ZIP 27607 Housing Market Report
Raleigh Metro
Report period: July 2026
27607 Monthly Market Update – July 2026
ZIP 27607 · Last updated Jul 11, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$920,000
−0.5%
Median DOM (Sales)
58
+5.5%
New Listings (Sales)
3
−87.0%
Median Rent
$1,602
+1.6%
Median DOM (Rental)
1
0.0%
Total Rental Listings
806
+8.5%
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 ($2,450,000 median)
Sales Market Overview
Median Price
$920,000
−0.5%
Median DOM
58
+5.5%
New Listings
3
−87.0%
Inventory
123
−3.1%
- Average Price: $1,321,821
- Median Price: $920,000
- Price Range: $190,000 – $5,500,000
- Price per Sq Ft (Avg/Median): $421 / $417
- Square Footage (Avg/Median): 3,006 / 2,700
- Square Footage Range: 779 – 7,238
- Days on Market (Avg/Median): 77 / 58
- Days on Market Range: 2 – 359
- New Listings: 3
- Total Listings: 123
Sales by Property Type
Condo
Avg/Median Price$744,900 / $850,000Range$225,000 – $1,150,000Price per Sq Ft$446 / $404Sq Ft1,740 / 1,670DOM60 / 58New0Total11
Land
Avg/Median Price$895,000 / $800,000Range$635,000 – $1,250,000Price per Sq Ft—Sq Ft—DOM140 / 62New0Total3
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$1,516,065 / $1,250,000Range$190,000 – $5,500,000Price per Sq Ft$440 / $430Sq Ft3,294 / 3,251DOM84 / 60New2Total94
Townhouse
Avg/Median Price$597,850 / $475,000Range$385,000 – $1,050,000Price per Sq Ft$276 / $258Sq Ft2,145 / 2,096DOM30 / 26New1Total14
Sales by Bedroom Count
Studio
Avg:$469,900Median:$469,900Range:$469,900 – $469,900PSF:$343 / $343Sq Ft:1,368 / 1,368DOM:34 / 34New:0Total:1
1 Beds
Avg:$485,000Median:$485,000Range:$485,000 – $485,000PSF:$575 / $575Sq Ft:843 / 843DOM:58 / 58New:0Total:1
2 Beds
Avg:$577,540Median:$575,000Range:$399,900 – $799,000PSF:$504 / $511Sq Ft:1,190 / 1,061DOM:57 / 56New:0Total:10
3 Beds
Avg:$740,207Median:$605,000Range:$190,000 – $3,300,000PSF:$361 / $324Sq Ft:2,026 / 1,814DOM:49 / 43New:3Total:41
4 Beds
Avg:$1,364,886Median:$1,250,000Range:$550,000 – $3,550,000PSF:$401 / $419Sq Ft:3,271 / 3,204DOM:61 / 40New:0Total:38
5 Beds
Avg:$2,505,788Median:$2,450,000Range:$899,000 – $5,500,000PSF:$511 / $506Sq Ft:4,824 / 4,641DOM:144 / 94New:0Total:26
6 Beds
Avg:$1,934,667Median:$2,299,000Range:$755,000 – $2,750,000PSF:$406 / $509Sq Ft:4,619 / 4,375DOM:101 / 107New: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 | 34 / 34 | 0 | 1 |
| 1 Beds | $485,000 | $485,000 | $485,000 – $485,000 | $575 / $575 | 843 / 843 | 58 / 58 | 0 | 1 |
| 2 Beds | $577,540 | $575,000 | $399,900 – $799,000 | $504 / $511 | 1,190 / 1,061 | 57 / 56 | 0 | 10 |
| 3 Beds | $740,207 | $605,000 | $190,000 – $3,300,000 | $361 / $324 | 2,026 / 1,814 | 49 / 43 | 3 | 41 |
| 4 Beds | $1,364,886 | $1,250,000 | $550,000 – $3,550,000 | $401 / $419 | 3,271 / 3,204 | 61 / 40 | 0 | 38 |
| 5 Beds | $2,505,788 | $2,450,000 | $899,000 – $5,500,000 | $511 / $506 | 4,824 / 4,641 | 144 / 94 | 0 | 26 |
