Raleigh, NC 27613 Real Estate Market Report

ZIP Code: 27613
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of March 2026, the real estate market in Raleigh, NC (ZIP: 27613) reflects a median sold price of $521,500, indicating a stable market environment. The neighborhood has decreased 8% since 2022, suggesting a cooling trend in home values. Despite this decline, the local economy remains robust, driven by technology and education sectors, which continues to support demand for housing.

Inventory levels are currently elevated, with a notable increase in active listings providing buyers with more options and negotiation power. The median days on market stands at 269, indicating a slower sales velocity, which may suggest a shift towards a more balanced market. While the median listing price is $475,000, the gap between listing and sold prices highlights potential pricing friction, as sellers may need to adjust expectations in light of current market dynamics.

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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

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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 an average of 6.11% are 0.54% lower than the 6.65% average recorded one year ago.

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 $521,500 indicates a stable market, despite a decrease of 8% since 2022, suggesting softening values.

2. With median days on market at 269, the market is experiencing slower sales velocity, which may impact buyer sentiment.

3. Elevated inventory levels are present, providing buyers with more options and negotiation power in the current market.

4. The median listing price of $475,000 reflects seller expectations that may need adjustment given the current market conditions.

5. The median market rent is $2,480, indicating a flat rental growth trend in the area, contrasting with the resilient demand for housing.

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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.