ZIP 27606 Housing Market Report
Raleigh Metro
Report period: July 2026
27606 Monthly Market Update – July 2026
ZIP 27606 · Last updated Jul 11, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$404,000
0.0%
Median DOM (Sales)
40
+5.3%
New Listings (Sales)
25
−51.0%
Median Rent
$1,416
−0.1%
Median DOM (Rental)
1
0.0%
Total Rental Listings
1,036
+1.6%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (33 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($1,299,950 median)
Sales Market Overview
Median Price
$404,000
0.0%
Median DOM
40
+5.3%
New Listings
25
−51.0%
Inventory
231
+2.7%
- Average Price: $559,716
- Median Price: $404,000
- Price Range: $110,000 – $5,750,000
- Price per Sq Ft (Avg/Median): $253 / $241
- Square Footage (Avg/Median): 2,010 / 1,668
- Square Footage Range: 658 – 7,507
- Days on Market (Avg/Median): 61 / 40
- Days on Market Range: 1 – 316
- New Listings: 25
- Total Listings: 231
Sales by Property Type
Condo
Avg/Median Price$244,698 / $225,000Range$110,000 – $519,000Price per Sq Ft$219 / $212Sq Ft1,124 / 1,155DOM69 / 49New3Total47
Land
Avg/Median Price$901,062 / $433,000Range$180,000 – $5,750,000Price per Sq Ft—Sq Ft—DOM57 / 51New2Total16
Multi-Family
Avg/Median Price$707,250 / $599,000Range$480,000 – $1,050,000Price per Sq Ft$227 / $220Sq Ft3,275 / 2,727DOM104 / 46New1Total4
Single Family
Avg/Median Price$782,694 / $655,000Range$230,000 – $4,500,000Price per Sq Ft$289 / $272Sq Ft2,639 / 2,433DOM53 / 33New11Total101
Townhouse
Avg/Median Price$341,200 / $330,000Range$172,000 – $645,000Price per Sq Ft$221 / $223Sq Ft1,567 / 1,409DOM65 / 40New8Total63
Sales by Bedroom Count
Studio
Avg:$219,900Median:$219,900Range:$219,900 – $219,900PSF:$229 / $229Sq Ft:960 / 960DOM:20 / 20New:0Total:1
1 Beds
Avg:$234,667Median:$285,000Range:$119,000 – $300,000PSF:$333 / $397Sq Ft:697 / 712DOM:27 / 29New:1Total:3
2 Beds
Avg:$253,876Median:$249,000Range:$110,000 – $424,900PSF:$222 / $218Sq Ft:1,146 / 1,142DOM:68 / 44New:4Total:53
3 Beds
Avg:$461,702Median:$423,900Range:$174,900 – $899,900PSF:$254 / $244Sq Ft:1,829 / 1,757DOM:50 / 32New:11Total:83
4 Beds
Avg:$788,208Median:$610,000Range:$260,000 – $4,500,000PSF:$274 / $252Sq Ft:2,640 / 2,473DOM:67 / 47New:6Total:62
5 Beds
Avg:$1,145,994Median:$1,299,950Range:$559,000 – $1,875,000PSF:$284 / $261Sq Ft:4,047 / 3,610DOM:90 / 49New:0Total:9
6 Beds
Avg:$847,500Median:$645,000Range:$645,000 – $1,050,000PSF:$189 / $157Sq Ft:4,434 / 4,117DOM:172 / 28New:0Total:2
8 Beds
Avg:$649,500Median:$599,000Range:$599,000 – $699,999PSF:$198 / $176Sq Ft:3,354 / 2,727DOM:25 / 4New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $219,900 | $219,900 | $219,900 – $219,900 | $229 / $229 | 960 / 960 | 20 / 20 | 0 | 1 |
| 1 Beds | $234,667 | $285,000 | $119,000 – $300,000 | $333 / $397 | 697 / 712 | 27 / 29 | 1 | 3 |
| 2 Beds | $253,876 | $249,000 | $110,000 – $424,900 | $222 / $218 | 1,146 / 1,142 | 68 / 44 | 4 | 53 |
| 3 Beds | $461,702 | $423,900 | $174,900 – $899,900 | $254 / $244 | 1,829 / 1,757 | 50 / 32 | 11 | 83 |
| 4 Beds | $788,208 | $610,000 | $260,000 – $4,500,000 | $274 / $252 | 2,640 / 2,473 | 67 / 47 | 6 | 62 |
| 5 Beds | $1,145,994 | $1,299,950 | $559,000 – $1,875,000 | $284 / $261 | 4,047 / 3,610 | 90 / 49 | 0 | 9 |
| 6 Beds | $847,500 | $645,000 | $645,000 – $1,050,000 | $189 / $157 | 4,434 / 4,117 | 172 / 28 | 0 | 2 |
| 8 Beds | $649,500 | $599,000 | $599,000 – $699,999 | $198 / $176 | 3,354 / 2,727 | 25 / 4 | 1 | 2 |
