Raleigh VA Loan Rates, Closing Costs & Stats

RALEIGH-CARY, NC

A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

For additional benefits of VA loans, click here.

Raleigh's 250 lenders originated 6,591 VA loans during 2021. The total origination value was $2,079,505,000, with an average VA loan value of $315,507.

Raleigh VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Raleigh averaged 0.39% for the week of 2023-01-20, compared to the national average (all VA variants) of 0% for the same period.

Raleigh's average VA mortgage closing costs are $5,456.

The average rate for the prior week (2023-01-13) was 6.17% and one month ago for the week of 2022-12-16, the average rate was 6.55%.

The average rate one year ago was 3.55%.

For refis of the same type during the week of 2023-01-20, the average rate was 0.11%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Raleigh VA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Raleigh level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
QUICKEN LOANS, LLC 545 2.45% $5,443
FREEDOM MORTGAGE CORPORATION 473 2.40% $3,178
Mortgage Research Center, LLC 433 2.82% $6,398
PENNYMAC LOAN SERVICES, LLC 310 2.37% $6,133
NAVY FEDERAL CREDIT UNION 249 2.47% $5,822
USAA Federal Savings Bank 163 2.86% $3,612
LOANDEPOT.COM, LLC 153 2.52% $5,117
LAKEVIEW LOAN SERVICING, LLC 144 2.46% $2,708
MOVEMENT MORTGAGE, LLC 139 2.79% $5,741
UNITED WHOLESALE MORTGAGE, LLC 137 2.46% $6,059
VILLAGE CAPITAL MORTGAGE 137 2.26% $3,986
Wells Fargo Bank 116 2.64% $4,731
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 109 2.87% $5,886
CLEARPATH LENDING 97 2.29% $4,451
CALIBER HOME LOANS, INC. 96 2.54% $5,273
NEW DAY FINANCIAL, LLC 91 2.95% $9,423
HOME POINT FINANCIAL CORPORATION 87 2.44% $5,356
The Federal Savings Bank 80 2.53% $9,099
Mr. Cooper ( Nationstar Mortgage ) 76 2.76% $4,191
GUARANTEED RATE, INC. 75 2.50% $4,910
CORNERSTONE HOME LENDING, INC. 67 2.80% $4,598
PENTAGON FEDERAL CREDIT UNION 64 2.38% $2,624
GoPrime Mortgage, Inc. 56 2.88% $7,069
Towne Bank 56 2.72% $7,716
Truist 53 2.70% $6,976
Prosperity Home Mortgage, LLC 46 2.64% $6,361
PRIMELENDING, A PLAINSCAPITAL COMPANY 43 2.96% $6,551
North State Bank 41 2.61% $6,586
EQUITY RESOURCES, INC. 38 2.50% $6,231
Lakeview Community Capital, LLC 37 2.44% $2,265
NEWREZ LLC 37 2.56% $4,018
PULTE MORTGAGE LLC 36 2.83% $3,824
BROKER SOLUTIONS, INC. 35 2.74% $6,929
North American Savings Bank, F.S.B. 34 2.43% $4,985
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 32 2.72% $7,581
InterContinental Capital Group, Inc 32 2.33% $3,843
AMERISAVE MORTGAGE CORPORATION 32 2.53% $8,903
First Heritage Mortgage, LLC 32 2.52% $7,311
Towne Mortgage of the Carolinas, LLC 31 2.66% $8,826
MATTAMY HOME FUNDING, LLC 30 2.48% $7,116
AMERICAN FINANCIAL NETWORK, INC. 29 2.46% $9,946
