Is Raleigh, NC 27601 a buyer’s or seller’s market?

The Raleigh housing market right now

In the three months ending August 31, 2026, 10% of homes in Raleigh, NC 27601 sold above their list price, the typical home went under contract in 45 days and there were 8.2 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 31 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 7%, homes sold faster (51 days then) and the median sale price fell 6% to $508,640. Overall, Raleigh is more competitive than a year ago, so tougher for buyers.

Within Wake County, homes here sell more slowly than in 72% of the county’s ZIP codes, and sell less often over asking than in 97%. On our competition score, Raleigh ranks #325 of 424 NC ZIP codes with enough sales (score 20 out of 100).

Nearby, buyers who want less competition could look at Raleigh 27605 (4% sold over asking), while Raleigh 27608 (32% sold over asking) and Cary 27518 (29% sold over asking) are even more competitive.