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: 449,258
  • Median Age: 35.12 yr
  • Median Commute Time: 22 mins
  • Educational Climate*: 4
  • Sales Tax: 0%
  • Population Density: 3,087/sq mi
  • Population Change Since 2000: 53.08%
  • Closest Airport: Raleigh-durham International
  • Closest College: Peace College
  • Closest Jr. College: Wake Technical Community College
  • Median Household Income: $61,541
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $266,000
  • Closest Major Sports Team: Carolina Hurricanes
  • Change Avg. Household Income Since 2000: 39.29%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Raleigh, NC
Median Age: 35.12 Married: 33% Number of Households: 182,556 Households with Children: 52,207
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 Parent Rating
      Daniels Middle 0.7 mi Public 6-8 4 0
      Lacy Elementary 1.0 mi Public PRESCHOOL-5 4 0
      Olds Elementary 1.0 mi Public K-5 4 0
      Martin Middle 1.1 mi Public 6-8 4 0
      Underwood Elementary 1.2 mi Public K-5 4 0
      Raleigh Charter High School 1.3 mi Public 9-12 5 0
      Needham Broughton High 1.4 mi Public 9-12 3 0
      St. David's School 1.5 mi Private PRESCHOOL-12 0 0
      Partnership Elementary 1.5 mi Public K-5 2 0
      Root Elementary School 1.5 mi Public PRESCHOOL-5 4 0
      Wake Young Women's Leadership Academy 1.9 mi Public 6-12 0 0
      Gov Morehead School 1.9 mi Public K-12 1 0
      Saint Mary's School 1.9 mi Private 9-12 0 0
      Joyner Elementary 1.9 mi Public PRESCHOOL-5 4 0
      Our Lady Of Lourdes Catholic School 2.0 mi Catholic K-8 0 0
      Exploris 2.1 mi Public K-8 5 0
      Sacred Heart Cathedral School 2.2 mi Catholic PRESCHOOL-8 0 0
      Wake Stem Early College High School 2.3 mi Public 9-12 0 0
      Stough Elementary 2.6 mi Public K-5 2 0
      Moore Square Museum Magnet Mid 2.7 mi Public 6-8 4 0
      Brooks Elementary 2.7 mi Public PRESCHOOL-5 2 0
      St. Timothy's School 2.8 mi Private PRESCHOOL-8 0 0
      Carroll Middle 2.8 mi Public 6-8 2 0
      Combs Elementary 3.0 mi Public PRESCHOOL-5 4 0
      Washington Elementary 3.0 mi Public K-5 4 0
      Phillips High 3.1 mi Public 9-12 0 0
      Douglas Elementary 3.2 mi Public PRESCHOOL-5 2 0
      Ligon Middle 3.2 mi Public 6-8 4 0
      Hunter Elementary School 3.2 mi Public K-5 4 0
      York Elementary 3.3 mi Public PRESCHOOL-5 3 0
      Cardinal Gibbons High School 3.4 mi Catholic 9-12 0 0
      Athens Drive High 3.6 mi Public 9-12 3 0
      Torchlight Academy 3.6 mi Public K-8 2 0
      Carnage Middle 3.7 mi Public 6-8 4 0
      Sanderson High 3.7 mi Public 9-12 3 0
      William G Enloe High 3.8 mi Public 9-12 4 0
      Centennial Campus Middle 3.8 mi Public 6-8 1 0
      Fletcher Academy 4.0 mi Private 3-12 0 0
      Vernon Malone College And Career Academy 4.0 mi Public 9-12 0 0
      Fuller Elementary 4.3 mi Public K-5 3 0
      Brentwood Elementary 4.3 mi Public K-5 1 0
      Jeffreys Grove Elementary 4.5 mi Public PRESCHOOL-5 5 0
      Lynn Road Elementary 4.5 mi Public PRESCHOOL-5 1 0
      Friendship Christian School 4.5 mi Private PRESCHOOL-12 0 0
      Wake Early College Of Health And Sciences 4.8 mi Public 9-12 0 0