EAGLE HOME MORTGAGE, LLC 27 2.72% $6,299
Low VA Rates, LLC 25 2.43% $4,211
Corporate Investors Mortgage Group, Inc. 24 2.66% $7,015
ACCELERATE MORTGAGE, LLC 23 2.46% $6,831
HOMESPIRE MORTGAGE CORPORATION 23 2.71% $6,216
MUTUAL OF OMAHA MORTGAGE, INC. 22 2.53% $6,626
First Federal Bank 22 3.24% $8,437
PLANET HOME LENDING, LLC 22 2.64% $3,419
American Security Mortgage Corp. 21 2.61% $6,205
CROSSCOUNTRY MORTGAGE, LLC 21 2.77% $8,361
ACADEMY MORTGAGE CORPORATION 21 2.74% $6,622
SOUTHERN TRUST MORTGAGE, LLC 21 2.69% $6,712
Carrington Mortgage Services, LLC 20 2.71% $5,905
First Guaranty Mortgage Corporation 20 2.52% $7,815
HOMESIDE FINANCIAL, LLC 19 2.65% $8,511
NVR Mortgage Finance, Inc. 19 2.83% $6,998
Mid-Continent Funding, Inc. 19 2.79% $9,832
DHI MORTGAGE COMPANY, LTD. 18 2.68% $4,883
PRIMARY RESIDENTIAL MORTGAGE, INC. 18 3.18% $6,894
United Community Bank 18 2.67% $8,468
BNC National Bank 18 2.36% $4,214
T2 FINANCIAL LLC 18 3.03% $6,676
Alcova Mortgage LLC 17 2.68% $4,557
NBKC BANK 17 2.54% $5,887
Barrington Bank & Trust Company, N.A. 17 2.78% $6,909
Flagstar Bank, FSB 17 2.79% $7,449
U.S. Bank 17 2.58% $6,185
Citizens Bank 16 2.59% $6,210
SOVEREIGN LENDING GROUP INCORPORATED 16 2.42% $8,126
UNION HOME MORTGAGE CORP. 16 2.43% $6,158
The Central Trust Bank 16 2.68% $6,338
VANDERBILT MORTGAGE AND FINANCE, INC. 16 2.84% $3,888
LOANPAL, LLC 15 2.53% $11,967
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 15 2.83% $6,213
Magnolia Bank 14 2.44% $5,924
RESIDENTIAL MORTGAGE SERVICES, INC. 14 2.71% $7,261
SUN WEST MORTGAGE COMPANY, INC. 14 2.35% $3,668
TIDEWATER MORTGAGE SERVICES, INC. 13 2.80% $6,143
CALCON MUTUAL MORTGAGE LLC 12 3.72% $3,130
MORTGAGE SOLUTIONS OF COLORADO, LLC 12 3.03% $6,534
CMG MORTGAGE, INC. 12 2.69% $8,981
First Horizon Bank 12 2.48% $5,879
HOMEBRIDGE FINANCIAL SERVICES, INC. 12 2.89% $10,838
Wyndham Capital Mortgage, Inc. 12 2.44% $3,997
CHURCHILL MORTGAGE CORPORATION 11 2.45% $7,777
TJC Mortgage, Inc. 11 2.30% $3,536
NFM, INC. 11 3.15% $9,510
KS StateBank 10 2.38% $3,660
AMERIFIRST FINANCIAL CORPORATION 10 2.71% $5,385
ANGEL OAK HOME LOANS LLC 9 2.79% $7,986
RESOURCE FINANCIAL SERVICES, INC. 9 2.38% $8,957
NP, Inc. 8 2.28% $4,919
Capital Bank 8 2.36% $3,365
THE MORTGAGE FIRM, INC. 8 2.89% $5,633
South Pacific Financial Corporation 8 2.55% $9,792
Blue Ridge Bank 8 2.81% $6,557
CAPITAL CENTER, L.L.C. 8 2.45% $3,283
Nations Lending Corporation 8 2.94% $10,274
Credence Funding Corporation 8 2.23% $2,695
M/I FINANCIAL, LLC 7 2.73% $4,156
Meridian Bank Corporation 7 2.34% $4,815
Ameris Bank 7 2.63% $10,213
FIRST EQUITY MORTGAGE INCORPORATED 7 2.77% $12,735
RAPID MORTGAGE COMPANY 6 3.06% $9,778
First-Citizens Bank & Trust Company 6 2.42% $3,463
Strong Home Mortgage, LLC 6 2.33% $2,504
RELIANCE FIRST CAPITAL, LLC 6 2.63% $5,075
PNC Bank 6 2.71% $4,531
