ZIP 27701 Housing Market Report
Raleigh Metro
Report period: August 2026
27701 Monthly Market Update – August 2026
ZIP 27701 · Last updated Aug 11, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$469,990
+0.0%
Median DOM (Sales)
60
+1.7%
New Listings (Sales)
14
−65.9%
Median Rent
$1,752
+1.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
899
−2.0%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Multi-Family (39 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($1,450,000 median)
Sales Market Overview
Median Price
$469,990
+0.0%
Median DOM
60
+1.7%
New Listings
14
−65.9%
Inventory
212
+2.4%
- Average Price: $620,381
- Median Price: $469,990
- Price Range: $29,500 – $5,998,000
- Price per Sq Ft (Avg/Median): $412 / $366
- Square Footage (Avg/Median): 1,527 / 1,375
- Square Footage Range: 440 – 6,044
- Days on Market (Avg/Median): 84 / 60
- Days on Market Range: 2 – 333
- New Listings: 14
- Total Listings: 212
Sales by Property Type
Condo
Avg/Median Price$940,857 / $650,000Range$234,900 – $5,998,000Price per Sq Ft$638 / $547Sq Ft1,292 / 1,020DOM118 / 105New2Total54
Land
Avg/Median Price$99,200 / $75,000Range$29,500 – $235,000Price per Sq Ft—Sq Ft—DOM146 / 141New1Total7
Multi-Family
Avg/Median Price$422,304 / $390,000Range$195,000 – $699,900Price per Sq Ft$290 / $258Sq Ft1,594 / 1,375DOM64 / 39New2Total22
Single Family
Avg/Median Price$523,123 / $454,000Range$135,000 – $3,750,000Price per Sq Ft$328 / $312Sq Ft1,582 / 1,373DOM67 / 44New8Total108
Townhouse
Avg/Median Price$677,722 / $649,900Range$469,900 – $1,005,000Price per Sq Ft$389 / $375Sq Ft1,780 / 1,757DOM95 / 82New1Total21
Sales by Bedroom Count
Studio
Avg:$249,900Median:$249,900Range:$249,900 – $249,900PSF:$568 / $568Sq Ft:440 / 440DOM:32 / 32New:0Total:1
1 Beds
Avg:$466,193Median:$365,000Range:$234,900 – $1,019,900PSF:$572 / $467Sq Ft:816 / 807DOM:126 / 127New:2Total:28
2 Beds
Avg:$595,153Median:$439,000Range:$139,900 – $1,899,900PSF:$449 / $374Sq Ft:1,231 / 1,149DOM:68 / 44New:8Total:62
3 Beds
Avg:$630,910Median:$485,000Range:$135,000 – $4,099,900PSF:$364 / $335Sq Ft:1,605 / 1,505DOM:79 / 60New:2Total:78
4 Beds
Avg:$937,928Median:$670,000Range:$260,000 – $5,998,000PSF:$350 / $280Sq Ft:2,253 / 2,067DOM:85 / 61New:1Total:25
5 Beds
Avg:$722,833Median:$550,000Range:$439,000 – $1,275,000PSF:$274 / $228Sq Ft:2,751 / 2,873DOM:89 / 44New:0Total:6
6 Beds
Avg:$562,667Median:$575,000Range:$415,000 – $698,000PSF:$258 / $215Sq Ft:2,335 / 2,200DOM:50 / 33New: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:$489,500Median:$489,500Range:$489,500 – $489,500PSF:$204 / $204Sq Ft:2,400 / 2,400DOM:59 / 59New: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 | 32 / 32 | 0 | 1 |
| 1 Beds | $466,193 | $365,000 | $234,900 – $1,019,900 | $572 / $467 | 816 / 807 | 126 / 127 | 2 | 28 |
| 2 Beds | $595,153 | $439,000 | $139,900 – $1,899,900 | $449 / $374 | 1,231 / 1,149 | 68 / 44 | 8 | 62 |
| 3 Beds | $630,910 | $485,000 | $135,000 – $4,099,900 | $364 / $335 | 1,605 / 1,505 | 79 / 60 | 2 | 78 |
| 4 Beds | $937,928 | $670,000 | $260,000 – $5,998,000 | $350 / $280 | 2,253 / 2,067 | 85 / 61 | 1 | 25 |
| 5 Beds | $722,833 | $550,000 | $439,000 – $1,275,000 | $274 / $228 | 2,751 / 2,873 | 89 / 44 | 0 | 6 |
