ZIP 27617 Housing Market Report
Raleigh Metro
Report period: July 2026
27617 Monthly Market Update – July 2026
ZIP 27617 · Last updated Jul 11, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$399,900
0.0%
Median DOM (Sales)
46
+17.9%
New Listings (Sales)
8
−77.8%
Median Rent
$1,515
−0.2%
Median DOM (Rental)
1
0.0%
Total Rental Listings
880
+1.4%
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 (21 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($674,900 median)
Sales Market Overview
Median Price
$399,900
0.0%
Median DOM
46
+17.9%
New Listings
8
−77.8%
Inventory
137
−5.5%
- Average Price: $422,694
- Median Price: $399,900
- Price Range: $171,000 – $1,050,000
- Price per Sq Ft (Avg/Median): $220 / $215
- Square Footage (Avg/Median): 1,927 / 1,840
- Square Footage Range: 943 – 4,366
- Days on Market (Avg/Median): 68 / 46
- Days on Market Range: 2 – 343
- New Listings: 8
- Total Listings: 137
Sales by Property Type
Condo
Avg/Median Price$357,893 / $340,000Range$171,000 – $700,000Price per Sq Ft$226 / $222Sq Ft1,563 / 1,504DOM94 / 79New1Total42
Single Family
Avg/Median Price$609,704 / $565,000Range$401,000 – $1,050,000Price per Sq Ft$247 / $259Sq Ft2,505 / 2,203DOM34 / 21New3Total26
Townhouse
Avg/Median Price$391,671 / $385,000Range$265,000 – $680,000Price per Sq Ft$205 / $208Sq Ft1,931 / 1,944DOM65 / 40New4Total69
Sales by Bedroom Count
1 Beds
Avg:$196,625Median:$199,000Range:$171,000 – $225,000PSF:$200 / $199Sq Ft:985 / 981DOM:117 / 100New:0Total:8
2 Beds
Avg:$347,866Median:$329,990Range:$240,000 – $605,000PSF:$233 / $230Sq Ft:1,482 / 1,443DOM:68 / 49New:1Total:41
3 Beds
Avg:$440,756Median:$425,990Range:$299,000 – $886,900PSF:$212 / $211Sq Ft:2,096 / 2,034DOM:68 / 42New:4Total:65
4 Beds
Avg:$537,347Median:$507,800Range:$365,000 – $925,000PSF:$223 / $230Sq Ft:2,405 / 2,177DOM:52 / 46New:2Total:19
5 Beds
Avg:$757,400Median:$674,900Range:$674,900 – $839,900PSF:$245 / $227Sq Ft:3,085 / 2,970DOM:42 / 16New:0Total:2
6 Beds
Avg:$850,000Median:$650,000Range:$650,000 – $1,050,000PSF:$230 / $201Sq Ft:3,636 / 3,235DOM:13 / 5New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $196,625 | $199,000 | $171,000 – $225,000 | $200 / $199 | 985 / 981 | 117 / 100 | 0 | 8 |
| 2 Beds | $347,866 | $329,990 | $240,000 – $605,000 | $233 / $230 | 1,482 / 1,443 | 68 / 49 | 1 | 41 |
| 3 Beds | $440,756 | $425,990 | $299,000 – $886,900 | $212 / $211 | 2,096 / 2,034 | 68 / 42 | 4 | 65 |
| 4 Beds | $537,347 | $507,800 | $365,000 – $925,000 | $223 / $230 | 2,405 / 2,177 | 52 / 46 | 2 | 19 |
| 5 Beds | $757,400 | $674,900 | $674,900 – $839,900 | $245 / $227 | 3,085 / 2,970 | 42 / 16 | 0 | 2 |
| 6 Beds | $850,000 | $650,000 | $650,000 – $1,050,000 | $230 / $201 | 3,636 / 3,235 | 13 / 5 | 1 | 2 |
Rental Market Overview
Median Rent
$1,515
−0.2%
Median DOM
1
0.0%
New Listings
451
Inventory
880
+1.4%
- Average Rent: $1,596
- Median Rent: $1,515
- Rent Range: $1,046 – $5,800
- Rent per Sq Ft (Avg/Median): $2 / $1
- Square Footage (Avg/Median): 1,082 / 1,111
- Square Footage Range: 634 – 4,800
