Neighborhood report · October 2026

Penn Shaw Pines

Raleigh, Wake County, NC

Median sale price · 12 mo
$540K
13 days—
Days on market
99.1%—
Sale-to-list
25%—
Price cuts
Neighborhood snapshot
Homes sold · 12 mo4
Active listings1
Median sale price$540K
Latest saleSep 2026

Doorify MLS · live, trailing 12 months.

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Top Match #1
Top agent for Raleigh
169
sold in Raleigh
99%
sold / list
125
avg days on mkt

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Recent sales in Penn Shaw Pines

Trailing 12 months
AddressTypeBd/BaSqftPrice$/sqftDOMStatus
5105 Laurie Drive
Raleigh 27606
SFH3/32,355$540k$22915ClosedSee more →
4705 Joseph-michael Court
Raleigh 27606
SFH3/32,538$623k$2457ClosedSee more →

Showing 2 of 2 listings in Penn Shaw Pines · last 3 months. Click any row for full details.

Market health

Penn Shaw Pines · trended 12 months

This neighborhood specifically, not the wider ZIP or city.

Median sale price
$540K▲ 11%

Up 11% over the past year.

Days on market
13 days▼ 81%

Selling 81% faster than a year ago.

List-to-sale ratio
99.1%▲ 3%

Closing nearer asking than a year ago.

Listings w/ price cut
25%▼ 100%

Fewer price cuts than a year ago.

Months of inventory
3.0months
Balanced’s market
Seller’sBalancedBuyer’s

Supply and demand are roughly in balance. Absorption rate 33% / mo · This neighborhood.

Best month to list

When homes here sell fastest, for the most.

J
F
M
A
M
J
J
A
S
O
N
D

Listings peak in July — the widest selection of the year here.

What sells here (bed/bath)
  • 3 bd100%
New construction vs. resale
100%
New constructionResale
Sale price spread
  • $400–600K75%
  • $600–800K25%

Market and sales data from Doorify MLS, trailing 12 months. The matched agent’s identity is released only after a signed referral agreement.