ZIP 27704 Housing Market Report
Raleigh Metro
Report period: August 2026
27704 Monthly Market Update – August 2026
ZIP 27704 · Last updated Aug 11, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$332,990
−0.6%
Median DOM (Sales)
35
−7.9%
New Listings (Sales)
49
−53.3%
Median Rent
$1,630
−1.2%
Median DOM (Rental)
1
0.0%
Total Rental Listings
359
−6.5%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Manufactured (7 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($475,000 median)
Sales Market Overview
Median Price
$332,990
−0.6%
Median DOM
35
−7.9%
New Listings
49
−53.3%
Inventory
359
−2.2%
- Average Price: $390,326
- Median Price: $332,990
- Price Range: $32,000 – $6,800,000
- Price per Sq Ft (Avg/Median): $221 / $205
- Square Footage (Avg/Median): 1,692 / 1,594
- Square Footage Range: 693 – 3,252
- Days on Market (Avg/Median): 60 / 35
- Days on Market Range: 2 – 345
- New Listings: 49
- Total Listings: 359
Sales by Property Type
Land
Avg/Median Price$662,395 / $100,000Range$32,000 – $6,800,000Price per Sq Ft—Sq Ft—DOM110 / 110New1Total37
Manufactured
Avg/Median Price$284,900 / $284,900Range$284,900 – $284,900Price per Sq Ft$195 / $195Sq Ft1,462 / 1,462DOM10 / 7New0Total2
Multi-Family
Avg/Median Price$377,500 / $335,000Range$335,000 – $589,000Price per Sq Ft$202 / $155Sq Ft1,956 / 2,166DOM56 / 35New0Total6
Single Family
Avg/Median Price$385,089 / $375,000Range$150,000 – $999,000Price per Sq Ft$234 / $221Sq Ft1,735 / 1,677DOM62 / 46New22Total230
Townhouse
Avg/Median Price$288,252 / $279,990Range$229,000 – $424,990Price per Sq Ft$186 / $188Sq Ft1,560 / 1,588DOM40 / 8New26Total84
Sales by Bedroom Count
2 Beds
Avg:$287,198Median:$251,900Range:$150,000 – $999,000PSF:$261 / $235Sq Ft:1,111 / 1,123DOM:58 / 53New:1Total:38
3 Beds
Avg:$332,957Median:$314,900Range:$210,000 – $589,000PSF:$228 / $209Sq Ft:1,500 / 1,513DOM:56 / 28New:34Total:179
4 Beds
Avg:$406,418Median:$409,990Range:$255,000 – $709,000PSF:$204 / $210Sq Ft:2,007 / 1,934DOM:58 / 35New:10Total:66
5 Beds
Avg:$468,767Median:$475,000Range:$349,000 – $530,000PSF:$180 / $185Sq Ft:2,608 / 2,670DOM:51 / 33New:3Total:39
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $287,198 | $251,900 | $150,000 – $999,000 | $261 / $235 | 1,111 / 1,123 | 58 / 53 | 1 | 38 |
| 3 Beds | $332,957 | $314,900 | $210,000 – $589,000 | $228 / $209 | 1,500 / 1,513 | 56 / 28 | 34 | 179 |
| 4 Beds | $406,418 | $409,990 | $255,000 – $709,000 | $204 / $210 | 2,007 / 1,934 | 58 / 35 | 10 | 66 |
| 5 Beds | $468,767 | $475,000 | $349,000 – $530,000 | $180 / $185 | 2,608 / 2,670 | 51 / 33 | 3 | 39 |
Rental Market Overview
Median Rent
$1,630
−1.2%
Median DOM
1
0.0%
New Listings
162
Inventory
359
−6.5%
- Average Rent: $1,658
- Median Rent: $1,630
- Rent Range: $500 – $4,800
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,214 / 1,116
- Square Footage Range: 561 – 3,077
- Days on Market (Avg/Median): 17 / 1
- Days on Market Range: 1 – 350
- New Listings: 162
- Total Listings: 359
Rentals by Property Type
Apartment
$1,420
Median DOM: 1
Inventory: 195
MoM: −1.2%
Condo
$1,350
Median DOM: 1
Inventory: 3
MoM: −1.2%
Single Family
$1,995
Median DOM: 1
Inventory: 98
MoM: −1.2%
Townhouse
$1,845
Median DOM: 1
Inventory: 61
MoM: −1.2%
Apartment
Avg/Median Rent$1,454 / $1,420Range$500 – $2,692Rent per Sq Ft$2 / $1Sq Ft959 / 955DOM6 / 1New100Total195
Condo
Avg/Median Rent$1,380 / $1,350Range$1,095 – $1,695Rent per Sq Ft$1 / $1Sq Ft1,027 / 1,000DOM1 / 1New0Total3
Multi-Family
Avg/Median Rent$1,332 / $1,240Range$1,240 – $1,425Rent per Sq Ft$2 / $2Sq Ft814 / 675DOM65 / 60New0Total2
Single Family
Avg/Median Rent$1,978 / $1,995Range$615 – $4,800Rent per Sq Ft$1 / $1Sq Ft1,619 / 1,502DOM29 / 1New40Total98
Townhouse
Avg/Median Rent$1,818 / $1,845Range$900 – $3,000Rent per Sq Ft$1 / $1Sq Ft1,511 / 1,500DOM31 / 1New22Total61
Rentals by Bedroom Count
Studio
Avg:$799Median:$799Range:$799 – $799PSF:—Sq Ft:—DOM:1 / 1New:1Total:2
1 Beds
Avg:$1,250Median:$1,245Range:$500 – $2,020PSF:$2 / $2Sq Ft:787 / 736DOM:13 / 1New:37Total:72
2 Beds
Avg:$1,504Median:$1,420Range:$985 – $2,730PSF:$1 / $1Sq Ft:1,024 / 1,000DOM:10 / 1New:65Total:115
3 Beds
Avg:$1,838Median:$1,835Range:$1,350 – $3,000PSF:$1 / $1Sq Ft:1,410 / 1,386DOM:20 / 1New:51Total:143
4 Beds
Avg:$2,522Median:$2,345Range:$1,670 – $4,800PSF:$1 / $1Sq Ft:2,169 / 2,285DOM:48 / 1New:8Total:25
5 Beds
Avg:$2,350Median:$2,299Range:$2,299 – $2,400PSF:$1 / $1Sq Ft:2,740 / 2,740DOM:16 / 10New:0Total:2
| 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 | $1,250 | $1,245 | $500 – $2,020 | $2 / $2 | 787 / 736 | 13 / 1 | 37 | 72 |
| 2 Beds | $1,504 | $1,420 | $985 – $2,730 | $1 / $1 | 1,024 / 1,000 | 10 / 1 | 65 | 115 |
| 3 Beds | $1,838 | $1,835 | $1,350 – $3,000 | $1 / $1 | 1,410 / 1,386 | 20 / 1 | 51 | 143 |
| 4 Beds | $2,522 | $2,345 | $1,670 – $4,800 | $1 / $1 | 2,169 / 2,285 | 48 / 1 | 8 | 25 |
| 5 Beds | $2,350 | $2,299 | $2,299 – $2,400 | $1 / $1 | 2,740 / 2,740 | 16 / 10 | 0 | 2 |
6-Month Sales Trend
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:$334,999Median DOM:38New:105Total:367
Aug 2026
Median Price:$332,990Median DOM:35New:49Total:359
6-Month Rental Trend
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:$1,650Median DOM:1New:208Total:384
Aug 2026
Median Rent:$1,630Median DOM:1New:162Total:359
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market declined, signaling improving 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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