ZIP 27705 Housing Market Report
Raleigh Metro
Report period: March 2026
27705 Monthly Market Update – March 2026
ZIP 27705 · Last updated Mar 12, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$475,000
+5.6%
Median DOM (Sales)
42
−16.0%
New Listings (Sales)
36
−39.0%
Median Rent
$1,590
+1.4%
Median DOM (Rental)
1
0.0%
Total Rental Listings
1,191
+3.7%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (31 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($795,000 median)
Sales Market Overview
Median Price
$475,000
+5.6%
Median DOM
42
−16.0%
New Listings
36
−39.0%
Inventory
207
+5.1%
- Average Price: $546,445
- Median Price: $475,000
- Price Range: $40,000 – $2,875,000
- Price per Sq Ft (Avg/Median): $292 / $267
- Square Footage (Avg/Median): 2,025 / 1,688
- Square Footage Range: 538 – 6,520
- Days on Market (Avg/Median): 73 / 42
- Days on Market Range: 1 – 320
- New Listings: 36
- Total Listings: 207
Sales by Property Type
Condo
Avg/Median Price$340,996 / $290,000Range$125,000 – $705,000Price per Sq Ft$353 / $318Sq Ft1,014 / 762DOM134 / 90New2Total27
Land
Avg/Median Price$237,425 / $144,000Range$40,000 – $699,900Price per Sq Ft—Sq Ft—DOM107 / 79New1Total16
Multi-Family
Avg/Median Price$424,433 / $387,000Range$347,000 – $595,000Price per Sq Ft$281 / $249Sq Ft1,684 / 1,557DOM59 / 48New0Total9
Single Family
Avg/Median Price$692,318 / $580,000Range$215,000 – $2,875,000Price per Sq Ft$303 / $273Sq Ft2,378 / 2,141DOM53 / 31New24Total114
Townhouse
Avg/Median Price$423,517 / $319,000Range$199,000 – $1,025,000Price per Sq Ft$224 / $207Sq Ft1,786 / 1,688DOM78 / 51New9Total41
Sales by Bedroom Count
1 Beds
Avg:$227,808Median:$199,000Range:$125,000 – $405,000PSF:$360 / $318Sq Ft:617 / 598DOM:122 / 90New:0Total:13
2 Beds
Avg:$357,295Median:$297,000Range:$199,000 – $705,000PSF:$298 / $263Sq Ft:1,215 / 1,200DOM:98 / 61New:6Total:44
3 Beds
Avg:$530,156Median:$449,900Range:$199,000 – $2,400,000PSF:$299 / $273Sq Ft:1,793 / 1,716DOM:56 / 34New:17Total:80
4 Beds
Avg:$841,487Median:$718,000Range:$389,000 – $1,850,000PSF:$272 / $245Sq Ft:3,046 / 2,966DOM:58 / 20New:6Total:31
5 Beds
Avg:$1,012,310Median:$795,000Range:$673,990 – $2,875,000PSF:$254 / $233Sq Ft:3,871 / 3,570DOM:55 / 7New:6Total:20
6 Beds
Avg:$629,333Median:$595,000Range:$498,000 – $795,000PSF:$188 / $189Sq Ft:3,354 / 3,080DOM:63 / 42New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $227,808 | $199,000 | $125,000 – $405,000 | $360 / $318 | 617 / 598 | 122 / 90 | 0 | 13 |
| 2 Beds | $357,295 | $297,000 | $199,000 – $705,000 | $298 / $263 | 1,215 / 1,200 | 98 / 61 | 6 | 44 |
| 3 Beds | $530,156 | $449,900 | $199,000 – $2,400,000 | $299 / $273 | 1,793 / 1,716 | 56 / 34 | 17 | 80 |
| 4 Beds | $841,487 | $718,000 | $389,000 – $1,850,000 | $272 / $245 | 3,046 / 2,966 | 58 / 20 | 6 | 31 |
| 5 Beds | $1,012,310 | $795,000 | $673,990 – $2,875,000 | $254 / $233 | 3,871 / 3,570 | 55 / 7 | 6 | 20 |
| 6 Beds | $629,333 | $595,000 | $498,000 – $795,000 | $188 / $189 | 3,354 / 3,080 | 63 / 42 | 0 | 3 |
Rental Market Overview
Median Rent
$1,590
+1.4%
Median DOM
1
0.0%
New Listings
678
Inventory
1,191
+3.7%
- Average Rent: $1,726
- Median Rent: $1,590
- Rent Range: $595 – $6,146
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 948 / 940
- Square Footage Range: 356 – 4,306
