Raleigh, NC 27610 Real Estate Market Report

ZIP Code: 27610
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of March 2026, the Raleigh, NC housing market reflects a median sold price of $289,500, indicating a shift in market dynamics as prices have softened. The neighborhood has decreased 8% since 2022, suggesting a cooling trend in buyer demand and market activity. Despite this decline, the market remains supported by strong job growth and in-migration, which may prevent a more significant price collapse.

Current market conditions reveal elevated inventory levels, with a notable gap between the median listing price of $318,000 and the median sold price. This discrepancy indicates potential pricing friction as sellers adjust expectations in response to the evolving market landscape. The median days on market stands at 788, reflecting a slower sales velocity and suggesting that buyers are taking more time to make decisions amidst the current economic climate.

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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

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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 average around 6.64% APR, which is 0.85% higher than the average rate of 5.79% seen for similar loans in early 2026.

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 is $289,500, which has decreased 8% since 2022, indicating a softening market.

2. Elevated inventory levels are observed, with a median listing price of $318,000, suggesting pricing friction as sellers adjust to market realities.

3. The median days on market is 788, which points to a slower sales velocity and extended time for properties to sell.

4. The median market rent is $1,733, which may indicate moderate rental market conditions amidst declining rent trends.

5. Current interest rate pressure is elevated, with mortgage rates averaging 6.64%, impacting buyer affordability and overall market activity.

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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.