| 6 Beds | $1,934,667 | $2,299,000 | $755,000 – $2,750,000 | $406 / $509 | 4,619 / 4,375 | 101 / 107 | 0 | 3 |
Rental Market Overview
Median Rent
$1,602
+1.6%
Median DOM
1
0.0%
New Listings
382
Inventory
806
+8.5%
- Average Rent: $1,767
- Median Rent: $1,602
- Rent Range: $775 – $7,400
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 954 / 840
- Square Footage Range: 355 – 6,962
- Days on Market (Avg/Median): 7 / 1
- Days on Market Range: 1 – 342
- New Listings: 382
- Total Listings: 806
Rentals by Property Type
Apartment
$1,560
Median DOM: 1
Inventory: 747
MoM: +1.6%
Condo
$1,900
Median DOM: 29
Inventory: 9
MoM: +1.6%
Single Family
$2,300
Median DOM: 6
Inventory: 32
MoM: +1.6%
Townhouse
$2,395
Median DOM: 1
Inventory: 13
MoM: +1.6%
Apartment
Avg/Median Rent$1,694 / $1,560Range$775 – $3,497Rent per Sq Ft$2 / $2Sq Ft906 / 830DOM5 / 1New363Total747
Condo
Avg/Median Rent$2,418 / $1,900Range$995 – $5,000Rent per Sq Ft$2 / $2Sq Ft1,112 / 989DOM37 / 29New1Total9
Multi-Family
Avg/Median Rent$2,375 / $2,300Range$1,495 – $3,290Rent per Sq Ft$2 / $2Sq Ft875 / 750DOM87 / 38New2Total5
Single Family
Avg/Median Rent$2,863 / $2,300Range$800 – $7,400Rent per Sq Ft$2 / $2Sq Ft2,144 / 1,485DOM28 / 6New12Total32
Townhouse
Avg/Median Rent$2,577 / $2,395Range$1,995 – $4,495Rent per Sq Ft$2 / $1Sq Ft1,738 / 1,627DOM18 / 1New4Total13
Rentals by Bedroom Count
Studio
Avg:$1,417Median:$1,332Range:$1,206 – $1,957PSF:$2 / $2Sq Ft:587 / 620DOM:3 / 1New:19Total:40
1 Beds
Avg:$1,495Median:$1,455Range:$956 – $2,327PSF:$2 / $2Sq Ft:742 / 744DOM:5 / 1New:193Total:388
2 Beds
Avg:$1,923Median:$1,892Range:$800 – $3,402PSF:$2 / $2Sq Ft:1,095 / 1,100DOM:9 / 1New:135Total:301
3 Beds
Avg:$2,450Median:$2,300Range:$1,472 – $7,000PSF:$2 / $1Sq Ft:1,499 / 1,398DOM:10 / 1New:29Total:60
4 Beds
Avg:$3,274Median:$3,290Range:$775 – $7,400PSF:$1 / $1Sq Ft:2,471 / 2,139DOM:26 / 6New:4Total:14
5 Beds
Avg:$5,298Median:$5,500Range:$4,000 – $6,395PSF:$1 / $1Sq Ft:4,161 / 4,200DOM:5 / 1New:2Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,417 | $1,332 | $1,206 – $1,957 | $2 / $2 | 587 / 620 | 3 / 1 | 19 | 40 |
| 1 Beds | $1,495 | $1,455 | $956 – $2,327 | $2 / $2 | 742 / 744 | 5 / 1 | 193 | 388 |
| 2 Beds | $1,923 | $1,892 | $800 – $3,402 | $2 / $2 | 1,095 / 1,100 | 9 / 1 | 135 | 301 |
| 3 Beds | $2,450 | $2,300 | $1,472 – $7,000 | $2 / $1 | 1,499 / 1,398 | 10 / 1 | 29 | 60 |
| 4 Beds | $3,274 | $3,290 | $775 – $7,400 | $1 / $1 | 2,471 / 2,139 | 26 / 6 | 4 | 14 |
| 5 Beds | $5,298 | $5,500 | $4,000 – $6,395 | $1 / $1 | 4,161 / 4,200 | 5 / 1 | 2 | 3 |
6-Month Sales Trend
Feb 2026
Median Price:$924,900Median DOM:64New:15Total:83
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:$920,000Median DOM:58New:3Total:123
6-Month Rental Trend
Feb 2026
Median Rent:$1,536Median DOM:1New:410Total:567
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:$1,602Median DOM:1New:382Total:806
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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