Raleigh, NC 27612 Real Estate Market Report

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

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

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

Key Findings

1. The neighborhood's primary value signal is the $620,000 median sold price, which represents the most reliable indicator of recent transaction activity and suggests stable realized pricing around current market levels. representative recent sale
2. Despite a close alignment between asking and realized prices (compare the $619,000 median listing price to the median sold price), elongated time-to-sale — the median days on market 265 — suggests pricing friction and slower sales velocity that may require realistic expectations on time-to-close. stable but slow turnover
3. Price momentum is positive with a price year-over-year trend up, indicating modest appreciation; combined with a market temperature neutral, this points to a balanced market that may slightly favor sellers on quality inventory but generally supports cautious pricing strategies. up
4. Financial headwinds are present: interest rate pressure elevated and prevailing mortgage costs (current 30-year fixed averaging approximately 6.68%) may damp discretionary buyer activity even as rents show modest strength with a median market rent 1,472; factor elevated financing costs into pricing and hold-period assumptions. elevated

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.