Paramount Residential Mortgage Group, Inc. 5 3.18% $5,672
INTERCOASTAL MORTGAGE COMPANY 5 2.65% $3,148
AMERICAN FINANCING CORPORATION 5 2.40% $6,423
LENDUS, LLC 5 2.28% $4,625
BAYSHORE MORTGAGE FUNDING, LLC 5 3.00% $5,736
Presidential Bank, FSB 5 2.60% $6,146
FBC MORTGAGE, LLC 5 2.73% $7,194
Texana Bank 4 2.34% $9,183
PLAZA HOME MORTGAGE, INC. 4 2.31% $4,878
Regions Bank 4 2.63% $6,368
Renasant Bank 4 2.59% $8,251
CBM Mortgage, Inc. 4 2.53% $1,937
Alpha Mortgage Corporation 4 3.03% $5,463
HOMESTEAD FUNDING CORP. 4 2.34% $7,849
KELLER MORTGAGE, LLC 4 2.41% $6,093
LADERA LENDING, INC. 4 2.50% $7,133
EMBRACE HOME LOANS, INC. 4 2.38% $2,593
M&T Bank 4 2.63% $2,718
ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 2.66% $3,158
PHH Mortgage Corporation 4 3.00% $7,334
First Savings Bank 3 2.25% $8,169
Prime Choice Funding Inc. 3 2.96% $1,949
MORTGAGE EQUITY PARTNERS LLC 3 2.67% $2,904
GUILD MORTGAGE COMPANY 3 3.04% $4,628
Northpointe Bank 3 2.67% $15,239
Sunflower Bank 3 2.54% $8,336
VELOCIO MORTGAGE L.L.C. 3 2.92% $7,632
First Mortgage Solutions, LLC 3 2.17% $1,839
STEARNS LENDING, LLC 3 2.42% $3,437
Goldwater Bank, N.A. 3 4.08% $11,976
SIRVA MORTGAGE, INC. 3 2.58% $4,368
CERTAINTY HOME LOANS, LLC 3 2.42% $5,436
MID AMERICA MORTGAGE, INC. 3 2.38% $2,139
Bank of England 3 2.50% $12,383
FIRST COMMUNITY MORTGAGE, INC. 3 2.54% $11,442
ALLIED MORTGAGE GROUP, INC. 3 2.92% $1,650
MCLEAN MORTGAGE CORPORATION 3 2.75% $9,218
AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 3 3.25% $4,839
PREMIA MORTGAGE, LLC 3 2.42% $8,020
Watermark Capital, Inc. 3 2.38% $5,010
KBHS HOME LOANS, LLC 3 3.62% $5,340
LIBERTY HOME MORTGAGE CORPORATION 3 2.25% $7,051
ROSS MORTGAGE CORPORATION 2 2.75% $8,655
Paramount Bank 2 2.50% $2,245
1ST SIGNATURE LENDING, LLC 2 2.81% $9,789
AmeriHome Mortgage Company, LLC 2 2.56% $1,787
CREDIT UNION MORTGAGE ASSOCIATION, INC. 2 2.63% $3,620
JAMES B. NUTTER & COMPANY 2 2.63% $4,206
HUNT MORTGAGE CORPORATION 2 2.75% $10,374
Hometown Lenders, Inc. 2 3.25% $3,358
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 2.81% $16,284
GUARANTY HOME MORTGAGE CORPORATION 2 2.75% $4,251
BELEM SERVICING LLC 2 2.50% $6,366
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 2.50% $2,514
George Mason Mortgage, LLC 2 2.49% $4,283
Equity Prime Mortgage LLC 2 3.19% $5,114
US MORTGAGE CORPORATION 2 3.06% $6,218
UNITED NORTHERN MORTGAGE BANKERS LIMITED 2 2.88% $8,613
CANOPY MORTGAGE, LLC 2 2.12% $4,418
TOWNE MORTGAGE COMPANY 2 2.56% $6,593
TOP FLITE FINANCIAL, INC. 2 3.06% $7,000
The Fidelity Bank 2 2.81% $9,678
AMCAP MORTGAGE, LTD. 2 2.88% $6,297
First National Bank of Pennsylvania 2 2.63% $15,836
Northwest Federal Credit Union 2 3.25% $6,330
FIRST HOME MORTGAGE CORPORATION 2 2.88% $12,587
ON Q FINANCIAL, INC. 2 2.75% $12,876
First Bank 2 2.38% $8,378
Shamrock Home Loans, Inc. 2 3.00% $3,261
