Raleigh, NC 27614 Real Estate Market Report

ZIP Code: 27614
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: 27614) is characterized by a median sold price of $499,945, reflecting a stable market environment. This price point indicates a normalization phase following previous rapid growth, with modest appreciation anticipated moving forward. The neighborhood has increased up since 2023, suggesting a resilient market despite the recent adjustments in inventory and sales activity.

Current conditions show elevated inventory levels relative to sales activity, leading to longer selling times. The median days on market stands at 2,192, indicative of slower sales velocity. This trend may suggest a shift towards a more balanced market, where buyers have increased options, and sellers may need to adjust expectations in light of the current neutral market temperature and elevated interest rate pressure affecting buyer affordability.

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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

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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 around 5.96% are 0.47% higher than recent 2026 averages near 5.49%, meaning property owners locked in earlier secured a better cost.

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 $499,945 reflects a strong market value despite recent inventory adjustments.

2. With median days on market at 2,192, the market is experiencing slower sales velocity, indicating a potential shift in buyer behavior.

3. Inventory levels are elevated, suggesting excess supply relative to sales activity, which may lead to pricing friction for sellers.

4. The median listing price of $397,500 indicates a significant gap compared to sold prices, highlighting seller expectations that may need recalibration.

5. Current interest rate pressure is elevated, which could impact buyer affordability and overall market dynamics.

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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.