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 median sold price in Raleigh, NC (ZIP: 27603) stands at $425,000, reflecting a market that has shown signs of moderation. The neighborhood has decreased 8% since 2022, indicating a shift from the previously hot market conditions. This decline in sold prices suggests that buyers are gaining more negotiating power amidst a backdrop of elevated inventory levels and longer days on market, which currently average 171 days.

The overall market temperature is classified as neutral, with a notable increase in active listings contributing to a more balanced environment. While the median listing price is $449,900, the gap between listing and sold prices may indicate pricing friction as sellers adjust expectations in response to changing market dynamics. This evolving landscape provides opportunities for buyers, who may find favorable conditions for negotiation as the market stabilizes.

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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, around 5.79% APR are 0.10% higher than one week ago, suggesting a slight upward rate pressure for new financing.

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 market that is experiencing declining values compared to previous years.

2. With a median listing price of $449,900, there is a significant gap that suggests pricing friction as sellers adjust to market realities.

3. The average of 171 days on market reflects a slower sales velocity, indicating weaker liquidity in the current market.

4. The market temperature is neutral, suggesting a balanced environment where buyers and sellers may find common ground.

5. Elevated inventory levels relative to sales activity may provide buyers with increased leverage in negotiations.

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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.