Market Intelligence · NC / Raleigh

Raleigh, NC 27606 Housing Market

Typical home values in 27606 have declined 1.3% over the past year, settling around $430,708. The median list price stands at $363,725, with homes spending 61 days on the market as of September 2026.

Updated September 2026Median value$431K

The median home value in Raleigh, NC 27606 is $431K as of September 2026, down 1.3% 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 27606 range

$396K to $465K

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

-1.3% over 12 months

Sep 2025$436K

Low $431KHigh $436K

Sep 2026$431K

The numbers

What is the 27606 housing market like?

As of September 2026

Typical home value

$431K

1.3%YoY

Median list price

$364K

7.9%MoM

Days on market

29.8%MoM

Homes for sale

127

3.1%MoM

Price cuts

25.1%

10.0%MoM

New listings

18.2%MoM

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

The outlook

27606 housing market forecast 2027

-0.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 27606 to fall 0.5% by September 2027.

Over the 12 months through September 2026, typical home values in 27606 fell 1.3%, per the Zillow Home Value Index.

Will home prices drop in 27606?

Zillow's forecast says they may: it expects typical home values in 27606 to fall 0.5% by September 2027, after a 1.3% 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 27606 home prices compare?

27606$430,708
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

Raleigh's 27606 ZIP shows a market with moderate activity and headwinds. There are 127 homes for sale, with 36 new listings added in September 2026. The median days on market of 61 suggests homes are taking time to move. About one in four listings, specifically 25.1%, have received price cuts. For sellers, this combination of softening values and price adjustments means pricing carefully from day one matters more than in a heated market.

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Down payment20% · $86,142

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Common questions

What people ask us.

What is the typical home value in 27606?

As of September 2026, the typical home value in 27606 is $430,708, down 1.3% compared to the prior year.

How many homes are for sale in 27606?

There are 127 homes for sale as of September 2026, with 36 new listings added that month.

How long do homes stay on the market in 27606?

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

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