Updated July 2026Zillowmonthly
27616 Real Estate Market Update: Raleigh, NC, July 2026
The latest housing-market numbers for ZIP code 27616 in Raleigh, North Carolina, for July 2026: a $342K median sale price, straight from Zillow Research. ZIP-level figures are monthly figures, smoothed over three months by Zillow.
| Metric | Value | MoM | YoY |
|---|---|---|---|
| Median sale price | $342K | ▼ -1.2% | ▼ -3.0% |
| Days to pending | 48 | ▼ -2.0% | ▲ +9.1% |
| Homes for sale | 227 | ▲ +3.7% | ▲ +17.6% |
| Sale-to-list | 98.7% | ▼ -0.3% | ▲ +0.6% |
| New listings | 69 | ▼ -5.5% | ▲ +7.8% |
Figures from Zillow Research (monthly figures, smoothed over three months by Zillow). Verify against your MLS before posting. Not a valuation for a specific home.
What the 27616 numbers say
The 27616 ZIP in Raleigh is cooling. The median sale price sits at $342,172, 3.0% below last year. Pace is steady: a typical listing goes under contract in about 48 days, with sellers getting 98.7% of list price.
With 227 homes for sale and 69 new listings this month, 27616 is currently an active market.
What this means if you sell in 27616
Use these figures to set expectations early with each client. Lead a listing appointment with the $342K median price and the 48-day pace, show the year-over-year direction, and frame 27616 as an active market. A buyer or seller client trusts an agent who knows their exact ZIP, not just the metro average.
How we track the 27616 market
We built LOKAL to pull 27616's numbers straight from Zillow Research, so an agent and a client read from the same source. For July 2026 we recorded a $342K median sale price, -3.0% year over year, a 98.7% sale-to-list ratio and a -1.2% month-over-month move with 227 homes for sale. That compares with roughly $353K a year earlier, in 2025. We refresh every ZIP monthly from Zillow Research, which only publishes a smoothed median once a ZIP has enough transactions, so the median stays reliable instead of noisy. Both sources have published ZIP-level series for years, which is what lets us show month-over-month and year-over-year change here in 2026. LOKAL is independent and not affiliated with Zillow; always verify against your MLS before you publish.
ZIP-code areas follow U.S. Postal Service boundaries; for complementary demographics on 27616 (population, median household income, owner-occupancy), see the U.S. Census Bureau profile for this ZIP Code Tabulation Area. LOKAL covers price and pace; the Census covers who lives there.
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Build the 27616 post →Frequently asked: the 27616 housing market
- What is the median home price in ZIP 27616 (Raleigh, NC)?
- As of July 2026, the median sale price in ZIP 27616 is $342,172 (-3.0% year over year), per Zillow Research. Figures are monthly figures, smoothed over three months by Zillow for this ZIP code.
- Is ZIP 27616 a buyer's or seller's market right now?
- ZIP 27616 is currently an active market, based on a 98.7% sale-to-list ratio, about 48 days on market for July 2026.
- How long do homes take to sell in ZIP 27616?
- A typical listing in 27616 goes under contract in about 48 days as of July 2026. Always verify against your local MLS before quoting figures to clients.
- Where does this 27616 market data come from?
- All figures for 27616 come from Zillow Research: monthly figures, smoothed over three months by Zillow. LOKAL turns them into a ready-to-post carousel, story and square graphic. LOKAL is not affiliated with Zillow.
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Data from Zillow Research (ZIP-level market data, monthly figures, smoothed over three months by Zillow), not a valuation for a specific home.