Is Raleigh, NC 27605 a buyer’s or seller’s market?
Raleigh is a balanced market. With about 5.7 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 3% of U.S. ZIP codes, and #402 of 424 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Raleigh housing market right now
In the three months ending August 31, 2026, 4% of homes in Raleigh, NC 27605 sold above their list price, the typical home went under contract in 92 days and there were 5.7 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 25 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 9%, homes sold more slowly (54 days then) and the median sale price rose 64% to $643,721. Overall, Raleigh is less competitive than a year ago, which gives buyers more room.
Within Wake County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county. On our competition score, Raleigh ranks #402 of 424 NC ZIP codes with enough sales (score 9 out of 100).
Nearby, Raleigh 27608 (32% sold over asking) and Cary 27518 (29% sold over asking) are even more competitive.
Run the numbers for 27605
Nearby markets
Apex 27502Seller’s market $241 /sq ftApex 27539Seller’s market $237 /sq ftCary 27511Seller’s market $286 /sq ftCary 27513Seller’s market $258 /sq ft Browse all markets →Towns like Raleigh nearby
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Questions about Raleigh real estate
Is Raleigh a buyer’s or seller’s market?
A balanced market: there were 5.7 months of supply in Raleigh, NC 27605 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Raleigh?
The typical home went under contract in 92 days in the latest three months.
Do homes in Raleigh sell over asking?
4% of homes sold above their original list price, and the typical sale closed at 96.2% of the list price.
What are property taxes in Raleigh?
About 0.71% of a home’s value a year in Wake County, or roughly $2,840 on a $400,000 home.
What is the median home price in Raleigh?
The median sale price was $643,721 in the three months ending August 31, 2026, about $389 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology