GROUNDED DATA PROTOCOL:
Manual audit of Active Single-Family detached inventory only.
| Zip | Avg Price | Med Price | Avg DOM | Med DOM |
|---|---|---|---|---|
| 27612 | $1,101,918 | $712,450 | 26 Days | 8 Days |
| 27613 | $791,375 | $645,000 | 26 Days | 11 Days |
| 27614 | $728,399 | $675,000 | 22 Days | 7 Days |
| 27615 | $649,906 | $569,900 | 16 Days | 8 Days |
Grounded Perspective
Pricing: Average prices across the Midtown and North Raleigh sectors consistently outpace median values, indicating that high-end inventory continues to pull regional averages upward. The 27609 zip code remains the premium leader in this audit with an average price exceeding $1.1 million, while 27615 provides the most accessible entry point with a median price of $569,900. The pricing spread in 27609 is particularly notable, as the average sits nearly $390,000 above the median, signaling a significant concentration of luxury-tier listings.
Velocity: Market velocity remains high across the region, with properties in 27613 moving the fastest at a median of just 7 days on market. The 27612 zip code represents the most deliberate pace in the group, though its median of 11 days still reflects a very active environment. Overall, the typical rhythm for this sector is swift, with the majority of detached resales transitioning to pending status in 11 days or less.
The Bottom Line
The current state of pending inventory for Midtown and North Raleigh shows a robust and steady market for established detached homes. With a regional median price point hovering around $650,000, the inventory is being absorbed quickly, often in just over a week. This data suggests that despite higher price points in certain pockets, buyer demand for resales in these established neighborhoods remains consistent and resilient.