Is Raleigh, NC 27604 a buyer’s or seller’s market?

The Raleigh housing market right now

In the three months ending August 31, 2026, 18% of homes in Raleigh, NC 27604 sold above their list price, the typical home went under contract in 40 days and there were 4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 163 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (17% then), homes sold more slowly (33 days then) and the median sale price fell 4% to $349,849. Overall, Raleigh is about as competitive as it was a year ago.

Within Wake County, homes here sell more slowly than in 59% of the county’s ZIP codes, and sell less often over asking than in 52%. On our competition score, Raleigh ranks #102 of 424 NC ZIP codes with enough sales (score 44 out of 100).

Nearby, buyers who want less competition could look at Raleigh 27605 (4% sold over asking) or Raleigh 27601 (10% sold over asking), while Raleigh 27608 (32% sold over asking) and Cary 27518 (29% sold over asking) are even more competitive.