ZIP 27704 Housing Market Report
Raleigh Metro
Report period: July 2026
27704 Monthly Market Update – July 2026
ZIP 27704 · Last updated Jul 12, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$335,000
0.0%
Median DOM (Sales)
27
+3.8%
New Listings (Sales)
82
−38.8%
Median Rent
$1,630
+0.1%
Median DOM (Rental)
1
0.0%
Total Rental Listings
377
0.0%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents moved higher.
What's Moving Fastest
- Fastest selling: Multi-Family (5 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($1,795,000 median)
Sales Market Overview
Median Price
$335,000
0.0%
Median DOM
27
+3.8%
New Listings
82
−38.8%
Inventory
355
−0.8%
- Average Price: $399,884
- Median Price: $335,000
- Price Range: $32,000 – $6,800,000
- Price per Sq Ft (Avg/Median): $225 / $209
- Square Footage (Avg/Median): 1,714 / 1,594
- Square Footage Range: 693 – 4,100
- Days on Market (Avg/Median): 55 / 27
- Days on Market Range: 2 – 338
- New Listings: 82
- Total Listings: 355
Sales by Property Type
Land
Avg/Median Price$644,985 / $100,000Range$32,000 – $6,800,000Price per Sq Ft—Sq Ft—DOM118 / 104New1Total39
Multi-Family
Avg/Median Price$578,500 / $335,000Range$335,000 – $1,795,000Price per Sq Ft$223 / $155Sq Ft2,326 / 2,166DOM35 / 5New4Total6
Single Family
Avg/Median Price$389,238 / $379,990Range$150,000 – $999,000Price per Sq Ft$237 / $221Sq Ft1,742 / 1,725DOM53 / 27New54Total234
Townhouse
Avg/Median Price$292,783 / $289,153Range$210,000 – $424,990Price per Sq Ft$188 / $193Sq Ft1,580 / 1,558DOM37 / 7New23Total76
Sales by Bedroom Count
2 Beds
Avg:$301,150Median:$267,000Range:$150,000 – $999,000PSF:$273 / $254Sq Ft:1,109 / 1,052DOM:53 / 33New:4Total:39
3 Beds
Avg:$340,254Median:$319,900Range:$212,000 – $599,000PSF:$230 / $213Sq Ft:1,526 / 1,520DOM:52 / 29New:29Total:176
4 Beds
Avg:$411,234Median:$409,990Range:$265,000 – $663,000PSF:$204 / $213Sq Ft:2,035 / 1,934DOM:54 / 16New:26Total:61
5 Beds
Avg:$469,092Median:$477,000Range:$349,000 – $539,074PSF:$181 / $185Sq Ft:2,605 / 2,670DOM:21 / 6New:22Total:39
6 Beds
Avg:$1,795,000Median:$1,795,000Range:$1,795,000 – $1,795,000PSF:$438 / $438Sq Ft:4,100 / 4,100DOM:33 / 33New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $301,150 | $267,000 | $150,000 – $999,000 | $273 / $254 | 1,109 / 1,052 | 53 / 33 | 4 | 39 |
| 3 Beds | $340,254 | $319,900 | $212,000 – $599,000 | $230 / $213 | 1,526 / 1,520 | 52 / 29 | 29 | 176 |
| 4 Beds | $411,234 | $409,990 | $265,000 – $663,000 | $204 / $213 | 2,035 / 1,934 | 54 / 16 | 26 | 61 |
| 5 Beds | $469,092 | $477,000 | $349,000 – $539,074 | $181 / $185 | 2,605 / 2,670 | 21 / 6 | 22 | 39 |
| 6 Beds | $1,795,000 | $1,795,000 | $1,795,000 – $1,795,000 | $438 / $438 | 4,100 / 4,100 | 33 / 33 | 0 | 1 |
Rental Market Overview
Median Rent
$1,630
+0.1%
Median DOM
1
0.0%
New Listings
157
Inventory
377
0.0%
- Average Rent: $1,657
- Median Rent: $1,630
- Rent Range: $500 – $4,800
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,224 / 1,116
- Square Footage Range: 561 – 3,238
- Days on Market (Avg/Median): 19 / 1
- Days on Market Range: 1 – 363
