Is Raleigh, NC 27617 a buyer’s or seller’s market?

The Raleigh housing market right now

In the three months ending August 31, 2026, 11% of homes in Raleigh, NC 27617 sold above their list price, the typical home went under contract in 34 days and there were 3.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 73 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (12% then), homes sold more slowly (29 days then) and the median sale price fell 9% to $424,816. Overall, Raleigh is about as competitive as it was a year ago.

Within Wake County, homes here sell faster than in 55% of the county’s ZIP codes, and sell less often over asking than in 83%. On our competition score, Raleigh ranks #94 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), while Raleigh 27608 (32% sold over asking) and Cary 27518 (29% sold over asking) are even more competitive.