Market Intelligence · NC / Raleigh

Raleigh, NC 27604 Housing Market

The typical home value in Raleigh's 27604 ZIP code is $337,619, down 2.8% over the past year as of 2026-08-01. The median list price sits at $375,000, and homes are spending a median of 57 days on the market.

Updated August 2026Median value$338K

The median home value in Raleigh, NC 27604 is $338K as of August 2026, down 2.8% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 27604 range

$311K to $365K

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

-2.8% over 12 months

Typical home value in 27604 over the last 12 months: $347K in Aug 2025 to $338K in Aug 2026 (-2.8%).

Aug 2025$347K

Aug 2026$338K

The numbers

What is the 27604 housing market like?

Typical home value

$338K

Down2.8%YoY

Median list price

$375K

Down0.7%MoM

Days on market

57

Up18.8%MoM

Homes for sale

198

Up9.4%MoM

Price cuts

25.4%

Up33.1%MoM

New listings

68

Down15.0%MoM

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

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The comparison

How do 27604 home prices compare?

  • 27604$337,619
  • Raleigh$497,314
  • North Carolina$287,619
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Raleigh: 15 ZIPs; North Carolina: 718 ZIPs; United States: 26,265 ZIPs).

Context

As of 2026-08-01, there are 198 homes for sale in 27604, with 68 new listings hitting the market. The typical home value is $337,619, down 2.8% over the past year, while the median list price is $375,000. Homes are taking a median of 57 days to sell, and 25.4% of listings have had a price cut. Sellers here are listing well above where values are trending, and a notable share are already adjusting their asking prices. If you are thinking about selling, realistic pricing from day one matters more than it did a year ago.

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