Raleigh, NC 27603 Real Estate Market Report

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.

Market Metrics

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.

Rental Market

Property Taxes

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.

Market Trends & Context

Key Findings

1. The neighborhood's primary market-value indicator, the median sold price of $351,374, points to the current transaction-level market and, combined with a reported price year-over-year trend of down, suggests recent softening in realized sale values.
2. The median listing price of $459,900 sits noticeably above the median sold price of $351,374, which may indicate pricing friction between seller expectations and completed transactions.
3. A median days on market of 263 signals slower sales velocity; coupled with the market temperature labeled as neutral, this appears consistent with a market moving toward balance but with longer time-to-contract than a high-velocity market.
4. Rent-side and valuation context: the median market rent is $1,843 and the median price per square foot is $205; with rent year-over-year trend reported as up, rental demand pressures may partially support valuations even as sales prices show downward pressure.

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.