Market Intelligence · NC / Raleigh

Raleigh, NC 27603 Housing Market

Typical home values in Raleigh 27603 have declined 2.0% over the past year, settling near $406,431. Homes currently list around $450,000 and typically stay on the market for 64 days.

Updated September 2026Median value$406K

The median home value in Raleigh, NC 27603 is $406K as of September 2026, down 2.0% 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 27603 range

$374K to $439K

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

-2.0% over 12 months

Sep 2025$415K

Low $406KHigh $415K

Sep 2026$406K

The numbers

What is the 27603 housing market like?

As of September 2026

Typical home value

$406K

2.0%YoY

Median list price

$450K

2.0%MoM

Days on market

3.2%MoM

Homes for sale

237

8.7%MoM

Price cuts

24.8%

1.0%MoM

New listings

17.6%MoM

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

The outlook

27603 housing market forecast 2027

-0.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 27603 to fall 0.6% by September 2027.

Over the 12 months through September 2026, typical home values in 27603 fell 2.0%, per the Zillow Home Value Index.

Will home prices drop in 27603?

Zillow's forecast says they may: it expects typical home values in 27603 to fall 0.6% by September 2027, after a 2.0% 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 27603 home prices compare?

27603$406,431
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 ZIP shows 237 homes for sale as of September 2026, with 80 new listings added during that period. Median days on market sits at 64, suggesting moderate inventory turnover. Nearly a quarter of listings, 24.8%, have already seen price cuts. The combination of declining values and price reductions indicates this is a buyer-favored market right now. Sellers should be realistic about pricing and prepared for negotiation.

Monthly payment

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Home price

Down payment20% · $81,286

Term

Rate (%)

Common questions

What people ask us.

What is the typical home value in 27603?

The typical home value is $406,431, down 2.0% over the past year as of September 2026.

How long do homes typically stay on the market in 27603?

Homes stay on the market for a median of 64 days in this ZIP.

How many homes are currently listed for sale in 27603?

There are 237 homes for sale as of September 2026, with 80 new listings added during that month.

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