Market Intelligence · NC / Raleigh

Raleigh, NC 27605 Housing Market

The typical home value in Raleigh, NC 27605 is $404,217, down 2.9% over the past year. The median list price sits at $359,900, and homes spend a median of 65 days on market. Sellers here should expect a slower pace than in a hot market.

Updated August 2026Median value$404K

The median home value in Raleigh, NC 27605 is $404K as of August 2026, down 2.9% 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 27605 range

$372K to $437K

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

-2.9% over 12 months

Typical home value in 27605 over the last 12 months: $416K in Aug 2025 to $404K in Aug 2026 (-2.9%).

Aug 2025$416K

Aug 2026$404K

The numbers

What is the 27605 housing market like?

Typical home value

$404K

Down2.9%YoY

Median list price

$360K

Down1.3%MoM

Days on market

65

Down9.7%MoM

Homes for sale

45

Up4.7%MoM

Price cuts

14.3%

Down7.6%MoM

New listings

16

Up14.3%MoM

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

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The comparison

How do 27605 home prices compare?

  • 27605$404,217
  • 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

There are 45 homes for sale in 27605, with 16 new listings coming on as of 2026-08-01. The median days on market is 65, so buyers have time to compare options and negotiate. About 14.3% of listings have taken a price cut, which fits with a typical home value of $404,217 that is down 2.9% over the past year. With the median list price at $359,900, pricing near market matters more than aiming high. For a seller, the honest read is that realistic pricing and patience will do more than waiting for conditions to improve.

Monthly payment

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20% · $80,843

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