ZIP 27705 Housing Market Report
Raleigh Metro
Report period: July 2026
27705 Monthly Market Update – July 2026
ZIP 27705 · Last updated Jul 12, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$459,000
−0.2%
Median DOM (Sales)
44
+10.0%
New Listings (Sales)
21
−65.0%
Median Rent
$1,704
+0.5%
Median DOM (Rental)
1
0.0%
Total Rental Listings
1,904
−3.7%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (31 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($1,498,000 median)
Sales Market Overview
Median Price
$459,000
−0.2%
Median DOM
44
+10.0%
New Listings
21
−65.0%
Inventory
242
−4.3%
- Average Price: $549,997
- Median Price: $459,000
- Price Range: $77,000 – $3,250,000
- Price per Sq Ft (Avg/Median): $292 / $258
- Square Footage (Avg/Median): 1,996 / 1,660
- Square Footage Range: 538 – 6,912
- Days on Market (Avg/Median): 62 / 44
- Days on Market Range: 2 – 329
- New Listings: 21
- Total Listings: 242
Sales by Property Type
Condo
Avg/Median Price$325,136 / $290,000Range$125,000 – $705,000Price per Sq Ft$333 / $295Sq Ft1,006 / 1,119DOM56 / 45New2Total32
Land
Avg/Median Price$271,658 / $175,000Range$77,000 – $944,000Price per Sq Ft—Sq Ft—DOM95 / 62New0Total12
Multi-Family
Avg/Median Price$788,557 / $340,000Range$319,900 – $2,300,000Price per Sq Ft$520 / $286Sq Ft2,022 / 1,182DOM118 / 117New0Total7
Single Family
Avg/Median Price$660,301 / $534,900Range$240,000 – $3,250,000Price per Sq Ft$293 / $273Sq Ft2,315 / 1,913DOM52 / 31New18Total138
Townhouse
Avg/Median Price$430,067 / $345,000Range$159,900 – $1,375,000Price per Sq Ft$233 / $218Sq Ft1,758 / 1,679DOM79 / 72New1Total53
Sales by Bedroom Count
1 Beds
Avg:$204,928Median:$175,000Range:$125,000 – $405,000PSF:$308 / $282Sq Ft:666 / 666DOM:45 / 24New:2Total:20
2 Beds
Avg:$351,594Median:$315,000Range:$185,000 – $705,000PSF:$299 / $273Sq Ft:1,214 / 1,200DOM:73 / 64New:3Total:46
3 Beds
Avg:$505,708Median:$439,000Range:$239,999 – $2,300,000PSF:$295 / $258Sq Ft:1,796 / 1,705DOM:72 / 58New:5Total:97
4 Beds
Avg:$805,554Median:$714,900Range:$312,000 – $1,750,000PSF:$282 / $264Sq Ft:2,866 / 2,835DOM:44 / 21New:5Total:42
5 Beds
Avg:$1,054,405Median:$695,000Range:$520,000 – $3,250,000PSF:$282 / $243Sq Ft:3,494 / 3,279DOM:28 / 8New:6Total:20
6 Beds
Avg:$1,023,588Median:$770,000Range:$549,355 – $1,999,999PSF:$207 / $174Sq Ft:4,631 / 4,213DOM:65 / 37New:0Total:4
8 Beds
Avg:$1,498,000Median:$1,498,000Range:$1,498,000 – $1,498,000PSF:$217 / $217Sq Ft:6,912 / 6,912DOM:52 / 52New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $204,928 | $175,000 | $125,000 – $405,000 | $308 / $282 | 666 / 666 | 45 / 24 | 2 | 20 |
| 2 Beds | $351,594 | $315,000 | $185,000 – $705,000 | $299 / $273 | 1,214 / 1,200 | 73 / 64 | 3 | 46 |
| 3 Beds | $505,708 | $439,000 | $239,999 – $2,300,000 | $295 / $258 | 1,796 / 1,705 | 72 / 58 | 5 | 97 |
| 4 Beds | $805,554 | $714,900 | $312,000 – $1,750,000 | $282 / $264 | 2,866 / 2,835 | 44 / 21 | 5 | 42 |
| 5 Beds | $1,054,405 | $695,000 | $520,000 – $3,250,000 | $282 / $243 | 3,494 / 3,279 | 28 / 8 | 6 | 20 |
| 6 Beds | $1,023,588 | $770,000 | $549,355 – $1,999,999 | $207 / $174 | 4,631 / 4,213 | 65 / 37 | 0 | 4 |
| 8 Beds | $1,498,000 | $1,498,000 | $1,498,000 – $1,498,000 | $217 / $217 | 6,912 / 6,912 | 52 / 52 | 0 | 1 |
Rental Market Overview
Median Rent
$1,704
+0.5%
Median DOM
1
0.0%
New Listings
973
Inventory
1,904
−3.7%
- Average Rent: $1,804
- Median Rent: $1,704
- Rent Range: $595 – $5,074
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 936 / 934
- Square Footage Range: 270 – 3,785
