Raleigh, NC 27610 Real Estate Market Report

ZIP Code: 27610
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

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Raleigh, NC are 6.5%, which is consistent with the 6.54% average observed earlier in 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 primary market value indicator is the 313,766 median sold price, which points to recent transaction-level pricing and suggests sellers should price near realized sale levels rather than relying solely on asking prices.

2. There is a noticeable gap between the 353,500 median listing price and the 313,766 median sold price, which may indicate pricing friction and that sellers who price above recent sold levels could face longer marketing times.

3. With a 287 median days on market, the market is exhibiting slower sales velocity that appears consistent with a neutral market temperature and may require more aggressive pricing or concessions to accelerate closings.

4. Interest rate pressure is elevated and price momentum is down, while rents are flat at 1,620; investors and owners should expect financing cost sensitivity and prioritize deals with clear cashflow or pricing discounts to offset higher borrowing costs.

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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 27610 Real Estate Market Report

ZIP Code: 27610
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

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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Raleigh, NC are 6.5%, which is consistent with the 6.54% average observed earlier in 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 primary indicator of market value and recent transaction activity is the median sold price of $485,000, which, alongside a year-over-year price trend of down, suggests recent softening in realized sale values.

2. The median days on market of 329 days points to slower sales velocity and increased time-to-close for SFR and condo transactions, which may indicate pricing friction even as the market moves toward balance.

3. Sample-level supply metrics indicate a relatively constrained active supply in the analyzed dataset that, together with a neutral market temperature, appears to produce a more balanced market rather than a strongly one-sided market.

4. Affordability pressure is amplified by elevated financing costs: $1,250 median market rent remains flat year-over-year while interest rate pressure is described as elevated; Current 30-year fixed mortgage rates in Raleigh, NC are 6.5%, which is consistent with the 6.54% average observed earlier in 2026.

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Notable Properties

The following 5 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.