Market Intelligence · NC / Raleigh

Raleigh, NC 27616 Housing Market

The typical home value in Raleigh's 27616 ZIP code is $356,822, down 4.0% over the past year. The median list price is $380,975, and homes are taking a median of 44 days to sell as of June 1, 2026.

Updated June 2026Median value$357K

The median home value in Raleigh, NC 27616 is $357K as of June 2026, down 4.0% 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.

Get a cash offer

Sell without the wait

Sell your Raleigh home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 27616 range

$328K to $385K

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.

Track my home's value

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 27616 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Raleigh, NC.

12-month value trend

-4.0% over 12 months

Typical home value in 27616 over the last 12 months: $372K in Jun 2025 to $357K in Jun 2026 (-4.0%).

Jun 2025$372K

Jun 2026$357K

The numbers

What is the 27616 housing market like?

Typical home value

$357K

Down4.0%YoY

Median list price

$381K

Days on market

44

Up25.7%MoM

Homes for sale

184

Price cuts

27.3%

New listings

68

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

Free home value report

See what your 27616 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 27616 home prices compare?

  • 27616$356,822
  • Raleigh$506,791
  • North Carolina$290,858
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Raleigh: 15 ZIPs; North Carolina: 718 ZIPs; United States: 26,270 ZIPs).

Context

As of June 1, 2026, there are 184 homes for sale in 27616, with 68 new listings added recently. The median list price is $380,975, while the typical home value sits at $356,822, down 4.0% over the past year. Homes are spending a median of 44 days on the market, and 27.3% of listings have had a price cut. For sellers, the softer values and frequent price cuts mean pricing carefully from the start matters more than usual.

Monthly payment

Estimate your monthly payment.

20% · $71,364

Common questions

What people ask us.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.