Market Intelligence · NC / Raleigh

Raleigh, NC 27617 Housing Market

The typical home value in Raleigh's 27617 ZIP code is $434,865, down 3.1% over the past year. The median list price is $391,250, and homes are spending a median of 56 days on the market. There are 76 homes for sale.

Updated August 2026Median value$435K

The median home value in Raleigh, NC 27617 is $435K as of August 2026, down 3.1% 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 27617 range

$400K to $470K

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

Typical home value in 27617 over the last 12 months: $449K in Aug 2025 to $435K in Aug 2026 (-3.1%).

Aug 2025$449K

Aug 2026$435K

The numbers

What is the 27617 housing market like?

Typical home value

$435K

Down3.1%YoY

Median list price

$391K

Down1.2%MoM

Days on market

56

Down15.2%MoM

Homes for sale

76

Up1.3%MoM

Price cuts

11.2%

Down51.6%MoM

New listings

28

Down12.5%MoM

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

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The comparison

How do 27617 home prices compare?

  • 27617$434,865
  • 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 27617 are working with a cooler market than a year ago. The typical home value is $434,865, down 3.1% over the past year. There are 76 homes for sale, with 28 new listings, so buyers have options. Homes are taking a median of 56 days to sell, and the median list price is $391,250. About 11.2% of current listings have had a price cut. For anyone thinking about selling, pricing realistically from the start matters more than it did a year ago.

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