ZIP 27607 Housing Market Report
Raleigh Metro
Report period: August 2026
27607 Monthly Market Update – August 2026
ZIP 27607 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$934,900
−1.6%
Median DOM (Sales)
79
+33.9%
New Listings (Sales)
2
−87.5%
Median Rent
$1,648
+0.3%
Median DOM (Rental)
1
0.0%
Total Rental Listings
770
+1.6%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Multi-Family (16 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($2,400,000 median)
Sales Market Overview
Median Price
$934,900
−1.6%
Median DOM
79
+33.9%
New Listings
2
−87.5%
Inventory
103
−8.0%
- Average Price: $1,370,880
- Median Price: $934,900
- Price Range: $225,000 – $5,500,000
- Price per Sq Ft (Avg/Median): $431 / $424
- Square Footage (Avg/Median): 3,079 / 2,873
- Square Footage Range: 779 – 6,925
- Days on Market (Avg/Median): 92 / 79
- Days on Market Range: 2 – 356
- New Listings: 2
- Total Listings: 103
Sales by Property Type
Condo
Avg/Median Price$779,400 / $850,000Range$225,000 – $1,150,000Price per Sq Ft$451 / $343Sq Ft1,815 / 1,670DOM85 / 88New0Total10
Land
Avg/Median Price$875,000 / $800,000Range$575,000 – $1,250,000Price per Sq Ft—Sq Ft—DOM184 / 105New0Total3
Multi-Family
Avg/Median Price$825,000 / $825,000Range$825,000 – $825,000Price per Sq Ft$424 / $424Sq Ft1,944 / 1,944DOM16 / 16New0Total1
Single Family
Avg/Median Price$1,584,115 / $1,437,856Range$379,500 – $5,500,000Price per Sq Ft$449 / $453Sq Ft3,393 / 3,501DOM98 / 88New2Total77
Townhouse
Avg/Median Price$664,983 / $469,900Range$375,000 – $1,225,000Price per Sq Ft$297 / $307Sq Ft2,213 / 2,096DOM42 / 35New0Total12
Sales by Bedroom Count
Studio
Avg:$469,900Median:$469,900Range:$469,900 – $469,900PSF:$343 / $343Sq Ft:1,368 / 1,368DOM:40 / 40New:0Total:1
1 Beds
Avg:$485,000Median:$485,000Range:$485,000 – $485,000PSF:$575 / $575Sq Ft:843 / 843DOM:88 / 88New:0Total:1
2 Beds
Avg:$570,740Median:$575,000Range:$375,000 – $840,000PSF:$486 / $542Sq Ft:1,266 / 1,140DOM:61 / 60New:1Total:10
3 Beds
Avg:$838,262Median:$675,000Range:$225,000 – $3,300,000PSF:$378 / $323Sq Ft:2,237 / 2,015DOM:64 / 59New:1Total:32
4 Beds
Avg:$1,393,615Median:$1,429,000Range:$565,000 – $3,295,000PSF:$401 / $419Sq Ft:3,342 / 3,222DOM:76 / 55New:0Total:31
5 Beds
Avg:$2,552,177Median:$2,400,000Range:$899,000 – $5,500,000PSF:$526 / $529Sq Ft:4,729 / 4,641DOM:160 / 124New:0Total:22
6 Beds
Avg:$1,913,000Median:$2,274,000Range:$715,000 – $2,750,000PSF:$401 / $509Sq Ft:4,619 / 4,375DOM:131 / 137New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $469,900 | $469,900 | $469,900 – $469,900 | $343 / $343 | 1,368 / 1,368 | 40 / 40 | 0 | 1 |
| 1 Beds | $485,000 | $485,000 | $485,000 – $485,000 | $575 / $575 | 843 / 843 | 88 / 88 | 0 | 1 |
| 2 Beds | $570,740 | $575,000 | $375,000 – $840,000 | $486 / $542 | 1,266 / 1,140 | 61 / 60 | 1 | 10 |
| 3 Beds | $838,262 | $675,000 | $225,000 – $3,300,000 | $378 / $323 | 2,237 / 2,015 | 64 / 59 | 1 | 32 |
| 4 Beds | $1,393,615 | $1,429,000 | $565,000 – $3,295,000 | $401 / $419 | 3,342 / 3,222 | 76 / 55 | 0 | 31 |
| 5 Beds | $2,552,177 | $2,400,000 | $899,000 – $5,500,000 | $526 / $529 | 4,729 / 4,641 | 160 / 124 | 0 | 22 |
| 6 Beds | $1,913,000 | $2,274,000 | $715,000 – $2,750,000 | $401 / $509 | 4,619 / 4,375 | 131 / 137 | 0 | 3 |
Rental Market Overview
Median Rent
$1,648
