ZIP 27604 Housing Market Report
Raleigh Metro
Report period: August 2026
27604 Monthly Market Update – August 2026
ZIP 27604 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$375,000
+0.0%
Median DOM (Sales)
40
+11.1%
New Listings (Sales)
40
−65.8%
Median Rent
$1,525
−0.6%
Median DOM (Rental)
1
0.0%
Total Rental Listings
911
+1.0%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (35 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($799,900 median)
Sales Market Overview
Median Price
$375,000
+0.0%
Median DOM
40
+11.1%
New Listings
40
−65.8%
Inventory
381
−2.1%
- Average Price: $450,436
- Median Price: $375,000
- Price Range: $50,000 – $4,350,000
- Price per Sq Ft (Avg/Median): $241 / $209
- Square Footage (Avg/Median): 1,922 / 1,762
- Square Footage Range: 515 – 5,501
- Days on Market (Avg/Median): 57 / 40
- Days on Market Range: 2 – 292
- New Listings: 40
- Total Listings: 381
Sales by Property Type
Condo
Avg/Median Price$406,071 / $284,000Range$119,900 – $950,000Price per Sq Ft$276 / $263Sq Ft1,383 / 1,274DOM96 / 88New1Total35
Land
Avg/Median Price$172,333 / $105,000Range$50,000 – $525,000Price per Sq Ft—Sq Ft—DOM104 / 115New0Total18
Multi-Family
Avg/Median Price$679,970 / $665,000Range$510,000 – $799,950Price per Sq Ft$238 / $218Sq Ft3,029 / 3,168DOM65 / 63New0Total5
Single Family
Avg/Median Price$535,664 / $400,000Range$259,900 – $4,350,000Price per Sq Ft$255 / $214Sq Ft2,104 / 1,856DOM48 / 35New20Total218
Townhouse
Avg/Median Price$325,020 / $307,490Range$190,000 – $715,000Price per Sq Ft$199 / $182Sq Ft1,669 / 1,678DOM54 / 40New19Total105
Sales by Bedroom Count
Studio
Avg:$400,500Median:$391,000Range:$391,000 – $410,000PSF:$208 / $195Sq Ft:1,932 / 1,856DOM:13 / 12New:0Total:2
1 Beds
Avg:$215,675Median:$215,000Range:$119,900 – $289,000PSF:$279 / $265Sq Ft:762 / 806DOM:57 / 41New:0Total:8
2 Beds
Avg:$348,942Median:$265,000Range:$130,000 – $800,000PSF:$284 / $220Sq Ft:1,239 / 1,184DOM:57 / 42New:2Total:57
3 Beds
Avg:$372,642Median:$340,000Range:$199,900 – $1,090,000PSF:$221 / $211Sq Ft:1,697 / 1,653DOM:56 / 39New:23Total:180
4 Beds
Avg:$676,849Median:$443,550Range:$315,000 – $4,350,000PSF:$261 / $192Sq Ft:2,465 / 2,407DOM:49 / 21New:12Total:81
5 Beds
Avg:$688,216Median:$529,990Range:$399,999 – $1,700,000PSF:$215 / $178Sq Ft:3,160 / 3,010DOM:65 / 55New:3Total:27
6 Beds
Avg:$678,214Median:$548,770Range:$519,980 – $1,249,000PSF:$199 / $173Sq Ft:3,388 / 3,606DOM:34 / 18New:0Total:5
8 Beds
Avg:$741,617Median:$799,900Range:$625,000 – $799,950PSF:$254 / $218Sq Ft:3,211 / 3,665DOM:60 / 55New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $400,500 | $391,000 | $391,000 – $410,000 | $208 / $195 | 1,932 / 1,856 | 13 / 12 | 0 | 2 |
| 1 Beds | $215,675 | $215,000 | $119,900 – $289,000 | $279 / $265 | 762 / 806 | 57 / 41 | 0 | 8 |
| 2 Beds | $348,942 | $265,000 | $130,000 – $800,000 | $284 / $220 | 1,239 / 1,184 | 57 / 42 | 2 | 57 |
| 3 Beds | $372,642 | $340,000 | $199,900 – $1,090,000 | $221 / $211 | 1,697 / 1,653 | 56 / 39 | 23 | 180 |
| 4 Beds | $676,849 | $443,550 | $315,000 – $4,350,000 | $261 / $192 | 2,465 / 2,407 | 49 / 21 | 12 | 81 |
| 5 Beds | $688,216 | $529,990 | $399,999 – $1,700,000 | $215 / $178 | 3,160 / 3,010 | 65 / 55 | 3 | 27 |
| 6 Beds | $678,214 | $548,770 | $519,980 – $1,249,000 | $199 / $173 | 3,388 / 3,606 | 34 / 18 | 0 | 5 |
