Raleigh, NC 27617 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. median sold price: $399,212 anchors current market value and reflects completed transactions as the primary indicator of pricing; given the market temperature is neutral, this suggests recent sales are establishing a stable benchmark rather than signaling a sharp directional swing.
2. median days on market: 450 indicates materially slower sales velocity and persistent listing duration, which may indicate pricing friction or buyer deliberation in this ZIP code — sellers should expect longer time-to-contract and consider staged pricing or incentive strategies to improve turnaround; slower sales velocity.
3. median listing price: $370,000 sits below the median sold price, which highlights a gap between asking and final transaction levels that may reflect negotiated premiums or selective higher-value closings; monitor listing-to-sale outcomes closely and price defensively when marketing properties.
4. price year-over-year trend: up combined with median price per square foot: $199 and rising rents (median market rent: $1,525; rent year-over-year trend: up) suggests ongoing upward pressure on asset values and rental rates, but moderate interest rate pressure and an average 30-year fixed rate near 6.6% imply financing costs remain a cautionary factor for buyers and investors; upward price momentum.

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.