- Days on Market (Avg/Median): 4 / 1
- Days on Market Range: 1 – 346
- New Listings: 451
- Total Listings: 880
Rentals by Property Type
Apartment
$1,498
Median DOM: 1
Inventory: 825
MoM: −0.2%
Condo
$1,600
Median DOM: 37
Inventory: 12
MoM: −0.2%
Single Family
$2,150
Median DOM: 10
Inventory: 17
MoM: −0.2%
Townhouse
$2,075
Median DOM: 13
Inventory: 26
MoM: −0.2%
Apartment
Avg/Median Rent$1,554 / $1,498Range$1,046 – $2,618Rent per Sq Ft$2 / $1Sq Ft1,034 / 1,087DOM1 / 1New442Total825
Condo
Avg/Median Rent$1,759 / $1,600Range$1,200 – $2,900Rent per Sq Ft$1 / $1Sq Ft1,234 / 1,266DOM52 / 37New1Total12
Single Family
Avg/Median Rent$2,560 / $2,150Range$1,100 – $5,800Rent per Sq Ft$1 / $1Sq Ft2,301 / 1,846DOM34 / 10New4Total17
Townhouse
Avg/Median Rent$2,210 / $2,075Range$1,630 – $3,400Rent per Sq Ft$1 / $1Sq Ft1,822 / 1,700DOM37 / 13New4Total26
Rentals by Bedroom Count
Studio
Avg:$1,260Median:$1,294Range:$1,046 – $1,515PSF:$2 / $2Sq Ft:685 / 706DOM:1 / 1New:4Total:7
1 Beds
Avg:$1,383Median:$1,351Range:$1,074 – $2,618PSF:$2 / $2Sq Ft:825 / 815DOM:2 / 1New:169Total:347
2 Beds
Avg:$1,645Median:$1,597Range:$1,281 – $2,750PSF:$1 / $1Sq Ft:1,160 / 1,137DOM:2 / 1New:235Total:410
3 Beds
Avg:$1,996Median:$1,909Range:$1,100 – $3,950PSF:$1 / $1Sq Ft:1,512 / 1,425DOM:10 / 1New:42Total:109
4 Beds
Avg:$3,032Median:$2,995Range:$2,350 – $3,900PSF:$1 / $1Sq Ft:2,755 / 2,540DOM:99 / 17New:1Total:6
5 Beds
Avg:$5,800Median:$5,800Range:$5,800 – $5,800PSF:$1 / $1Sq Ft:4,800 / 4,800DOM:21 / 21New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,260 | $1,294 | $1,046 – $1,515 | $2 / $2 | 685 / 706 | 1 / 1 | 4 | 7 |
| 1 Beds | $1,383 | $1,351 | $1,074 – $2,618 | $2 / $2 | 825 / 815 | 2 / 1 | 169 | 347 |
| 2 Beds | $1,645 | $1,597 | $1,281 – $2,750 | $1 / $1 | 1,160 / 1,137 | 2 / 1 | 235 | 410 |
| 3 Beds | $1,996 | $1,909 | $1,100 – $3,950 | $1 / $1 | 1,512 / 1,425 | 10 / 1 | 42 | 109 |
| 4 Beds | $3,032 | $2,995 | $2,350 – $3,900 | $1 / $1 | 2,755 / 2,540 | 99 / 17 | 1 | 6 |
| 5 Beds | $5,800 | $5,800 | $5,800 – $5,800 | $1 / $1 | 4,800 / 4,800 | 21 / 21 | 0 | 1 |
6-Month Sales Trend
Feb 2026
Median Price:$430,000Median DOM:56New:35Total:120
Mar 2026
Median Price:$429,000Median DOM:37New:43Total:135
Apr 2026
Median Price:$429,000Median DOM:37New:36Total:142
May 2026
Median Price:$419,000Median DOM:34New:37Total:144
Jun 2026
Median Price:$399,900Median DOM:39New:36Total:145
Jul 2026
Median Price:$399,900Median DOM:46New:8Total:137
6-Month Rental Trend
Feb 2026
Median Rent:$1,499Median DOM:1New:574Total:795
Mar 2026
Median Rent:$1,493Median DOM:1New:599Total:809
Apr 2026
Median Rent:$1,521Median DOM:1New:647Total:841
May 2026
Median Rent:$1,525Median DOM:1New:617Total:868
Jun 2026
Median Rent:$1,518Median DOM:1New:631Total:868
Jul 2026
Median Rent:$1,515Median DOM:1New:451Total:880
Key Market Takeaways
Median sale prices held steady this month while inventory compressed. 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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