Rental Market Overview
Median Rent
$1,416
−0.1%
Median DOM
1
0.0%
New Listings
391
Inventory
1,036
+1.6%
- Average Rent: $1,504
- Median Rent: $1,416
- Rent Range: $550 – $5,846
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,002 / 970
- Square Footage Range: 350 – 2,787
- Days on Market (Avg/Median): 16 / 1
- Days on Market Range: 1 – 362
- New Listings: 391
- Total Listings: 1,036
Rentals by Property Type
Apartment
$1,396
Median DOM: 1
Inventory: 846
MoM: −0.1%
Condo
$1,345
Median DOM: 15
Inventory: 62
MoM: −0.1%
Single Family
$1,795
Median DOM: 1
Inventory: 49
MoM: −0.1%
Townhouse
$1,895
Median DOM: 13
Inventory: 68
MoM: −0.1%
Apartment
Avg/Median Rent$1,460 / $1,396Range$599 – $4,581Rent per Sq Ft$2 / $2Sq Ft941 / 880DOM11 / 1New339Total846
Condo
Avg/Median Rent$1,344 / $1,345Range$550 – $2,600Rent per Sq Ft$1 / $1Sq Ft1,061 / 1,166DOM40 / 15New17Total62
Multi-Family
Avg/Median Rent$1,460 / $1,500Range$1,000 – $1,800Rent per Sq Ft$1 / $1Sq Ft1,092 / 1,050DOM90 / 58New0Total11
Single Family
Avg/Median Rent$1,782 / $1,795Range$595 – $3,995Rent per Sq Ft$1 / $1Sq Ft1,425 / 1,288DOM21 / 1New19Total49
Townhouse
Avg/Median Rent$2,003 / $1,895Range$695 – $5,846Rent per Sq Ft$1 / $1Sq Ft1,455 / 1,359DOM38 / 13New16Total68
Rentals by Bedroom Count
Studio
Avg:$1,156Median:$1,024Range:$850 – $2,400PSF:$2 / $2Sq Ft:558 / 500DOM:12 / 1New:4Total:13
1 Beds
Avg:$1,269Median:$1,263Range:$550 – $2,052PSF:$2 / $2Sq Ft:742 / 720DOM:9 / 1New:151Total:381
2 Beds
Avg:$1,515Median:$1,458Range:$620 – $2,549PSF:$1 / $1Sq Ft:1,059 / 1,050DOM:16 / 1New:171Total:449
3 Beds
Avg:$1,888Median:$1,795Range:$599 – $5,846PSF:$1 / $1Sq Ft:1,383 / 1,320DOM:24 / 1New:54Total:152
4 Beds
Avg:$2,235Median:$2,175Range:$645 – $4,581PSF:$1 / $2Sq Ft:1,538 / 1,432DOM:55 / 17New:10Total:39
5 Beds
Avg:$2,738Median:$2,500Range:$2,500 – $2,975PSF:$1 / $1Sq Ft:2,111 / 1,928DOM:1 / 1New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,156 | $1,024 | $850 – $2,400 | $2 / $2 | 558 / 500 | 12 / 1 | 4 | 13 |
| 1 Beds | $1,269 | $1,263 | $550 – $2,052 | $2 / $2 | 742 / 720 | 9 / 1 | 151 | 381 |
| 2 Beds | $1,515 | $1,458 | $620 – $2,549 | $1 / $1 | 1,059 / 1,050 | 16 / 1 | 171 | 449 |
| 3 Beds | $1,888 | $1,795 | $599 – $5,846 | $1 / $1 | 1,383 / 1,320 | 24 / 1 | 54 | 152 |
| 4 Beds | $2,235 | $2,175 | $645 – $4,581 | $1 / $2 | 1,538 / 1,432 | 55 / 17 | 10 | 39 |
| 5 Beds | $2,738 | $2,500 | $2,500 – $2,975 | $1 / $1 | 2,111 / 1,928 | 1 / 1 | 1 | 2 |
6-Month Sales Trend
Feb 2026
Median Price:$424,000Median DOM:45New:45Total:170
Mar 2026
Median Price:$400,000Median DOM:25New:67Total:183
Apr 2026
Median Price:$419,000Median DOM:31New:65Total:215
May 2026
Median Price:$426,900Median DOM:35New:57Total:225
Jun 2026
Median Price:$404,000Median DOM:38New:51Total:225
Jul 2026
Median Price:$404,000Median DOM:40New:25Total:231
6-Month Rental Trend
Feb 2026
Median Rent:$1,399Median DOM:1New:657Total:997
Mar 2026
Median Rent:$1,393Median DOM:1New:670Total:1,020
Apr 2026
Median Rent:$1,425Median DOM:1New:658Total:1,037
May 2026
Median Rent:$1,432Median DOM:1New:658Total:1,051
Jun 2026
Median Rent:$1,417Median DOM:1New:608Total:1,020
Jul 2026
Median Rent:$1,416Median DOM:1New:391Total:1,036
Key Market Takeaways
Median sale prices held steady 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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