- New Listings: 157
- Total Listings: 377
Rentals by Property Type
Apartment
$1,425
Median DOM: 1
Inventory: 204
MoM: +0.1%
Condo
$1,200
Median DOM: 31
Inventory: 4
MoM: +0.1%
Single Family
$1,995
Median DOM: 1
Inventory: 96
MoM: +0.1%
Townhouse
$1,845
Median DOM: 28
Inventory: 70
MoM: +0.1%
Apartment
Avg/Median Rent$1,463 / $1,425Range$500 – $2,692Rent per Sq Ft$2 / $1Sq Ft969 / 955DOM8 / 1New100Total204
Condo
Avg/Median Rent$1,174 / $1,200Range$1,095 – $1,200Rent per Sq Ft$2 / $2Sq Ft762 / 610DOM24 / 31New1Total4
Multi-Family
Avg/Median Rent$1,302 / $1,240Range$1,240 – $1,425Rent per Sq Ft$2 / $2Sq Ft767 / 675DOM58 / 60New0Total3
Single Family
Avg/Median Rent$1,988 / $1,995Range$645 – $4,800Rent per Sq Ft$1 / $1Sq Ft1,647 / 1,502DOM26 / 1New39Total96
Townhouse
Avg/Median Rent$1,813 / $1,845Range$800 – $3,000Rent per Sq Ft$1 / $1Sq Ft1,528 / 1,500DOM43 / 28New17Total70
Rentals by Bedroom Count
Studio
Avg:$799Median:$799Range:$799 – $799PSF:—Sq Ft:—DOM:1 / 1New:1Total:2
1 Beds
Avg:$1,255Median:$1,249Range:$500 – $2,020PSF:$2 / $2Sq Ft:780 / 736DOM:14 / 1New:41Total:80
2 Beds
Avg:$1,514Median:$1,455Range:$1,025 – $2,730PSF:$1 / $1Sq Ft:1,029 / 1,020DOM:13 / 1New:56Total:113
3 Beds
Avg:$1,829Median:$1,799Range:$1,200 – $3,000PSF:$1 / $1Sq Ft:1,423 / 1,386DOM:24 / 1New:53Total:157
4 Beds
Avg:$2,572Median:$2,340Range:$1,900 – $4,800PSF:$1 / $1Sq Ft:2,152 / 2,137DOM:45 / 6New:6Total:22
5 Beds
Avg:$2,650Median:$2,750Range:$2,299 – $2,900PSF:$1 / $1Sq Ft:3,040 / 3,143DOM:4 / 1New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $799 | $799 | $799 – $799 | — | — | 1 / 1 | 1 | 2 |
| 1 Beds | $1,255 | $1,249 | $500 – $2,020 | $2 / $2 | 780 / 736 | 14 / 1 | 41 | 80 |
| 2 Beds | $1,514 | $1,455 | $1,025 – $2,730 | $1 / $1 | 1,029 / 1,020 | 13 / 1 | 56 | 113 |
| 3 Beds | $1,829 | $1,799 | $1,200 – $3,000 | $1 / $1 | 1,423 / 1,386 | 24 / 1 | 53 | 157 |
| 4 Beds | $2,572 | $2,340 | $1,900 – $4,800 | $1 / $1 | 2,152 / 2,137 | 45 / 6 | 6 | 22 |
| 5 Beds | $2,650 | $2,750 | $2,299 – $2,900 | $1 / $1 | 3,040 / 3,143 | 4 / 1 | 0 | 3 |
6-Month Sales Trend
Feb 2026
Median Price:$313,990Median DOM:34New:112Total:345
Mar 2026
Median Price:$314,900Median DOM:29New:106Total:349
Apr 2026
Median Price:$329,174Median DOM:30New:105Total:348
May 2026
Median Price:$329,990Median DOM:29New:112Total:352
Jun 2026
Median Price:$335,000Median DOM:26New:134Total:358
Jul 2026
Median Price:$335,000Median DOM:27New:82Total:355
6-Month Rental Trend
Feb 2026
Median Rent:$1,650Median DOM:1New:193Total:289
Mar 2026
Median Rent:$1,697Median DOM:1New:188Total:307
Apr 2026
Median Rent:$1,695Median DOM:1New:221Total:330
May 2026
Median Rent:$1,650Median DOM:1New:192Total:338
Jun 2026
Median Rent:$1,629Median DOM:1New:240Total:377
Jul 2026
Median Rent:$1,630Median DOM:1New:157Total:377
Key Market Takeaways
Median sale prices held steady this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing increased, while total rental inventory was flat.
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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