27616 Home Values & Market Trends
There are 85 homes currently listed for 27616. 27616 real estate market trends show that home prices range from $1,550 to $1,175,000, and the median sales price in the 27616 zip code is $350,345.37. The total number of properties sold within the past twelve months is 790. In 27616, 13 properties are in foreclosure, 0 are bank owned properties,and 1 are headed for auction.
27616 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Raleigh | $ 431,787 $ 226/sqft |
Housing Market Summary for 27616
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $362K | $340.8K | -5.85% |
| Median Sold Price | $362.9K | $340.8K | -6.10% |
| Homes For Sale | 64 | 71 | 10.94% |
| Homes Sold | 339 | 292 | -13.86% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in 27616
Browse Homes in 27616
The median list price of a home in Raleigh, is $350,345.37. A total of 85 properties are for sale, and the percentage of properties for sale in the zip code is 85.00%. The total count of 27616 properties is 17,270.
- Pre-ForeclosurePre-foreclosure homes account for 0.07% of all residential properties in 27616 with raleigh containing 86 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 27616; of that cities, the estimated home value for pre-foreclosure homes ranges from $1,350,000 in raleigh to the lowest home value of $147,222 in raleigh.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 27616 ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in 27616. There is 1 cities within 27616; N/A containing 0 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsraleigh has 23 auction properties, the highest number of properties going to auction in a single city in the state of 27616. Auction homes and other auction properties account for 0.01% of all properties in 27616. There is 1 cities within 27616; of that cities, the median estimated home value for homes going to auction ranges from $869,476 in raleigh to the lowest value of $144,443 in raleigh.
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More Real Estate Resources for 27616
Guide for 27616
North Carolina Foreclosure Laws
Raleigh’s real estate market in 2023 displays robust growth with increased average property values and sold prices. However, contrasting trends in neighboring cities such as Zebulon, Youngsville, Wilson, and Yanceyville underline the need for thorough market understanding for real estate investments.
In Greensboro, NC, real estate trends indicate a decreasing average property value and sale price as of February 2024 while maintaining consistent market activity. Property values in the city indicate an affordable entry point for homebuying in comparison to neighboring areas.
The Durham, NC real estate market is showing dynamic trends, with fluctuations in property value and sold prices across the year and in neighboring cities. Local demand, economic factors, and community growth have created a complex market with growth potential, minimal distressed sales, and distinct opportunities for various buyer segments.