GROUNDED DATA PROTOCOL:
Manual audit of Active Single-Family detached inventory only.
| Zip | Avg Price | Med Price | Avg DOM | Med DOM |
|---|---|---|---|---|
| 27616 | $391,488 | $375,000 | 28 Days | 14 Days |
| 27604 | $466,011 | $402,500 | 31 Days | 17 Days |
| 27545 | $389,570 | $379,500 | 35 Days | 17 Days |
| 27591 | $422,962 | $425,000 | 36 Days | 20 Days |
Grounded Perspective
Pricing: Average list prices across the Northeast and East Raleigh sectors continue to track above median values, indicating that higher-tier detached resales are exerting upward pressure on regional statistics. The 27591 zip code remains a notable outlier where the median price of $425,000 exceeds the average of $422,962, suggesting a high concentration of inventory clustered at the top of that specific market’s range. Across the audit, 27604 represents the premium ceiling with an average list price of $466,011, while 27616 offers the most accessible median entry point at $375,000.
Velocity: Market velocity is highest in 27616, where properties are transitioning to pending status at a median of 14 days. Conversely, 27591 shows the most deliberate pace in the region with a median of 20 days on market, representing a relatively tight 6-day range in velocity across all four zip codes. The typical regional rhythm for these established neighborhoods is steady and synchronized, with the majority of inventory going under contract in approximately three weeks.
The Bottom Line
The current state of pending inventory for Northeast and East Raleigh reveals a stable and accessible market for detached single-family resales, with medians concentrated between $375,000 and $425,000. The uniformity in both pricing and days on market suggests a consistent level of buyer demand across these eastern corridors. This region continues to serve as a reliable primary market for buyers seeking established housing with a predictable absorption rate.