The story of this market
The typical home in ZIP 27605 sells for about $357,450, or $370 per square foot.
Prices are down 15.93% from a year ago, which gives buyers more room to negotiate. Homes take about 76 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,668 a month.
ZIP 27605 — Raleigh
The 27605 housing market is currently experiencing a cooling phase with a significant year-over-year decline in median listing prices. High inventory relative to demand and longer days on market suggest a buyer-favorable environment. Several metrics, including specific sales counts and tax history, were not available at the ZIP level and are omitted.
Median prices moved down 15.9% year over year.
Homes spend a median of 76 days on market with 0.3 months of supply — a fast-moving market.
16% of listings have cut prices · homes sell at 99% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.2% · poverty 18.8% — a stable, low-distress profile.
Built from 51 recorded sales in the last 24 months against HUD 3-bedroom fair market rents. The location premium is the part of the price that rent, income, education, employment, vacancy, price trend, hazard, lending and flood risk don't explain. It usually reflects amenities, schools and scarcity. It's area context and does not change this ZIP's home value estimates.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 27605, Wake County NC
Data retrieved from US Census Bureau ZCTA-level tables.
- Frankie's of Raleigh4.411.7 mi
- Fantasy Lake Adventure Park4.715.1 mi
- Dave & Buster's Cary46.2 mi
- Happy Feet Planet Apex4.712.3 mi
- Urban Air Trampoline and Adventure Park4.19.7 mi
- Lenovo Center4.53.9 mi
- North Carolina Museum of Art4.83 mi
- North Carolina State Fair4.43.4 mi
- Atlantic Union Bank Convention Center4.61.5 mi
- Coastal Credit Union Music Park at Walnut Creek4.45.2 mi
- North Carolina Museum of Natural Sciences4.81.1 mi
- North Carolina Museum of Art4.83 mi
- Downtown Cary Park4.87.1 mi
- Dix Park4.71.6 mi
- Pullen Park4.71.1 mi
- North Carolina Museum of Natural Sciences4.81.1 mi
- North Carolina Museum of Art4.83 mi
- Marbles Kids Museum4.81.4 mi
- Historic Yates Mill County Park4.75.2 mi
- North Carolina State Capitol4.61.2 mi
- North Carolina Museum of Art4.83 mi
- Downtown Cary Park4.87.1 mi
- Dix Park4.71.6 mi
- Pullen Park4.71.1 mi
- Gipson Play Plaza4.61.8 mi
- Topgolf3.811.8 mi
- Drive Shack4.74.8 mi
- Knights Play Golf Center4.310.4 mi
- Prestonwood Country Club4.710.2 mi
- Pin Point Indoor Pickleball & Golf4.62.9 mi
- Crabtree4.43.6 mi
- H Mart Cary4.610.9 mi
- Triangle Town Center4.26.7 mi
- State Farmers Market4.72.1 mi
- Fenton4.65.9 mi
- Raleigh-Durham International Airport4.49.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).