Raleigh, NC 27603 Real Estate Market Report

ZIP Code: 27603
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 real estate market in Raleigh, NC (ZIP: 27603) is characterized by a median sold price of $425,000, reflecting a slight cooling trend in the market. This indicates a shift towards balance, as the market appears to be stabilizing after previous fluctuations. The neighborhood has experienced a down trend in prices year-over-year, suggesting that sellers may need to adjust their expectations to align with current buyer sentiment and market conditions.

Transaction activity shows 169 days as the median days on market, indicating slower sales velocity and a potential need for sellers to price their properties more competitively. The median listing price stands at $471,000, which creates a notable gap between asking prices and sold prices, highlighting possible pricing friction in the current market. Overall, elevated inventory levels suggest that buyers have more options, contributing to a more balanced market environment.

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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 at approximately 5.88% are notably lower than the 2026 average of 6.17%, presenting a cost-saving opportunity for property owners.

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 sold price of $425,000 indicates a potential need for sellers to adjust expectations in light of current market conditions.

2. With 169 days as the median days on market, the market is experiencing slower sales velocity, which may require strategic pricing from sellers.

3. The median listing price of $471,000 presents a significant gap compared to the sold price, indicating potential pricing friction in the market.

4. Year-over-year trends show prices are down, suggesting a cautious approach may be necessary for both buyers and sellers.

5. Current market conditions reflect neutral temperature, indicating 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.