GROUNDED DATA PROTOCOL:
Manual audit of Active Single-Family detached inventory only.
| Zip | Avg Price | Med Price | Avg DOM | Med DOM |
|---|---|---|---|---|
| 27616 | $390,596 | $371,450 | 31 Days | 14 Days |
| 27604 | $497,078 | $425,000 | 30 Days | 11 Days |
| 27545 | $387,330 | $368,500 | 33 Days | 17 Days |
| 27591 | $430,183 | $437,900 | 37 Days | 22 Days |
Grounded Perspective
Pricing: Average list prices across Northeast and East Raleigh consistently track above median prices, indicating that high-end inventory is exerting upward pressure on the regional averages. The 27604 zip code serves as the premium ceiling for this data set with a median price of $425,000, while 27545 represents the most accessible entry point with a median of $368,500. Notably, 27591 is the only sector where the median price ($437,900) exceeds the average ($430,183), suggesting a high concentration of inventory clustered at the top of its specific price bracket.
Velocity: Market velocity is highest in 27604, where the median time on market is just 11 days. The slowest pace in the region is found in 27591, where the median duration extends to 22 days, marking the widest range in velocity for this audit. The typical rhythm for pending inventory in this part of the county generally falls between 11 and 17 days, reflecting a steady but slightly more deliberate pace compared to other Raleigh sectors.
The Bottom Line
The pending inventory for Northeast and East Raleigh highlights a more accessible price point for detached resales, with median values largely staying under $440,000. While velocity varies by pocket, the overall regional movement remains active with most homes going under contract within three weeks. This data suggests a stable environment where buyers are finding consistent opportunities in established neighborhoods.