GROUNDED DATA PROTOCOL:
Manual audit of Active Single-Family detached inventory only.
| Zip | Avg Price | Med Price | Avg DOM | Med DOM |
|---|---|---|---|---|
| 27612 | $1,106,822 | $699,900 | 27 Days | 8 Days |
| 27613 | $799,080 | $650,000 | 19 Days | 11 Days |
| 27614 | $736,761 | $675,000 | 23 Days | 7 Days |
| 27615 | $670,010 | $595,000 | 14 Days | 6 Days |
Grounded Perspective
Pricing: The average price in 27609 ($1,106,822) sits significantly higher than its median ($699,900), indicating a high-end segment of established inventory that skews the average upward. In contrast, 27615 represents the lowest price point in the audit with a median of $595,000. Across all zip codes, average prices consistently exceed medians, confirming that premium listings are a steady presence in the current pending inventory.
Velocity: Market velocity is highest in 27615, where the median time on market is just 6 days. The 27612 zip code represents the slowest pace in this group with a median DOM of 11, though this still reflects an active market. Overall, the regional rhythm is swift, with median days on market ranging from 6 to 11 days across these North Raleigh sectors.
The Bottom Line
The pending inventory across Midtown and North Raleigh shows a healthy demand for detached resales, with most homes under contract in less than two weeks. While 27609 leads in overall valuation and price variance, the region maintains a consistent median price floor between $595,000 and $700,000. This data indicates a stable market where well-priced homes continue to transition to pending status rapidly.