ZILLOW HOME LOANS, LLC 1 2.75% $8,074
Austin Capital Bank SSB 1 2.75% $8,517
Axos Bank 1 3.00% $14,060
BETTER MORTGAGE CORPORATION 1 2.88% $13,074
CIS Financial Services, Inc. 1 3.38% $12,141
CityWorth Mortgage LLC 1 3.63% $7,553
Assurance Financial Group, L.L.C. 1 3.25% $8,136
Colonial Savings, F.A. 1 2.38% $8,512
CONTOUR MORTGAGE CORPORATION 1 2.63% $6,248
Core Bank 1 2.00% $10,392
Armed Forces Bank 1 2.25% $4,749
CRESCENT MORTGAGE COMPANY 1 2.75% $2,621
DIRECT MORTGAGE LOANS, LLC 1 2.63% $2,721
EVERETT FINANCIAL, INC. 1 3.50% $525
FAIR WAY LENDING LLC 1 2.25% $2,219
Fifth Third Bank 1 2.75% $2,217
FINANCE OF AMERICA MORTGAGE LLC 1 2.25% $6,796
FirstBank 1 2.25% $2,429
First Federal Bank of Kansas City 1 2.25% $2,362
First Home Bank 1 2.25% $2,752
First Internet Bank of Indiana 1 2.50% $2,556
FIRST SAVINGS MORTGAGE CORPORATION 1 2.25% $8,112
Gateway First Bank 1 2.88% $9,676
GENEVA FINANCIAL, LLC 1 3.00% $5,437
AmRes Corporation 1 2.38% $1,557
GUARANTEED RATE AFFINITY, LLC 1 2.25% $2,993
HANCOCK MORTGAGE PARTNERS, LLC 1 3.13% $3,860
IMPAC MORTGAGE CORP. 1 2.88% $2,494
INLAND BANK & TRUST 1 2.88% $6,751
Integrity Home Mortgage Corp 1 2.75% $8,914
Ixonia Bank 1 2.25% $3,181
JPMorgan Chase Bank 1 3.25% $11,554
Keystone Funding, Inc. 1 2.38% $3,191
LANGLEY 1 2.25% $2,862
LENOX FINANCIAL MORTGAGE CORPORATION 1 3.00% $22,504
MASON MCDUFFIE MORTGAGE CORPORATION 1 2.62% $3,420
MICHIGAN MUTUAL, INC. 1 3.00% $14,534
MIDLAND MORTGAGE CORPORATION 1 2.75% $2,683
MILEND, INC. 1 3.25% $3,618
MORTGAGE INVESTORS GROUP, INC. 1 2.63% $6,003
AMERICAN PACIFIC MORTGAGE CORPORATION 1 2.88% $8,645
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 2.99% $2,239
NBH Bank 1 2.25% $7,043
American National Bank and Trust Company 1 3.00% $3,701
NTFN, INC. 1 2.88% $3,018
Oakstar Bank 1 2.75% $2,119
OCMBC, INC. 1 2.25% $2,562
OPEN MORTGAGE, LLC 1 3.13% $11,574
OVM FINANCIAL, INC. 1 2.75% $3,629
PANORAMA MORTGAGE GROUP, LLC 1 3.25% $11,785
AMERICAN FINANCIAL RESOURCES, INC. 1 2.25% $4,884
Peoples Bank 1 2.75% $4,755
PREMIER LENDING, INC. 1 3.13% $3,668
Sandy Spring Bank 1 2.25% $5,719
SeaTrust Mortgage Company 1 2.75% $7,384
Service Federal Credit Union 1 2.88% $899
Sierra Pacific Mortgage Company, Inc. 1 3.00% $4,205
Southern Bank and Trust Company 1 2.38% $1,764
Southern First Bank 1 2.25% $1,749
South State Bank 1 2.25% $1,810
SUCCESS MORTGAGE PARTNERS, INC. 1 2.50% $2,444
SWBC MORTGAGE CORPORATION 1 3.25% $19,589
TIAA, FSB 1 2.75% $26,711
Triumph Bank 1 2.25% $2,656
Union Savings Bank 1 2.25% $0
United Bank 1 2.75% $12,378
Allen Tate Mortgage Partners, LLC 1 2.50% $2,539
Victorian Finance, LLC 1 2.50% $8,596
Waterstone Mortgage Corporation 1 3.00% $4,287
West Town Bank & Trust 1 2.50% $2,914
WRIGHT-PATT CREDIT UNION, INC. 1 2.63% $3,708
Atlantic Coast Mortgage, LLC 1 2.63% $11,962

