Market Intelligence · NC / Raleigh

Raleigh, NC 27605 Housing Market

Homes in Raleigh's 27605 ZIP are worth $390,666 on average, down 3.6% over the past year. The median list price sits at $360,000, with homes spending 51 days on market as of September 2026.

Updated September 2026Median value$391K

The median home value in Raleigh, NC 27605 is $391K as of September 2026, down 3.6% 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.

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Typical 27605 range

$359K to $422K

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

-3.6% over 12 months

Sep 2025$405K

Low $391KHigh $405K

Sep 2026$391K

The numbers

What is the 27605 housing market like?

As of September 2026

Typical home value

$391K

3.6%YoY

Median list price

$360K

0.0%MoM

Days on market

21.5%MoM

Homes for sale

20.0%MoM

Price cuts

34.8%

143.9%MoM

New listings

12.5%MoM

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

The outlook

27605 housing market forecast 2027

-1.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 27605 to fall 1.0% by September 2027.

Over the 12 months through September 2026, typical home values in 27605 fell 3.6%, per the Zillow Home Value Index.

Will home prices drop in 27605?

Zillow's forecast says they may: it expects typical home values in 27605 to fall 1.0% by September 2027, after a 3.6% 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.

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The comparison

How do 27605 home prices compare?

27605$390,666
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 market in Raleigh, NC 27605 looks softer than a year ago, with the typical home value at $404,217 in August 2026 and down 2.9% over the past year. In September 2026 there were 54 homes for sale, with 18 new listings coming on. The median list price was $360,000, and the median days on market was 51. A 34.8% share of listings had a price cut, which suggests some sellers started too high and adjusted. For a seller, the honest read is that pricing needs to be realistic from day one.

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Home price

Down payment20% · $78,133

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Common questions

What people ask us.

What is a typical home worth in 27605?

Typical home value in 27605 is $390,666 as of September 2026, down 3.6% from the prior year.

How long do homes stay on the market in 27605?

The median days on market is 51 as of September 2026.

How many homes are for sale in 27605?

There are 54 homes for sale in 27605 as of September 2026, with 18 new listings added that month.

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Nearby ZIP markets.

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