ZIP 27605 Housing Market Report
Raleigh Metro
Report period: August 2026
27605 Monthly Market Update – August 2026
ZIP 27605 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$359,900
−4.0%
Median DOM (Sales)
65
+1.6%
New Listings (Sales)
7
−63.2%
Median Rent
$1,779
+1.7%
Median DOM (Rental)
1
0.0%
Total Rental Listings
357
−4.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Multi-Family (38 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($2,800,000 median)
Sales Market Overview
Median Price
$359,900
−4.0%
Median DOM
65
+1.6%
New Listings
7
−63.2%
Inventory
75
−6.3%
- Average Price: $653,997
- Median Price: $359,900
- Price Range: $200,000 – $2,890,000
- Price per Sq Ft (Avg/Median): $407 / $373
- Square Footage (Avg/Median): 1,554 / 997
- Square Footage Range: 498 – 6,255
- Days on Market (Avg/Median): 79 / 65
- Days on Market Range: 2 – 280
- New Listings: 7
- Total Listings: 75
Sales by Property Type
Condo
Avg/Median Price$360,551 / $325,000Range$200,000 – $1,550,000Price per Sq Ft$397 / $366Sq Ft903 / 927DOM80 / 49New6Total51
Land
Avg/Median Price$599,000 / $599,000Range$599,000 – $599,000Price per Sq Ft—Sq Ft—DOM104 / 104New0Total1
Multi-Family
Avg/Median Price$858,333 / $825,000Range$650,000 – $1,100,000Price per Sq Ft$372 / $345Sq Ft2,363 / 2,110DOM34 / 38New0Total3
Single Family
Avg/Median Price$1,478,982 / $1,600,000Range$489,000 – $2,890,000Price per Sq Ft$454 / $462Sq Ft3,252 / 3,460DOM77 / 74New1Total17
Townhouse
Avg/Median Price$781,667 / $745,000Range$335,000 – $1,265,000Price per Sq Ft$349 / $343Sq Ft2,195 / 2,169DOM101 / 105New0Total3
Sales by Bedroom Count
Studio
Avg:$487,500Median:$325,000Range:$325,000 – $650,000PSF:$309 / $308Sq Ft:1,580 / 1,051DOM:76 / 38New:0Total:2
1 Beds
Avg:$288,245Median:$267,000Range:$200,000 – $600,000PSF:$423 / $396Sq Ft:687 / 650DOM:87 / 80New:4Total:20
2 Beds
Avg:$392,330Median:$350,000Range:$265,000 – $825,000PSF:$382 / $355Sq Ft:1,022 / 982DOM:68 / 34New:2Total:33
3 Beds
Avg:$1,066,125Median:$995,000Range:$699,000 – $1,550,000PSF:$443 / $404Sq Ft:2,413 / 2,169DOM:78 / 60New:1Total:8
4 Beds
Avg:$1,587,500Median:$1,600,000Range:$1,100,000 – $1,850,000PSF:$448 / $438Sq Ft:3,524 / 3,474DOM:108 / 105New:0Total:4
5 Beds
Avg:$2,017,000Median:$1,850,000Range:$1,650,000 – $2,890,000PSF:$442 / $429Sq Ft:4,559 / 4,345DOM:89 / 75New:0Total:5
6 Beds
Avg:$1,000,000Median:$1,000,000Range:$1,000,000 – $1,000,000PSF:$290 / $290Sq Ft:3,444 / 3,444DOM:17 / 17New:0Total:1
7 Beds
Avg:$2,800,000Median:$2,800,000Range:$2,800,000 – $2,800,000PSF:$589 / $589Sq Ft:4,750 / 4,750DOM:150 / 150New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $487,500 | $325,000 | $325,000 – $650,000 | $309 / $308 | 1,580 / 1,051 | 76 / 38 | 0 | 2 |
| 1 Beds | $288,245 | $267,000 | $200,000 – $600,000 | $423 / $396 | 687 / 650 | 87 / 80 | 4 | 20 |
| 2 Beds | $392,330 | $350,000 | $265,000 – $825,000 | $382 / $355 | 1,022 / 982 | 68 / 34 | 2 | 33 |
| 3 Beds | $1,066,125 | $995,000 | $699,000 – $1,550,000 | $443 / $404 | 2,413 / 2,169 | 78 / 60 | 1 | 8 |
| 4 Beds | $1,587,500 | $1,600,000 | $1,100,000 – $1,850,000 | $448 / $438 | 3,524 / 3,474 | 108 / 105 | 0 | 4 |
| 5 Beds | $2,017,000 | $1,850,000 | $1,650,000 – $2,890,000 | $442 / $429 | 4,559 / 4,345 | 89 / 75 | 0 | 5 |
| 6 Beds | $1,000,000 | $1,000,000 | $1,000,000 – $1,000,000 | $290 / $290 | 3,444 / 3,444 | 17 / 17 | 0 | 1 |
| 7 Beds | $2,800,000 | $2,800,000 | $2,800,000 – $2,800,000 | $589 / $589 | 4,750 / 4,750 | 150 / 150 | 0 | 1 |
