Raleigh, NC 27610 Real Estate Market Report

ZIP Code: 27610
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 real estate market in Raleigh, NC (ZIP: 27610) is characterized by a median sold price of $314,900, reflecting a slight year-over-year decline. This decrease suggests a softening market, which may be attributed to elevated inventory levels and longer days on market, currently averaging 171 days. The market appears to be transitioning towards a more balanced state, moving away from previous seller dominance, as evidenced by the median listing price of $340,000, indicating a notable pricing gap between asking and selling prices.

The current market conditions are marked by moderate transaction volume and excess supply relative to sales activity. Despite the overall decline in home values, specific desirable areas, such as Downtown Raleigh, continue to experience appreciation, supported by strong local job growth and ongoing migration. This underlying demand may prevent a significant downturn, although the market temperature remains neutral, reflecting a balance between buyers and sellers.

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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 at approximately 6.04% are slightly lower than the 2026 average rate of 6.375% seen earlier this year, presenting a minor cost opportunity for refinancing.

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 $314,900, indicating a down trend in home values.

2. With a median listing price of $340,000, there is a significant pricing gap suggesting pricing friction in the market.

3. Properties are taking an average of 171 days on market, reflecting slower sales velocity and longer wait times for sellers.

4. The market temperature is currently neutral, indicating a balanced environment for buyers and sellers.

5. The median market rent stands at $1,733, which may suggest moderate interest rate pressure affecting rental demand.

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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.