ZIP 27577 Housing Market Report
Raleigh Metro
Report period: July 2026
27577 Monthly Market Update – July 2026
ZIP 27577 · Last updated Jul 12, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$338,900
+1.2%
Median DOM (Sales)
44
+7.3%
New Listings (Sales)
35
−59.3%
Median Rent
$1,700
0.0%
Median DOM (Rental)
9
−25.0%
Total Rental Listings
93
+12.0%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Manufactured (7 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($386,815 median)
Sales Market Overview
Median Price
$338,900
+1.2%
Median DOM
44
+7.3%
New Listings
35
−59.3%
Inventory
381
+1.1%
- Average Price: $388,510
- Median Price: $338,900
- Price Range: $29,900 – $5,450,000
- Price per Sq Ft (Avg/Median): $179 / $176
- Square Footage (Avg/Median): 1,996 / 1,960
- Square Footage Range: 648 – 4,597
- Days on Market (Avg/Median): 73 / 44
- Days on Market Range: 1 – 365
- New Listings: 35
- Total Listings: 381
Sales by Property Type
Condo
Avg/Median Price$149,900 / $149,900Range$149,900 – $149,900Price per Sq Ft$149 / $149Sq Ft1,008 / 1,008DOM61 / 61New0Total1
Land
Avg/Median Price$716,386 / $200,000Range$29,900 – $5,450,000Price per Sq Ft—Sq Ft—DOM116 / 90New4Total37
Manufactured
Avg/Median Price$315,000 / $299,999Range$299,999 – $330,000Price per Sq Ft$163 / $144Sq Ft1,971 / 1,648DOM97 / 7New0Total2
Multi-Family
Avg/Median Price$299,900 / $299,900Range$299,900 – $299,900Price per Sq Ft$165 / $165Sq Ft1,822 / 1,822DOM33 / 33New0Total1
Single Family
Avg/Median Price$363,837 / $345,000Range$79,000 – $1,139,000Price per Sq Ft$182 / $179Sq Ft2,032 / 2,010DOM68 / 43New29Total306
Townhouse
Avg/Median Price$267,709 / $250,990Range$227,690 – $474,500Price per Sq Ft$157 / $162Sq Ft1,711 / 1,632DOM75 / 37New2Total34
Sales by Bedroom Count
Studio
Avg:$150,000Median:$150,000Range:$150,000 – $150,000PSF:—Sq Ft:—DOM:181 / 181New:0Total:1
1 Beds
Avg:$159,900Median:$159,900Range:$159,900 – $159,900PSF:$172 / $172Sq Ft:927 / 927DOM:4 / 4New:1Total:1
2 Beds
Avg:$194,173Median:$159,900Range:$79,000 – $375,000PSF:$165 / $149Sq Ft:1,249 / 1,170DOM:87 / 38New:0Total:11
3 Beds
Avg:$333,243Median:$324,990Range:$125,000 – $858,000PSF:$184 / $182Sq Ft:1,833 / 1,792DOM:59 / 37New:20Total:231
4 Beds
Avg:$419,757Median:$374,995Range:$260,000 – $1,139,000PSF:$173 / $164Sq Ft:2,413 / 2,354DOM:92 / 58New:7Total:90
5 Beds
Avg:$431,298Median:$386,815Range:$326,690 – $747,000PSF:$145 / $142Sq Ft:2,955 / 2,511DOM:70 / 50New:3Total:10
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $150,000 | $150,000 | $150,000 – $150,000 | — | — | 181 / 181 | 0 | 1 |
| 1 Beds | $159,900 | $159,900 | $159,900 – $159,900 | $172 / $172 | 927 / 927 | 4 / 4 | 1 | 1 |
| 2 Beds | $194,173 | $159,900 | $79,000 – $375,000 | $165 / $149 | 1,249 / 1,170 | 87 / 38 | 0 | 11 |
| 3 Beds | $333,243 | $324,990 | $125,000 – $858,000 | $184 / $182 | 1,833 / 1,792 | 59 / 37 | 20 | 231 |
| 4 Beds | $419,757 | $374,995 | $260,000 – $1,139,000 | $173 / $164 | 2,413 / 2,354 | 92 / 58 | 7 | 90 |
| 5 Beds | $431,298 | $386,815 | $326,690 – $747,000 | $145 / $142 | 2,955 / 2,511 | 70 / 50 | 3 | 10 |
Rental Market Overview
Median Rent
$1,700
0.0%
Median DOM
9
−25.0%
New Listings
23
Inventory
93
+12.0%
- Average Rent: $1,729
- Median Rent: $1,700
