ZIP 27604 Housing Market Report
Raleigh Metro
Report period: July 2026
27604 Monthly Market Update – July 2026
ZIP 27604 · Last updated Jul 11, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$370,000
−1.3%
Median DOM (Sales)
36
0.0%
New Listings (Sales)
55
−51.8%
Median Rent
$1,547
+1.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
921
+2.1%
Month-over-Month Movement
Median sale prices eased compared to last month. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (31 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($799,900 median)
Sales Market Overview
Median Price
$370,000
−1.3%
Median DOM
36
0.0%
New Listings
55
−51.8%
Inventory
384
+5.8%
- Average Price: $445,828
- Median Price: $370,000
- Price Range: $50,000 – $4,500,000
- Price per Sq Ft (Avg/Median): $241 / $210
- Square Footage (Avg/Median): 1,890 / 1,714
- Square Footage Range: 514 – 5,501
- Days on Market (Avg/Median): 52 / 36
- Days on Market Range: 1 – 262
- New Listings: 55
- Total Listings: 384
Sales by Property Type
Condo
Avg/Median Price$385,612 / $299,000Range$119,900 – $850,000Price per Sq Ft$273 / $249Sq Ft1,337 / 1,274DOM82 / 66New3Total33
Land
Avg/Median Price$173,328 / $105,000Range$50,000 – $525,000Price per Sq Ft—Sq Ft—DOM79 / 85New0Total18
Multi-Family
Avg/Median Price$696,770 / $665,000Range$524,000 – $869,950Price per Sq Ft$242 / $218Sq Ft3,029 / 3,168DOM41 / 33New0Total5
Single Family
Avg/Median Price$538,004 / $399,990Range$224,900 – $4,500,000Price per Sq Ft$259 / $220Sq Ft2,071 / 1,835DOM47 / 31New23Total215
Townhouse
Avg/Median Price$320,338 / $318,990Range$197,500 – $675,000Price per Sq Ft$199 / $186Sq Ft1,658 / 1,659DOM50 / 34New29Total113
Sales by Bedroom Count
1 Beds
Avg:$209,425Median:$197,500Range:$119,900 – $310,000PSF:$283 / $249Sq Ft:725 / 784DOM:38 / 31New:2Total:8
2 Beds
Avg:$343,821Median:$260,000Range:$130,000 – $800,000PSF:$274 / $220Sq Ft:1,252 / 1,184DOM:54 / 41New:6Total:58
3 Beds
Avg:$367,377Median:$340,000Range:$199,900 – $1,100,000PSF:$222 / $214Sq Ft:1,676 / 1,645DOM:50 / 33New:28Total:190
4 Beds
Avg:$702,257Median:$444,900Range:$325,000 – $4,500,000PSF:$270 / $197Sq Ft:2,483 / 2,402DOM:51 / 29New:13Total:79
5 Beds
Avg:$662,720Median:$529,990Range:$469,999 – $1,700,000PSF:$209 / $180Sq Ft:3,160 / 3,010DOM:65 / 50New:6Total:25
6 Beds
Avg:$772,778Median:$549,355Range:$519,980 – $1,249,000PSF:$223 / $173Sq Ft:3,424 / 3,606DOM:37 / 36New:0Total:3
8 Beds
Avg:$764,950Median:$799,900Range:$625,000 – $869,950PSF:$259 / $218Sq Ft:3,211 / 3,665DOM:39 / 25New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $209,425 | $197,500 | $119,900 – $310,000 | $283 / $249 | 725 / 784 | 38 / 31 | 2 | 8 |
| 2 Beds | $343,821 | $260,000 | $130,000 – $800,000 | $274 / $220 | 1,252 / 1,184 | 54 / 41 | 6 | 58 |
| 3 Beds | $367,377 | $340,000 | $199,900 – $1,100,000 | $222 / $214 | 1,676 / 1,645 | 50 / 33 | 28 | 190 |
| 4 Beds | $702,257 | $444,900 | $325,000 – $4,500,000 | $270 / $197 | 2,483 / 2,402 | 51 / 29 | 13 | 79 |
| 5 Beds | $662,720 | $529,990 | $469,999 – $1,700,000 | $209 / $180 | 3,160 / 3,010 | 65 / 50 | 6 | 25 |
| 6 Beds | $772,778 | $549,355 | $519,980 – $1,249,000 | $223 / $173 | 3,424 / 3,606 | 37 / 36 | 0 | 3 |
| 8 Beds | $764,950 | $799,900 | $625,000 – $869,950 | $259 / $218 | 3,211 / 3,665 | 39 / 25 | 0 | 3 |
Rental Market Overview
Median Rent
$1,547
+1.0%
Median DOM
1
0.0%
New Listings
449
Inventory
921
+2.1%
- Average Rent: $1,650
- Median Rent: $1,547
- Rent Range: $595 – $8,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,069 / 1,022
