ZIP 27705 Housing Market Report
Raleigh Metro
Report period: May 2026
27705 Monthly Market Update – May 2026
ZIP 27705 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$450,000
+1.0%
Median DOM (Sales)
32
−13.5%
New Listings (Sales)
37
−49.3%
Median Rent
$1,705
+0.3%
Median DOM (Rental)
1
0.0%
Total Rental Listings
1,885
−1.7%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (19 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($837,000 median)
Sales Market Overview
Median Price
$450,000
+1.0%
Median DOM
32
−13.5%
New Listings
37
−49.3%
Inventory
267
+3.9%
- Average Price: $555,849
- Median Price: $450,000
- Price Range: $40,000 – $2,875,000
- Price per Sq Ft (Avg/Median): $286 / $260
- Square Footage (Avg/Median): 2,045 / 1,731
- Square Footage Range: 538 – 6,520
- Days on Market (Avg/Median): 64 / 32
- Days on Market Range: 1 – 361
- New Listings: 37
- Total Listings: 267
Sales by Property Type
Condo
Avg/Median Price$366,835 / $303,500Range$145,000 – $705,000Price per Sq Ft$358 / $318Sq Ft1,077 / 1,124DOM157 / 99New1Total26
Land
Avg/Median Price$254,700 / $169,900Range$40,000 – $799,000Price per Sq Ft—Sq Ft—DOM85 / 27New0Total16
Multi-Family
Avg/Median Price$406,644 / $387,000Range$329,900 – $575,000Price per Sq Ft$280 / $297Sq Ft1,594 / 1,260DOM116 / 109New1Total9
Single Family
Avg/Median Price$677,543 / $595,000Range$179,900 – $2,875,000Price per Sq Ft$295 / $273Sq Ft2,349 / 2,092DOM42 / 19New26Total155
Townhouse
Avg/Median Price$428,195 / $350,000Range$159,900 – $1,375,000Price per Sq Ft$232 / $220Sq Ft1,754 / 1,679DOM67 / 49New9Total61
Sales by Bedroom Count
1 Beds
Avg:$222,200Median:$175,000Range:$145,000 – $405,000PSF:$336 / $288Sq Ft:658 / 666DOM:116 / 60New:3Total:14
2 Beds
Avg:$352,740Median:$315,000Range:$200,000 – $705,000PSF:$283 / $258Sq Ft:1,278 / 1,249DOM:100 / 60New:2Total:55
3 Beds
Avg:$514,664Median:$435,000Range:$179,900 – $1,295,000PSF:$291 / $261Sq Ft:1,787 / 1,629DOM:52 / 32New:11Total:110
4 Beds
Avg:$867,847Median:$760,000Range:$399,000 – $1,750,000PSF:$286 / $270Sq Ft:3,000 / 2,835DOM:36 / 11New:13Total:46
5 Beds
Avg:$958,227Median:$729,900Range:$575,000 – $2,875,000PSF:$248 / $232Sq Ft:3,710 / 3,350DOM:44 / 6New:8Total:22
6 Beds
Avg:$1,124,333Median:$775,000Range:$498,000 – $2,100,000PSF:$228 / $184Sq Ft:4,509 / 4,213DOM:101 / 81New:0Total:3
7 Beds
Avg:$837,000Median:$837,000Range:$837,000 – $837,000PSF:$198 / $198Sq Ft:4,221 / 4,221DOM:3 / 3New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $222,200 | $175,000 | $145,000 – $405,000 | $336 / $288 | 658 / 666 | 116 / 60 | 3 | 14 |
| 2 Beds | $352,740 | $315,000 | $200,000 – $705,000 | $283 / $258 | 1,278 / 1,249 | 100 / 60 | 2 | 55 |
| 3 Beds | $514,664 | $435,000 | $179,900 – $1,295,000 | $291 / $261 | 1,787 / 1,629 | 52 / 32 | 11 | 110 |
| 4 Beds | $867,847 | $760,000 | $399,000 – $1,750,000 | $286 / $270 | 3,000 / 2,835 | 36 / 11 | 13 | 46 |
| 5 Beds | $958,227 | $729,900 | $575,000 – $2,875,000 | $248 / $232 | 3,710 / 3,350 | 44 / 6 | 8 | 22 |
| 6 Beds | $1,124,333 | $775,000 | $498,000 – $2,100,000 | $228 / $184 | 4,509 / 4,213 | 101 / 81 | 0 | 3 |
| 7 Beds | $837,000 | $837,000 | $837,000 – $837,000 | $198 / $198 | 4,221 / 4,221 | 3 / 3 | 0 | 1 |
Rental Market Overview
Median Rent
$1,705
+0.3%
Median DOM
1
0.0%
New Listings
1,294
Inventory
1,885