- Days on Market (Avg/Median): 5 / 1
- Days on Market Range: 1 – 349
- New Listings: 973
- Total Listings: 1,904
Rentals by Property Type
Apartment
$1,699
Median DOM: 1
Inventory: 1,740
MoM: +0.5%
Condo
$1,800
Median DOM: 23
Inventory: 26
MoM: +0.5%
Single Family
$2,000
Median DOM: 1
Inventory: 105
MoM: +0.5%
Townhouse
$1,800
Median DOM: 31
Inventory: 26
MoM: +0.5%
Apartment
Avg/Median Rent$1,772 / $1,699Range$810 – $5,074Rent per Sq Ft$2 / $2Sq Ft895 / 929DOM3 / 1New930Total1,740
Condo
Avg/Median Rent$2,062 / $1,800Range$1,100 – $4,200Rent per Sq Ft$2 / $2Sq Ft1,125 / 1,050DOM35 / 23New4Total26
Multi-Family
Avg/Median Rent$1,639 / $1,685Range$1,295 – $1,860Rent per Sq Ft$1 / $1Sq Ft1,271 / 1,523DOM34 / 38New0Total7
Single Family
Avg/Median Rent$2,271 / $2,000Range$595 – $4,500Rent per Sq Ft$2 / $1Sq Ft1,700 / 1,535DOM19 / 1New38Total105
Townhouse
Avg/Median Rent$1,863 / $1,800Range$1,425 – $2,350Rent per Sq Ft$1 / $1Sq Ft1,387 / 1,335DOM61 / 31New1Total26
Rentals by Bedroom Count
Studio
Avg:$1,608Median:$1,664Range:$595 – $2,366PSF:$3 / $3Sq Ft:585 / 578DOM:6 / 1New:35Total:108
1 Beds
Avg:$1,543Median:$1,534Range:$810 – $2,333PSF:$2 / $2Sq Ft:703 / 731DOM:2 / 1New:313Total:679
2 Beds
Avg:$1,886Median:$1,805Range:$899 – $4,263PSF:$2 / $2Sq Ft:1,034 / 1,023DOM:4 / 1New:555Total:960
3 Beds
Avg:$2,416Median:$2,000Range:$1,400 – $5,074PSF:$2 / $2Sq Ft:1,487 / 1,448DOM:24 / 1New:59Total:130
4 Beds
Avg:$3,269Median:$3,200Range:$2,200 – $4,500PSF:$1 / $1Sq Ft:2,354 / 2,328DOM:18 / 2New:6Total:17
5 Beds
Avg:$3,386Median:$3,350Range:$2,095 – $4,300PSF:$1 / $1Sq Ft:2,762 / 2,703DOM:15 / 1New:4Total:8
6 Beds
Avg:$2,750Median:$2,750Range:$2,750 – $2,750PSF:$1 / $1Sq Ft:2,725 / 2,725DOM:1 / 1New:1Total:1
7 Beds
Avg:$3,800Median:$3,800Range:$3,800 – $3,800PSF:$1 / $1Sq Ft:3,785 / 3,785DOM:277 / 277New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,608 | $1,664 | $595 – $2,366 | $3 / $3 | 585 / 578 | 6 / 1 | 35 | 108 |
| 1 Beds | $1,543 | $1,534 | $810 – $2,333 | $2 / $2 | 703 / 731 | 2 / 1 | 313 | 679 |
| 2 Beds | $1,886 | $1,805 | $899 – $4,263 | $2 / $2 | 1,034 / 1,023 | 4 / 1 | 555 | 960 |
| 3 Beds | $2,416 | $2,000 | $1,400 – $5,074 | $2 / $2 | 1,487 / 1,448 | 24 / 1 | 59 | 130 |
| 4 Beds | $3,269 | $3,200 | $2,200 – $4,500 | $1 / $1 | 2,354 / 2,328 | 18 / 2 | 6 | 17 |
| 5 Beds | $3,386 | $3,350 | $2,095 – $4,300 | $1 / $1 | 2,762 / 2,703 | 15 / 1 | 4 | 8 |
| 6 Beds | $2,750 | $2,750 | $2,750 – $2,750 | $1 / $1 | 2,725 / 2,725 | 1 / 1 | 1 | 1 |
| 7 Beds | $3,800 | $3,800 | $3,800 – $3,800 | $1 / $1 | 3,785 / 3,785 | 277 / 277 | 0 | 1 |
6-Month Sales Trend
Feb 2026
Median Price:$450,000Median DOM:50New:59Total:197
Mar 2026
Median Price:$474,000Median DOM:32New:85Total:237
Apr 2026
Median Price:$445,750Median DOM:37New:73Total:257
May 2026
Median Price:$445,750Median DOM:36New:75Total:266
Jun 2026
Median Price:$460,000Median DOM:40New:60Total:253
Jul 2026
Median Price:$459,000Median DOM:44New:21Total:242
6-Month Rental Trend
Feb 2026
Median Rent:$1,568Median DOM:1New:937Total:1,149
Mar 2026
Median Rent:$1,635Median DOM:1New:1,167Total:1,414
Apr 2026
Median Rent:$1,700Median DOM:1New:1,655Total:1,918
May 2026
Median Rent:$1,700Median DOM:1New:1,666Total:2,095
Jun 2026
Median Rent:$1,695Median DOM:1New:1,435Total:1,978
Jul 2026
Median Rent:$1,704Median DOM:1New:973Total:1,904
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing increased, 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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