ZIP 27703 Housing Market Report
Raleigh Metro
Report period: August 2026
27703 Monthly Market Update – August 2026
ZIP 27703 · Last updated Aug 11, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$409,000
−0.2%
Median DOM (Sales)
37
+2.8%
New Listings (Sales)
189
−35.7%
Median Rent
$1,900
−0.2%
Median DOM (Rental)
1
0.0%
Total Rental Listings
1,666
−1.7%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Townhouse (30 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($874,999 median)
Sales Market Overview
Median Price
$409,000
−0.2%
Median DOM
37
+2.8%
New Listings
189
−35.7%
Inventory
856
−2.1%
- Average Price: $442,833
- Median Price: $409,000
- Price Range: $39,000 – $7,600,000
- Price per Sq Ft (Avg/Median): $218 / $208
- Square Footage (Avg/Median): 2,024 / 1,924
- Square Footage Range: 560 – 4,724
- Days on Market (Avg/Median): 56 / 37
- Days on Market Range: 1 – 360
- New Listings: 189
- Total Listings: 856
Sales by Property Type
Condo
Avg/Median Price$245,277 / $225,000Range$164,999 – $315,000Price per Sq Ft$239 / $251Sq Ft1,040 / 1,048DOM75 / 67New0Total9
Land
Avg/Median Price$629,562 / $135,000Range$39,000 – $7,600,000Price per Sq Ft—Sq Ft—DOM117 / 105New1Total50
Multi-Family
Avg/Median Price$534,662 / $450,000Range$230,000 – $874,999Price per Sq Ft$225 / $224Sq Ft2,410 / 2,040DOM82 / 82New0Total8
Single Family
Avg/Median Price$469,977 / $454,990Range$139,900 – $1,395,000Price per Sq Ft$227 / $216Sq Ft2,146 / 2,096DOM53 / 35New100Total505
Townhouse
Avg/Median Price$365,364 / $359,900Range$195,000 – $680,000Price per Sq Ft$202 / $199Sq Ft1,826 / 1,821DOM49 / 30New88Total284
Sales by Bedroom Count
1 Beds
Avg:$240,790Median:$218,500Range:$150,000 – $395,450PSF:$284 / $273Sq Ft:831 / 808DOM:129 / 67New:0Total:5
2 Beds
Avg:$425,930Median:$435,000Range:$164,999 – $1,395,000PSF:$277 / $279Sq Ft:1,516 / 1,555DOM:52 / 34New:14Total:86
3 Beds
Avg:$391,704Median:$372,990Range:$139,900 – $1,200,000PSF:$218 / $208Sq Ft:1,818 / 1,817DOM:52 / 33New:101Total:453
4 Beds
Avg:$484,092Median:$450,000Range:$265,000 – $999,900PSF:$205 / $206Sq Ft:2,380 / 2,365DOM:58 / 45New:40Total:174
5 Beds
Avg:$537,778Median:$519,000Range:$422,990 – $829,000PSF:$186 / $184Sq Ft:2,911 / 2,937DOM:38 / 9New:33Total:85
6 Beds
Avg:$746,250Median:$679,000Range:$679,000 – $813,500PSF:$215 / $206Sq Ft:3,489 / 3,034DOM:88 / 52New:0Total:2
8 Beds
Avg:$874,999Median:$874,999Range:$874,999 – $874,999PSF:$225 / $225Sq Ft:3,881 / 3,881DOM:99 / 99New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $240,790 | $218,500 | $150,000 – $395,450 | $284 / $273 | 831 / 808 | 129 / 67 | 0 | 5 |
| 2 Beds | $425,930 | $435,000 | $164,999 – $1,395,000 | $277 / $279 | 1,516 / 1,555 | 52 / 34 | 14 | 86 |
| 3 Beds | $391,704 | $372,990 | $139,900 – $1,200,000 | $218 / $208 | 1,818 / 1,817 | 52 / 33 | 101 | 453 |
| 4 Beds | $484,092 | $450,000 | $265,000 – $999,900 | $205 / $206 | 2,380 / 2,365 | 58 / 45 | 40 | 174 |
| 5 Beds | $537,778 | $519,000 | $422,990 – $829,000 | $186 / $184 | 2,911 / 2,937 | 38 / 9 | 33 | 85 |
| 6 Beds | $746,250 | $679,000 | $679,000 – $813,500 | $215 / $206 | 3,489 / 3,034 | 88 / 52 | 0 | 2 |
| 8 Beds | $874,999 | $874,999 | $874,999 – $874,999 | $225 / $225 | 3,881 / 3,881 | 99 / 99 | 0 | 1 |
Rental Market Overview
Median Rent
$1,900
−0.2%
Median DOM
1
0.0%
New Listings