- Square Footage Range: 254 – 3,507
- Days on Market (Avg/Median): 13 / 1
- Days on Market Range: 1 – 360
- New Listings: 449
- Total Listings: 921
Rentals by Property Type
Apartment
$1,459
Median DOM: 1
Inventory: 708
MoM: +1.0%
Condo
$1,565
Median DOM: 10
Inventory: 19
MoM: +1.0%
Single Family
$2,075
Median DOM: 1
Inventory: 124
MoM: +1.0%
Townhouse
$1,823
Median DOM: 26
Inventory: 62
MoM: +1.0%
Apartment
Avg/Median Rent$1,565 / $1,459Range$840 – $4,997Rent per Sq Ft$2 / $2Sq Ft937 / 895DOM8 / 1New382Total708
Condo
Avg/Median Rent$1,568 / $1,565Range$600 – $2,600Rent per Sq Ft$2 / $1Sq Ft1,037 / 1,000DOM17 / 10New8Total19
Multi-Family
Avg/Median Rent$1,348 / $1,350Range$1,150 – $1,550Rent per Sq Ft$1 / $1Sq Ft964 / 1,008DOM79 / 39New0Total8
Single Family
Avg/Median Rent$2,092 / $2,075Range$595 – $8,500Rent per Sq Ft$1 / $1Sq Ft1,730 / 1,632DOM22 / 1New45Total124
Townhouse
Avg/Median Rent$1,792 / $1,823Range$1,095 – $3,395Rent per Sq Ft$1 / $1Sq Ft1,377 / 1,336DOM43 / 26New14Total62
Rentals by Bedroom Count
Studio
Avg:$1,382Median:$1,346Range:$1,079 – $1,853PSF:$3 / $3Sq Ft:520 / 523DOM:10 / 1New:17Total:28
1 Beds
Avg:$1,374Median:$1,349Range:$595 – $2,488PSF:$2 / $2Sq Ft:763 / 747DOM:10 / 1New:173Total:340
2 Beds
Avg:$1,688Median:$1,554Range:$1,095 – $4,141PSF:$2 / $1Sq Ft:1,095 / 1,097DOM:11 / 1New:188Total:359
3 Beds
Avg:$2,007Median:$1,930Range:$600 – $4,997PSF:$1 / $1Sq Ft:1,538 / 1,465DOM:22 / 1New:56Total:158
4 Beds
Avg:$2,501Median:$2,200Range:$1,780 – $8,500PSF:$1 / $1Sq Ft:2,056 / 1,927DOM:32 / 1New:11Total:27
5 Beds
Avg:$2,496Median:$2,445Range:$2,060 – $3,190PSF:$1 / $1Sq Ft:2,687 / 2,674DOM:14 / 1New:3Total:8
6 Beds
Avg:$2,950Median:$2,950Range:$2,950 – $2,950PSF:$1 / $1Sq Ft:2,392 / 2,392DOM:1 / 1New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,382 | $1,346 | $1,079 – $1,853 | $3 / $3 | 520 / 523 | 10 / 1 | 17 | 28 |
| 1 Beds | $1,374 | $1,349 | $595 – $2,488 | $2 / $2 | 763 / 747 | 10 / 1 | 173 | 340 |
| 2 Beds | $1,688 | $1,554 | $1,095 – $4,141 | $2 / $1 | 1,095 / 1,097 | 11 / 1 | 188 | 359 |
| 3 Beds | $2,007 | $1,930 | $600 – $4,997 | $1 / $1 | 1,538 / 1,465 | 22 / 1 | 56 | 158 |
| 4 Beds | $2,501 | $2,200 | $1,780 – $8,500 | $1 / $1 | 2,056 / 1,927 | 32 / 1 | 11 | 27 |
| 5 Beds | $2,496 | $2,445 | $2,060 – $3,190 | $1 / $1 | 2,687 / 2,674 | 14 / 1 | 3 | 8 |
| 6 Beds | $2,950 | $2,950 | $2,950 – $2,950 | $1 / $1 | 2,392 / 2,392 | 1 / 1 | 1 | 1 |
6-Month Sales Trend
Feb 2026
Median Price:$350,000Median DOM:31New:102Total:290
Mar 2026
Median Price:$358,000Median DOM:25New:108Total:293
Apr 2026
Median Price:$359,990Median DOM:22New:120Total:325
May 2026
Median Price:$374,690Median DOM:31New:124Total:356
Jun 2026
Median Price:$374,690Median DOM:36New:114Total:363
Jul 2026
Median Price:$370,000Median DOM:36New:55Total:384
6-Month Rental Trend
Feb 2026
Median Rent:$1,600Median DOM:1New:494Total:746
Mar 2026
Median Rent:$1,575Median DOM:1New:592Total:820
Apr 2026
Median Rent:$1,569Median DOM:1New:583Total:869
May 2026
Median Rent:$1,550Median DOM:1New:572Total:880
Jun 2026
Median Rent:$1,532Median DOM:1New:607Total:902
Jul 2026
Median Rent:$1,547Median DOM:1New:449Total:921
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market were unchanged, signaling steady buyer activity. Rental pricing increased, 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.
272072720827231272432725227256272782731227344275022750327504275082751027511275122751327514275152751627517275182751927520275232752427525275262752727529+50 more
← Back to Raleigh Metro