Market Intelligence · NC / Raleigh

Raleigh, NC 27617 Housing Market

Typical homes in 27617 were worth $429,930 as of September 2026, down 3.2% over the past year. The median list price sits at $395,875, with homes taking 58 days on market on average.

Updated September 2026Median value$430K

The median home value in Raleigh, NC 27617 is $430K as of September 2026, down 3.2% 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 27617 range

$396K to $464K

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

-3.2% over 12 months

Typical home value in 27617 over the last 12 months: $444K in Sep 2025 to $430K in Sep 2026 (-3.2%).

Sep 2025$444K

Sep 2026$430K

The numbers

What is the 27617 housing market like?

Typical home value

$430K

Down3.2%YoY

Median list price

$396K

Up1.2%MoM

Days on market

58

Up3.6%MoM

Homes for sale

79

Up3.9%MoM

Price cuts

34.6%

Up209.0%MoM

New listings

20

Down28.6%MoM

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

The outlook

27617 housing market forecast 2027

-0.7%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 27617 to fall 0.7% by September 2027.

Over the 12 months through September 2026, typical home values in 27617 fell 3.2%, per the Zillow Home Value Index.

Will home prices drop in 27617?

Zillow's forecast says they may: it expects typical home values in 27617 to fall 0.7% by September 2027, after a 3.2% decline 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 27617 home prices compare?

  • 27617$429,930
  • 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 Raleigh 27617 market shows signs of softening. There are 79 homes for sale, with just 20 new listings added in September 2026. The median days on market of 58 indicates homes are spending more time waiting for buyers. Price cuts have appeared on 34.6% of listings, reflecting the year-over-year value decline. If you're thinking about selling, this is a market where pricing strategy and timing matter more than they did a year ago.

Monthly payment

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20% · $85,986

Common questions

What people ask us.

What is the typical home value in 27617?

Typical home value in 27617 is $429,930 as of September 2026, down 3.2% from the prior year.

How many homes are currently for sale?

There are 79 homes for sale as of September 2026, with 20 new listings in that same month.

How long do homes typically stay on the market?

The median days on market is 58 as of September 2026.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.