Raleigh Home Prices Cool 6 % From Peak
Raleigh Home Prices Now vs. the Peak Although Raleigh home prices remain elevated by historical standards, the latest sales data shows the market has slipped from its recent high. Nationally, mortgage rates near 6.7% have kept monthly payments high and softened buyer demand. Redfin data also shows homes spent a median of 71 days on the market in January 2026. Peak-to-Now Price Pullback January 2026 median sale price was $395,000, down 1.2% year over year, versus Zillow’s January 31, 2025 median of $431,250. This gap signals cooling from the peak even as Zillow’s average value edged up 0.4% to $435,263. Empower’s average sold price held near $466,397 overall. Signals Under Pressure Redfin’s median price per square foot rose 1.4% to $223, indicating smaller homes and mix shifts can mask softness. Higher Mortgage Rates have constrained affordability, a key driver in this Historical Context of slower demand. Tier data still shows wide dispersion, from $223,548 in the bottom tier to $1,49...