−1.7%
- Average Rent: $1,826
- Median Rent: $1,705
- Rent Range: $595 – $4,600
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 938 / 934
- Square Footage Range: 270 – 4,306
- Days on Market (Avg/Median): 5 / 1
- Days on Market Range: 1 – 354
- New Listings: 1,294
- Total Listings: 1,885
Rentals by Property Type
Apartment
$1,695
Median DOM: 1
Inventory: 1,730
MoM: +0.3%
Condo
$1,850
Median DOM: 1
Inventory: 17
MoM: +0.3%
Single Family
$2,095
Median DOM: 1
Inventory: 103
MoM: +0.3%
Townhouse
$1,775
Median DOM: 5
Inventory: 32
MoM: +0.3%
Apartment
Avg/Median Rent$1,797 / $1,695Range$771 – $4,586Rent per Sq Ft$2 / $2Sq Ft900 / 926DOM4 / 1New1,229Total1,730
Condo
Avg/Median Rent$2,157 / $1,850Range$1,100 – $4,200Rent per Sq Ft$2 / $1Sq Ft1,179 / 1,200DOM36 / 1New6Total17
Multi-Family
Avg/Median Rent$1,587 / $1,600Range$1,385 – $1,775Rent per Sq Ft$1 / $1Sq Ft950 / 950DOM94 / 42New0Total3
Single Family
Avg/Median Rent$2,275 / $2,095Range$595 – $4,600Rent per Sq Ft$2 / $1Sq Ft1,751 / 1,549DOM8 / 1New52Total103
Townhouse
Avg/Median Rent$1,799 / $1,775Range$800 – $2,650Rent per Sq Ft$1 / $1Sq Ft1,365 / 1,321DOM41 / 5New7Total32
Rentals by Bedroom Count
Studio
Avg:$1,652Median:$1,695Range:$595 – $1,974PSF:$3 / $3Sq Ft:594 / 578DOM:4 / 1New:90Total:144
1 Beds
Avg:$1,597Median:$1,625Range:$771 – $2,570PSF:$2 / $2Sq Ft:730 / 733DOM:4 / 1New:444Total:687
2 Beds
Avg:$1,921Median:$1,889Range:$899 – $4,253PSF:$2 / $2Sq Ft:1,055 / 1,066DOM:4 / 1New:698Total:930
3 Beds
Avg:$2,424Median:$2,040Range:$800 – $4,586PSF:$2 / $2Sq Ft:1,486 / 1,525DOM:16 / 1New:53Total:102
4 Beds
Avg:$3,253Median:$3,150Range:$2,550 – $4,600PSF:$1 / $1Sq Ft:2,460 / 2,400DOM:11 / 1New:5Total:13
5 Beds
Avg:$3,461Median:$3,495Range:$2,095 – $4,300PSF:$1 / $1Sq Ft:3,036 / 2,726DOM:18 / 1New:3Total:7
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:$4,000Median:$4,000Range:$4,000 – $4,000PSF:$1 / $1Sq Ft:3,785 / 3,785DOM:223 / 223New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,652 | $1,695 | $595 – $1,974 | $3 / $3 | 594 / 578 | 4 / 1 | 90 | 144 |
| 1 Beds | $1,597 | $1,625 | $771 – $2,570 | $2 / $2 | 730 / 733 | 4 / 1 | 444 | 687 |
| 2 Beds | $1,921 | $1,889 | $899 – $4,253 | $2 / $2 | 1,055 / 1,066 | 4 / 1 | 698 | 930 |
| 3 Beds | $2,424 | $2,040 | $800 – $4,586 | $2 / $2 | 1,486 / 1,525 | 16 / 1 | 53 | 102 |
| 4 Beds | $3,253 | $3,150 | $2,550 – $4,600 | $1 / $1 | 2,460 / 2,400 | 11 / 1 | 5 | 13 |
| 5 Beds | $3,461 | $3,495 | $2,095 – $4,300 | $1 / $1 | 3,036 / 2,726 | 18 / 1 | 3 | 7 |
| 6 Beds | $2,750 | $2,750 | $2,750 – $2,750 | $1 / $1 | 2,725 / 2,725 | 1 / 1 | 1 | 1 |
| 7 Beds | $4,000 | $4,000 | $4,000 – $4,000 | $1 / $1 | 3,785 / 3,785 | 223 / 223 | 0 | 1 |
6-Month Sales Trend
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:$474,000Median DOM:32New:85Total:237
Apr 2026
Median Price:$445,750Median DOM:37New:73Total:257
May 2026
Median Price:$450,000Median DOM:32New:37Total:267
6-Month Rental Trend
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:$1,635Median DOM:1New:1,167Total:1,414
Apr 2026
Median Rent:$1,700Median DOM:1New:1,655Total:1,918
May 2026
Median Rent:$1,705Median DOM:1New:1,294Total:1,885
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 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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