Raleigh, NC 27608 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

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.

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

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary market indicator, median sold price, is 1,061,000, which establishes recent transaction levels and suggests that realized valuations in 27608 are above current asking levels in the sample; up price momentum is consistent with transaction strength.
2. The median listing price is 929,000 while the median sold price is 1,061,000, indicating a meaningful gap between asking and completed sale values that may reflect seller strength or selective buyer competition; this pricing friction appears alongside a relatively constrained active supply in the analyzed sample.
3. Liquidity signals show slower sales velocity: median days on market is 541, which points to extended marketing time even as realized prices remain elevated; the market temperature is described as neutral, so prolonged days on market may indicate pricing friction rather than broad market weakness.
4. Interest rate and income context: interest rate pressure is reported as elevated with current 30-year fixed mortgage rates at 6.68% compared to a market low of 5.98% in February 2026; median price per square foot is 449 and median market rent is 1,900, information that should temper new acquisition underwriting and affordability assessments.

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.