Raleigh, NC Housing Market Report

The Raleigh-Cary housing market is currently undergoing a significant transition toward a more balanced environment, trending slightly in favor of buyers as we close out 2025. With active inventory surging by 41.22% year-over-year to 4,238 listings, the supply constraints that previously defined the Research Triangle have eased considerably. This influx of options, combined with a median days on market of 73 days—a 12-day increase from last year—indicates that the frantic bidding wars of the past have largely subsided, giving buyers more leverage and time to conduct due diligence.

Price trends reflect a cooling period following years of rapid appreciation. The median home value in Raleigh has settled at $424,925, representing a 2.86% decline over the past twelve months. Data from the last six months shows a consistent, incremental softening of prices, dropping from $428,670 in July to the current December figure. This downward pressure is driven by higher inventory levels and a stabilization of demand as the market recalibrates to current interest rate environments. Despite this dip, the sale-to-list ratio remains high at 0.99, suggesting that while prices are softening, sellers are still receiving offers very close to their asking prices.

Looking ahead, the Raleigh market appears to be entering a phase of price stabilization rather than a sharp correction. For buyers, the current climate offers the best opportunity in years to negotiate on repairs or closing costs, though they should remain mindful that the rental market remains flat with a median rent of $1,582. Sellers should prepare for longer marketing periods and must be strategic with initial pricing to remain competitive against the growing number of active listings. The long-term outlook for the region remains positive due to the strong local tech and healthcare sectors, which continue to support underlying property values.