| 8 Beds | $741,617 | $799,900 | $625,000 – $799,950 | $254 / $218 | 3,211 / 3,665 | 60 / 55 | 0 | 3 |
Rental Market Overview
Median Rent
$1,525
−0.6%
Median DOM
1
0.0%
New Listings
411
Inventory
911
+1.0%
- Average Rent: $1,641
- Median Rent: $1,525
- Rent Range: $595 – $8,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,058 / 1,022
- Square Footage Range: 254 – 3,507
- Days on Market (Avg/Median): 12 / 1
- Days on Market Range: 1 – 365
- New Listings: 411
- Total Listings: 911
Rentals by Property Type
Apartment
$1,450
Median DOM: 1
Inventory: 707
MoM: −0.6%
Condo
$1,475
Median DOM: 21
Inventory: 18
MoM: −0.6%
Single Family
$2,099
Median DOM: 1
Inventory: 124
MoM: −0.6%
Townhouse
$1,750
Median DOM: 27
Inventory: 55
MoM: −0.6%
Apartment
Avg/Median Rent$1,556 / $1,450Range$840 – $4,997Rent per Sq Ft$2 / $2Sq Ft929 / 868DOM7 / 1New354Total707
Condo
Avg/Median Rent$1,530 / $1,475Range$600 – $2,400Rent per Sq Ft$2 / $2Sq Ft1,039 / 1,047DOM29 / 21New3Total18
Multi-Family
Avg/Median Rent$1,339 / $1,295Range$1,150 – $1,550Rent per Sq Ft$1 / $1Sq Ft1,031 / 1,035DOM66 / 48New1Total7
Single Family
Avg/Median Rent$2,104 / $2,099Range$595 – $8,500Rent per Sq Ft$1 / $1Sq Ft1,705 / 1,632DOM22 / 1New39Total124
Townhouse
Avg/Median Rent$1,770 / $1,750Range$1,195 – $3,395Rent per Sq Ft$1 / $1Sq Ft1,373 / 1,320DOM46 / 27New14Total55
Rentals by Bedroom Count
Studio
Avg:$1,381Median:$1,342Range:$1,071 – $2,013PSF:$3 / $3Sq Ft:520 / 523DOM:11 / 1New:16Total:32
1 Beds
Avg:$1,384Median:$1,345Range:$595 – $2,676PSF:$2 / $2Sq Ft:762 / 747DOM:9 / 1New:154Total:337
2 Beds
Avg:$1,672Median:$1,559Range:$1,095 – $4,429PSF:$2 / $1Sq Ft:1,095 / 1,097DOM:9 / 1New:182Total:363
3 Beds
Avg:$2,020Median:$1,965Range:$600 – $4,997PSF:$1 / $1Sq Ft:1,537 / 1,465DOM:25 / 1New:45Total:145
4 Beds
Avg:$2,464Median:$2,240Range:$1,780 – $8,500PSF:$1 / $1Sq Ft:2,018 / 1,855DOM:31 / 1New:9Total:26
5 Beds
Avg:$2,541Median:$2,395Range:$2,199 – $3,030PSF:$1 / $1Sq Ft:2,734 / 2,895DOM:5 / 1New:5Total:7
6 Beds
Avg:$2,950Median:$2,950Range:$2,950 – $2,950PSF:$1 / $1Sq Ft:2,392 / 2,392DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,381 | $1,342 | $1,071 – $2,013 | $3 / $3 | 520 / 523 | 11 / 1 | 16 | 32 |
| 1 Beds | $1,384 | $1,345 | $595 – $2,676 | $2 / $2 | 762 / 747 | 9 / 1 | 154 | 337 |
| 2 Beds | $1,672 | $1,559 | $1,095 – $4,429 | $2 / $1 | 1,095 / 1,097 | 9 / 1 | 182 | 363 |
| 3 Beds | $2,020 | $1,965 | $600 – $4,997 | $1 / $1 | 1,537 / 1,465 | 25 / 1 | 45 | 145 |
| 4 Beds | $2,464 | $2,240 | $1,780 – $8,500 | $1 / $1 | 2,018 / 1,855 | 31 / 1 | 9 | 26 |
| 5 Beds | $2,541 | $2,395 | $2,199 – $3,030 | $1 / $1 | 2,734 / 2,895 | 5 / 1 | 5 | 7 |
| 6 Beds | $2,950 | $2,950 | $2,950 – $2,950 | $1 / $1 | 2,392 / 2,392 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
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:$374,990Median DOM:36New:117Total:389
Aug 2026
Median Price:$375,000Median DOM:40New:40Total:381
6-Month Rental Trend
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:$1,534Median DOM:1New:581Total:902
Aug 2026
Median Rent:$1,525Median DOM:1New:411Total:911
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing eased, 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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