Neighborhood report · August 2026

Summer Place

Raleigh, Wake County, NC

Median sale price · 12 mo
$330K−4.2%
37 days+517%
Days on market
100.0%+0.0%
Sale-to-list
80%+180%
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

Name & contact shared once you connect

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
$330K 4%

Down 4% over the past year.

Days on market
37 days 517%

Taking 517% longer to sell than a year ago.

List-to-sale ratio
100.0% 0%

Closing nearer asking than a year ago.

Listings w/ price cut
80% 180%

More price cuts than a year ago.

Months of inventory
9.5months
Buyer’s market
Seller’sBalancedBuyer’s

Ample inventory; buyers have room to negotiate. Absorption rate 11% / 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.