Is Raleigh, NC 27620 a buyer’s or seller’s market?
Raleigh is a buyer’s market. With about 28.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Raleigh housing market right now
In the three months ending August 31, 2026, 0% of homes in Raleigh, NC 27620 sold above their list price, the typical home went under contract in 64 days and there were 28.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (34 days then) and the median sale price fell 11% to $397,828. Overall, Raleigh is less competitive than a year ago, which gives buyers more room.
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Questions about Raleigh real estate
Is Raleigh a buyer’s or seller’s market?
A buyer’s market: there were 28.8 months of supply in Raleigh, NC 27620 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Raleigh?
The typical home went under contract in 64 days in the latest three months.
Do homes in Raleigh sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 99.5% of the list price.
What is the median home price in Raleigh?
The median sale price was $397,828 in the three months ending August 31, 2026, about $260 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology