ZIP 27609 Housing Market Report
Raleigh Metro
Report period: July 2026
27609 Monthly Market Update – July 2026
ZIP 27609 · Last updated Jul 11, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$675,000
+0.9%
Median DOM (Sales)
46
−2.1%
New Listings (Sales)
13
−77.2%
Median Rent
$1,522
−0.3%
Median DOM (Rental)
1
0.0%
Total Rental Listings
1,322
+1.9%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Townhouse (38 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($3,100,000 median)
Sales Market Overview
Median Price
$675,000
+0.9%
Median DOM
46
−2.1%
New Listings
13
−77.2%
Inventory
235
−1.3%
- Average Price: $1,426,501
- Median Price: $675,000
- Price Range: $140,000 – $6,995,000
- Price per Sq Ft (Avg/Median): $371 / $317
- Square Footage (Avg/Median): 3,096 / 2,314
- Square Footage Range: 843 – 10,224
- Days on Market (Avg/Median): 73 / 46
- Days on Market Range: 2 – 362
- New Listings: 13
- Total Listings: 235
Sales by Property Type
Condo
Avg/Median Price$256,145 / $205,000Range$140,000 – $499,000Price per Sq Ft$216 / $187Sq Ft1,195 / 1,085DOM87 / 62New0Total33
Land
Avg/Median Price$918,600 / $895,000Range$499,000 – $1,450,000Price per Sq Ft—Sq Ft—DOM153 / 118New0Total5
Single Family
Avg/Median Price$2,004,200 / $1,399,000Range$315,000 – $6,995,000Price per Sq Ft$450 / $424Sq Ft3,915 / 3,580DOM69 / 44New9Total153
Townhouse
Avg/Median Price$353,166 / $309,950Range$208,000 – $699,000Price per Sq Ft$211 / $204Sq Ft1,675 / 1,486DOM66 / 38New4Total44
Sales by Bedroom Count
1 Beds
Avg:$214,000Median:$170,000Range:$170,000 – $258,000PSF:$237 / $167Sq Ft:930 / 843DOM:110 / 44New:0Total:2
2 Beds
Avg:$264,558Median:$260,000Range:$145,900 – $499,000PSF:$219 / $204Sq Ft:1,210 / 1,171DOM:82 / 46New:4Total:40
3 Beds
Avg:$499,629Median:$475,000Range:$140,000 – $2,395,000PSF:$278 / $276Sq Ft:1,763 / 1,644DOM:51 / 33New:5Total:64
4 Beds
Avg:$1,359,926Median:$835,000Range:$229,000 – $5,850,000PSF:$380 / $339Sq Ft:3,189 / 2,708DOM:60 / 43New:1Total:56
5 Beds
Avg:$3,072,110Median:$2,800,000Range:$575,000 – $6,995,000PSF:$555 / $544Sq Ft:5,295 / 5,147DOM:95 / 71New:3Total:58
6 Beds
Avg:$3,330,985Median:$3,100,000Range:$649,999 – $6,700,000PSF:$486 / $491Sq Ft:6,336 / 5,537DOM:77 / 76New:0Total:10
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $214,000 | $170,000 | $170,000 – $258,000 | $237 / $167 | 930 / 843 | 110 / 44 | 0 | 2 |
| 2 Beds | $264,558 | $260,000 | $145,900 – $499,000 | $219 / $204 | 1,210 / 1,171 | 82 / 46 | 4 | 40 |
| 3 Beds | $499,629 | $475,000 | $140,000 – $2,395,000 | $278 / $276 | 1,763 / 1,644 | 51 / 33 | 5 | 64 |
| 4 Beds | $1,359,926 | $835,000 | $229,000 – $5,850,000 | $380 / $339 | 3,189 / 2,708 | 60 / 43 | 1 | 56 |
| 5 Beds | $3,072,110 | $2,800,000 | $575,000 – $6,995,000 | $555 / $544 | 5,295 / 5,147 | 95 / 71 | 3 | 58 |
| 6 Beds | $3,330,985 | $3,100,000 | $649,999 – $6,700,000 | $486 / $491 | 6,336 / 5,537 | 77 / 76 | 0 | 10 |
Rental Market Overview
Median Rent
$1,522
−0.3%
Median DOM
1
0.0%
New Listings
728
Inventory
1,322
+1.9%
- Average Rent: $1,744
- Median Rent: $1,522
