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Addison Reserve Arbor Chase Bentley Woods Berkshire Downs Brookdale Brookstone Brynnan Place Calender Cameron Shearon Cardinal Grove Carlton Park Castlebury Cedar Village Cobblestone Coldwater Springs Country Crossing Country Pines Courtney Place Coventry Deer Creek Enclave at Forestville Farms Evian Heights at Heron Park Fairway North Forestville Farms Fox Den North Fox Glen Fox Haven Glens at Riverside Townhomes Greenbrier Townhomes Greystar Plantation Point Hayden Woods Heron Park High Meadows Holly Ridge Hope Valley Ivy Glen Ivy Ridge Jeffreys Creek Landing at Neuse Crossing Landover Lauren Oaks Lincoln Villas Loop Road Mallard Crossing Massey Preserve Meryton Milburnie Meadows Mitchell Mill Neuse Crossing North College Park North Farms Oak Forest Estates Park at Perry Creek Pattington Village Pebble Ridge Perry Creek Renaissance at Valley Stream River Bluffs Riverside Smoketree Somerset Place Somerset Spring Southall Commons Townhomes Spring Pines Springburg Springfield Stone Ridge Stowecroft Strawns Crossing Suncrest Village Terrace Park The Glen at Spring Forest Thornton Commons Townhomes Thornton Place Thornton Square Townhomes Tradewinds Triangle Townhomes at Fox Road Valley Cove Valley Stream Village of Fox Run Wakebrook Estates Wheatleigh at The Preserve Will-O-Dean Acres Willow Lake Winchester Windward Downs Winston Hills Winter Park Wyndfall

RALEIGH, NC 27616

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

Neighborhoods in ZIP 27616

Addison Reserve · Arbor Chase · Bentley Woods · Berkshire Downs · Brookdale · Brookstone · Brynnan Place · Calender · Cameron Shearon · Cardinal Grove · Carlton Park · Castlebury · Cedar Village · Cobblestone · Coldwater Springs · Country Crossing · Country Pines · Courtney Place · Coventry · Deer Creek · Enclave at Forestville Farms · Evian Heights at Heron Park · Fairway North · Forestville Farms · Fox Den North · Fox Glen · Fox Haven · Glens at Riverside Townhomes · Greenbrier Townhomes · Greystar Plantation Point · Hayden Woods · Heron Park · High Meadows · Holly Ridge · Hope Valley · Ivy Glen · Ivy Ridge · Jeffreys Creek · Landing at Neuse Crossing · Landover · Lauren Oaks · Lincoln Villas · Loop Road · Mallard Crossing · Massey Preserve · Meryton · Milburnie Meadows · Mitchell Mill · Neuse Crossing · North College Park · North Farms · Oak Forest Estates · Park at Perry Creek · Pattington Village · Pebble Ridge · Perry Creek · Renaissance at Valley Stream · River Bluffs · Riverside · Smoketree · Somerset Place · Somerset Spring · Southall Commons Townhomes · Spring Pines · Springburg · Springfield · Stone Ridge · Stowecroft · Strawns Crossing · Suncrest Village · Terrace Park · The Glen at Spring Forest · Thornton Commons Townhomes · Thornton Place · Thornton Square Townhomes · Tradewinds · Triangle Townhomes at Fox Road · Valley Cove · Valley Stream · Village of Fox Run · Wakebrook Estates · Wheatleigh at The Preserve · Will-O-Dean Acres · Willow Lake · Winchester · Windward Downs · Winston Hills · Winter Park · Wyndfall

Market Analysis

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

The RALEIGH, NC real estate market (27616) currently shows 252 active listings, with 109 pending sales. Homes are averaging 43 days on the market before going under contract.

Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 43 days on market compared to 39 days last year.

The median listing price has fallen 9.9% year-over-year, from $380,000 to $342,450.

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: 57,599  ·  Density: 988.7/mi²  ·  Median household income: $77,566

Typical home value: $283,530  ·  Homeownership: 57.8%

Market Overview

Active Listings
252
⇧ 4.6% vs 241 last year
Pending
109
43% pending ratio
Median Price
$342,450
⇩ 9.9% vs $380,000 last year
Average Price
$383,775
⇩ 12.6% vs $439,082 last year
Days on Market
43
⇧ 10.3% vs 39 days last year

Price Per Square Foot

Median $/sqft
$194
⇩ 3% vs $200/sqft last year
Median Home Size
1,783 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 252 this year vs 241 last year
  • Days on market: 43 now vs 39 last year

Median & Average Pricing

Year over Year
  • Median: $342,450 (-9.9% YoY)
  • Average: $383,775 (-12.6% 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 15.7 miles — 2,671 listings ($1,723,148,201 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
27616Raleigh, NC 276160.0 mi230$87,075,700$349,125$378,590
27571Rolesville, NC 275715.5 mi89$42,618,362$477,740$478,858
27615Raleigh, NC 276155.9 mi138$168,439,902$577,450$1,220,579
27614Raleigh, NC 276147.2 mi158$189,471,388$622,500$1,199,186
27587Wake Forest, NC 275877.9 mi510$399,932,820$550,750$784,182
27605Raleigh, NC 276058.4 mi42$23,552,088$383,725$560,764
27610Raleigh, NC 276108.6 mi300$123,856,200$352,875$412,854
27591Wendell, NC 2759110.2 mi341$156,849,088$408,663$459,968
27607Raleigh, NC 2760711.1 mi74$103,587,716$1,063,750$1,399,834
27597Zebulon, NC 2759713.3 mi286$137,745,036$399,450$481,626
27606Raleigh, NC 2760613.4 mi118$71,378,436$430,750$604,902
27513Cary, NC 2751315.4 mi92$60,218,416$499,000$654,548
27603Raleigh, NC 2760315.7 mi293$158,423,049$449,999$540,693

Frequently Asked Questions

How many homes are for sale in RALEIGH, NC 27616?

As of March 2026, there are 252 active listings in RALEIGH, NC (zip code 27616), compared to 241 the prior year.

What is the median home price in RALEIGH, NC 27616?

The median listing price in RALEIGH, NC 27616 is $342,450 as of March 2026, a 9.9% decrease from $380,000 the prior year.

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

Homes in RALEIGH, NC 27616 spend an average of 43 days on the market before going under contract, compared to 39 days the prior year.

Is it a seller's or buyer's market in RALEIGH, NC 27616?

Based on current inventory and days-on-market data as of March 2026, RALEIGH, NC 27616 is currently a Buyer's Market. Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 43 days on market compared to 39 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 27616 save an estimated $6,849 compared to a typical 5% commission on the median listing price of $342,450. 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.