928
Inventory
1,666
−1.7%
- Average Rent: $1,922
- Median Rent: $1,900
- Rent Range: $495 – $6,025
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,289 / 1,162
- Square Footage Range: 300 – 4,200
- Days on Market (Avg/Median): 9 / 1
- Days on Market Range: 1 – 353
- New Listings: 928
- Total Listings: 1,666
Rentals by Property Type
Apartment
$1,807
Median DOM: 1
Inventory: 1,285
MoM: −0.2%
Condo
$1,250
Median DOM: 1
Inventory: 15
MoM: −0.2%
Single Family
$2,100
Median DOM: 1
Inventory: 231
MoM: −0.2%
Townhouse
$2,095
Median DOM: 12
Inventory: 134
MoM: −0.2%
Apartment
Avg/Median Rent$1,870 / $1,807Range$540 – $4,652Rent per Sq Ft$2 / $2Sq Ft1,145 / 1,105DOM4 / 1New815Total1,285
Condo
Avg/Median Rent$1,357 / $1,250Range$520 – $2,595Rent per Sq Ft$2 / $2Sq Ft934 / 850DOM39 / 1New5Total15
Multi-Family
Avg/Median Rent$1,700 / $1,700Range$1,700 – $1,700Rent per Sq Ft—Sq Ft—DOM63 / 63New0Total1
Single Family
Avg/Median Rent$2,129 / $2,100Range$495 – $6,025Rent per Sq Ft$1 / $1Sq Ft1,887 / 1,877DOM18 / 1New76Total231
Townhouse
Avg/Median Rent$2,123 / $2,095Range$950 – $3,300Rent per Sq Ft$1 / $1Sq Ft1,823 / 1,800DOM37 / 12New32Total134
Rentals by Bedroom Count
Studio
Avg:$1,347Median:$1,349Range:$759 – $1,915PSF:$3 / $2Sq Ft:554 / 570DOM:3 / 1New:15Total:39
1 Beds
Avg:$1,511Median:$1,549Range:$495 – $2,059PSF:$2 / $2Sq Ft:804 / 775DOM:7 / 1New:298Total:494
2 Beds
Avg:$1,810Median:$1,780Range:$540 – $3,200PSF:$2 / $2Sq Ft:1,145 / 1,152DOM:4 / 1New:285Total:473
3 Beds
Avg:$2,252Median:$2,220Range:$1,100 – $4,652PSF:$1 / $1Sq Ft:1,654 / 1,574DOM:12 / 1New:251Total:491
4 Beds
Avg:$2,477Median:$2,495Range:$520 – $6,025PSF:$1 / $1Sq Ft:2,158 / 2,134DOM:23 / 1New:53Total:129
5 Beds
Avg:$3,037Median:$2,945Range:$2,295 – $3,550PSF:$1 / $1Sq Ft:2,623 / 2,454DOM:14 / 1New:26Total:40
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,347 | $1,349 | $759 – $1,915 | $3 / $2 | 554 / 570 | 3 / 1 | 15 | 39 |
| 1 Beds | $1,511 | $1,549 | $495 – $2,059 | $2 / $2 | 804 / 775 | 7 / 1 | 298 | 494 |
| 2 Beds | $1,810 | $1,780 | $540 – $3,200 | $2 / $2 | 1,145 / 1,152 | 4 / 1 | 285 | 473 |
| 3 Beds | $2,252 | $2,220 | $1,100 – $4,652 | $1 / $1 | 1,654 / 1,574 | 12 / 1 | 251 | 491 |
| 4 Beds | $2,477 | $2,495 | $520 – $6,025 | $1 / $1 | 2,158 / 2,134 | 23 / 1 | 53 | 129 |
| 5 Beds | $3,037 | $2,945 | $2,295 – $3,550 | $1 / $1 | 2,623 / 2,454 | 14 / 1 | 26 | 40 |
6-Month Sales Trend
Mar 2026
Median Price:$408,721Median DOM:22New:347Total:828
Apr 2026
Median Price:$409,990Median DOM:24New:317Total:877
May 2026
Median Price:$409,900Median DOM:27New:304Total:853
Jun 2026
Median Price:$408,000Median DOM:30New:298Total:881
Jul 2026
Median Price:$409,950Median DOM:36New:294Total:874
Aug 2026
Median Price:$409,000Median DOM:37New:189Total:856
6-Month Rental Trend
Mar 2026
Median Rent:$1,767Median DOM:1New:962Total:1,286
Apr 2026
Median Rent:$1,849Median DOM:1New:1,048Total:1,409
May 2026
Median Rent:$1,917Median DOM:1New:1,383Total:1,791
Jun 2026
Median Rent:$1,918Median DOM:1New:1,293Total:1,733
Jul 2026
Median Rent:$1,904Median DOM:1New:1,199Total:1,695
Aug 2026
Median Rent:$1,900Median DOM:1New:928Total:1,666
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing eased, 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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