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RALEIGH, NC 27605

Real Estate Market Report
Buyer's Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 27605

Brooklyn (Glenwood) · Brooklyn Hill · Cameron Park · Cameron Village · Edgewood · Glenwood · Governors Point Towhomes · Oberlin Village · Park Rowe Townhomes

Market Analysis

Data as of March 2026. Source: Realtor.com.

The RALEIGH, NC real estate market (27605) currently shows 47 active listings, with 7 pending sales. Homes are averaging 55 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 55 days on market compared to 52 days last year.

The median listing price has fallen 26.3% year-over-year, from $509,000 to $375,000.

Whether you are buying or selling in RALEIGH, NC, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 6,085  ·  Density: 2,294.9/mi²  ·  Median household income: $62,126

Typical home value: $425,090  ·  Homeownership: 31.5%

Market Overview

Active Listings
47
⇧ 2.2% vs 46 last year
Pending
7
15% pending ratio
Median Price
$375,000
⇩ 26.3% vs $509,000 last year
Average Price
$660,252
⇩ 14.6% vs $773,194 last year
Days on Market
55
⇧ 5.8% vs 52 days last year

Price Per Square Foot

Median $/sqft
$408
⇩ 11.1% vs $459/sqft last year
Median Home Size
974 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 47 this year vs 46 last year
  • Days on market: 55 now vs 52 last year

Median & Average Pricing

Year over Year
  • Median: $375,000 (-26.3% YoY)
  • Average: $660,252 (-14.6% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 14.0 miles — 1,504 listings ($1,110,564,398 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
27605Raleigh, NC 276050.0 mi42$23,552,088$383,725$560,764
27608Raleigh, NC 276081.4 mi80$117,852,720$1,198,750$1,473,159
27609Raleigh, NC 276093.9 mi149$231,025,096$795,000$1,550,504
27612Raleigh, NC 276125.0 mi150$99,040,500$482,500$660,270
27604Raleigh, NC 276045.5 mi180$82,905,120$358,325$460,584
27615Raleigh, NC 276157.5 mi138$168,439,902$577,450$1,220,579
27518Cary, NC 275187.9 mi38$35,726,688$728,500$940,176
27616Raleigh, NC 276168.4 mi230$87,075,700$349,125$378,590
27545Knightdale, NC 275459.8 mi135$63,575,685$434,900$470,931
27617Raleigh, NC 2761710.4 mi89$40,669,173$427,500$456,957
27560Morrisville, NC 2756010.7 mi66$38,321,382$495,000$580,627
27539Apex, NC 2753911.8 mi118$79,761,982$606,933$675,949
27571Rolesville, NC 2757114.0 mi89$42,618,362$477,740$478,858

Frequently Asked Questions

How many homes are for sale in RALEIGH, NC 27605?

As of March 2026, there are 47 active listings in RALEIGH, NC (zip code 27605), compared to 46 the prior year.

What is the median home price in RALEIGH, NC 27605?

The median listing price in RALEIGH, NC 27605 is $375,000 as of March 2026, a 26.3% decrease from $509,000 the prior year.

How long do homes stay on the market in RALEIGH, NC?

Homes in RALEIGH, NC 27605 spend an average of 55 days on the market before going under contract, compared to 52 days the prior year.

Is it a seller's or buyer's market in RALEIGH, NC 27605?

Based on current inventory and days-on-market data as of March 2026, RALEIGH, NC 27605 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 55 days on market compared to 52 days last year.

How much can I save on real estate commission in RALEIGH, NC?

With SELL123.com's maximum 3% commission, sellers in RALEIGH, NC 27605 save an estimated $7,500 compared to a typical 5% commission on the median listing price of $375,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.