The top Raleigh VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 545 VA loans originated. Their average total fees are $5,443, which is $2,265 higher than the next largest lender, FREEDOM MORTGAGE CORPORATION.

The lowest fee Raleigh VA lenders (with over 10 loans originated) are Lakeview Community Capital, LLC ($2,265), PENTAGON FEDERAL CREDIT UNION ($2,624), LAKEVIEW LOAN SERVICING, LLC ($2,708), CALCON MUTUAL MORTGAGE LLC ($3,130) and FREEDOM MORTGAGE CORPORATION ($3,178).

The lowest rate Raleigh VA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE (2.26%), CLEARPATH LENDING (2.29%), TJC Mortgage, Inc. (2.30%), InterContinental Capital Group, Inc (2.33%) and SUN WEST MORTGAGE COMPANY, INC. (2.35%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Raleigh (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $350,080 (2.6%) $423,710 (3.1%) 1.30 3,972
2018-02-01 $358,500 (3.2%) $427,891 (3.1%) 1.30 4,007
2018-03-01 $368,901 (2.5%) $439,742 (2.6%) 1.29 4,229
2018-04-01 $369,950 (0.0%) $440,989 (0.0%) 1.25 4,500
2018-05-01 $369,950 (0.0%) $442,338 (-0.2%) 1.24 4,820
2018-06-01 $369,800 (1.0%) $445,410 (1.8%) 1.23 4,911
2018-07-01 $369,450 (0.6%) $448,837 (2.9%) 1.23 4,813
2018-08-01 $369,786 (1.5%) $447,878 (3.4%) 1.24 4,906
2018-09-01 $365,939 (0.3%) $442,879 (2.4%) 1.23 5,030
2018-10-01 $358,200 (-0.5%) $432,214 (0.9%) 1.21 5,274
2018-11-01 $355,345 (-1.2%) $430,491 (0.8%) 1.20 5,151
2018-12-01 $354,500 (-0.4%) $426,951 (-0.1%) 1.22 4,902
2019-01-01 $349,995 (0.0%) $423,956 (0.1%) 1.21 4,623
2019-02-01 $354,743 (-1.1%) $430,484 (0.6%) 1.20 4,578
2019-03-01 $363,769 (-1.4%) $439,794 (0.0%) 1.19 4,595
2019-04-01 $369,448 (-0.1%) $448,961 (1.8%) 1.17 4,726
2019-05-01 $375,000 (1.4%) $455,654 (3.0%) 1.17 4,836
2019-06-01 $375,000 (1.4%) $453,179 (1.7%) 1.17 4,938
2019-07-01 $375,000 (1.5%) $451,869 (0.7%) 1.17 5,012
2019-08-01 $371,636 (0.5%) $447,911 (0.0%) 1.18 5,093
2019-09-01 $367,341 (0.4%) $444,332 (0.3%) 1.18 5,158
2019-10-01 $363,950 (1.6%) $441,751 (2.2%) 1.17 5,201
2019-11-01 $359,000 (1.0%) $440,117 (2.2%) 1.18 4,998
2019-12-01 $359,950 (1.5%) $442,312 (3.6%) 1.20 4,542