| 6 Beds | $562,667 | $575,000 | $415,000 – $698,000 | $258 / $215 | 2,335 / 2,200 | 50 / 33 | 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 | $489,500 | $489,500 | $489,500 – $489,500 | $204 / $204 | 2,400 / 2,400 | 59 / 59 | 0 | 1 |
Rental Market Overview
Median Rent
$1,752
+1.0%
Median DOM
1
0.0%
New Listings
496
Inventory
899
−2.0%
- Average Rent: $1,911
- Median Rent: $1,752
- Rent Range: $600 – $4,545
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 871 / 765
- Square Footage Range: 300 – 3,512
- Days on Market (Avg/Median): 8 / 1
- Days on Market Range: 1 – 350
- New Listings: 496
- Total Listings: 899
Rentals by Property Type
Apartment
$1,729
Median DOM: 1
Inventory: 801
MoM: +1.0%
Condo
$1,395
Median DOM: 1
Inventory: 16
MoM: +1.0%
Single Family
$1,925
Median DOM: 1
Inventory: 69
MoM: +1.0%
Townhouse
$1,975
Median DOM: 1
Inventory: 7
MoM: +1.0%
Apartment
Avg/Median Rent$1,885 / $1,729Range$750 – $4,545Rent per Sq Ft$2 / $2Sq Ft825 / 742DOM6 / 1New455Total801
Condo
Avg/Median Rent$1,938 / $1,395Range$850 – $4,500Rent per Sq Ft$2 / $2Sq Ft1,081 / 915DOM45 / 1New7Total16
Multi-Family
Avg/Median Rent$1,901 / $1,975Range$1,150 – $2,502Rent per Sq Ft$2 / $2Sq Ft1,125 / 800DOM106 / 111New0Total6
Single Family
Avg/Median Rent$2,149 / $1,925Range$600 – $4,050Rent per Sq Ft$2 / $2Sq Ft1,368 / 1,188DOM15 / 1New31Total69
Townhouse
Avg/Median Rent$2,518 / $1,975Range$1,495 – $4,000Rent per Sq Ft$2 / $2Sq Ft1,493 / 1,636DOM6 / 1New3Total7
Rentals by Bedroom Count
Studio
Avg:$1,457Median:$1,432Range:$875 – $2,748PSF:$3 / $3Sq Ft:538 / 543DOM:4 / 1New:70Total:164
1 Beds
Avg:$1,709Median:$1,708Range:$600 – $4,545PSF:$2 / $2Sq Ft:727 / 717DOM:7 / 1New:224Total:385
2 Beds
Avg:$2,227Median:$2,329Range:$950 – $4,500PSF:$2 / $2Sq Ft:1,101 / 1,145DOM:9 / 1New:167Total:278
3 Beds
Avg:$2,713Median:$2,650Range:$1,475 – $4,104PSF:$2 / $2Sq Ft:1,492 / 1,422DOM:20 / 1New:27Total:62
4 Beds
Avg:$3,265Median:$3,090Range:$2,900 – $3,975PSF:$1 / $1Sq Ft:2,348 / 2,201DOM:1 / 1New:6Total:7
5 Beds
Avg:$3,615Median:$4,000Range:$2,795 – $4,050PSF:$1 / $1Sq Ft:2,852 / 3,000DOM:25 / 3New:2Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,457 | $1,432 | $875 – $2,748 | $3 / $3 | 538 / 543 | 4 / 1 | 70 | 164 |
| 1 Beds | $1,709 | $1,708 | $600 – $4,545 | $2 / $2 | 727 / 717 | 7 / 1 | 224 | 385 |
| 2 Beds | $2,227 | $2,329 | $950 – $4,500 | $2 / $2 | 1,101 / 1,145 | 9 / 1 | 167 | 278 |
| 3 Beds | $2,713 | $2,650 | $1,475 – $4,104 | $2 / $2 | 1,492 / 1,422 | 20 / 1 | 27 | 62 |
| 4 Beds | $3,265 | $3,090 | $2,900 – $3,975 | $1 / $1 | 2,348 / 2,201 | 1 / 1 | 6 | 7 |
| 5 Beds | $3,615 | $4,000 | $2,795 – $4,050 | $1 / $1 | 2,852 / 3,000 | 25 / 3 | 2 | 3 |
6-Month Sales Trend
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:$469,900Median DOM:59New:41Total:207
Aug 2026
Median Price:$469,990Median DOM:60New:14Total:212
6-Month Rental Trend
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:$1,735Median DOM:1New:616Total:917
Aug 2026
Median Rent:$1,752Median DOM:1New:496Total:899
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. 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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