Neighborhood report · August 2026

Summer Place

Raleigh, Wake County, NC

Median sale price · 12 mo
$337K−2.3%
33 days+442%
Days on market
99.4%−0.6%
Sale-to-list
75%+162%
Price cuts
Neighborhood snapshot
Homes sold · 12 mo5
Active listings4
Median sale price$330K
Latest saleAug 2026

Doorify MLS · live, trailing 12 months.

Your top match agent

Top Match #1
Top agent for Raleigh
156
sold in Raleigh
99%
sold / list
118
avg days on mkt

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Recent sales in Summer Place

Trailing 12 months
AddressTypeBd/BaSqftPrice$/sqftDOMStatus
1016 Penncross Drive
Raleigh 27610
SFH3/21,749$310k$17752ClosedSee more →

Showing 1 of 1 listing in Summer Place · last 3 months. Click any row for full details.

Market health

Summer Place · trended 12 months

This neighborhood specifically, not the wider ZIP or city.

Median sale price
$337K 2%

Down 2% over the past year.

Days on market
33 days 442%

Taking 442% longer to sell than a year ago.

List-to-sale ratio
99.4% 1%

Softening off asking price.

Listings w/ price cut
75% 162%

More price cuts than a year ago.

Months of inventory
15.2months
Buyer’s market
Seller’sBalancedBuyer’s

Ample inventory; buyers have room to negotiate. Absorption rate 7% / 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 June — the widest selection of the year here.

What sells here (bed/bath)
  • 3 bd100%
New construction vs. resale
100%
New constructionResale
Sale price spread
  • < $400K100%

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