2020-01-01 $357,473 (2.1%) $442,285 (4.3%) 1.19 4,228
2020-02-01 $362,500 (2.2%) $449,699 (4.5%) 1.19 4,124
2020-03-01 $371,925 (2.2%) $461,183 (4.9%) 1.17 4,040
2020-04-01 $362,591 (-1.9%) $451,424 (0.6%) 1.14 4,312
2020-05-01 $369,900 (-1.4%) $465,322 (2.1%) 1.12 4,212
2020-06-01 $380,350 (1.4%) $485,573 (7.2%) 1.12 3,598
2020-07-01 $380,679 (1.5%) $486,723 (7.7%) 1.10 3,340
2020-08-01 $385,000 (3.6%) $487,189 (8.8%) 1.10 3,215
2020-09-01 $389,450 (6.0%) $494,009 (11.2%) 1.12 2,923
2020-10-01 $389,000 (6.9%) $494,700 (12.0%) 1.11 2,883
2020-11-01 $383,995 (7.0%) $491,124 (11.6%) 1.12 2,591
2020-12-01 $385,500 (7.1%) $496,275 (12.2%) 1.15 2,216
2021-01-01 $389,000 (8.8%) $506,732 (14.6%) 1.16 1,869
2021-02-01 $394,975 (9.0%) $525,169 (16.8%) 1.15 1,484
2021-03-01 $397,400 (6.9%) $527,770 (14.4%) 1.13 1,290
2021-04-01 $399,500 (10.2%) $540,723 (19.8%) 1.08 1,213
2021-05-01 $401,281 (8.5%) $549,422 (18.1%) 1.06 1,040
2021-06-01 $406,500 (6.9%) $558,257 (15.0%) 1.07 1,058
2021-07-01 $407,841 (7.1%) $543,979 (11.8%) 1.07 1,218
2021-08-01 $422,400 (9.7%) $562,434 (15.4%) 1.13 1,264
2021-09-01 $424,915 (9.1%) $553,376 (12.0%) 1.13 1,421
2021-10-01 $425,000 (9.3%) $549,602 (11.1%) 1.13 1,476
2021-11-01 $424,960 (10.7%) $552,086 (12.4%) 1.13 1,359
2021-12-01 $422,000 (9.5%) $549,258 (10.7%) 1.14 1,116
2022-01-01 $425,000 (9.3%) $565,286 (11.6%) 1.15 914
2022-02-01 $430,000 (8.9%) $585,759 (11.5%) 1.12 674
2022-03-01 $449,975 (13.2%) $616,507 (16.8%) 1.13 710
2022-04-01 $475,000 (18.9%) $617,459 (14.2%) 1.13 870
2022-05-01 $493,390 (23.0%) $606,405 (10.4%) 1.13 1,456
2022-06-01 $499,950 (23.0%) $625,115 (12.0%) 1.11 2,121
2022-07-01 $494,900 (21.4%) $613,697 (12.8%) 1.12 2,782
2022-08-01 $483,566 (14.5%) $604,886 (7.6%) 1.12 3,196
2022-09-01 $463,227 (9.0%) $579,957 (4.8%) 1.08 3,773
2022-10-01 $452,000 (6.4%) $575,495 (4.7%) 1.06 3,952
2022-11-01 $449,450 (5.8%) $569,983 (3.2%) 1.08 3,903
2022-12-01 $446,000 (5.7%) $567,139 (3.3%) 1.12 3,639
Raleigh's median listing price for 2022-12-01 was $446,000, a difference of $24,000 (5.7%) versus the prior year and $-3,450 versus the prior month.

