ZIP 27607 Housing Market Report
Raleigh Metro
Report period: May 2026
27607 Monthly Market Update – May 2026
ZIP 27607 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$995,000
+7.6%
Median DOM (Sales)
31
+19.2%
New Listings (Sales)
11
−76.6%
Median Rent
$1,534
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
603
−7.7%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Townhouse (18 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($2,550,000 median)
Sales Market Overview
Median Price
$995,000
+7.6%
Median DOM
31
+19.2%
New Listings
11
−76.6%
Inventory
127
+0.8%
- Average Price: $1,325,705
- Median Price: $995,000
- Price Range: $190,000 – $5,500,000
- Price per Sq Ft (Avg/Median): $412 / $402
- Square Footage (Avg/Median): 3,049 / 2,826
- Square Footage Range: 724 – 6,925
- Days on Market (Avg/Median): 67 / 31
- Days on Market Range: 2 – 353
- New Listings: 11
- Total Listings: 127
Sales by Property Type
Condo
Avg/Median Price$651,500 / $409,000Range$225,000 – $1,150,000Price per Sq Ft$424 / $408Sq Ft1,507 / 1,054DOM74 / 63New0Total8
Land
Avg/Median Price$936,667 / $925,000Range$635,000 – $1,250,000Price per Sq Ft—Sq Ft—DOM180 / 261New0Total3
Single Family
Avg/Median Price$1,503,346 / $1,145,000Range$190,000 – $5,500,000Price per Sq Ft$432 / $423Sq Ft3,307 / 3,204DOM66 / 31New10Total100
Townhouse
Avg/Median Price$625,499 / $500,000Range$367,500 – $1,200,000Price per Sq Ft$279 / $251Sq Ft2,205 / 2,178DOM50 / 18New1Total16
Sales by Bedroom Count
2 Beds
Avg:$530,600Median:$480,000Range:$399,000 – $799,000PSF:$487 / $414Sq Ft:1,161 / 1,061DOM:39 / 25New:1Total:10
3 Beds
Avg:$755,663Median:$650,000Range:$190,000 – $3,650,000PSF:$356 / $323Sq Ft:2,075 / 1,848DOM:52 / 19New:4Total:41
4 Beds
Avg:$1,339,785Median:$1,250,000Range:$405,000 – $3,550,000PSF:$383 / $400Sq Ft:3,344 / 3,204DOM:55 / 32New:3Total:47
5 Beds
Avg:$2,549,854Median:$2,550,000Range:$899,000 – $5,500,000PSF:$521 / $527Sq Ft:4,766 / 4,801DOM:117 / 53New:3Total:24
6 Beds
Avg:$2,550,000Median:$2,350,000Range:$2,350,000 – $2,750,000PSF:$523 / $509Sq Ft:4,890 / 4,375DOM:67 / 46New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $530,600 | $480,000 | $399,000 – $799,000 | $487 / $414 | 1,161 / 1,061 | 39 / 25 | 1 | 10 |
| 3 Beds | $755,663 | $650,000 | $190,000 – $3,650,000 | $356 / $323 | 2,075 / 1,848 | 52 / 19 | 4 | 41 |
| 4 Beds | $1,339,785 | $1,250,000 | $405,000 – $3,550,000 | $383 / $400 | 3,344 / 3,204 | 55 / 32 | 3 | 47 |
| 5 Beds | $2,549,854 | $2,550,000 | $899,000 – $5,500,000 | $521 / $527 | 4,766 / 4,801 | 117 / 53 | 3 | 24 |
| 6 Beds | $2,550,000 | $2,350,000 | $2,350,000 – $2,750,000 | $523 / $509 | 4,890 / 4,375 | 67 / 46 | 0 | 2 |
Rental Market Overview
Median Rent
$1,534
0.0%
Median DOM
1
0.0%
New Listings
316
Inventory
603
−7.7%
- Average Rent: $1,685
- Median Rent: $1,534
- Rent Range: $990 – $7,400
