NORTHWEST RALEIGH AREA HOUSING MARKET DATA

There was a decrease in total units sold in September, with 48 sold this month in Northwest Raleigh Area Real Estate versus 73 last month, a decrease of 34%. This month's total units sold was lower than at this time last year, a decrease of 13% versus September 2024.

Versus last year, the total number of homes available this month is higher by 55 units or 34%. The total number of active inventory this September was 216 compared to 161 in September 2024. This month's supply remained stable as compared to last month.

Last September, the median sale price for Northwest Raleigh Area Homes was $575,000. This September, the median sale price was $551,000, a decrease of 4% or $24,000 compared to last year. The current median sold price is 5% higher than in August.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In September, there was 4.5 months of supply available in Northwest Raleigh Area, compared to 2.9 in September 2024. That is an increase of 54% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 89 homes newly listed for sale in Northwest Raleigh Area compared to 84 in September 2024, an increase of 6%. There were 59 current contracts pending sale this September compared to 55 a year ago. The number of current contracts is 7% higher than last September.

In September, the average sale price in Northwest Raleigh Area was 98.5% of the average list price, which is 0.6% lower than at this time last year.

This month, the average number of days on market was 52, higher than the average last year, which was 31, an increase of 68%.





FOCUS ON: NORTHWEST RALEIGH AREA HOUSING MARKET			SEPTEMBER 2025

Zip Code(s): 27612, 27613 and 27617
Units Sold 48	Active Inventory 216	Median Sale Price $551,000	Days On Market 52

Down -13% Vs. Year Ago	Up 34% Vs. Year Ago	Down -4% Vs. Year Ago	Up 68% Vs. Year Ago


		Units Sold There was a decrease in total units sold in September, with 48 sold this month in Northwest Raleigh Area Real Estate versus 73 last month, a decrease of 34%. This month's total units sold was lower than at this time last year, a decrease of 13% versus September 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 55 units or 34%. The total number of active inventory this September was 216 compared to 161 in September 2024. This month's supply remained stable as compared to last month.
		Median Sale Price Last September, the median sale price for Northwest Raleigh Area Homes was $575,000. This September, the median sale price was $551,000, a decrease of 4% or $24,000 compared to last year. The current median sold price is 5% higher than in August. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 89	Current Contracts 59	Sold Vs. List Price 98.5%	Months of Supply 4.5

Up 6% Vs. Year Ago	Up 7% Vs. Year Ago	Down -0.6% Vs. Year Ago	Up 54% Vs. Year Ago


		Months of Supply In September, there was 4.5 months of supply available in Northwest Raleigh Area, compared to 2.9 in September 2024. That is an increase of 54% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 89 homes newly listed for sale in Northwest Raleigh Area compared to 84 in September 2024, an increase of 6%. There were 59 current contracts pending sale this September compared to 55 a year ago. The number of current contracts is 7% higher than last September.
		Sale Price to List Price Ratio In September, the average sale price in Northwest Raleigh Area was 98.5% of the average list price, which is 0.6% lower than at this time last year. Days on Market This month, the average number of days on market was 52, higher than the average last year, which was 31, an increase of 68%.


	Northwest Raleigh Area are defined as properties listed in zip code/s 27612, 27613 and 27617.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by TRIANGLE and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of TRIANGLE or Long & Foster Real Estate, Inc.