ZIP 27605 Housing Market Report
Raleigh Metro
Report period: July 2026
27605 Monthly Market Update – July 2026
ZIP 27605 · Last updated Jul 11, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$369,000
−10.0%
Median DOM (Sales)
71
+10.9%
New Listings (Sales)
7
+16.7%
Median Rent
$1,739
−0.6%
Median DOM (Rental)
1
0.0%
Total Rental Listings
445
+3.5%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Multi-Family (8 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($2,900,000 median)
Sales Market Overview
Median Price
$369,000
−10.0%
Median DOM
71
+10.9%
New Listings
7
+16.7%
Inventory
76
+7.0%
- Average Price: $686,337
- Median Price: $369,000
- Price Range: $200,000 – $2,900,000
- Price per Sq Ft (Avg/Median): $411 / $401
- Square Footage (Avg/Median): 1,624 / 1,008
- Square Footage Range: 488 – 6,255
- Days on Market (Avg/Median): 85 / 71
- Days on Market Range: 2 – 266
- New Listings: 7
- Total Listings: 76
Sales by Property Type
Condo
Avg/Median Price$382,338 / $325,000Range$200,000 – $1,550,000Price per Sq Ft$406 / $393Sq Ft932 / 927DOM96 / 80New5Total50
Land
Avg/Median Price$599,000 / $599,000Range$599,000 – $599,000Price per Sq Ft—Sq Ft—DOM74 / 74New0Total1
Multi-Family
Avg/Median Price$875,000 / $650,000Range$650,000 – $1,100,000Price per Sq Ft$326 / $308Sq Ft2,651 / 2,110DOM10 / 8New1Total2
Single Family
Avg/Median Price$1,472,853 / $1,385,000Range$425,000 – $2,900,000Price per Sq Ft$445 / $438Sq Ft3,280 / 3,460DOM69 / 58New1Total19
Townhouse
Avg/Median Price$677,875 / $347,500Range$335,000 – $1,265,000Price per Sq Ft$349 / $341Sq Ft1,900 / 1,018DOM68 / 57New0Total4
Sales by Bedroom Count
Studio
Avg:$444,967Median:$359,900Range:$325,000 – $650,000PSF:$405 / $309Sq Ft:1,255 / 1,051DOM:37 / 10New:2Total:3
1 Beds
Avg:$294,472Median:$275,000Range:$200,000 – $600,000PSF:$420 / $402Sq Ft:705 / 721DOM:109 / 129New:0Total:18
2 Beds
Avg:$389,025Median:$349,000Range:$274,900 – $549,700PSF:$387 / $355Sq Ft:1,004 / 978DOM:83 / 56New:4Total:32
3 Beds
Avg:$1,032,100Median:$995,000Range:$750,000 – $1,550,000PSF:$441 / $420Sq Ft:2,346 / 2,169DOM:70 / 57New:1Total:9
4 Beds
Avg:$1,526,000Median:$1,600,000Range:$1,100,000 – $1,850,000PSF:$430 / $438Sq Ft:3,537 / 3,588DOM:73 / 105New:0Total:5
5 Beds
Avg:$1,920,000Median:$1,845,000Range:$1,385,000 – $2,890,000PSF:$437 / $429Sq Ft:4,375 / 4,308DOM:55 / 45New:0Total:6
6 Beds
Avg:$1,139,500Median:$1,139,500Range:$1,139,500 – $1,139,500PSF:$331 / $331Sq Ft:3,444 / 3,444DOM:229 / 229New:0Total:1
7 Beds
Avg:$2,900,000Median:$2,900,000Range:$2,900,000 – $2,900,000PSF:$611 / $611Sq Ft:4,750 / 4,750DOM:120 / 120New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $444,967 | $359,900 | $325,000 – $650,000 | $405 / $309 | 1,255 / 1,051 | 37 / 10 | 2 | 3 |
| 1 Beds | $294,472 | $275,000 | $200,000 – $600,000 | $420 / $402 | 705 / 721 | 109 / 129 | 0 | 18 |
| 2 Beds | $389,025 | $349,000 | $274,900 – $549,700 | $387 / $355 | 1,004 / 978 | 83 / 56 | 4 | 32 |
| 3 Beds | $1,032,100 | $995,000 | $750,000 – $1,550,000 | $441 / $420 | 2,346 / 2,169 | 70 / 57 | 1 | 9 |
| 4 Beds | $1,526,000 | $1,600,000 | $1,100,000 – $1,850,000 | $430 / $438 | 3,537 / 3,588 | 73 / 105 | 0 | 5 |
| 5 Beds | $1,920,000 | $1,845,000 | $1,385,000 – $2,890,000 | $437 / $429 | 4,375 / 4,308 | 55 / 45 | 0 | 6 |
