Raleigh, NC 27612 Real Estate Market Report

ZIP Code: 27612
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: 27612) is characterized by a median sold price of $599,445, reflecting a robust market despite a down trend in prices year-over-year. This indicates a decrease in market value compared to previous periods, suggesting potential pricing friction as sellers adjust expectations in light of current market conditions. The median days on market stands at 158, indicating a shift toward slower sales velocity and greater buyer leverage compared to the previous frenetic periods.

The overall inventory context shows elevated inventory levels, with a notable gap between the median listing price of $500,000 and the median sold price. This discrepancy may indicate that sellers are pricing their properties higher than what buyers are willing to pay, contributing to the extended days on market. Additionally, the local economic fundamentals remain strong, particularly job growth for graduates, which continues to underpin regional housing demand, suggesting that while the market is moderating, it is not without its strengths.

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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 at approximately 6.15% are notably lower than the 6.4% average projected for early 2026, presenting a cost opportunity for new financing.

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 of $599,445 indicates a strong market presence despite a down trend in prices year-over-year.

2. With a median days on market of 158, the market is experiencing slower sales velocity, allowing buyers more negotiating power.

3. The median listing price of $500,000 shows a significant gap compared to the median sold price, indicating potential pricing friction in the market.

4. Elevated inventory levels suggest excess supply relative to sales activity, which may pressure prices further in the near term.

5. Local economic fundamentals remain strong, with job growth supporting housing demand, indicating a positive outlook despite current market challenges.

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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.