- Rent Range: $800 – $2,500
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,493 / 1,409
- Square Footage Range: 616 – 4,356
- Days on Market (Avg/Median): 26 / 9
- Days on Market Range: 1 – 286
- New Listings: 23
- Total Listings: 93
Rentals by Property Type
Apartment
$1,149
Median DOM: 1
Inventory: 5
MoM: 0.0%
Condo
$1,500
Median DOM: 11
Inventory: 1
MoM: 0.0%
Single Family
$1,795
Median DOM: 4
Inventory: 58
MoM: 0.0%
Townhouse
$1,695
Median DOM: 15
Inventory: 26
MoM: 0.0%
Apartment
Avg/Median Rent$1,209 / $1,149Range$950 – $1,399Rent per Sq Ft$1 / $1Sq Ft1,000 / 1,000DOM96 / 1New2Total5
Condo
Avg/Median Rent$1,500 / $1,500Range$1,500 – $1,500Rent per Sq Ft$1 / $1Sq Ft1,120 / 1,120DOM11 / 11New0Total1
Manufactured
Avg/Median Rent$1,750 / $1,750Range$1,750 – $1,750Rent per Sq Ft—Sq Ft—DOM32 / 32New0Total1
Multi-Family
Avg/Median Rent$1,298 / $1,000Range$1,000 – $1,595Rent per Sq Ft$1 / $1Sq Ft962 / 724DOM29 / 3New1Total2
Single Family
Avg/Median Rent$1,808 / $1,795Range$800 – $2,500Rent per Sq Ft$1 / $1Sq Ft1,594 / 1,495DOM21 / 4New16Total58
Townhouse
Avg/Median Rent$1,692 / $1,695Range$1,465 – $1,995Rent per Sq Ft$1 / $1Sq Ft1,411 / 1,409DOM26 / 15New4Total26
Rentals by Bedroom Count
1 Beds
Avg:$900Median:$800Range:$800 – $1,000PSF:$1 / $1Sq Ft:670 / 616DOM:3 / 3New:1Total:2
2 Beds
Avg:$1,280Median:$1,399Range:$850 – $1,475PSF:$1 / $1Sq Ft:1,048 / 1,080DOM:51 / 1New:4Total:11
3 Beds
Avg:$1,779Median:$1,705Range:$1,350 – $2,400PSF:$1 / $1Sq Ft:1,559 / 1,409DOM:23 / 11New:17Total:74
4 Beds
Avg:$2,337Median:$2,265Range:$2,245 – $2,500PSF:$1 / $1Sq Ft:1,875 / 2,004DOM:24 / 11New:1Total:3
5 Beds
Avg:$2,075Median:$1,910Range:$1,870 – $2,445PSF:$1 / $1Sq Ft:1,809 / 1,342DOM:1 / 1New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $900 | $800 | $800 – $1,000 | $1 / $1 | 670 / 616 | 3 / 3 | 1 | 2 |
| 2 Beds | $1,280 | $1,399 | $850 – $1,475 | $1 / $1 | 1,048 / 1,080 | 51 / 1 | 4 | 11 |
| 3 Beds | $1,779 | $1,705 | $1,350 – $2,400 | $1 / $1 | 1,559 / 1,409 | 23 / 11 | 17 | 74 |
| 4 Beds | $2,337 | $2,265 | $2,245 – $2,500 | $1 / $1 | 1,875 / 2,004 | 24 / 11 | 1 | 3 |
| 5 Beds | $2,075 | $1,910 | $1,870 – $2,445 | $1 / $1 | 1,809 / 1,342 | 1 / 1 | 0 | 3 |
6-Month Sales Trend
Feb 2026
Median Price:$338,000Median DOM:47New:98Total:358
Mar 2026
Median Price:$340,000Median DOM:47New:94Total:387
Apr 2026
Median Price:$339,740Median DOM:47New:79Total:388
May 2026
Median Price:$339,900Median DOM:46New:99Total:367
Jun 2026
Median Price:$334,900Median DOM:41New:86Total:377
Jul 2026
Median Price:$338,900Median DOM:44New:35Total:381
6-Month Rental Trend
Feb 2026
Median Rent:$1,694Median DOM:4New:27Total:90
Mar 2026
Median Rent:$1,680Median DOM:9New:31Total:88
Apr 2026
Median Rent:$1,695Median DOM:8New:36Total:89
May 2026
Median Rent:$1,695Median DOM:7New:32Total:93
Jun 2026
Median Rent:$1,700Median DOM:12New:30Total:83
Jul 2026
Median Rent:$1,700Median DOM:9New:23Total:93
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing remained stable, while total rental inventory increased.
Market data is only valuable if you act on it. With pricing stabilizing and days on market shifting, this is the type of environment where disciplined investors find their edge.
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