ZIP 27705 Housing Market Report
Raleigh Metro
Report period: August 2026
27705 Monthly Market Update – August 2026
ZIP 27705 · Last updated Aug 11, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$445,000
+2.3%
Median DOM (Sales)
54
−1.8%
New Listings (Sales)
18
−53.8%
Median Rent
$1,669
−2.9%
Median DOM (Rental)
1
0.0%
Total Rental Listings
1,563
−7.2%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (47 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($1,498,000 median)
Sales Market Overview
Median Price
$445,000
+2.3%
Median DOM
54
−1.8%
New Listings
18
−53.8%
Inventory
229
+1.3%
- Average Price: $535,867
- Median Price: $445,000
- Price Range: $77,000 – $3,250,000
- Price per Sq Ft (Avg/Median): $291 / $254
- Square Footage (Avg/Median): 1,977 / 1,631
- Square Footage Range: 538 – 6,912
- Days on Market (Avg/Median): 74 / 54
- Days on Market Range: 2 – 358
- New Listings: 18
- Total Listings: 229
Sales by Property Type
Condo
Avg/Median Price$339,021 / $294,900Range$125,000 – $705,000Price per Sq Ft$337 / $299Sq Ft1,037 / 1,124DOM84 / 75New0Total26
Land
Avg/Median Price$247,421 / $175,000Range$77,000 – $944,000Price per Sq Ft—Sq Ft—DOM89 / 58New1Total14
Multi-Family
Avg/Median Price$788,557 / $340,000Range$319,900 – $2,300,000Price per Sq Ft$520 / $286Sq Ft2,022 / 1,182DOM139 / 117New0Total7
Single Family
Avg/Median Price$644,739 / $535,000Range$240,000 – $3,250,000Price per Sq Ft$292 / $271Sq Ft2,289 / 1,913DOM62 / 47New15Total130
Townhouse
Avg/Median Price$405,753 / $325,000Range$152,900 – $1,375,000Price per Sq Ft$234 / $225Sq Ft1,660 / 1,472DOM88 / 87New2Total52
Sales by Bedroom Count
1 Beds
Avg:$204,291Median:$172,500Range:$125,000 – $405,000PSF:$312 / $285Sq Ft:653 / 624DOM:72 / 40New:0Total:16
2 Beds
Avg:$351,349Median:$309,500Range:$198,000 – $705,000PSF:$296 / $258Sq Ft:1,210 / 1,201DOM:82 / 87New:2Total:46
3 Beds
Avg:$502,110Median:$435,000Range:$239,999 – $2,300,000PSF:$300 / $260Sq Ft:1,767 / 1,687DOM:85 / 75New:5Total:89
4 Beds
Avg:$736,026Median:$690,000Range:$312,000 – $1,695,000PSF:$278 / $258Sq Ft:2,691 / 2,751DOM:61 / 48New:3Total:35
5 Beds
Avg:$982,116Median:$699,900Range:$520,000 – $3,250,000PSF:$269 / $225Sq Ft:3,447 / 3,279DOM:33 / 13New:7Total:25
6 Beds
Avg:$1,106,451Median:$770,000Range:$549,355 – $1,999,999PSF:$215 / $174Sq Ft:4,771 / 4,423DOM:67 / 67New:0Total:3
8 Beds
Avg:$1,498,000Median:$1,498,000Range:$1,498,000 – $1,498,000PSF:$217 / $217Sq Ft:6,912 / 6,912DOM:82 / 82New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $204,291 | $172,500 | $125,000 – $405,000 | $312 / $285 | 653 / 624 | 72 / 40 | 0 | 16 |
| 2 Beds | $351,349 | $309,500 | $198,000 – $705,000 | $296 / $258 | 1,210 / 1,201 | 82 / 87 | 2 | 46 |
| 3 Beds | $502,110 | $435,000 | $239,999 – $2,300,000 | $300 / $260 | 1,767 / 1,687 | 85 / 75 | 5 | 89 |
| 4 Beds | $736,026 | $690,000 | $312,000 – $1,695,000 | $278 / $258 | 2,691 / 2,751 | 61 / 48 | 3 | 35 |
| 5 Beds | $982,116 | $699,900 | $520,000 – $3,250,000 | $269 / $225 | 3,447 / 3,279 | 33 / 13 | 7 | 25 |
| 6 Beds | $1,106,451 | $770,000 | $549,355 – $1,999,999 | $215 / $174 | 4,771 / 4,423 | 67 / 67 | 0 | 3 |
