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Raleigh, NC 27617 Real Estate Market Report

ZIP Code: 27617
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.


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.

Analysis Window
90 Days
Total Properties Analyzed
141
Active Listings
31
Sold Properties
110

Market Metrics

Median Listing Price
$362,500
Median Sold Price
$411,709
Median Price per Sqft
$217/sqft

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.


Rental Market

Median Market Rent
$1,521

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

Property Tax Rate
0.88%

Liquidity & Velocity

Median Days on Market
403
Sale-to-List Ratio
100.0%

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

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.

Price YoY Trend
down
Market Temperature
neutral
Rent YoY Trend
down
Interest Rate Pressure
elevated

Key Findings

  1. The median sold price 411,709 is the primary indicator of realized market value in 27617 and suggests recent transactions are centered well above asking benchmarks; this gap between the median sold price and the median listing price 362,500 may indicate seller expectations outpacing some buyer offers and pricing friction in negotiations.

  2. Long time-to-contract is evident from the median days on market 403, which points to slower sales velocity and a market that appears to be moving toward balance rather than rapid turnover; this may indicate buyers are more selective and underwriting/affordability constraints are affecting pace.

  3. Supply dynamics in the sample point to relatively constrained active supply versus recent sales, which, combined with a median price per square foot 217, suggests pricing is holding at a premium for comparator properties even as transaction frequency softens; market participants should expect measured negotiation rather than aggressive bidding.

  4. Macro pressures include elevated interest rate pressure and a down trend in prices year-over-year alongside a down trend in rents; these factors may continue to weigh on affordability and dampen near-term demand despite positive local economic fundamentals.


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.

Recent Transactions

10824 Ashland Mill Ct, Raleigh, NC 27617
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

6 beds
3.5 baths
8,974 sqft
$2,062,000
Apr 1, 2026
$230/sqft/sqft
134 days on market
9560 Clubvalley Way, Raleigh, NC 27617
Value

Sold below market average

- beds
3.5 baths
9,484 sqft
$1,410,000
Mar 1, 2026
$149/sqft/sqft
1043 days on market
11404 Empire Lakes Dr, Raleigh, NC 27617
Value

Sold below market average

5 beds
3.5 baths
6,901 sqft
$1,270,000
Apr 1, 2026
$184/sqft/sqft
3760 days on market
7019 Bellard Ct, Raleigh, NC 27617
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

3 beds
2.5 baths
1,702 sqft
$435,000
Apr 1, 2026
$256/sqft/sqft
393 days on market
9240 Wooden Rd, Raleigh, NC 27617
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

3 beds
3.5 baths
2,179 sqft
$435,000
Apr 1, 2026
$200/sqft/sqft
1744 days on market
9116 Erinsbrook Dr, Raleigh, NC 27617
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

4 beds
2.5 baths
1,701 sqft
$430,000
Apr 1, 2026
$253/sqft/sqft
203 days on market
7752 Winners Edge St, Raleigh, NC 27617
Market Benchmark

Sold at market average

2 beds
2.5 baths
1,382 sqft
$289,000
Apr 1, 2026
$209/sqft/sqft
274 days on market
7704 Winners Edge St, Raleigh, NC 27617
Value

Sold below market average

2 beds
2.5 baths
1,465 sqft
$285,000
Apr 1, 2026
$195/sqft/sqft
270 days on market

Raleigh, NC 27617 Real Estate Market Report

ZIP Code: 27617
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.


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.

Analysis Window
90 Days
Total Properties Analyzed
121
Active Listings
11
Sold Properties
110

Market Metrics

Median Listing Price
$410,000
Median Sold Price
$350,000
Median Price per Sqft
$212/sqft

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.


Rental Market

Median Market Rent
$1,550

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

Property Tax Rate
0.88%

Liquidity & Velocity

Median Days on Market
397
Sale-to-List Ratio
100.0%

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

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.

Price YoY Trend
down
Market Temperature
neutral
Rent YoY Trend
down
Interest Rate Pressure
elevated

Key Findings

  1. The neighborhood's primary indicator, median sold price 350,000, reflects recent realized market value and suggests transactions are completing below current asking levels; this aligns with the broader down price year-over-year trend and may indicate softening at the top of the market.

  2. Current seller expectations (median listing price 410,000) sit above the representative recent sale level, creating a visible pricing gap that may produce pricing friction and require seller concessions or price alignment to accelerate deals.

  3. Market liquidity appears muted given the long median days on market 397, which points to slower sales velocity and suggests agents and sellers should plan for extended marketing timelines and more aggressive staging/positioning to attract buyers.

  4. Market conditions are overall balanced-to-neutral (market temperature neutral), but affordability headwinds persist from elevated interest rate pressure elevated and a down rent year-over-year trend; investors and income buyers should treat near-term demand as cautious and underwrite conservatively.


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.

Recent Transactions

10330 Sablewood Dr Unit 213, Raleigh, NC 27617
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

3 beds
3.5 baths
2,845 sqft
$575,000
Apr 1, 2026
$202/sqft/sqft
595 days on market
11548 Helmond Way Unit 102, Raleigh, NC 27617
Premium

Sold above market average

2 beds
2 baths
1,989 sqft
$525,000
Apr 1, 2026
$264/sqft/sqft
73 days on market
10410 Sablewood Dr Unit 203, Raleigh, NC 27617
Premium

Sold above market average

3 beds
2.5 baths
1,938 sqft
$490,000
Apr 1, 2026
$253/sqft/sqft
259 days on market
10511 Rosegate Ct Unit 103, Raleigh, NC 27617
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

2 beds
2 baths
1,416 sqft
$337,500
Apr 1, 2026
$238/sqft/sqft
301 days on market
10411 Rosegate Ct Unit 203, Raleigh, NC 27617
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

2 beds
2 baths
1,444 sqft
$325,000
Apr 1, 2026
$225/sqft/sqft
473 days on market
11230 Avocet Ln Apt 102, Raleigh, NC 27617
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

3 beds
2 baths
1,434 sqft
$312,500
Apr 1, 2026
$218/sqft/sqft
84 days on market
2521 Friedland Pl Apt 303, Raleigh, NC 27617
Value

Sold below market average

1 beds
1.5 baths
1,038 sqft
$185,000
Apr 1, 2026
$178/sqft/sqft
304 days on market
2501 Huntscroft Ln Apt 203, Raleigh, NC 27617
Value

Sold below market average

1 beds
1 baths
943 sqft
$169,500
Apr 1, 2026
$180/sqft/sqft
106 days on market

Investment Analysis

Compare rental income potential against ownership costs and benchmark against market averages.

Rent vs Cost to Own

Monthly rental income vs estimated ownership cost

-$982/mo
27617 Avg Rent
27617 Cost to Own
Rent$1,521
Own$2,503

20% down, 6.5% rate, 0.9% tax

Short-Term Rental

Avg nightly rate and occupancy for this ZIP

27617 Avg nightly rate
27617 Avg occupancy (days/year)
Nightly rate$225/night
Occupancy115 of 365 days

Data Sources

Real estate market data & public records, and GemHaus® proprietary models.

Report generated: 5/1/2026

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