Rental Market Overview
Median Rent
$1,779
+1.7%
Median DOM
1
0.0%
New Listings
187
Inventory
357
−4.0%
- Average Rent: $1,865
- Median Rent: $1,779
- Rent Range: $895 – $4,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 874 / 783
- Square Footage Range: 252 – 3,250
- Days on Market (Avg/Median): 8 / 1
- Days on Market Range: 1 – 296
- New Listings: 187
- Total Listings: 357
Rentals by Property Type
Apartment
$1,787
Median DOM: 1
Inventory: 318
MoM: +1.7%
Condo
$1,650
Median DOM: 37
Inventory: 28
MoM: +1.7%
Single Family
$1,850
Median DOM: 1
Inventory: 8
MoM: +1.7%
Townhouse
$1,600
Median DOM: 1
Inventory: 1
MoM: +1.7%
Apartment
Avg/Median Rent$1,869 / $1,787Range$895 – $3,650Rent per Sq Ft$2 / $2Sq Ft862 / 780DOM4 / 1New177Total318
Condo
Avg/Median Rent$1,704 / $1,650Range$1,200 – $2,600Rent per Sq Ft$2 / $2Sq Ft855 / 925DOM47 / 37New6Total28
Multi-Family
Avg/Median Rent$1,700 / $1,500Range$1,500 – $1,900Rent per Sq Ft$2 / $2Sq Ft725 / 700DOM152 / 85New0Total2
Single Family
Avg/Median Rent$2,347 / $1,850Range$1,200 – $4,500Rent per Sq Ft$2 / $2Sq Ft1,519 / 1,000DOM24 / 1New4Total8
Townhouse
Avg/Median Rent$1,600 / $1,600Range$1,600 – $1,600Rent per Sq Ft$2 / $2Sq Ft1,000 / 1,000DOM1 / 1New0Total1
Rentals by Bedroom Count
Studio
Avg:$1,401Median:$1,397Range:$950 – $2,047PSF:$3 / $3Sq Ft:539 / 532DOM:6 / 1New:27Total:48
1 Beds
Avg:$1,773Median:$1,768Range:$895 – $2,849PSF:$2 / $2Sq Ft:753 / 741DOM:9 / 1New:97Total:184
2 Beds
Avg:$2,121Median:$2,100Range:$1,349 – $3,588PSF:$2 / $2Sq Ft:1,127 / 1,115DOM:6 / 1New:60Total:118
3 Beds
Avg:$2,680Median:$2,710Range:$2,551 – $2,779PSF:$2 / $2Sq Ft:1,567 / 1,470DOM:1 / 1New:3Total:3
4 Beds
Avg:$3,183Median:$3,300Range:$2,600 – $3,650PSF:$1 / $1Sq Ft:2,588 / 2,354DOM:49 / 58New:0Total:3
5 Beds
Avg:$4,500Median:$4,500Range:$4,500 – $4,500PSF:$2 / $2Sq Ft:2,300 / 2,300DOM:101 / 101New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,401 | $1,397 | $950 – $2,047 | $3 / $3 | 539 / 532 | 6 / 1 | 27 | 48 |
| 1 Beds | $1,773 | $1,768 | $895 – $2,849 | $2 / $2 | 753 / 741 | 9 / 1 | 97 | 184 |
| 2 Beds | $2,121 | $2,100 | $1,349 – $3,588 | $2 / $2 | 1,127 / 1,115 | 6 / 1 | 60 | 118 |
| 3 Beds | $2,680 | $2,710 | $2,551 – $2,779 | $2 / $2 | 1,567 / 1,470 | 1 / 1 | 3 | 3 |
| 4 Beds | $3,183 | $3,300 | $2,600 – $3,650 | $1 / $1 | 2,588 / 2,354 | 49 / 58 | 0 | 3 |
| 5 Beds | $4,500 | $4,500 | $4,500 – $4,500 | $2 / $2 | 2,300 / 2,300 | 101 / 101 | 0 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$375,000Median DOM:49New:19Total:61
Apr 2026
Median Price:$375,000Median DOM:45New:15Total:63
May 2026
Median Price:$410,000Median DOM:39New:22Total:72
Jun 2026
Median Price:$410,000Median DOM:64New:6Total:71
Jul 2026
Median Price:$375,000Median DOM:64New:19Total:80
Aug 2026
Median Price:$359,900Median DOM:65New:7Total:75
6-Month Rental Trend
Mar 2026
Median Rent:$1,739Median DOM:1New:371Total:448
Apr 2026
Median Rent:$1,709Median DOM:1New:378Total:476
May 2026
Median Rent:$1,729Median DOM:1New:326Total:477
Jun 2026
Median Rent:$1,749Median DOM:1New:279Total:430
Jul 2026
Median Rent:$1,750Median DOM:1New:230Total:372
Aug 2026
Median Rent:$1,779Median DOM:1New:187Total:357
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing increased, while total rental inventory tightened.
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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