Raleigh, NC 27608 Real Estate Market Report

ZIP Code: 27608
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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 neighborhood's primary market signal is the median sold price of $875,000, which indicates recent transaction-level market value and should be the primary benchmark for valuation and underwriting decisions.

2. Despite a higher median listing price of $1,000,000, recent closed transactions center on the median sold price of $875,000, suggesting a meaningful pricing gap that may indicate seller optimism vs. realized market outcomes and supports cautious list-to-contract expectations.

3. Liquidity appears muted with a prolonged median days on market of 392, which reflects slower sales velocity and elevated time-to-close risk; underwriters and investors should allow for extended holding periods and contingency planning.

4. Market context shows prices and rents moving higher—price year-over-year trend is up and rent year-over-year trend is up—while market temperature is neutral and interest rate pressure is elevated; this combination suggests continued price support but increased financing stress that could constrain buyer participation near-term.

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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.

Raleigh, NC 27608 Real Estate Market Report

ZIP Code: 27608
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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

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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 primary indicator of market value is the median sold price of 630,000, which, alongside a year-over-year price trend that is up, suggests modest price appreciation that supports near-term seller confidence.

2. Liquidity appears muted: the median days on market is 363, which points to slower sales velocity and greater time-needed-to-close compared with historically brisk periods; this may indicate increased pricing friction despite positive price direction.

3. Valuation context shows a median price per square foot of 368 paired with a median market rent of 3,800; with rents also trending up, investors and owner-occupiers should weigh this rent stability against purchase pricing when assessing cash-flow or affordability scenarios.

4. Macro headwinds include elevated interest rate pressure, while local market conditions are reported as neutral, implying that rising borrowing costs may temper transaction volume even as prices and rents show upward movement.

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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.