Raleigh, NC 27601 Real Estate Market Report

ZIP Code: 27601
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the Raleigh, NC market reflects a median sold price of $572,500, indicating a stable environment despite a flat year-over-year price trend. This suggests that while home values have not significantly changed, the market is experiencing a shift towards a more balanced state. The median days on market stands at 234 days, which points to a slower sales velocity and may indicate a need for sellers to adjust expectations in light of current market conditions.

The overall inventory context shows elevated levels, with active listings surpassing sold properties in the analyzed sample. This excess supply relative to sales activity could lead to increased competition among sellers, potentially impacting pricing strategies. Despite these challenges, the underlying economic fundamentals remain robust, supporting a long-term demand outlook for the Raleigh area, with forecasts suggesting a modest rebound in the near future.

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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 average around 6.09% as of February 2026, which is 0.78% lower than the historical average rate of 6.87% from one year prior in 2025.

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. The median listing price is $650,000, indicating a notable gap between asking and selling prices that may create pricing friction for sellers.

2. With a median days on market of 234 days, the market is experiencing slower sales velocity, which could affect liquidity and buyer engagement.

3. The median market rent is $1,733, reflecting a potential opportunity for investors in the rental sector despite a down year-over-year rent trend.

4. Current mortgage rates average 6.09%, which is 0.78% lower than the historical average from the previous year, potentially easing some financial pressure for buyers.

5. The market temperature is classified as neutral, suggesting a balanced environment where neither buyers nor sellers hold a distinct advantage.

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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.