Raleigh, NC 27601 Real Estate Market Report

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

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Executive Overview

As of April 2026, the Raleigh, NC real estate market is characterized by a median sold price of $500,000, reflecting a stable market environment. The neighborhood has increased up since 2023, indicating a positive trend in property values. Despite this appreciation, the market is experiencing elevated inventory levels, which may suggest a shift towards more balanced conditions, providing buyers with increased opportunities.

Transaction activity remains moderate, with median days on market at 442 days, indicating slower sales velocity. This extended timeframe for property sales may reflect pricing friction, as sellers adjust their expectations in response to the current market dynamics. Overall, the market temperature is considered neutral, suggesting a balance between buyer and seller activity, but with the potential for further adjustments as inventory levels remain high.

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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.

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Key Findings

1. The median sold price stands at $500,000, indicating a stable market value amidst changing conditions.

2. With median days on market at 442, properties are experiencing slower sales velocity, which may reflect pricing adjustments.

3. The median listing price is $625,000, showing a significant gap compared to the sold price, suggesting potential pricing friction for sellers.

4. The rental market is facing a down trend with median market rent at $1,733, indicating a shift in rental demand.

5. Interest rate pressure is currently elevated, which may impact buyer affordability and overall market activity.

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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.