South Raleigh Real Estate

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South Raleigh, North Carolina
Average Home Sizes and Asking Prices

Updated On: November 25, 2015
Zipcode Single Family Home Townhome or Condo
4 BR 3 BR #Lst 3 BR 2 BR #Lst
27608 3,400 sf $790,000 1,900 sf $491,000 60 2,500 sf $433,000 3

27608 - 3 Bedroom Homes
# of Listings and Avg Price*
 2 Years Ago  15   $576k
 1 Year Ago  14   $510k
 6 Months Ago   14   $500k
 1 Month Ago  9   $579k
 Today  7   $490k
*Averaged for 3 bedroom active listings

Change and Trend of Asking Price in 27608

Sold Price History in 27608
27608 sold real estate price trend
Demographics & Schools Mortgage Information South Raleigh Map

South Raleigh Real Estate & Community Information in North Carolina

The alluring cultural and recreational opportunities available to residents of South Raleigh make this more than a great place to visit. Home to more than 250,000 people, South Raleigh’s stunning natural beauty, excellent education system, affordable housing and proximity to the downtown capital make it the jewel of Wake County. South Raleigh offers fine living in attractive neighborhoods with clean, safe parks and common areas that combine old world southern architecture with modern amenities. Restaurants abound, as do sidewalk cafes, delis, specialty shops, boutiques, antique stores, coffee and wine shops. Raleigh also has a diverse mix of museums, theatres and performing arts centers.

Residents can enjoy outdoor recreation ranging from water skiing and fishing to golf. Like the area’s economy and job market, South Raleigh’s real estate market is stable and the atmosphere is friendly and family-oriented. Future homebuyers will easily find that South Raleigh offers a variety of housing options that run the gamut from detached, single-family homes, townhouses, and condos, and even plots of land for custom building your dream home or investment property.

A true sense of community is evident in the many special events the city sponsors each year. Themed events such as the Artsplosure Raleigh Arts Festival, Neuse River Rally and Rollapoolooza exemplify how the city’s recreation department does an outstanding job in maintaining beautiful public areas and playgrounds plus creation and development of Raleigh’s active social calendar.

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South Raleigh Real Estate Market Trends

Real estate opportunities abound in this family-friendly community of South Raleigh, NC. From large estates on tree-lined streets and townhouses in the downtown district to secluded homes on the countryside’s rolling terrain, South Raleigh has the right home for you. Condominiums and townhouses in South Raleigh range in price from $130,000 to over $1 million and are typically located in more populated areas. Three and four-bedroom South Raleigh homes near schools and shopping centers range in price from $160,000 to $500,000 and are located in new home subdivisions such as Lakestone Village, Crooked Creek, Hudson Meadows and The Park at West Lake. Magnificent homes and stately manors range in price from $600,000 to over $2 million and can be found in South Raleigh subdivisions such as Brackenridge Pointe, Sunset Lake and Newstead Manor. Historic properties are also available as are plots of land for custom building and development.

South Raleigh Real Estate Stats and Trends for the week of November 23rd, 2015: homes priced around $490,962 compared to $487,966 the previous week, for a slight increase of less than +1%.  For Wednesday, November 25th, the current national mortgage rate for a 30 year fixed mortgage is 3.93%; the 15 year fixed rate is at 2.99%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.26%, while the 15 year jumbo rate currently is at 3.97%. You can calculate your mortgage rate with our mortgage calculators.  Get local info and homes for sale in South Raleigh NC. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in South Raleigh to help you find the best home!

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