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Raleigh, NC 27616 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Raleigh, NC inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.07
ActiveActive listings: 110110PendingPending sales: 88
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): $404k$404kSoldMedian sold price (last 6 months): $350k$350k
What homes actually sell for in Raleigh, NC
Distribution of 449 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $290k to $438k
$220k to $258k: 26 sales$220k$258k to $297k: 77 sales$297k to $336k: 84 sales84sales$297k$336k to $375k: 51 sales$375k to $414k: 52 sales$375k$414k to $452k: 43 sales$452k to $491k: 42 sales$452k$491k to $530k: 29 salesMedian $350k

What the numbers say

As of October 5, 2026, Resideline is tracking 110 active listings and 8 pending sales in ZIP code 27616. That pending-to-active ratio of 0.07 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $404,000, while the median of the 449 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 76 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 449 closed sales tracked by Resideline. The middle half of those sales ranged from $289,990 to $438,000.

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

Resideline is currently tracking 8 pending sales against 110 active listings in 27616, a pending-to-active ratio of 0.07. 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

Full Raleigh, NC housing market report →

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