Market Intelligence · NC / Raleigh

Raleigh, NC 27604 Housing Market

The typical home value in Raleigh 27604 is $335,946, down 2.6% over the past year. The median list price sits at $374,990, and homes are taking a median of 61 days to sell as of September 2026.

Updated September 2026Median value$336K

The median home value in Raleigh, NC 27604 is $336K as of September 2026, down 2.6% 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.

Sell without the wait

Sell your Raleigh home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 27604 range

$309K to $363K

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.

Not sure cash is the right move? Discuss your options with a licensed local pro, free.

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 27604 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Raleigh, NC.

12-month value trend

-2.6% over 12 months

Sep 2025$345K

Low $336KHigh $345K

Sep 2026$336K

The numbers

What is the 27604 housing market like?

As of September 2026

Typical home value

$336K

2.6%YoY

Median list price

$375K

0.0%MoM

Days on market

7.0%MoM

Homes for sale

200

1.0%MoM

Price cuts

30.5%

20.3%MoM

New listings

2.9%MoM

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

The outlook

27604 housing market forecast 2027

-0.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 27604 to fall 0.6% by September 2027.

Over the 12 months through September 2026, typical home values in 27604 fell 2.6%, per the Zillow Home Value Index.

Will home prices drop in 27604?

Zillow's forecast says they may: it expects typical home values in 27604 to fall 0.6% by September 2027, after a 2.6% 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.

Free home value report

See what your 27604 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 27604 home prices compare?

27604$335,946
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

As of September 2026, there are 200 homes for sale in this ZIP with 66 new listings. The median days on market at 61 reflects a gradual sales pace. Notably, 30.5% of current listings have seen a price cut, suggesting sellers have adjusted expectations in a market where values have softened. Inventory remains available for buyers, but the downward trend in home values over the past year means sellers should price realistically if they want to move a property promptly.

Monthly payment

Estimate your monthly payment.

Home price

Down payment20% · $67,189

Term

Rate (%)

Common questions

What people ask us.

What is the typical home value in 27604?

The typical home value is $335,946 as of September 2026, down 2.6% compared to the prior year.

How many homes are currently for sale in 27604?

There are 200 homes for sale as of September 2026, with 66 new listings added that month.

How long do homes typically stay on the market here?

The median days on market is 61 as of September 2026.

Discover

Nearby ZIP markets.

Keep reading