Is Raleigh, NC 27608 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Raleigh is a seller’s market. With about 3.5 months of supply and 32% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply3.5Under 4 months = seller’s market

Sold above original list31.6%Share of sales, last 3 months

Median sale-to-list99%Sold price ÷ list price

Median days on market42Listing to accepted offer

Median price per sq ft$454▼ −2.6% vs. last year

Run the numbers for 27608

Prefilled for 27608Can I win this house?Multiple-offer likelihood for a listing Prefilled for 27608Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Apex 27502Seller’s market $241 /sq ft Apex 27539Seller’s market $237 /sq ft Cary 27511Seller’s market $286 /sq ft Cary 27513Seller’s market $258 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology