ZIP 27701 Housing Market Report
Raleigh Metro
Report period: July 2026
27701 Monthly Market Update – July 2026
ZIP 27701 · Last updated Jul 12, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$489,000
−2.2%
Median DOM (Sales)
58
+7.4%
New Listings (Sales)
19
−48.6%
Median Rent
$1,719
+1.2%
Median DOM (Rental)
1
0.0%
Total Rental Listings
1,012
−3.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (35 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($1,450,000 median)
Sales Market Overview
Median Price
$489,000
−2.2%
Median DOM
58
+7.4%
New Listings
19
−48.6%
Inventory
204
−1.0%
- Average Price: $635,833
- Median Price: $489,000
- Price Range: $41,500 – $5,998,000
- Price per Sq Ft (Avg/Median): $411 / $365
- Square Footage (Avg/Median): 1,576 / 1,450
- Square Footage Range: 440 – 6,044
- Days on Market (Avg/Median): 80 / 58
- Days on Market Range: 2 – 346
- New Listings: 19
- Total Listings: 204
Sales by Property Type
Condo
Avg/Median Price$977,494 / $685,000Range$229,000 – $5,998,000Price per Sq Ft$658 / $560Sq Ft1,306 / 1,128DOM109 / 105New4Total50
Land
Avg/Median Price$117,343 / $119,900Range$41,500 – $235,000Price per Sq Ft—Sq Ft—DOM220 / 172New0Total7
Multi-Family
Avg/Median Price$392,569 / $375,000Range$195,000 – $698,000Price per Sq Ft$284 / $256Sq Ft1,507 / 1,375DOM72 / 36New2Total18
Single Family
Avg/Median Price$546,402 / $461,525Range$135,000 – $3,975,000Price per Sq Ft$324 / $307Sq Ft1,674 / 1,468DOM59 / 35New12Total110
Townhouse
Avg/Median Price$675,967 / $649,900Range$469,900 – $1,005,000Price per Sq Ft$390 / $375Sq Ft1,779 / 1,757DOM83 / 63New1Total19
Sales by Bedroom Count
Studio
Avg:$249,900Median:$249,900Range:$249,900 – $249,900PSF:$568 / $568Sq Ft:440 / 440DOM:2 / 2New:1Total:1
1 Beds
Avg:$467,225Median:$359,000Range:$229,000 – $1,019,900PSF:$592 / $519Sq Ft:775 / 674DOM:116 / 107New:2Total:25
2 Beds
Avg:$632,994Median:$499,900Range:$149,900 – $1,899,900PSF:$471 / $397Sq Ft:1,254 / 1,223DOM:74 / 58New:7Total:51
3 Beds
Avg:$612,478Median:$485,000Range:$135,000 – $4,099,900PSF:$354 / $328Sq Ft:1,611 / 1,511DOM:69 / 50New:6Total:80
4 Beds
Avg:$939,240Median:$645,000Range:$195,000 – $5,998,000PSF:$352 / $290Sq Ft:2,289 / 2,043DOM:69 / 51New:3Total:30
5 Beds
Avg:$772,400Median:$799,000Range:$439,000 – $1,275,000PSF:$295 / $297Sq Ft:2,727 / 3,111DOM:80 / 40New:0Total:5
6 Beds
Avg:$562,667Median:$575,000Range:$415,000 – $698,000PSF:$258 / $215Sq Ft:2,335 / 2,200DOM:47 / 23New:0Total:3
7 Beds
Avg:$1,450,000Median:$1,450,000Range:$1,450,000 – $1,450,000PSF:$240 / $240Sq Ft:6,044 / 6,044DOM:30 / 30New:0Total:1
8 Beds
Avg:$499,950Median:$499,950Range:$499,950 – $499,950PSF:$208 / $208Sq Ft:2,400 / 2,400DOM:29 / 29New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $249,900 | $249,900 | $249,900 – $249,900 | $568 / $568 | 440 / 440 | 2 / 2 | 1 | 1 |
| 1 Beds | $467,225 | $359,000 | $229,000 – $1,019,900 | $592 / $519 | 775 / 674 | 116 / 107 | 2 | 25 |
| 2 Beds | $632,994 | $499,900 | $149,900 – $1,899,900 | $471 / $397 | 1,254 / 1,223 | 74 / 58 | 7 | 51 |
| 3 Beds | $612,478 | $485,000 | $135,000 – $4,099,900 | $354 / $328 | 1,611 / 1,511 | 69 / 50 | 6 | 80 |
| 4 Beds | $939,240 | $645,000 | $195,000 – $5,998,000 | $352 / $290 | 2,289 / 2,043 | 69 / 51 | 3 | 30 |
| 5 Beds | $772,400 | $799,000 | $439,000 – $1,275,000 | $295 / $297 | 2,727 / 3,111 | 80 / 40 | 0 | 5 |
| 6 Beds | $562,667 | $575,000 | $415,000 – $698,000 | $258 / $215 | 2,335 / 2,200 | 47 / 23 | 0 | 3 |
