GROUNDED DATA PROTOCOL:
Manual audit of Active Single-Family detached inventory only.
| Zip | Avg Price | Med Price | Avg DOM | Med DOM |
|---|---|---|---|---|
| 27616 | $394,954 | $375,000 | 28 Days | 14 Days |
| 27604 | $473,712 | $409,000 | 31 Days | 12 Days |
| 27545 | $391,765 | $368,500 | 41 Days | 20 Days |
| 27591 | $428,718 | $433,700 | 41 Days | 27 Days |
Grounded Perspective
Pricing: Average list prices in the Northeast and East Raleigh sectors generally track above the median, signaling that higher-tier detached resales are providing upward pressure on the regional statistics. The 27591 zip code remains a notable exception where the median price of $433,700 exceeds the average of $428,718, indicating a heavy 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 approaching $474,000, while 27545 offers the most accessible entry point with a median of $368,500.
Velocity: Market velocity is highest in 27604, where the median time on market is a swift 12 days. In contrast, 27591 reflects a much more deliberate pace with a median of 27 days, representing the slowest pocket in this regional set. The typical rhythm for pending inventory in East Raleigh spans roughly two to four weeks, indicating a steady but measured absorption of established residential inventory.
The Bottom Line
The pending inventory for Northeast and East Raleigh highlights a relatively accessible price bracket for detached homes, with most medians falling between $368,500 and $433,700. While velocity varies by zip code, the regional market remains active as buyers continue to engage with available resale inventory at a steady pace. This area provides a consistent opportunity for established housing without the extreme volatility seen in the more central Raleigh corridors.