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RALEIGH, NC 27616

Real Estate Market Report  ·  Wake County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
217
⇧ 13.6% vs 191 last year
Pending
72
33% pending ratio
Median Price
$359,000
⇧ 0.1% vs $358,700 last year
Average Price
$387,241
⇩ 1.8% vs $394,263 last year
Days on Market
66
⇧ 17.9% vs 56 days last year

Market Context

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

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

Market Analysis

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

The RALEIGH, NC real estate market (27616) currently shows 217 active listings, with 72 pending sales. Homes are averaging 66 days on the market before going under contract.

Inventory has increased compared to last year, with 26 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 66 days on market compared to 56 days last year.

The median listing price has risen 0.1% year-over-year, from $358,700 to $359,000.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 217 this year vs 191 last year
  • Days on market: 66 now vs 56 last year

Median & Average Pricing

Year over Year
  • Median: $359,000 (+0.1% YoY)
  • Average: $387,241 (-1.8% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 16.1 miles — 2,096 listings ($1,491,586,897 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
27616Raleigh, NC 276160.0 mi217$84,031,297$359,000$387,241
27571Rolesville, NC 275715.5 mi71$34,340,428$488,490$483,668
27615Raleigh, NC 276155.9 mi125$151,274,500$575,000$1,210,196
27614Raleigh, NC 276147.2 mi153$184,825,530$600,000$1,208,010
27587Wake Forest, NC 275877.9 mi462$352,362,318$535,000$762,689
27601Raleigh, NC 276018.4 mi68$51,943,908$600,000$763,881
27612Raleigh, NC 276129.4 mi141$89,602,680$475,000$635,480
27613Raleigh, NC 2761310.6 mi84$77,816,508$572,000$926,387
27596Youngsville, NC 2759611.1 mi213$145,247,895$557,450$681,915
27617Raleigh, NC 2761713.4 mi77$35,728,077$430,000$464,001
27529Garner, NC 2752915.2 mi284$128,473,364$425,000$452,371
27511Cary, NC 2751115.6 mi146$124,980,672$560,000$856,032
27560Morrisville, NC 2756016.1 mi55$30,959,720$494,763$562,904

Frequently Asked Questions

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

As of January 2026, there are 217 active listings in RALEIGH, NC (zip code 27616), compared to 191 the prior year.

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

The median listing price in RALEIGH, NC 27616 is $359,000 as of January 2026, a 0.1% increase from $358,700 the prior year.

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

Homes in RALEIGH, NC 27616 spend an average of 66 days on the market before going under contract, compared to 56 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 January 2026, RALEIGH, NC 27616 is currently a Buyer's Market. Inventory has increased compared to last year, with 26 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 66 days on market compared to 56 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 $7,180 compared to a typical 5% commission on the median listing price of $359,000. 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.