Raleigh's median listing price comes in at 112% of the national average.

Raleigh's average listing price for 2022-12-01 was $567,139, a difference of $17,881 (3.3%) versus the prior year and $-2,844 versus the prior month.

For the 2022-12-01 period, Raleigh had 3,639 MLS listings, a difference of -264 listings (-7%) versus the prior month and 2,523 listings (226%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Raleigh (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 85 days 2,659 sqft
2018-02-01 71 days 2,653 sqft
2018-03-01 56 days 2,699 sqft
2018-04-01 53 days 2,669 sqft
2018-05-01 52 days 2,676 sqft
2018-06-01 56 days 2,666 sqft
2018-07-01 64 days 2,653 sqft
2018-08-01 65 days 2,656 sqft
2018-09-01 67 days 2,623 sqft
2018-10-01 71 days 2,588 sqft
2018-11-01 73 days 2,578 sqft
2018-12-01 81 days 2,564 sqft
2019-01-01 87 days 2,557 sqft
2019-02-01 81 days 2,561 sqft
2019-03-01 66 days 2,592 sqft
2019-04-01 51 days 2,622 sqft
2019-05-01 52 days 2,649 sqft
2019-06-01 52 days 2,628 sqft
2019-07-01 58 days 2,601 sqft
2019-08-01 59 days 2,577 sqft
2019-09-01 61 days 2,555 sqft
2019-10-01 63 days 2,540 sqft
2019-11-01 65 days 2,500 sqft
2019-12-01 72 days 2,503 sqft
2020-01-01 75 days 2,480 sqft
2020-02-01 64 days 2,518 sqft
2020-03-01 51 days 2,548 sqft
2020-04-01 52 days 2,495 sqft
2020-05-01 61 days 2,509 sqft
2020-06-01 64 days 2,540 sqft
2020-07-01 52 days 2,486 sqft
2020-08-01 43 days 2,468 sqft
2020-09-01 49 days 2,457 sqft
2020-10-01 47 days 2,430 sqft
2020-11-01 46 days 2,386 sqft
2020-12-01 51 days 2,373 sqft
2021-01-01 49 days 2,350 sqft
2021-02-01 37 days 2,306 sqft
2021-03-01 29 days 2,253 sqft
2021-04-01 23 days 2,296 sqft
2021-05-01 19 days 2,275 sqft
2021-06-01 16 days 2,259 sqft
2021-07-01 19 days 2,253 sqft
2021-08-01 21 days 2,251 sqft
2021-09-01 20 days 2,244 sqft
2021-10-01 21 days 2,223 sqft
2021-11-01 23 days 2,220 sqft
2021-12-01 35 days 2,201 sqft
2022-01-01 37 days 2,137 sqft
2022-02-01 18 days 2,147 sqft
2022-03-01 12 days 2,185 sqft
2022-04-01 11 days 2,250 sqft
2022-05-01 12 days 2,319 sqft
2022-06-01 17 days 2,353 sqft
2022-07-01 23 days 2,337 sqft
2022-08-01 31 days 2,331 sqft
2022-09-01 43 days 2,286 sqft
2022-10-01 48 days 2,268 sqft
2022-11-01 58 days 2,265 sqft
2022-12-01 71 days 2,277 sqft
Raleigh's median listing age (time on market) for 2022-12-01 was 71 days. This is 103% longer than the same period one year ago.

Raleigh's median square footage for active listings during the 2022-12-01 period was 2,277 sqft. One year prior, the average listing was 2,201 sqft.

VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.