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Market Intelligence · NC / Raleigh

Raleigh, NC 27607 Housing Market

The typical home value in Raleigh's 27607 ZIP code is $708,181, up 1.3% over the past year. The median list price sits at $1,042,500, with homes taking a median 85 days to sell as of September 2026.

Updated September 2026Median value$708K

The median home value in Raleigh, NC 27607 is $708K as of September 2026, up 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 27607 range

$652K to $765K

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

Typical home value in 27607 over the last 12 months: $699K in Sep 2025 to $708K in Sep 2026 (+1.3%).

Sep 2025$699K

Sep 2026$708K

The numbers

What is the 27607 housing market like?

Typical home value

$708K

Up1.3%YoY

Median list price

$1.04M

Down4.5%MoM

Days on market

85

Down3.4%MoM

Homes for sale

68

Down8.1%MoM

Price cuts

28.7%

Up22.1%MoM

New listings

16

Down20.0%MoM

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

The outlook

27607 housing market forecast 2027

-0.3%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 27607 to stay roughly flat by September 2027 (down 0.3%).

Over the 12 months through September 2026, typical home values in 27607 rose 1.3%, per the Zillow Home Value Index.

Will home prices drop in 27607?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 27607 to stay roughly flat by September 2027 (down 0.3%), after a 1.3% rise 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 27607 home prices compare?

  • 27607$708,181
  • 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 68 homes for sale in 27607, with 16 new listings entering the market recently. The median time on market of 85 days reflects a slower sales cycle than many active markets. Nearly 28.7% of listings have seen a price cut, suggesting sellers are adjusting expectations. Despite modest recent appreciation, the combination of inventory levels and price reductions points to a buyer-friendly environment where negotiation room exists.

Monthly payment

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20% · $141,636

Common questions

What people ask us.

What is the typical home value in 27607?

The typical home value is $708,181, having appreciated 1.3% over the past year as of September 2026.

How long do homes stay on the market in 27607?

The median days on market is 85 as of September 2026.

How many homes are currently for sale in 27607?

There are 68 homes for sale as of September 2026, with 16 new listings recently added.

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