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Raleigh, NC 27616 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Raleigh, NC inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.09
ActiveActive listings: 123123PendingPending 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): $400k$400kSoldMedian sold price (last 6 months): $350k$350k
What homes actually sell for in Raleigh, NC
Distribution of 394 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $290k to $438k
$225k to $264k: 32 sales$225k$264k to $302k: 78 sales78sales$302k to $341k: 55 sales$302k$341k to $380k: 53 sales$380k to $419k: 40 sales$380k$419k to $458k: 42 sales$458k to $496k: 32 sales$458k$496k to $535k: 23 salesMedian $350k

What the numbers say

As of October 26, 2026, Resideline is tracking 123 active listings and 11 pending sales in ZIP code 27616. That pending-to-active ratio of 0.09 makes it a typical-pace market: listings are going under contract at about the pace of most ZIP codes Resideline tracks.

The median asking price of current listings is $399,900, while the median of the 394 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 78 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 394 closed sales tracked by Resideline. The middle half of those sales ranged from $289,500 to $438,000.

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

Resideline is currently tracking 11 pending sales against 123 active listings in 27616, a pending-to-active ratio of 0.09. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 27616 is currently a typical-pace market.

Nearby ZIP code market data

Full Raleigh, NC housing market report →

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