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Raleigh, NC 27616 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Raleigh, NC inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.10
ActiveActive listings: 105105PendingPending sales: 1111
Raleigh, NC: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $370k$370kSoldMedian sold price (last 6 months): $350k$350k
What homes actually sell for in Raleigh, NC
Distribution of 460 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $294k to $440k
$228k to $265k: 40 sales$228k$265k to $303k: 82 sales82sales$303k to $341k: 71 sales$303k$341k to $379k: 62 sales$379k to $417k: 45 sales$379k$417k to $454k: 40 sales$454k to $492k: 47 sales$454k$492k to $530k: 27 salesMedian $350k

What the numbers say

As of September 14, 2026, Resideline is tracking 105 active listings and 11 pending sales in ZIP code 27616. That pending-to-active ratio of 0.10 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $370,000, while the median of the 460 closed sales Resideline tracked over the last six months was $350,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 27616 for 66 days.

Frequently asked questions

What is the median home price in 27616?

The median closed sale price in Raleigh, NC 27616 was $350,000 over the last six months, based on 460 closed sales tracked by Resideline. The middle half of those sales ranged from $294,000 to $440,000.

Is 27616 a buyer's or seller's market?

Resideline is currently tracking 11 pending sales against 105 active listings in 27616, a pending-to-active ratio of 0.10. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 27616 currently looks like a balanced market.

Nearby ZIP code market data

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