Raleigh, NC 27601 Real Estate Market Report

ZIP Code: 27601
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Raleigh NC 27601 are averaging 6.4%, which is 0.14% lower than the 6.54% average observed earlier in 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. median sold price: $533,500 is the primary indicator of recent market value and reflects completed transactions in the area; this level, combined with a median listing price: $599,000, suggests a meaningful gap between asking and realized prices that may indicate pricing friction as the market balances seller expectations and transaction reality.

2. median days on market: 389 points to materially slower sales velocity than typical market cycles, which suggests softer near-term liquidity and that sellers may need more time or price adjustment to reach a representative recent sale.

3. median price per square foot: $346 provides a clear unit-value benchmark for both SFR and condominium comparisons within the ZIP; use this metric when underwriting offers or setting competitive list prices to align with observed transaction levels.

4. market temperature: neutral and reported flat rent year-over-year trend combined with a elevated interest rate pressure environment (current 30-year fixed mortgage rates averaging 6.4%, which is 0.14% lower than the 6.54% average observed earlier in 2026) suggest the market is moving toward balance, with modest buyer advantages and cautious seller pricing behavior.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Raleigh, NC 27601 Real Estate Market Report

ZIP Code: 27601
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Raleigh NC 27601 are averaging 6.4%, which is 0.14% lower than the 6.54% average observed earlier in 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. Using median sold price as the primary indicator of realized market value, the neighborhood's median sold price is 437,825, which suggests recent transaction pricing is tracking below asking expectations given a median listing price of 485,000; price trends are positive year-over-year which supports modest appreciation despite the listing-sold gap.

2. Liquidity appears slower: the neighborhood's median days on market is 603, which indicates extended marketing time and suggests slower sales velocity rather than immediate turnover in this micro-market.

3. Unit-level pricing shows sustained per-unit value with a median price per square foot of 356, and a median market rent of 2,100, which together imply stable rent support even as rent growth is recorded as flat.

4. Macro and financing context is a moderating factor: market temperature is reported as neutral while interest rate pressure is elevated and local 30-year fixed rates are averaging 6.4%, which may constrain purchasing power and contribute to elevated financing headwinds in the near term.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.