5 2
      Conn Elementary 2.9 mi Public PRESCHOOL-5 3
      Wiley Magnet Elementary 3.0 mi Public K-5 3
      An-noor School 3.0 mi Private 3-8 0
      Torchlight Academy 3.1 mi Public K-8 2
      Jeffreys Grove Elementary 3.1 mi Public PRESCHOOL-5 5
      Lynn Road Elementary 3.1 mi Public PRESCHOOL-5 2
      Gov Morehead School 3.2 mi Public K-12 1
      Wake Young Women's Leadership Academy 3.2 mi Public 6-12 0
      Exploris 3.3 mi Public K-8 5
      Youthbuild - Capital Area Workforce 3.5 mi Public 10- 0
      Brentwood Elementary 3.6 mi Public K-5 1
      Moore Square Museum Magnet Mid 3.7 mi Public 6-8 4
      Wake Stem Early College High School 3.7 mi Public 9-12 0
      Wake Young Men's Leadership Academy 3.8 mi Public 8-12 0
      Powell Elementary 3.9 mi Public PRESCHOOL-5 1
      Nc Virtual Public School 4.0 mi Public 9-9 0
      Hunter Elementary School 4.1 mi Public K-5 4
      Millbrook High 4.1 mi Public 9-12 3
      Ligon Middle 4.2 mi Public 6-8 4
      Washington Elementary 4.2 mi Public K-5 4
      Combs Elementary 4.3 mi Public PRESCHOOL-5 4
      North Ridge Elementary 4.3 mi Public K-5 3
      William G Enloe High 4.4 mi Public 9-12 4
      Lead Mine Elementary 4.4 mi Public K-5 3
      Ravenscroft School 4.5 mi Private PRESCHOOL-12 0
      Hilburn Academy Elementary 4.6 mi Public PRESCHOOL-8 3
      Poe Elementary 4.7 mi Public PRESCHOOL-5 1
      Carnage Middle 4.8 mi Public 6-8 4
      Athens Drive High 4.8 mi Public 9-12 3
      Wilburn Elementary 4.8 mi Public PRESCHOOL-5 1
      Raleigh Oak Charter School 4.9 mi Public K-6 2
      West Millbrook Middle 5.0 mi Public 6-8 2
      Learn With The Best 5.0 mi Private K-10 0
      Centennial Campus Middle 5.1 mi Public 6-8 1
      Casa Esperanza Montessori 5.1 mi Public PRESCHOOL-8 3
      East Millbrook Middle 5.2 mi Public 6-8 1
      Central Wake Charter High 5.2 mi Public 9-12 0
      Vernon Malone College And Career Academy 5.2 mi Public 9-12 0
      Quest Academy 5.2 mi Public K-8 5
      Southeast Raleigh Elementary 5.2 mi Public PRESCHOOL-5 0
      Leesville Road Elementary 5.4 mi Public K-5 4
      Leesville Road Middle 5.5 mi Public 6-8 4
      Leesville Road High 5.5 mi Public 9-12 4
      Magellan Charter 5.8 mi Public 3-8 5
      Baileywick Road Elementary 5.8 mi Public PRESCHOOL-5 1
      York Elementary 5.9 mi Public PRESCHOOL-5 3
      Connections Academy Middle School 6.1 mi Public 6-8 0
      Dillard Drive Elementary 6.3 mi Public K-5 2
      Longleaf School Of The Arts 6.3 mi Public 9-12 4
      Dillard Drive Middle 6.3 mi Public 6-8 2
      Southeast Raleigh High 6.3 mi Public 9-12 1
      Upper Room Christian Academy 6.7 mi Private PRESCHOOL-PRESCHOOL 0
      Pave Southeast Raleigh Elementary 6.7 mi Public K-4 1
      Fox Road Elementary 6.8 mi Public K-5 2
      Durant Road Middle 6.8 mi Public 6-8 3
      Pine Hollow Middle School 6.9 mi Public 6-8 5
      Swift Creek Elementary 6.9 mi Public K-5 2
      Durant Road Elementary 6.9 mi Public K-5 2
      Abbotts Creek Elementary School 6.9 mi Public PRESCHOOL-5 4
      Walnut Creek Elementary School 7.0 mi Public PRESCHOOL-5 0
      Preeminent Charter School 7.1 mi Public K-8 2
      Yates Mill Elementary 7.1 mi Public PRESCHOOL-5 4
      Rogers Lane Elementary 7.2 mi Public K-5 0
      River Bend Elementary 7.4 mi Public PRESCHOOL-5 1
      Beaverdam Elementary 7.5 mi Public PRESCHOOL-5 1
      Brassfield Elementary 7.5 mi Public K-5 4
      Sycamore Creek Elementary 7.6 mi Public K-5 5
      River Bend Middle School 7.7 mi Public 6-8 1
      Wildwood Forest Elementary 7.8 mi Public K-5 1
      Smith Elementary 7.9 mi Public PRESCHOOL-5 1
      Pleasant Union Elementary 8.7 mi Public K-5 5
      Neuse River Middle School 8.8 mi Public 6-8 1
      Harris Creek Elementary 9.0 mi Public PRESCHOOL-5 3
      Brier Creek Elementary 9.6 mi Public PRESCHOOL-5 2
      Wakefield Elementary 9.9 mi Public PRESCHOOL-5 2
      Wakefield Middle 9.9 mi Public 6-8 4
      Wakefield High 9.9 mi Public 9-12 3
      Oak Grove Elementary 10.4 mi Public K-5 4
      Forest Pines Elementary 10.8 mi Public PRESCHOOL-5 3
      North Forest Pines Elementary 10.8 mi Public PRESCHOOL-5 4
      Vance Elementary 11.9 mi Public PRESCHOOL-5 3
      Banks Road Elementary 13.7 mi Public PRESCHOOL-5 3
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.
      Local Weather for Raleigh, NC
        Data powered by Attom Data Solutions. Copyright© 2021. Information deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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