      Montessori School Of Raleigh 4.9 mi Private PRESCHOOL-12 0 0
      Grace Christian School 4.9 mi Private K-12 0 0
      Longleaf School Of The Arts 5.0 mi Public 9-12 4 0
      Raleigh Christian Academy 5.0 mi Private PRESCHOOL-12 0 0
      Dillard Drive Elementary 5.0 mi Public K-5 2 0
      Dillard Drive Middle 5.1 mi Public 6-8 2 0
      Wilburn Elementary 5.2 mi Public PRESCHOOL-5 1 0
      Millbrook High 5.3 mi Public 9-12 3 0
      Southeast Raleigh High 5.3 mi Public 9-12 1 0
      St. Thomas More Academy 5.5 mi Catholic 9-12 0 0
      Hilburn Academy Elementary 5.5 mi Public PRESCHOOL-8 3 0
      Word Of God Christian Academy 5.5 mi Private K-12 0 0
      Pave Southeast Raleigh Elementary 5.6 mi Public K-4 1 0
      Swift Creek Elementary 5.6 mi Public K-5 2 0
      North Ridge Elementary 5.7 mi Public K-5 3 0
      Yates Mill Elementary 5.8 mi Public PRESCHOOL-5 4 0
      Lead Mine Elementary 5.9 mi Public K-5 3 0
      Ravenscroft School 5.9 mi Private PRESCHOOL-12 0 0
      Neuse Christian Academy 6.0 mi Private K-12 0 0
      Conn Elementary 6.1 mi Public PRESCHOOL-5 3 0
      Preeminent Charter School 6.2 mi Public K-8 2 0
      Casa Esperanza Montessori 6.2 mi Public PRESCHOOL-8 3 0
      Raleigh Oak Charter School 6.3 mi Public K-5 2 0
      Leesville Road Elementary 6.4 mi Public K-5 4 0
      West Millbrook Middle 6.4 mi Public 6-8 2 0
      Leesville Road Middle 6.5 mi Public 6-8 4 0
      Leesville Road High 6.6 mi Public 9-12 4 0
      Quest Academy 6.6 mi Public K-8 5 0
      Wake Christian Academy 7.0 mi Private K-12 0 0
      Magellan Charter 7.2 mi Public 3-8 5 0
      Baileywick Road Elementary 7.2 mi Public PRESCHOOL-5 1 0
      Trinity Academy Of Raleigh 7.4 mi Private PRESCHOOL-12 0 0
      Fox Road Elementary 7.7 mi Public K-5 2 0
      Pine Hollow Middle School 7.8 mi Public 6-8 5 0
      Beaverdam Elementary 7.9 mi Public PRESCHOOL-5 1 0
      Durant Road Middle 8.1 mi Public 6-8 3 0
      Durant Road Elementary 8.2 mi Public K-5 2 0
      Abbotts Creek Elementary School 8.2 mi Public PRESCHOOL-5 4 0
      River Bend Elementary 8.2 mi Public PRESCHOOL-5 1 0
      North Raleigh Christian Academy 8.5 mi Private PRESCHOOL-12 0 0
      Sycamore Creek Elementary 8.6 mi Public K-5 5 0
      Wildwood Forest Elementary 8.9 mi Public K-5 1 0
      Brassfield Elementary 9.0 mi Public K-5 4 0
      Oak Grove Elementary 9.2 mi Public K-5 4 0
      East Wake Middle 9.3 mi Public 6-8 1 0
      Harris Creek Elementary 9.6 mi Public PRESCHOOL-5 3 0
      Pleasant Union Elementary 10.0 mi Public K-5 5 0
      Brier Creek Elementary 10.2 mi Public PRESCHOOL-5 2 0
      Vance Elementary 10.5 mi Public PRESCHOOL-5 3 0
      Wakefield Elementary 11.2 mi Public PRESCHOOL-5 2 0
      Wakefield Middle 11.2 mi Public 6-8 4 0
      Wakefield High 11.3 mi Public 9-12 3 0
      Forest Pines Elementary 12.1 mi Public PRESCHOOL-5 3 0
      Banks Road Elementary 12.2 mi Public PRESCHOOL-5 3 0
      North Forest Pines Elementary 12.2 mi Public PRESCHOOL-5 4 0
      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© 2020. 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.