Is Raleigh, NC 27607 a buyer’s or seller’s market?

The Raleigh housing market right now

In the three months ending August 31, 2026, 19% of homes in Raleigh, NC 27607 sold above their list price, the typical home went under contract in 47 days and there were 3.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 64 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 9%, homes sold more slowly (41 days then) and the median sale price fell 15% to $659,715. Overall, Raleigh is more competitive than a year ago, so tougher for buyers.

Within Wake County, homes here sell more slowly than in 76% of the county’s ZIP codes, and sell more often over asking than in 59%. On our competition score, Raleigh ranks #119 of 424 NC ZIP codes with enough sales (score 42 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.