How much is a home in 27616 worth?

The typical home in Raleigh, NC 27616 is worth $350,666 as of 2026-08-01, down 3.4% over the past year.

How long does it take to sell a home in 27616?

Homes in 27616 spend a median of 58 days on market as of 2026-08-01, and 27.3% of listings have had a price cut.

How competitive is the 27616 housing market?

There are 195 homes for sale in 27616 as of 2026-08-01, with 72 new listings added. The median list price is $379,450.

Market Intelligence · NC / Raleigh

Raleigh, NC 27616 Housing Market

The typical home in Raleigh, NC 27616 is worth $350,666, down 3.4% over the past year as of 2026-08-01. The median list price is $379,450, and homes spend a median of 58 days on market.

Updated August 2026Median value$351K

The median home value in Raleigh, NC 27616 is $351K as of August 2026, down 3.4% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 27616 range

$323K to $379K

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

-3.4% over 12 months

Aug 2025$363K

Low $351KHigh $363K

Aug 2026$351K

The numbers

What is the 27616 housing market like?

As of August 2026

Typical home value

$351K

3.4%YoY

Median list price

$379K

0.0%MoM

Days on market

13.7%MoM

Homes for sale

195

3.7%MoM

Price cuts

27.3%

11.4%MoM

New listings

2.7%MoM

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

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The comparison

How do 27616 home prices compare?

27616$350,666
Raleigh$497,314
North Carolina$287,619
United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Raleigh: 15 ZIPs; North Carolina: 718 ZIPs; United States: 26,265 ZIPs).

Context

Sellers in 27616 are listing at a median of $379,450 while the typical home value sits at $350,666, down 3.4% over the past year. There are 195 homes for sale and 72 new listings as of 2026-08-01, so buyers have real choice. Homes take a median of 58 days to go under contract, and 27.3% of listings have taken a price cut. That points to a market that has cooled, with buyers holding more leverage than they did a year ago. For a seller, pricing realistically from day one matters more than testing the high end.

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