The Downtown Raleigh housing market is very competitive. The median sale price of a home in Downtown Raleigh was $420K last month, down 14.8% since last year. The median sale price per square foot in Downtown Raleigh is $427, down 1.4% since last year.
What is the housing market like in Downtown Raleigh today?
In April 2024, Downtown Raleigh home prices were down 14.8% compared to last year, selling for a median price of $420K. On average, homes in Downtown Raleigh sell after 17 days on the market compared to 46 days last year. There were 19 homes sold in April this year, up from 15 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$420,000
-14.8% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Downtown Raleigh, NC
$420,000
-14.8%
United States
To compare other locations to the Downtown Raleigh and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Raleigh add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Downtown Raleigh housing market?
Downtown Raleigh is very competitive. Homes sell in 14 days.
0
100
72
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 2% below list price and go pending in around 14 days.
Hot homes
can sell for around list price and go pending in around 6 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Downtown Raleigh housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Raleigh.
Risk Factor
Flood Factor - Moderate
15% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Raleigh has a moderate risk of flooding. 155 properties in Downtown Raleigh are likely to be
severely affected
by flooding over the next 30 years. This represents 15% of all properties in Downtown Raleigh. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Downtown Raleigh has a minor risk of wildfire. There are 1 properties in Downtown Raleigh that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Downtown Raleigh.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Downtown Raleigh has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Downtown Raleigh is most at risk from hurricanes. 1,435 properties in Downtown Raleigh have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 84 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 95 mph.
58% of properties are at major
risk of heat over the next 30 years
Heat Factor
Downtown Raleigh has a major risk from heat. This is due to
"feels like" temperatures
increasing, and because 58% of homes in Downtown Raleigh have a Major Heat Factor®.
Downtown Raleigh is expected to see a 128% increase in the number of days over 105ºF over the next 30 years. Downtown Raleigh is expected to experience 6