ZIP 27703 Housing Market Report
Raleigh Metro
Report period: July 2026
27703 Monthly Market Update – July 2026
ZIP 27703 · Last updated Jul 12, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$408,000
0.0%
Median DOM (Sales)
32
+6.7%
New Listings (Sales)
158
−47.0%
Median Rent
$1,904
−0.7%
Median DOM (Rental)
1
0.0%
Total Rental Listings
1,764
+1.8%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Townhouse (24 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($689,900 median)
Sales Market Overview
Median Price
$408,000
0.0%
Median DOM
32
+6.7%
New Listings
158
−47.0%
Inventory
845
−4.1%
- Average Price: $449,145
- Median Price: $408,000
- Price Range: $50,000 – $7,600,000
- Price per Sq Ft (Avg/Median): $221 / $211
- Square Footage (Avg/Median): 2,011 / 1,912
- Square Footage Range: 560 – 4,724
- Days on Market (Avg/Median): 53 / 32
- Days on Market Range: 2 – 365
- New Listings: 158
- Total Listings: 845
Sales by Property Type
Condo
Avg/Median Price$249,687 / $225,000Range$164,999 – $315,000Price per Sq Ft$242 / $251Sq Ft1,048 / 1,048DOM64 / 39New0Total8
Land
Avg/Median Price$678,464 / $155,000Range$50,000 – $7,600,000Price per Sq Ft—Sq Ft—DOM127 / 102New0Total50
Multi-Family
Avg/Median Price$509,730 / $450,000Range$175,000 – $879,999Price per Sq Ft$218 / $209Sq Ft2,336 / 2,040DOM45 / 30New1Total10
Single Family
Avg/Median Price$476,426 / $465,420Range$139,900 – $1,395,000Price per Sq Ft$232 / $223Sq Ft2,131 / 2,095DOM51 / 31New75Total486
Townhouse
Avg/Median Price$367,583 / $359,990Range$195,000 – $695,000Price per Sq Ft$203 / $201Sq Ft1,825 / 1,856DOM44 / 24New82Total291
Sales by Bedroom Count
1 Beds
Avg:$240,790Median:$218,500Range:$150,000 – $395,450PSF:$284 / $273Sq Ft:831 / 808DOM:105 / 39New:0Total:5
2 Beds
Avg:$419,021Median:$429,500Range:$164,999 – $1,395,000PSF:$279 / $279Sq Ft:1,482 / 1,548DOM:48 / 23New:22Total:88
3 Beds
Avg:$400,322Median:$379,990Range:$150,000 – $1,200,000PSF:$221 / $212Sq Ft:1,830 / 1,841DOM:47 / 28New:101Total:470
4 Beds
Avg:$490,471Median:$469,000Range:$139,900 – $999,900PSF:$204 / $202Sq Ft:2,426 / 2,406DOM:52 / 38New:25Total:161
5 Beds
Avg:$558,319Median:$549,990Range:$429,000 – $829,000PSF:$189 / $187Sq Ft:2,972 / 3,000DOM:45 / 24New:10Total:67
6 Beds
Avg:$751,700Median:$689,900Range:$689,900 – $813,500PSF:$217 / $206Sq Ft:3,489 / 3,034DOM:58 / 22New:0Total:2
8 Beds
Avg:$749,500Median:$619,000Range:$619,000 – $879,999PSF:$218 / $209Sq Ft:3,424 / 2,968DOM:44 / 19New:0Total:2
| 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 | 105 / 39 | 0 | 5 |
| 2 Beds | $419,021 | $429,500 | $164,999 – $1,395,000 | $279 / $279 | 1,482 / 1,548 | 48 / 23 | 22 | 88 |
| 3 Beds | $400,322 | $379,990 | $150,000 – $1,200,000 | $221 / $212 | 1,830 / 1,841 | 47 / 28 | 101 | 470 |
| 4 Beds | $490,471 | $469,000 | $139,900 – $999,900 | $204 / $202 | 2,426 / 2,406 | 52 / 38 | 25 | 161 |
| 5 Beds | $558,319 | $549,990 | $429,000 – $829,000 | $189 / $187 | 2,972 / 3,000 | 45 / 24 | 10 | 67 |
| 6 Beds | $751,700 | $689,900 | $689,900 – $813,500 | $217 / $206 | 3,489 / 3,034 | 58 / 22 | 0 | 2 |
