Top Mega Teams in Raleigh, North Carolina – Ranked by Volume

Download the Rankings

Download the Rankings

2022 Market Summary

Raleigh, North Carolina started 2022 with a total of 251 single-family homes on the market, with a median home price of $475,000 and an average price per square foot of $263. By the end of the year, inventory had increased to 716 homes on the market (+185%), with a median home price of $485,000 (+2%) and an average price per square foot of $267 (+1%).

At the start of 2022, the median days on market (DOM) was 49 days – by the end of the year, median DOM had increased to 70 days.

Raleigh started the year with 25% 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 50% of Raleigh homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Raleigh started 2022 as a seller’s market, with an MAI score of 40; by the end of the year, the MAI had dropped to 38 – a slight seller’s advantage.

This market summary is powered by Altos Research – click here to run a free report for your area.

Frequently Asked Questions