Raleigh, NC 27608 Real Estate Market Report

ZIP Code: 27608
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 market is characterized by a median sold price of $995,000, reflecting a slight decline in overall pricing trends. The neighborhood has decreased 8% since 2022, indicating a cooling market where buyers may find more favorable conditions. The median days on market has increased to 276 days, suggesting slower sales velocity and a shift in market dynamics toward a more balanced environment.

Despite the overall price decline, the median listing price stands at $1,100,000, creating a notable pricing gap that may reflect seller expectations versus current buyer sentiment. Elevated inventory levels are present, with excess supply relative to sales activity, which may indicate a need for sellers to adjust their pricing strategies to align with market realities. Overall, the market appears to be stabilizing, supported by underlying economic factors, yet remains sensitive to external pressures such as elevated interest rates.

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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 5.75%-6.03% are slightly higher than the recent 2026 average of 5.79% APR, indicating property owners locked in a marginally better rate recently.

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 $995,000 indicates a decrease in market value compared to previous years.

2. With a median days on market of 276, the market is experiencing slower sales velocity, which may impact liquidity.

3. The median listing price of $1,100,000 suggests a significant gap between seller expectations and buyer willingness, indicating potential pricing friction.

4. The market temperature is currently neutral, reflecting balanced conditions despite elevated inventory levels.

5. Elevated interest rate pressure is noted, with current mortgage rates around 5.75%-6.03%, which may further influence buyer behavior and market dynamics.

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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.