Market Intelligence · NC / Raleigh

Raleigh, NC 27601 Housing Market

The typical home value in 27601 is $493,622, down 2.5% over the past year. Homes are listed at a median price of $642,500 and spend a median of 79 days on the market.

Updated September 2026Median value$494K

The median home value in Raleigh, NC 27601 is $494K as of September 2026, down 2.5% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 27601 range

$454K to $533K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-2.5% over 12 months

Sep 2025$506K

Low $494KHigh $506K

Sep 2026$494K

The numbers

What is the 27601 housing market like?

As of September 2026

Typical home value

$494K

2.5%YoY

Median list price

$643K

7.3%MoM

Days on market

9.7%MoM

Homes for sale

10.7%MoM

Price cuts

22.1%

19.4%MoM

New listings

37.5%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

27601 housing market forecast 2027

-0.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 27601 to fall 0.8% by September 2027.

Over the 12 months through September 2026, typical home values in 27601 fell 2.5%, per the Zillow Home Value Index.

Will home prices drop in 27601?

Zillow's forecast says they may: it expects typical home values in 27601 to fall 0.8% by September 2027, after a 2.5% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 27601 home prices compare?

27601$493,622
Raleigh$493,622
North Carolina$284,347
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Raleigh: 15 ZIPs; North Carolina: 718 ZIPs; United States: 26,262 ZIPs).

Context

The 27601 market has 67 homes for sale as of September 2026, with 10 new listings arriving recently. The median days on market sits at 79, suggesting moderate buyer interest. About 22.1% of listings carry a price cut, which aligns with the declining typical home value over the past year. For sellers, this environment rewards realistic pricing and competitive positioning.

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Down payment20% · $98,724

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Common questions

What people ask us.

What is the typical home value in 27601?

The typical home value is $493,622, down 2.5% over the past year as of September 2026.

How many homes are for sale in 27601?

There are 67 homes for sale as of September 2026, with a median list price of $642,500.

How long do homes typically stay on the market in 27601?

Homes spend a median of 79 days on the market in this ZIP code.

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