Raleigh, North Carolina started 2024 with a total of 614 single-family homes on the market, with a median home price of $595,250 and an average price per square foot of $318.30. By the end of the year, inventory had increased to 699 homes on the market (+14%), with a median home price of $579,900 (-3%), and an average price per square foot of $318 (0%).
At the start of 2024, the median days on market (DOM) was 63 days – by the end of the year, median DOM had increased to 84 days.
Raleigh, North Carolina started the year with 37.30% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 46.78% of homes for sale had taken a price cut.