- Days on Market (Avg/Median): 9 / 1
- Days on Market Range: 1 – 353
- New Listings: 678
- Total Listings: 1,191
Rentals by Property Type
Apartment
$1,545
Median DOM: 1
Inventory: 1,060
MoM: +1.4%
Condo
$1,650
Median DOM: 1
Inventory: 18
MoM: +1.4%
Single Family
$2,100
Median DOM: 1
Inventory: 77
MoM: +1.4%
Townhouse
$1,700
Median DOM: 5
Inventory: 32
MoM: +1.4%
Apartment
Avg/Median Rent$1,684 / $1,545Range$720 – $6,146Rent per Sq Ft$2 / $2Sq Ft897 / 934DOM6 / 1New623Total1,060
Condo
Avg/Median Rent$2,083 / $1,650Range$1,200 – $4,200Rent per Sq Ft$2 / $2Sq Ft1,055 / 910DOM63 / 1New6Total18
Multi-Family
Avg/Median Rent$1,570 / $1,600Range$1,385 – $1,650Rent per Sq Ft$2 / $2Sq Ft978 / 950DOM53 / 21New1Total4
Single Family
Avg/Median Rent$2,242 / $2,100Range$595 – $4,900Rent per Sq Ft$1 / $1Sq Ft1,699 / 1,535DOM21 / 1New36Total77
Townhouse
Avg/Median Rent$1,710 / $1,700Range$800 – $2,400Rent per Sq Ft$1 / $1Sq Ft1,282 / 1,296DOM41 / 5New12Total32
Rentals by Bedroom Count
Studio
Avg:$1,554Median:$1,600Range:$595 – $2,200PSF:$3 / $3Sq Ft:588 / 606DOM:5 / 1New:58Total:86
1 Beds
Avg:$1,502Median:$1,495Range:$720 – $4,412PSF:$2 / $2Sq Ft:718 / 725DOM:12 / 1New:229Total:374
2 Beds
Avg:$1,787Median:$1,540Range:$899 – $5,175PSF:$2 / $2Sq Ft:1,028 / 950DOM:5 / 1New:343Total:635
3 Beds
Avg:$2,137Median:$1,950Range:$800 – $6,146PSF:$1 / $1Sq Ft:1,513 / 1,435DOM:27 / 1New:41Total:79
4 Beds
Avg:$3,157Median:$3,150Range:$1,595 – $4,600PSF:$1 / $1Sq Ft:2,298 / 1,851DOM:16 / 1New:7Total:13
5 Beds
Avg:$3,832Median:$3,795Range:$2,800 – $4,900PSF:$1 / $1Sq Ft:3,248 / 3,137DOM:46 / 28New:0Total:3
7 Beds
Avg:$4,000Median:$4,000Range:$4,000 – $4,000PSF:$1 / $1Sq Ft:3,785 / 3,785DOM:162 / 162New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,554 | $1,600 | $595 – $2,200 | $3 / $3 | 588 / 606 | 5 / 1 | 58 | 86 |
| 1 Beds | $1,502 | $1,495 | $720 – $4,412 | $2 / $2 | 718 / 725 | 12 / 1 | 229 | 374 |
| 2 Beds | $1,787 | $1,540 | $899 – $5,175 | $2 / $2 | 1,028 / 950 | 5 / 1 | 343 | 635 |
| 3 Beds | $2,137 | $1,950 | $800 – $6,146 | $1 / $1 | 1,513 / 1,435 | 27 / 1 | 41 | 79 |
| 4 Beds | $3,157 | $3,150 | $1,595 – $4,600 | $1 / $1 | 2,298 / 1,851 | 16 / 1 | 7 | 13 |
| 5 Beds | $3,832 | $3,795 | $2,800 – $4,900 | $1 / $1 | 3,248 / 3,137 | 46 / 28 | 0 | 3 |
| 7 Beds | $4,000 | $4,000 | $4,000 – $4,000 | $1 / $1 | 3,785 / 3,785 | 162 / 162 | 0 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$475,000Median DOM:39New:70Total:217
Nov 2025
Median Price:$475,000Median DOM:45New:44Total:226
Dec 2025
Median Price:$450,000Median DOM:63New:31Total:202
Jan 2026
Median Price:$435,000Median DOM:72New:42Total:186
Feb 2026
Median Price:$450,000Median DOM:50New:59Total:197
Mar 2026
Median Price:$475,000Median DOM:42New:36Total:207
6-Month Rental Trend
Oct 2025
Median Rent:$1,595Median DOM:1New:549Total:781
Nov 2025
Median Rent:$1,510Median DOM:1New:683Total:878
Dec 2025
Median Rent:$1,600Median DOM:1New:779Total:982
Jan 2026
Median Rent:$1,539Median DOM:1New:766Total:1,004
Feb 2026
Median Rent:$1,568Median DOM:1New:937Total:1,149
Mar 2026
Median Rent:$1,590Median DOM:1New:678Total:1,191
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing increased, 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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