Raleigh, NC 27613 Real Estate Market Report

ZIP Code: 27613
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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 the Raleigh 27613 market are 6.3% compared to the 5.7% average observed in early 2026, indicating that property owners who secured loans earlier this year locked in more favorable borrowing costs.

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. $458,950 median sold price is the primary indicator of market value and recent transaction activity in 27613; with a $409,900 median listing price sitting below that sold level, sellers should be aware that pricing expectations may be misaligned with recent closed transactions.

2. 443 median days on market points to materially slower sales velocity and suggests representative recent sales are taking longer to clear; combined with a relatively constrained active supply in the analyzed sample, this appears to create pricing friction rather than rapid turnover.

3. Price dynamics show the market is down year-over-year for home prices and rents (rent trend also down), while $216 median price per square foot and $1,343 median market rent indicate current unit economics; with current 30-year fixed mortgage rates at 6.3% versus an early-2026 average of 5.7%, moderate interest rate pressure may constrain buyer affordability and negotiating leverage.

4. Actionable guidance: sellers should align asking prices with the $458,950 median sold price to reduce time on market; buyers can seek negotiation leverage given slower velocity and pricing gaps; investors should exercise caution on rent-dependent plays while monitoring the downward rent trend and the $216 median price per square foot for deal screening.

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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.

Raleigh, NC 27613 Real Estate Market Report

ZIP Code: 27613
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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 the Raleigh 27613 market are 6.3% compared to the 5.7% average observed in early 2026, indicating that property owners who secured loans earlier this year locked in more favorable borrowing costs.

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 neighborhood's primary indicator, median sold price is $315,000, which combined with the down price year-over-year trend suggests recent transaction-level pricing has softened.

2. The market exhibits slower transaction velocity with a median days on market of 371, which may indicate increased holding periods and pricing friction rather than immediate liquidity.

3. Price discovery appears mixed: the median price per square foot is 216 while rent trends are weakening (down), and the median market rent is $1,500, a combination that may compress rent-to-price alignment for investors.

4. Financing costs are a headwind — current 30-year fixed mortgage rates are 6.3% compared to 5.7% earlier in 2026, and overall interest rate pressure is characterized as moderate, which may dampen buyer affordability and transaction acceleration.

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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.