| 8 Beds | $1,498,000 | $1,498,000 | $1,498,000 – $1,498,000 | $217 / $217 | 6,912 / 6,912 | 82 / 82 | 0 | 1 |
Rental Market Overview
Median Rent
$1,669
−2.9%
Median DOM
1
0.0%
New Listings
729
Inventory
1,563
−7.2%
- Average Rent: $1,737
- Median Rent: $1,669
- Rent Range: $595 – $4,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 946 / 935
- Square Footage Range: 389 – 4,133
- Days on Market (Avg/Median): 6 / 1
- Days on Market Range: 1 – 361
- New Listings: 729
- Total Listings: 1,563
Rentals by Property Type
Apartment
$1,640
Median DOM: 1
Inventory: 1,408
MoM: −2.9%
Condo
$1,800
Median DOM: 36
Inventory: 27
MoM: −2.9%
Single Family
$1,850
Median DOM: 1
Inventory: 97
MoM: −2.9%
Townhouse
$1,850
Median DOM: 31
Inventory: 23
MoM: −2.9%
Apartment
Avg/Median Rent$1,697 / $1,640Range$810 – $4,478Rent per Sq Ft$2 / $2Sq Ft898 / 931DOM3 / 1New688Total1,408
Condo
Avg/Median Rent$2,106 / $1,800Range$1,095 – $4,200Rent per Sq Ft$2 / $2Sq Ft1,175 / 1,100DOM49 / 36New1Total27
Multi-Family
Avg/Median Rent$1,590 / $1,500Range$1,295 – $1,860Rent per Sq Ft$1 / $1Sq Ft1,192 / 960DOM52 / 60New0Total8
Single Family
Avg/Median Rent$2,184 / $1,850Range$595 – $4,500Rent per Sq Ft$1 / $1Sq Ft1,654 / 1,292DOM21 / 1New36Total97
Townhouse
Avg/Median Rent$1,887 / $1,850Range$1,425 – $2,350Rent per Sq Ft$1 / $1Sq Ft1,450 / 1,352DOM59 / 31New4Total23
Rentals by Bedroom Count
Studio
Avg:$1,587Median:$1,639Range:$595 – $3,400PSF:$3 / $3Sq Ft:594 / 578DOM:10 / 1New:27Total:75
1 Beds
Avg:$1,484Median:$1,519Range:$715 – $2,298PSF:$2 / $2Sq Ft:701 / 725DOM:3 / 1New:219Total:537
2 Beds
Avg:$1,779Median:$1,715Range:$1,055 – $4,263PSF:$2 / $2Sq Ft:1,023 / 950DOM:4 / 1New:422Total:810
3 Beds
Avg:$2,405Median:$2,050Range:$1,400 – $4,478PSF:$2 / $1Sq Ft:1,500 / 1,455DOM:25 / 1New:52Total:118
4 Beds
Avg:$2,991Median:$2,895Range:$1,995 – $4,500PSF:$1 / $1Sq Ft:2,334 / 2,228DOM:34 / 19New:4Total:13
5 Beds
Avg:$3,537Median:$3,350Range:$3,050 – $4,300PSF:$1 / $1Sq Ft:2,965 / 2,726DOM:25 / 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 | $1,587 | $1,639 | $595 – $3,400 | $3 / $3 | 594 / 578 | 10 / 1 | 27 | 75 |
| 1 Beds | $1,484 | $1,519 | $715 – $2,298 | $2 / $2 | 701 / 725 | 3 / 1 | 219 | 537 |
| 2 Beds | $1,779 | $1,715 | $1,055 – $4,263 | $2 / $2 | 1,023 / 950 | 4 / 1 | 422 | 810 |
| 3 Beds | $2,405 | $2,050 | $1,400 – $4,478 | $2 / $1 | 1,500 / 1,455 | 25 / 1 | 52 | 118 |
| 4 Beds | $2,991 | $2,895 | $1,995 – $4,500 | $1 / $1 | 2,334 / 2,228 | 34 / 19 | 4 | 13 |
| 5 Beds | $3,537 | $3,350 | $3,050 – $4,300 | $1 / $1 | 2,965 / 2,726 | 25 / 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
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:$435,000Median DOM:55New:39Total:226
Aug 2026
Median Price:$445,000Median DOM:54New:18Total:229
6-Month Rental Trend
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:$1,719Median DOM:1New:1,076Total:1,685
Aug 2026
Median Rent:$1,669Median DOM:1New:729Total:1,563
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. 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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