| 7 Beds | $1,450,000 | $1,450,000 | $1,450,000 – $1,450,000 | $240 / $240 | 6,044 / 6,044 | 30 / 30 | 0 | 1 |
| 8 Beds | $499,950 | $499,950 | $499,950 – $499,950 | $208 / $208 | 2,400 / 2,400 | 29 / 29 | 0 | 1 |
Rental Market Overview
Median Rent
$1,719
+1.2%
Median DOM
1
0.0%
New Listings
519
Inventory
1,012
−3.0%
- Average Rent: $1,877
- Median Rent: $1,719
- Rent Range: $600 – $5,358
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 863 / 763
- Square Footage Range: 322 – 2,778
- Days on Market (Avg/Median): 7 / 1
- Days on Market Range: 1 – 341
- New Listings: 519
- Total Listings: 1,012
Rentals by Property Type
Apartment
$1,699
Median DOM: 1
Inventory: 904
MoM: +1.2%
Condo
$1,400
Median DOM: 15
Inventory: 21
MoM: +1.2%
Single Family
$1,925
Median DOM: 1
Inventory: 76
MoM: +1.2%
Townhouse
$1,975
Median DOM: 1
Inventory: 6
MoM: +1.2%
Apartment
Avg/Median Rent$1,853 / $1,699Range$875 – $5,358Rent per Sq Ft$2 / $2Sq Ft826 / 742DOM5 / 1New470Total904
Condo
Avg/Median Rent$1,897 / $1,400Range$1,095 – $4,500Rent per Sq Ft$2 / $2Sq Ft976 / 780DOM38 / 15New5Total21
Multi-Family
Avg/Median Rent$1,904 / $1,975Range$1,150 – $2,502Rent per Sq Ft$2 / $2Sq Ft849 / 796DOM104 / 102New0Total5
Single Family
Avg/Median Rent$2,127 / $1,925Range$600 – $3,975Rent per Sq Ft$2 / $2Sq Ft1,300 / 1,188DOM18 / 1New40Total76
Townhouse
Avg/Median Rent$2,246 / $1,975Range$1,100 – $4,000Rent per Sq Ft$2 / $2Sq Ft1,405 / 1,636DOM1 / 1New4Total6
Rentals by Bedroom Count
Studio
Avg:$1,437Median:$1,400Range:$875 – $2,625PSF:$3 / $3Sq Ft:541 / 543DOM:3 / 1New:93Total:192
1 Beds
Avg:$1,676Median:$1,673Range:$600 – $2,745PSF:$2 / $2Sq Ft:721 / 706DOM:6 / 1New:213Total:421
2 Beds
Avg:$2,185Median:$2,190Range:$950 – $4,500PSF:$2 / $2Sq Ft:1,095 / 1,140DOM:8 / 1New:172Total:313
3 Beds
Avg:$2,691Median:$2,650Range:$1,475 – $5,358PSF:$2 / $2Sq Ft:1,475 / 1,417DOM:18 / 1New:36Total:75
4 Beds
Avg:$2,938Median:$3,090Range:$2,249 – $3,975PSF:$1 / $1Sq Ft:1,871 / 1,753DOM:41 / 1New:5Total:10
5 Beds
Avg:$2,795Median:$2,795Range:$2,795 – $2,795PSF:$1 / $1Sq Ft:2,045 / 2,045DOM:53 / 53New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,437 | $1,400 | $875 – $2,625 | $3 / $3 | 541 / 543 | 3 / 1 | 93 | 192 |
| 1 Beds | $1,676 | $1,673 | $600 – $2,745 | $2 / $2 | 721 / 706 | 6 / 1 | 213 | 421 |
| 2 Beds | $2,185 | $2,190 | $950 – $4,500 | $2 / $2 | 1,095 / 1,140 | 8 / 1 | 172 | 313 |
| 3 Beds | $2,691 | $2,650 | $1,475 – $5,358 | $2 / $2 | 1,475 / 1,417 | 18 / 1 | 36 | 75 |
| 4 Beds | $2,938 | $3,090 | $2,249 – $3,975 | $1 / $1 | 1,871 / 1,753 | 41 / 1 | 5 | 10 |
| 5 Beds | $2,795 | $2,795 | $2,795 – $2,795 | $1 / $1 | 2,045 / 2,045 | 53 / 53 | 0 | 1 |
6-Month Sales Trend
Feb 2026
Median Price:$450,000Median DOM:70New:30Total:178
Mar 2026
Median Price:$430,000Median DOM:56New:47Total:185
Apr 2026
Median Price:$450,000Median DOM:49New:48Total:203
May 2026
Median Price:$509,900Median DOM:44New:54Total:209
Jun 2026
Median Price:$500,000Median DOM:54New:37Total:206
Jul 2026
Median Price:$489,000Median DOM:58New:19Total:204
6-Month Rental Trend
Feb 2026
Median Rent:$1,731Median DOM:1New:678Total:1,010
Mar 2026
Median Rent:$1,715Median DOM:1New:719Total:934
Apr 2026
Median Rent:$1,687Median DOM:1New:777Total:1,041
May 2026
Median Rent:$1,676Median DOM:1New:741Total:1,077
Jun 2026
Median Rent:$1,699Median DOM:1New:702Total:1,043
Jul 2026
Median Rent:$1,719Median DOM:1New:519Total:1,012
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 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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