| 8 Beds | $749,500 | $619,000 | $619,000 – $879,999 | $218 / $209 | 3,424 / 2,968 | 44 / 19 | 0 | 2 |
Rental Market Overview
Median Rent
$1,904
−0.7%
Median DOM
1
0.0%
New Listings
1,046
Inventory
1,764
+1.8%
- Average Rent: $1,920
- Median Rent: $1,904
- Rent Range: $495 – $5,388
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,282 / 1,162
- Square Footage Range: 300 – 4,200
- Days on Market (Avg/Median): 8 / 1
- Days on Market Range: 1 – 362
- New Listings: 1,046
- Total Listings: 1,764
Rentals by Property Type
Apartment
$1,805
Median DOM: 1
Inventory: 1,392
MoM: −0.7%
Condo
$1,395
Median DOM: 1
Inventory: 11
MoM: −0.7%
Single Family
$2,100
Median DOM: 1
Inventory: 228
MoM: −0.7%
Townhouse
$2,100
Median DOM: 13
Inventory: 130
MoM: −0.7%
Apartment
Avg/Median Rent$1,872 / $1,805Range$540 – $5,388Rent per Sq Ft$2 / $2Sq Ft1,151 / 1,121DOM4 / 1New911Total1,392
Condo
Avg/Median Rent$1,416 / $1,395Range$1,095 – $1,850Rent per Sq Ft$1 / $1Sq Ft994 / 970DOM17 / 1New5Total11
Multi-Family
Avg/Median Rent$1,258 / $1,200Range$875 – $1,700Rent per Sq Ft$2 / $2Sq Ft655 / 560DOM34 / 33New0Total3
Single Family
Avg/Median Rent$2,114 / $2,100Range$495 – $4,500Rent per Sq Ft$1 / $1Sq Ft1,853 / 1,850DOM19 / 1New94Total228
Townhouse
Avg/Median Rent$2,151 / $2,100Range$1,350 – $3,300Rent per Sq Ft$1 / $1Sq Ft1,865 / 1,817DOM38 / 13New36Total130
Rentals by Bedroom Count
Studio
Avg:$1,359Median:$1,358Range:$759 – $2,009PSF:$3 / $2Sq Ft:564 / 570DOM:2 / 1New:24Total:41
1 Beds
Avg:$1,497Median:$1,500Range:$495 – $2,029PSF:$2 / $2Sq Ft:800 / 764DOM:6 / 1New:321Total:522
2 Beds
Avg:$1,823Median:$1,803Range:$540 – $3,200PSF:$2 / $2Sq Ft:1,149 / 1,155DOM:4 / 1New:317Total:508
3 Beds
Avg:$2,245Median:$2,205Range:$1,050 – $4,652PSF:$1 / $1Sq Ft:1,644 / 1,574DOM:11 / 1New:296Total:519
4 Beds
Avg:$2,477Median:$2,495Range:$1,585 – $4,500PSF:$1 / $1Sq Ft:2,132 / 2,100DOM:21 / 1New:59Total:130
5 Beds
Avg:$3,106Median:$2,950Range:$2,295 – $5,388PSF:$1 / $1Sq Ft:2,596 / 2,454DOM:14 / 1New:29Total:44
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,359 | $1,358 | $759 – $2,009 | $3 / $2 | 564 / 570 | 2 / 1 | 24 | 41 |
| 1 Beds | $1,497 | $1,500 | $495 – $2,029 | $2 / $2 | 800 / 764 | 6 / 1 | 321 | 522 |
| 2 Beds | $1,823 | $1,803 | $540 – $3,200 | $2 / $2 | 1,149 / 1,155 | 4 / 1 | 317 | 508 |
| 3 Beds | $2,245 | $2,205 | $1,050 – $4,652 | $1 / $1 | 1,644 / 1,574 | 11 / 1 | 296 | 519 |
| 4 Beds | $2,477 | $2,495 | $1,585 – $4,500 | $1 / $1 | 2,132 / 2,100 | 21 / 1 | 59 | 130 |
| 5 Beds | $3,106 | $2,950 | $2,295 – $5,388 | $1 / $1 | 2,596 / 2,454 | 14 / 1 | 29 | 44 |
6-Month Sales Trend
Feb 2026
Median Price:$400,000Median DOM:34New:269Total:731
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:$408,000Median DOM:32New:158Total:845
6-Month Rental Trend
Feb 2026
Median Rent:$1,740Median DOM:1New:900Total:1,228
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:1,046Total:1,764
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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