GROUNDED DATA PROTOCOL:
To ensure an accurate “apples-to-apples” comparison, I have manually filtered out new construction, townhomes, and condos.
| Zip | Avg Price | Med Price | Avg DOM | Med DOM |
|---|---|---|---|---|
| 27612 | $798,671 | $659,900 | 57 Days | 41 Days |
| 27613 | $1,108,864 | $759,000 | 58 Days | 34 Days |
| 27614 | $1,189,204 | $935,000 | 49 Days | 35 Days |
| 27615 | $888,562 | $639,950 | 57 Days | 29 Days |
Grounded Perspective
Pricing: Average prices consistently outpace median prices across all zip codes, with the most significant gap occurring in 27613, where the average exceeds the median by nearly $350,000. The 27614 zip code represents the highest price point in the region with a median price of $935,000. In contrast, 27615 and 27612 show the most accessible entry points with median prices remaining in the mid-$600,000 range.
Velocity: The 27615 zip code is moving the fastest with a Median DOM of 29 days, while 27612 is the slowest at 41 days. The regional rhythm for median active inventory sits between 29 and 41 days, indicating a steady movement of listings. Average DOM figures are notably higher and more uniform, suggesting a selection of properties in each pocket is experiencing extended market time.
Bottom Line: The active inventory in North Raleigh shows a established market with a high-end tilt, particularly in the Wakefield and Leesville areas. While pricing remains elevated, the median days on market suggest that properly positioned resales are finding buyers within a month to six weeks. The significant spread between average and median prices confirms that luxury outliers are currently influencing the overall regional averages.