- Rent Range: $901 – $9,258
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 922 / 858
- Square Footage Range: 300 – 3,124
- Days on Market (Avg/Median): 4 / 1
- Days on Market Range: 1 – 291
- New Listings: 728
- Total Listings: 1,322
Rentals by Property Type
Apartment
$1,500
Median DOM: 1
Inventory: 1,239
MoM: −0.3%
Condo
$1,450
Median DOM: 4
Inventory: 10
MoM: −0.3%
Single Family
$2,300
Median DOM: 6
Inventory: 35
MoM: −0.3%
Townhouse
$1,695
Median DOM: 6
Inventory: 36
MoM: −0.3%
Apartment
Avg/Median Rent$1,721 / $1,500Range$901 – $9,258Rent per Sq Ft$2 / $2Sq Ft887 / 836DOM2 / 1New703Total1,239
Condo
Avg/Median Rent$1,542 / $1,450Range$1,200 – $2,200Rent per Sq Ft$1 / $1Sq Ft1,127 / 1,045DOM64 / 4New3Total10
Multi-Family
Avg/Median Rent$1,922 / $1,850Range$1,850 – $1,995Rent per Sq Ft$1 / $1Sq Ft1,674 / 1,600DOM43 / 24New0Total2
Single Family
Avg/Median Rent$2,525 / $2,300Range$1,322 – $5,800Rent per Sq Ft$2 / $1Sq Ft1,722 / 1,628DOM21 / 6New10Total35
Townhouse
Avg/Median Rent$1,846 / $1,695Range$1,195 – $3,600Rent per Sq Ft$1 / $1Sq Ft1,386 / 1,262DOM17 / 6New12Total36
Rentals by Bedroom Count
Studio
Avg:$1,470Median:$1,405Range:$901 – $3,200PSF:$3 / $2Sq Ft:593 / 590DOM:4 / 1New:82Total:161
1 Beds
Avg:$1,574Median:$1,434Range:$943 – $3,881PSF:$2 / $2Sq Ft:763 / 765DOM:3 / 1New:315Total:537
2 Beds
Avg:$1,914Median:$1,577Range:$1,057 – $9,258PSF:$2 / $1Sq Ft:1,084 / 1,075DOM:3 / 1New:286Total:512
3 Beds
Avg:$2,117Median:$1,795Range:$1,388 – $8,508PSF:$2 / $1Sq Ft:1,387 / 1,331DOM:12 / 1New:43Total:102
4 Beds
Avg:$2,822Median:$2,750Range:$2,210 – $3,495PSF:$1 / $1Sq Ft:2,242 / 2,205DOM:19 / 19New:2Total:10
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,470 | $1,405 | $901 – $3,200 | $3 / $2 | 593 / 590 | 4 / 1 | 82 | 161 |
| 1 Beds | $1,574 | $1,434 | $943 – $3,881 | $2 / $2 | 763 / 765 | 3 / 1 | 315 | 537 |
| 2 Beds | $1,914 | $1,577 | $1,057 – $9,258 | $2 / $1 | 1,084 / 1,075 | 3 / 1 | 286 | 512 |
| 3 Beds | $2,117 | $1,795 | $1,388 – $8,508 | $2 / $1 | 1,387 / 1,331 | 12 / 1 | 43 | 102 |
| 4 Beds | $2,822 | $2,750 | $2,210 – $3,495 | $1 / $1 | 2,242 / 2,205 | 19 / 19 | 2 | 10 |
6-Month Sales Trend
Feb 2026
Median Price:$725,000Median DOM:51New:34Total:180
Mar 2026
Median Price:$725,000Median DOM:41New:62Total:202
Apr 2026
Median Price:$675,000Median DOM:35New:65Total:226
May 2026
Median Price:$675,000Median DOM:38New:52Total:234
Jun 2026
Median Price:$669,000Median DOM:47New:57Total:238
Jul 2026
Median Price:$675,000Median DOM:46New:13Total:235
6-Month Rental Trend
Feb 2026
Median Rent:$1,570Median DOM:1New:1,016Total:1,302
Mar 2026
Median Rent:$1,558Median DOM:1New:1,011Total:1,305
Apr 2026
Median Rent:$1,575Median DOM:1New:977Total:1,299
May 2026
Median Rent:$1,532Median DOM:1New:966Total:1,341
Jun 2026
Median Rent:$1,526Median DOM:1New:977Total:1,297
Jul 2026
Median Rent:$1,522Median DOM:1New:728Total:1,322
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market declined, signaling improving 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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