Raleigh, NC 27612 Real Estate Market Report

ZIP Code: 27612
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

The real estate market in Raleigh, NC (ZIP: 27612) is currently characterized by a median sold price of $424,900, reflecting a stable market with modest price appreciation. The neighborhood has increased up since 2023, indicating a positive trend in property values. While demand remains strong, the market is experiencing elevated inventory levels, which may suggest a shift towards a more balanced environment, providing buyers with greater leverage in negotiations.

Transaction activity is moderate, with properties spending a considerable median days on market of 2,056 days, indicating slower sales velocity. This extended time frame may reflect a period of adjustment as sellers align their expectations with current market conditions. The median listing price stands at $399,300, which, while slightly below the sold price, suggests some pricing friction as sellers navigate the evolving landscape of buyer preferences and market dynamics.

---

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

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.

---

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

---

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 averaging 6.38% as of March 2026, which is 0.88% higher than the average rate of 5.50% seen in early 2026.

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

---

Key Findings

1. The median sold price of $424,900 indicates a stable market with positive price trends.

2. Transaction activity is characterized by elevated inventory levels, suggesting a more balanced market environment.

3. Properties are experiencing a median days on market of 2,056, indicating slower sales velocity and potential pricing adjustments.

4. The median listing price of $399,300 reflects some pricing friction as sellers adjust to market realities.

5. Rental demand remains robust, with a median market rent of $1,950, although the year-over-year trend for rent is down.

---

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.