+0.3%
Median DOM
1
0.0%
New Listings
320
Inventory
770
+1.6%
- Average Rent: $1,793
- Median Rent: $1,648
- Rent Range: $625 – $7,400
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 943 / 840
- Square Footage Range: 355 – 6,962
- Days on Market (Avg/Median): 6 / 1
- Days on Market Range: 1 – 342
- New Listings: 320
- Total Listings: 770
Rentals by Property Type
Apartment
$1,612
Median DOM: 1
Inventory: 714
MoM: +0.3%
Condo
$1,900
Median DOM: 35
Inventory: 9
MoM: +0.3%
Single Family
$2,350
Median DOM: 1
Inventory: 33
MoM: +0.3%
Townhouse
$2,245
Median DOM: 1
Inventory: 9
MoM: +0.3%
Apartment
Avg/Median Rent$1,738 / $1,612Range$625 – $3,497Rent per Sq Ft$2 / $2Sq Ft900 / 809DOM4 / 1New306Total714
Condo
Avg/Median Rent$2,326 / $1,900Range$995 – $5,000Rent per Sq Ft$2 / $2Sq Ft1,139 / 989DOM39 / 35New2Total9
Multi-Family
Avg/Median Rent$2,475 / $2,150Range$1,495 – $3,290Rent per Sq Ft$1 / $1Sq Ft1,333 / 1,500DOM116 / 94New0Total5
Single Family
Avg/Median Rent$2,605 / $2,350Range$800 – $7,400Rent per Sq Ft$2 / $2Sq Ft1,972 / 1,420DOM30 / 1New12Total33
Townhouse
Avg/Median Rent$2,334 / $2,245Range$1,750 – $3,350Rent per Sq Ft$1 / $1Sq Ft1,751 / 1,627DOM14 / 1New0Total9
Rentals by Bedroom Count
Studio
Avg:$1,405Median:$1,355Range:$1,212 – $1,999PSF:$2 / $2Sq Ft:591 / 620DOM:6 / 1New:19Total:43
1 Beds
Avg:$1,549Median:$1,495Range:$956 – $2,534PSF:$2 / $2Sq Ft:743 / 743DOM:3 / 1New:172Total:372
2 Beds
Avg:$1,971Median:$1,882Range:$800 – $3,402PSF:$2 / $2Sq Ft:1,086 / 1,089DOM:7 / 1New:106Total:278
3 Beds
Avg:$2,320Median:$2,271Range:$930 – $5,000PSF:$2 / $1Sq Ft:1,455 / 1,452DOM:14 / 1New:19Total:61
4 Beds
Avg:$3,095Median:$3,200Range:$625 – $7,400PSF:$1 / $1Sq Ft:2,468 / 1,944DOM:32 / 7New:3Total:14
5 Beds
Avg:$5,748Median:$5,500Range:$5,500 – $5,995PSF:$1 / $1Sq Ft:4,616 / 4,200DOM:1 / 1New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,405 | $1,355 | $1,212 – $1,999 | $2 / $2 | 591 / 620 | 6 / 1 | 19 | 43 |
| 1 Beds | $1,549 | $1,495 | $956 – $2,534 | $2 / $2 | 743 / 743 | 3 / 1 | 172 | 372 |
| 2 Beds | $1,971 | $1,882 | $800 – $3,402 | $2 / $2 | 1,086 / 1,089 | 7 / 1 | 106 | 278 |
| 3 Beds | $2,320 | $2,271 | $930 – $5,000 | $2 / $1 | 1,455 / 1,452 | 14 / 1 | 19 | 61 |
| 4 Beds | $3,095 | $3,200 | $625 – $7,400 | $1 / $1 | 2,468 / 1,944 | 32 / 7 | 3 | 14 |
| 5 Beds | $5,748 | $5,500 | $5,500 – $5,995 | $1 / $1 | 4,616 / 4,200 | 1 / 1 | 1 | 2 |
6-Month Sales Trend
Mar 2026
Median Price:$899,000Median DOM:47New:31Total:98
Apr 2026
Median Price:$925,000Median DOM:26New:47Total:126
May 2026
Median Price:$930,000Median DOM:38New:29Total:129
Jun 2026
Median Price:$925,000Median DOM:55New:23Total:127
Jul 2026
Median Price:$950,000Median DOM:59New:16Total:112
Aug 2026
Median Price:$934,900Median DOM:79New:2Total:103
6-Month Rental Trend
Mar 2026
Median Rent:$1,534Median DOM:1New:420Total:592
Apr 2026
Median Rent:$1,534Median DOM:1New:477Total:653
May 2026
Median Rent:$1,542Median DOM:1New:508Total:713
Jun 2026
Median Rent:$1,577Median DOM:1New:530Total:743
Jul 2026
Median Rent:$1,643Median DOM:1New:483Total:758
Aug 2026
Median Rent:$1,648Median DOM:1New:320Total:770
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 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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