Raleigh, NC 27613 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 market indicator is the $642,055 median sold price, which anchors recent transaction values and suggests price stabilization consistent with the flat year-over-year price trend and a neutral market temperature.
2. There is a meaningful spread between the $625,000 median listing price and the $642,055 median sold price, which may indicate pricing friction or selective seller expectations versus realized sale prices and appears to be occurring alongside relatively constrained active supply in the analyzed sample.
3. Extended selling timelines are evident with a 300 median days on market, which signals slower sales velocity and may require sellers to adjust pricing or concessions to improve liquidity; this should be considered together with the neutral market temperature rather than labeled strongly in favor of buyers or sellers.
4. Rental fundamentals are supportive with a $1,347 median market rent and a up rent year-over-year trend, while mortgage cost pressure remains moderate at 6.6%, implying steadier rent demand but ongoing sensitivity to interest rate movements for buyers and investors.

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.