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 994 / 853
- Square Footage Range: 394 – 6,962
- Days on Market (Avg/Median): 8 / 1
- Days on Market Range: 1 – 359
- New Listings: 316
- Total Listings: 603
Rentals by Property Type
Apartment
$1,514
Median DOM: 1
Inventory: 557
MoM: 0.0%
Condo
$1,750
Median DOM: 1
Inventory: 4
MoM: 0.0%
Single Family
$2,450
Median DOM: 10
Inventory: 26
MoM: 0.0%
Townhouse
$2,300
Median DOM: 34
Inventory: 13
MoM: 0.0%
Apartment
Avg/Median Rent$1,593 / $1,514Range$990 – $3,170Rent per Sq Ft$2 / $2Sq Ft926 / 840DOM5 / 1New306Total557
Condo
Avg/Median Rent$2,406 / $1,750Range$1,050 – $5,000Rent per Sq Ft$2 / $2Sq Ft1,221 / 1,044DOM28 / 1New1Total4
Multi-Family
Avg/Median Rent$2,430 / $2,300Range$1,495 – $3,495Rent per Sq Ft$2 / $2Sq Ft1,000 / 1,000DOM95 / 27New1Total3
Single Family
Avg/Median Rent$3,079 / $2,450Range$1,395 – $7,400Rent per Sq Ft$2 / $1Sq Ft2,345 / 1,747DOM22 / 10New6Total26
Townhouse
Avg/Median Rent$2,468 / $2,300Range$1,025 – $4,495Rent per Sq Ft$2 / $2Sq Ft1,656 / 1,495DOM44 / 34New2Total13
Rentals by Bedroom Count
Studio
Avg:$1,359Median:$1,346Range:$1,192 – $1,664PSF:$2 / $2Sq Ft:593 / 620DOM:25 / 1New:13Total:27
1 Beds
Avg:$1,425Median:$1,439Range:$990 – $2,200PSF:$2 / $2Sq Ft:751 / 745DOM:3 / 1New:156Total:284
2 Beds
Avg:$1,758Median:$1,795Range:$1,108 – $3,495PSF:$2 / $2Sq Ft:1,105 / 1,105DOM:10 / 1New:117Total:219
3 Beds
Avg:$2,244Median:$2,200Range:$1,425 – $5,000PSF:$2 / $2Sq Ft:1,492 / 1,393DOM:9 / 1New:25Total:61
4 Beds
Avg:$3,777Median:$3,295Range:$2,450 – $7,400PSF:$1 / $1Sq Ft:3,015 / 2,423DOM:42 / 15New:2Total:8
5 Beds
Avg:$5,724Median:$5,500Range:$4,000 – $6,895PSF:$1 / $1Sq Ft:4,142 / 4,087DOM:7 / 1New:3Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,359 | $1,346 | $1,192 – $1,664 | $2 / $2 | 593 / 620 | 25 / 1 | 13 | 27 |
| 1 Beds | $1,425 | $1,439 | $990 – $2,200 | $2 / $2 | 751 / 745 | 3 / 1 | 156 | 284 |
| 2 Beds | $1,758 | $1,795 | $1,108 – $3,495 | $2 / $2 | 1,105 / 1,105 | 10 / 1 | 117 | 219 |
| 3 Beds | $2,244 | $2,200 | $1,425 – $5,000 | $2 / $2 | 1,492 / 1,393 | 9 / 1 | 25 | 61 |
| 4 Beds | $3,777 | $3,295 | $2,450 – $7,400 | $1 / $1 | 3,015 / 2,423 | 42 / 15 | 2 | 8 |
| 5 Beds | $5,724 | $5,500 | $4,000 – $6,895 | $1 / $1 | 4,142 / 4,087 | 7 / 1 | 3 | 4 |
6-Month Sales Trend
Dec 2025
Median Price:$830,000Median DOM:90New:6Total:89
Jan 2026
Median Price:$875,000Median DOM:89New:20Total:88
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:$995,000Median DOM:31New:11Total:127
6-Month Rental Trend
Dec 2025
Median Rent:$1,567Median DOM:1New:397Total:521
Jan 2026
Median Rent:$1,509Median DOM:1New:365Total:581
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:$1,534Median DOM:1New:316Total:603
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing remained stable, 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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