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RALEIGH, NC 27609

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

Neighborhoods in ZIP 27609

Anderson Forest · Anderson Heights · Ashebrook · Ashley Park · Ashton Hall · Belair · Bellevue Terrace · Briarcliff · Brook Forest Townhomes · Brookshire · Cambridge · Carolina Country Club · Cedar Hill Estates · Cedar Hills Estates · Chestnut Hills · Colony Woods · Country Club Hill · Country Club Villas · Crabtree Heights · Crabtree Trust · Crestview · Drewry Hills · Eastgate · Eden Forest · Fairfax · Falls Church · Farrior Hills · Forest Ridge · Fox Run · Gadland Court Townhomes · Green Acres · Greenwood Farms · Guard Hill · Hamlin · Hearthridge · Hickory Hills · Hickory Hollow · Jordan · Lakemont · Lakestone · Lassiter · Lynn Ridge Townhomes · Marlowe Court · Meadow Hill Place · Millbrook Estates · Millstream · Montclair · Nine North · North Bend · North Hills · North Hills Place · North Ridge · Northclift · Northglen · Northwood Acres · Northwyck · Oakview · Pecan Townes · Pinecrest · Pinecrest Park · Plantation Road · Proctor · Quail Forest · Quail Hollow · Quail Meadows · Quail Pointe · Quail Ridge · Ramblestone · Ramblewood · Riverbirch Township · Rock Cliff · Scarsdale · Sloans Garden Lane · South Six Forks · Spring Garden Townhomes · Spring Hill · Spring Valley · Stafford Townhomes · Stratford Court · Stratton Park · Sussex Place · Sweetbriar Forest · Temple Street · The Cascades · The Commons at Sandy Forks · The Overlook · The Villas at Millbrook · Tuscany Townhomes · Upper Buncombe · Village Gate · Waco Heights · Williamsborough · Woodglen · Woodrow Park · Woods of Saint Albans

Market Analysis

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

The RALEIGH, NC real estate market (27609) currently shows 165 active listings, with 57 pending sales. Homes are averaging 57 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 57 days on market compared to 44 days last year.

The median listing price has fallen 7.5% year-over-year, from $834,900 to $772,500.

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: 35,038  ·  Density: 1,236.4/mi²  ·  Median household income: $78,118

Typical home value: $399,214  ·  Homeownership: 49.5%

Market Overview

Active Listings
165
⇧ 0.6% vs 164 last year
Pending
57
35% pending ratio
Median Price
$772,500
⇩ 7.5% vs $834,900 last year
Average Price
$1,531,629
⇩ 2.8% vs $1,576,514 last year
Days on Market
57
⇧ 29.5% vs 44 days last year

Price Per Square Foot

Median $/sqft
$318
⇩ 12.2% vs $362/sqft last year
Median Home Size
2,649 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 165 this year vs 164 last year
  • Days on market: 57 now vs 44 last year

Median & Average Pricing

Year over Year
  • Median: $772,500 (-7.5% YoY)
  • Average: $1,531,629 (-2.8% 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 13.7 miles — 2,369 listings ($1,735,861,154 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
27609Raleigh, NC 276090.0 mi149$231,025,096$795,000$1,550,504
27615Raleigh, NC 276153.7 mi138$168,439,902$577,450$1,220,579
27640Raleigh, NC 276404.0 mi1$760,000$760,000$760,000
27604Raleigh, NC 276044.2 mi180$82,905,120$358,325$460,584
27607Raleigh, NC 276075.5 mi74$103,587,716$1,063,750$1,399,834
27614Raleigh, NC 276147.2 mi158$189,471,388$622,500$1,199,186
27610Raleigh, NC 276108.5 mi300$123,856,200$352,875$412,854
27617Raleigh, NC 276179.0 mi89$40,669,173$427,500$456,957
27513Cary, NC 275139.9 mi92$60,218,416$499,000$654,548
27587Wake Forest, NC 2758710.6 mi510$399,932,820$550,750$784,182
27571Rolesville, NC 2757110.8 mi89$42,618,362$477,740$478,858
27603Raleigh, NC 2760312.5 mi293$158,423,049$449,999$540,693
27529Garner, NC 2752913.7 mi296$133,953,912$415,475$452,547

Frequently Asked Questions

How many homes are for sale in RALEIGH, NC 27609?

As of March 2026, there are 165 active listings in RALEIGH, NC (zip code 27609), compared to 164 the prior year.

What is the median home price in RALEIGH, NC 27609?

The median listing price in RALEIGH, NC 27609 is $772,500 as of March 2026, a 7.5% decrease from $834,900 the prior year.

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

Homes in RALEIGH, NC 27609 spend an average of 57 days on the market before going under contract, compared to 44 days the prior year.

Is it a seller's or buyer's market in RALEIGH, NC 27609?

Based on current inventory and days-on-market data as of March 2026, RALEIGH, NC 27609 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 57 days on market compared to 44 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 27609 save an estimated $15,450 compared to a typical 5% commission on the median listing price of $772,500. 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.