How does the housing market look in 27607? Take a look at up-to-date home sale trends like the latest home sale prices, new listings, and more.
Market Insights
27607 Raleigh, NC
Median Sale Price
$527,500
21.0%
New Listings
14
22.2%
Number of Homes Sold
18
10.0%
Median Days on Market
29
78.1%
Market Overview
All Home Types
In the last 30 days, homes for sale in 27607, Raleigh, NC sold for a median price of $527,500, down 21% compared to the same period last year. The median price per square foot was $265.00, down 12.1% year-over-year. There were 18 homes sold, down from 20 last year.
Median
lightbulbWhat does this mean?
The median sale price helps you understand how much you should expect to spend on a home in a market. The higher the median price of the homes, the more expensive the market is overall. The rate at which home prices change is an indicator of whether homes are becoming more or less affordable in that market. Learn more about buying a home.
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Get StartedHousing Supply
All Home Types
Yesterday, the total number of homes for sale in 27607, Raleigh, NC was 53, up 6% compared to last year. In the last 30 days, 14 new homes were listed for sale, down 22.2% year-over-year. The median days on market was 28.5, up from 16 days last year. The months of supply was 1.44, up from 0.75 months last year.
lightbulbWhat does this mean?
The number of homes that are available for sale in a market tells you how much choice you have. The rate at which this number changes indicates whether the number of options are increasing or decreasing for buyers. Learn more about buying in a hot market.
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Start QuizHousing Demand
All Home Types
In the last 30 days, homes in 27607, Raleigh, NC had a median sale-to-list-price ratio of 99.37%, down 5.4 pt compared to the same period last year. 44.44% of homes sold above list price, down 20.6 pt year-over-year. 27.78% of homes listed dropped in price, up 2.8 pt from last year.
Median
lightbulbWhat does this mean?
Sale-to-list price tells you how much you may have to pay over the asking price to buy the home you want. When this number is above 100%, you may need to pay more than the asking price for the home you want.
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Cash offers are 4x more likely to be accepted.
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Get StartedHomes For Sale In 27607
Carolina's Choice Real Estate • MLS 2502352 • Status: Active
Berkshire Hathaway HomeServices YSU • MLS 2501655 • Status: Active
Compass -- Raleigh • MLS 2501609 • Status: Active
United Brokers LTD • MLS 2501016 • Status: Active
Hodge & Kittrell Sotheby's International Realty • MLS 2498968 • Status: Active
Hodge & Kittrell Sotheby's International Realty • MLS 2498969 • Status: Active
Rich Realty Group • MLS 2498404 • Status: Active
Southern Lux Living • MLS 2497593 • Status: Active
Rich Realty Group • MLS 2497215 • Status: Active
O'Neal & Company • MLS 2495469 • Status: Active
Marquis Realty • MLS 2494535 • Status: Active
Compass -- Raleigh • MLS 2493984 • Status: Active
Fathom Realty NC, LLC • MLS 2493377 • Status: Active
Insight Real Estate • MLS 2480800 • Status: Active
Howard Perry & Walston Realtor • MLS 2479286 • Status: Active
Howard Perry & Walston Realtor • MLS 2478594 • Status: Active
Howard Perry & Walston Realtor • MLS 2476514 • Status: Active
Compass -- Cary • MLS 2472535 • Status: Active
Hodge & Kittrell Sotheby's International Realty • MLS 2464397 • Status: Active
Rich Realty Group • MLS 2463873 • Status: Active