Triangle Housing Market: What the Latest Data Shows

Caul Group Residential, brokered by eXp Realty

In September 2026, homes in the Doorify MLS area, which covers the Triangle and nearby counties, sold for a median price of $400,000, down 1.5% from September 2025, and spent a median of 38 days on market, up 11.8%. More homes came up for sale while closed sales dipped, so buyers had more homes to choose from than a year earlier and homes took a little longer to sell.

Below are the latest numbers, each with its month and source, what they mean in plain terms, and how to use them if you are buying or selling. We update this page each month when new data comes out.

The Triangle market at a glance: September 2026

These figures cover single-family homes, townhouses and condos across the full Doorify MLS service area (18 counties). Each change compares September 2026 with September 2025.

• Closed sales: 3,001 homes, down 3.0%
• Median sale price: $400,000, down 1.5%
• Median sold price per square foot: $203, down 1.0%
• New listings: 4,357, up 5.1%
• Active inventory: 13,056 homes, up 14.7%
• Median days on market: 38 days, up 11.8%

Source: Doorify MLS Market Statistics, data updated Oct. 29, 2026. Data provided by Doorify MLS.

What the numbers mean in plain terms

• More choice for buyers. Active inventory was 14.7% higher than a year earlier, and new listings were up 5.1%. Buyers had more homes to compare at the same time.
• Homes took a little longer. The median home spent 38 days on market, up 11.8% from a year earlier.
• Prices were close to flat region-wide. The median sale price was $400,000, down 1.5%, and the median price per square foot was down 1.0%.
• Fewer closings. 3,001 homes closed, down 3.0%.

These are region-wide numbers across 18 counties. They describe what already happened. They are not a forecast, and they do not tell you what any one home is worth.

Are price drops common right now?

Price changes were common in Raleigh and Cary. From Redfin's Raleigh and Cary market pages, for the three months ending September 2026:

• Raleigh: 44.7% of homes had a price drop, up 3.7 points from a year earlier. Homes sold for 98.1% of list price at the median and spent a median of 44 days on market (38 a year earlier).
• Cary: 39.7% of homes had a price drop. Homes sold for 98.9% of list price at the median and spent a median of 32 days on market (33 a year earlier).

Redfin also reports that Raleigh's median sale price for those three months was $414,802, down 4.6% from a year earlier, and that 1,298 homes sold in Raleigh in September 2026, down from 1,409.

Redfin and Doorify MLS measure different areas and use different methods, so their numbers will not match exactly. Use each one for what it covers.

Mortgage rates for context

Freddie Mac's weekly survey showed the 30-year fixed rate averaged 7.24% as of Oct. 29, 2026, down from 7.32% the week before. A year earlier it averaged 6.17%. The 15-year fixed rate averaged 6.60%. These are national averages, not a quote. Your rate depends on your loan, credit and lender, so ask a lender for a Loan Estimate.

Why the region-wide numbers will not price your home

The Triangle is a big area. Prices, time on market and price drops can look very different from one town, neighborhood or price range to the next. A median for 18 counties is useful for seeing the direction of the market, but your home's value comes from recent sales of homes like yours, close by, plus the homes buyers can choose from today.

For a starting point on a specific home, try our home value estimate.

What this can mean if you are selling

• Price to today's market. With more homes for sale, buyers compare more listings. Start from recent nearby sales and the homes you would compete with now.
• Plan for the time it takes. Median days on market went up from a year earlier. Build that time into your moving plans.
• Look beyond price. Photos, condition, showing access and terms all affect how buyers respond.
• Know your net. Before you list, ask for a written net sheet that shows your payoff, costs and any concessions.

Our Raleigh seller FAQ answers common questions about pricing, timing and costs.

What this can mean if you are buying

• More homes to compare. Higher inventory means more options in many price ranges. Tour widely before you decide.
• Use your due diligence period. Plan inspections and loan steps early so you can make decisions on time.
• Compare loan offers. Rates change weekly. Get Loan Estimates from more than one lender and compare them side by side.
• Look at each home's history. Days on market and past price changes are often shown on home search sites and can help you understand a listing.

See how we help buyers.

How we keep this page current

We refresh this page each month after Doorify MLS posts new numbers, and we name the month and source for every figure. When a number is not available from a public source, we leave it out.

Frequently asked questions

Is the Triangle housing market slowing down?

In September 2026, closed sales in the Doorify MLS area were down 3.0% from a year earlier and median days on market rose 11.8% to 38 days, while new listings rose 5.1% and active inventory rose 14.7%. That means more homes for sale and homes taking a little longer to sell, based on that month's data.

Are home prices dropping in the Triangle?

Region-wide, the median sale price in September 2026 was $400,000, down 1.5% from September 2025, according to Doorify MLS. Prices vary a lot by town, neighborhood and price range, so local numbers can differ.

How long does it take to sell a house in the Triangle right now?

The median home in the Doorify MLS area spent 38 days on market in September 2026. Redfin reported a median of 44 days in Raleigh and 32 days in Cary for the three months ending September 2026.

Why are so many homes cutting their prices?

Redfin reported that 44.7% of Raleigh homes and 39.7% of Cary homes had a price drop in the three months ending September 2026. With more homes for sale, buyers have more to compare, and some sellers adjust their price after the first weeks on the market.

Is now a good time to buy a home in the Triangle?

It depends on your plans, budget and how long you expect to stay. The latest data shows more homes for sale than a year earlier and homes taking a little longer to sell. Compare a few homes and get Loan Estimates from more than one lender before you decide.

Where does this market data come from?

The region-wide numbers come from Doorify MLS (formerly Triangle MLS) Market Statistics. The Raleigh and Cary price-drop, sale-to-list and days-on-market figures come from Redfin, and mortgage rates come from Freddie Mac's weekly survey. Each figure on this page lists its month.

Want to know what this means for your home?

Our founder, Tina Caul, has been in real estate since 2001. If you are thinking about buying or selling, we can walk you through the latest sales near you and how today's market fits your plans.

• Get a home value estimate
• See how we help sellers
• See how we help buyers
• Contact us or call (919) 263-7653

We are the #1 Resale Team in the Triangle.