Market Intelligence · NC / Raleigh

Raleigh, NC 27608 Housing Market

Homes in Raleigh's 27608 ZIP typically sell for $1,036,437, up 3.1% over the past year. The median list price sits at $1,162,500, with homes averaging 88 days on the market as of September 2026.

Updated September 2026Median value$1036K

The median home value in Raleigh, NC 27608 is $1.04M as of September 2026, up 3.1% 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 27608 range

$954K to $1.12M

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

+3.1% over 12 months

Sep 2025$1.01M

Low $1.01MHigh $1.04M

Sep 2026$1.04M

The numbers

What is the 27608 housing market like?

As of September 2026

Typical home value

$1.04M

3.1%YoY

Median list price

$1.16M

15.0%MoM

Days on market

3.5%MoM

Homes for sale

14.5%MoM

Price cuts

9.8%

29.5%MoM

New listings

50.0%MoM

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

The outlook

27608 housing market forecast 2027

-0.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 27608 to stay roughly flat by September 2027 (down 0.1%).

Over the 12 months through September 2026, typical home values in 27608 rose 3.1%, per the Zillow Home Value Index.

Will home prices drop in 27608?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 27608 to stay roughly flat by September 2027 (down 0.1%), after a 3.1% 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 27608 home prices compare?

27608$1,036,437
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 inventory picture shows 79 homes for sale with 24 new listings in September 2026. Median days on market of 88 suggests a measured selling pace, neither rushed nor stalled. About 9.8% of listings have seen a price cut, indicating some adjustment in an otherwise appreciating market. The uptick in value over the past year reflects steady demand, though current absorption rates suggest sellers should be realistic about pricing and timeline expectations.

Monthly payment

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Home price

Down payment20% · $207,287

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Common questions

What people ask us.

What is a typical home value in 27608?

Typical home value in this ZIP is $1,036,437 as of September 2026, up 3.1% over the past year.

How long do homes typically stay on the market here?

Median days on market is 88 as of September 2026.

How many homes are currently listed in 27608?

There are 79 homes for sale as of September 2026, with 24 new listings that month.

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