Why Live in Olde East Raleigh
Olde East Raleigh is a neighborhood characterized by its mix of historic and contemporary homes, with recently built condos and single-family homes under construction alongside century-old cottages. The area is becoming increasingly popular among homeowners due to its proximity to downtown, with about two-thirds of residents currently renting. Home styles range from black-and-white contemporary designs to Craftsman and farmhouse-inspired remodels. John Chavis Memorial Park, a historic site listed on the National Register of Historic Places, is a notable attraction, featuring a historic carousel, playground, splash pad, and the Little Rock Trail. The park also offers a community center with after-school programs and seasonal events. Smaller pocket parks and the John P. “Top” Greene Community Center add to the neighborhood's recreational options. Schools in the area are highly rated, with Hunter Magnet Elementary, Ligon Magnet Middle, and Enloe Magnet High all receiving top grades. The neighborhood is walkable and bikeable, with bike lanes and GoRaleigh bus stops providing easy access to downtown Raleigh, which is 1 to 2 miles west. Raleigh-Durham International Airport is about 20 miles northwest, and WakeMed Raleigh Campus is around 3 miles east. Dining options include Transfer Co. Food Hall, Benchwarmers Bagels, Burial Beer Co., and Hady’s Restaurant International Cuisine. Boutique shopping and local grocer Weaver Street Market are nearby, with a Food Lion located about 2 miles south.
Home Trends in Olde East Raleigh, NC
On average, homes in Olde East Raleigh, Raleigh sell after 25 days on the market compared to the national average of 70 days. The median sale price for homes in Olde East Raleigh, Raleigh over the last 12 months is $163,000, down 59% from the median home sale price over the previous 12 months.
Median Sale Price
$163,000
Median Single Family Sale Price
$624,900
Median Townhouse Sale Price
$516,950
Median 1 Bedroom Sale Price
$163,000
Average Price Per Sq Ft
$250
Number of Homes for Sale
1
Last 12 months Home Sales
18
Median List Price
$167,500
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-59%