| 6 Beds | $1,139,500 | $1,139,500 | $1,139,500 – $1,139,500 | $331 / $331 | 3,444 / 3,444 | 229 / 229 | 0 | 1 |
| 7 Beds | $2,900,000 | $2,900,000 | $2,900,000 – $2,900,000 | $611 / $611 | 4,750 / 4,750 | 120 / 120 | 0 | 1 |
Rental Market Overview
Median Rent
$1,739
−0.6%
Median DOM
1
0.0%
New Listings
198
Inventory
445
+3.5%
- Average Rent: $1,805
- Median Rent: $1,739
- Rent Range: $895 – $5,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 859 / 780
- Square Footage Range: 252 – 3,250
- Days on Market (Avg/Median): 7 / 1
- Days on Market Range: 1 – 284
- New Listings: 198
- Total Listings: 445
Rentals by Property Type
Apartment
$1,739
Median DOM: 1
Inventory: 399
MoM: −0.6%
Condo
$1,695
Median DOM: 23
Inventory: 32
MoM: −0.6%
Single Family
$1,850
Median DOM: 1
Inventory: 10
MoM: −0.6%
Townhouse
$1,595
Median DOM: 1
Inventory: 2
MoM: −0.6%
Apartment
Avg/Median Rent$1,794 / $1,739Range$895 – $4,000Rent per Sq Ft$2 / $2Sq Ft838 / 757DOM3 / 1New190Total399
Condo
Avg/Median Rent$1,796 / $1,695Range$1,200 – $4,650Rent per Sq Ft$2 / $2Sq Ft940 / 959DOM46 / 23New5Total32
Multi-Family
Avg/Median Rent$1,700 / $1,500Range$1,500 – $1,900Rent per Sq Ft$2 / $2Sq Ft725 / 700DOM137 / 85New0Total2
Single Family
Avg/Median Rent$2,350 / $1,850Range$1,200 – $5,000Rent per Sq Ft$2 / $2Sq Ft1,522 / 1,200DOM13 / 1New3Total10
Townhouse
Avg/Median Rent$1,598 / $1,595Range$1,595 – $1,600Rent per Sq Ft$2 / $2Sq Ft1,000 / 1,000DOM1 / 1New0Total2
Rentals by Bedroom Count
Studio
Avg:$1,395Median:$1,372Range:$950 – $1,822PSF:$3 / $3Sq Ft:547 / 537DOM:2 / 1New:31Total:61
1 Beds
Avg:$1,648Median:$1,709Range:$895 – $2,259PSF:$2 / $2Sq Ft:745 / 741DOM:8 / 1New:101Total:238
2 Beds
Avg:$2,159Median:$2,170Range:$1,450 – $3,588PSF:$2 / $2Sq Ft:1,114 / 1,100DOM:6 / 1New:63Total:138
3 Beds
Avg:$2,941Median:$2,605Range:$2,450 – $4,000PSF:$2 / $2Sq Ft:1,836 / 1,470DOM:4 / 1New:3Total:4
4 Beds
Avg:$3,750Median:$4,000Range:$2,600 – $4,650PSF:$1 / $1Sq Ft:2,695 / 2,480DOM:24 / 28New:0Total:3
5 Beds
Avg:$5,000Median:$5,000Range:$5,000 – $5,000PSF:$2 / $2Sq Ft:2,300 / 2,300DOM:71 / 71New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,395 | $1,372 | $950 – $1,822 | $3 / $3 | 547 / 537 | 2 / 1 | 31 | 61 |
| 1 Beds | $1,648 | $1,709 | $895 – $2,259 | $2 / $2 | 745 / 741 | 8 / 1 | 101 | 238 |
| 2 Beds | $2,159 | $2,170 | $1,450 – $3,588 | $2 / $2 | 1,114 / 1,100 | 6 / 1 | 63 | 138 |
| 3 Beds | $2,941 | $2,605 | $2,450 – $4,000 | $2 / $2 | 1,836 / 1,470 | 4 / 1 | 3 | 4 |
| 4 Beds | $3,750 | $4,000 | $2,600 – $4,650 | $1 / $1 | 2,695 / 2,480 | 24 / 28 | 0 | 3 |
| 5 Beds | $5,000 | $5,000 | $5,000 – $5,000 | $2 / $2 | 2,300 / 2,300 | 71 / 71 | 0 | 1 |
6-Month Sales Trend
Feb 2026
Median Price:$389,000Median DOM:45New:10Total:54
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:$369,000Median DOM:71New:7Total:76
6-Month Rental Trend
Feb 2026
Median Rent:$1,809Median DOM:1New:357Total:443
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:$1,739Median DOM:1New:198Total:445
Key Market Takeaways
Median sale prices softened this month while inventory expanded. 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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