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RALEIGH, NC 27617

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

Market Analysis

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

The RALEIGH, NC real estate market (27617) currently shows 106 active listings, with 31 pending sales. Homes are averaging 66 days on the market before going under contract.

Inventory has increased compared to last year, with 4 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 fallen 4% year-over-year, from $412,498 to $396,000.

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: 19,202  ·  Density: 896.3/mi²  ·  Median household income: $102,207

Typical home value: $417,544  ·  Homeownership: 44.6%

Market Overview

Active Listings
106
⇧ 3.9% vs 102 last year
Pending
31
29% pending ratio
Median Price
$396,000
⇩ 4% vs $412,498 last year
Average Price
$425,907
⇩ 9.8% vs $472,060 last year
Days on Market
66
⇧ 17.9% vs 56 days last year

Price Per Square Foot

Median $/sqft
$214
⇩ 7% vs $230/sqft last year
Median Home Size
1,866 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 106 this year vs 102 last year
  • Days on market: 66 now vs 56 last year

Median & Average Pricing

Year over Year
  • Median: $396,000 (-4% YoY)
  • Average: $425,907 (-9.8% 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 13.4 miles — 2,219 listings ($1,396,643,744 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
27617Raleigh, NC 276170.0 mi89$40,669,173$427,500$456,957
27703Durham, NC 277034.3 mi440$194,054,080$404,033$441,032
27612Raleigh, NC 276125.5 mi150$99,040,500$482,500$660,270
27513Cary, NC 275137.4 mi92$60,218,416$499,000$654,548
27614Raleigh, NC 276148.9 mi158$189,471,388$622,500$1,199,186
27713Durham, NC 277139.3 mi183$112,543,353$408,500$614,991
27701Durham, NC 277019.5 mi118$73,869,770$460,500$626,015
27704Durham, NC 277049.8 mi185$67,665,970$329,950$365,762
27605Raleigh, NC 2760510.4 mi42$23,552,088$383,725$560,764
27640Raleigh, NC 2764011.2 mi1$760,000$760,000$760,000
27601Raleigh, NC 2760112.0 mi71$51,961,066$589,750$731,846
27604Raleigh, NC 2760413.1 mi180$82,905,120$358,325$460,584
27587Wake Forest, NC 2758713.4 mi510$399,932,820$550,750$784,182

Frequently Asked Questions

How many homes are for sale in RALEIGH, NC 27617?

As of July 2026, there are 106 active listings in RALEIGH, NC (zip code 27617), compared to 102 the prior year.

What is the median home price in RALEIGH, NC 27617?

The median listing price in RALEIGH, NC 27617 is $396,000 as of July 2026, a 4% decrease from $412,498 the prior year.

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

Homes in RALEIGH, NC 27617 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 27617?

Based on current inventory and days-on-market data as of July 2026, RALEIGH, NC 27617 is currently a Buyer's Market. Inventory has increased compared to last year, with 4 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 27617 save an estimated $7,920 compared to a typical 5% commission on the median listing price of $396,000. 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.