GROUNDED DATA PROTOCOL:
Manual audit of Active Single-Family detached inventory only.
| Zip | Avg Price | Med Price | Avg DOM | Med DOM |
|---|---|---|---|---|
| 27612 | $968,915 | $699,900 | 28 Days | 9 Days |
| 27613 | $790,151 | $645,000 | 26 Days | 12 Days |
| 27614 | $790,421 | $685,000 | 22 Days | 7 Days |
| 27615 | $648,065 | $567,450 | 20 Days | 7 Days |
Grounded Perspective
Pricing: Average list prices in Midtown and North Raleigh continue to trend significantly higher than median prices, particularly in 27609 where the average is nearly $1.07 million compared to a $699,900 median. This spread indicates a strong presence of high-end inventory that elevates the statistical average across the sector. At the more accessible end of this audit, 27615 maintains the lowest median price point at $567,450, while the region as a whole shows a consistent premium for detached resales.
Velocity: The market rhythm for this sector remains very fast, with both 27613 and 27615 reaching a rapid median of just 7 days on market. The 27612 zip code represents the most deliberate pace in the group, though its median of 12 days still indicates an active and competitive environment. Across these established neighborhoods, the typical timeline for a property to transition to pending status is well under two weeks.
The Bottom Line
The pending inventory for Midtown and North Raleigh reflects a stable and active market where well-positioned homes are being absorbed quickly. With median prices primarily ranging from $545,000 to $699,900, the region offers a consistent middle-to-upper tier entry point for detached single-family homes. Overall, the data suggests steady buyer demand and high pricing resilience in these core Raleigh sectors.