Market Intelligence · NC / Raleigh

Raleigh, NC 27609 Housing Market

Homes in Raleigh's 27609 ZIP typically sell for $546,103, up 1.8% over the past year. The median list price sits at $680,000, with homes spending a median of 67 days on the market as of September 2026.

Updated September 2026Median value$546K

The median home value in Raleigh, NC 27609 is $546K as of September 2026, up 1.8% 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 27609 range

$502K to $590K

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

+1.8% over 12 months

Sep 2025$536K

Low $536KHigh $546K

Sep 2026$546K

The numbers

What is the 27609 housing market like?

As of September 2026

Typical home value

$546K

1.8%YoY

Median list price

$680K

6.2%MoM

Days on market

3.1%MoM

Homes for sale

138

3.8%MoM

Price cuts

15.9%

31.3%MoM

New listings

0.0%MoM

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

The outlook

27609 housing market forecast 2027

-0.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 27609 to fall 0.5% by September 2027.

Over the 12 months through September 2026, typical home values in 27609 rose 1.8%, per the Zillow Home Value Index.

Will home prices drop in 27609?

Zillow's forecast says they may: it expects typical home values in 27609 to fall 0.5% by September 2027, after a 1.8% 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 27609 home prices compare?

27609$546,103
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 27609 shows a moderate pace of activity. There are currently 138 homes for sale, with 40 new listings added in September 2026. About 15.9% of active listings have received a price cut, suggesting some sellers are adjusting expectations. The 67-day median time on market indicates homes are taking longer to find buyers than in faster-moving markets. For sellers, this environment rewards pricing strategically from the start.

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Down payment20% · $109,221

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Common questions

What people ask us.

What is the typical home value in 27609?

Typical home values in this ZIP stand at $546,103, reflecting a 1.8% increase over the past year.

How long do homes typically stay on the market in 27609?

As of September 2026, the median days on market is 67, indicating a moderately paced sales cycle.

Are many homes getting price cuts in 27609?

Yes, about 15.9% of active listings have received a price cut as of September 2026.

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