Raleigh, NC 27615 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

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.

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 median sold price is 746,000, which serves as the primary indicator of recent market value and suggests transactions are settling near this level rather than at asking prices; note the median listing price of 539,000 suggests a meaningful gap between asking and recent sale benchmarks that may reflect seller expectation versus closed-transaction reality.
2. The market shows a up price year-over-year trend while the market temperature remains neutral, indicating stabilized appreciation without strong directional heat; this combination suggests a balanced market where pricing gains are present but not accelerating into a hot market.
3. Liquidity appears muted given a long median days on market of 401, which signals slower sales velocity and potential pricing friction rather than rapid turnover, even as supply in the analyzed sample is described as relatively constrained active supply.
4. Rent fundamentals are strengthening with median market rent at 1,510 and a up rent year-over-year trend, while interest rate pressure is moderate and local 30-year fixed rates average approximately 6.68%, which together may support investor interest but also keep financing costs material for purchase-driven demand.

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.