ZIP 27707 Housing Market Report
Raleigh Metro
Report period: May 2026
27707 Monthly Market Update – May 2026
ZIP 27707 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$465,000
−1.0%
Median DOM (Sales)
36
+9.1%
New Listings (Sales)
23
−72.9%
Median Rent
$1,375
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
1,031
−2.7%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Townhouse (26 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($5,600,000 median)
Sales Market Overview
Median Price
$465,000
−1.0%
Median DOM
36
+9.1%
New Listings
23
−72.9%
Inventory
286
+1.4%
- Average Price: $603,088
- Median Price: $465,000
- Price Range: $80,000 – $5,600,000
- Price per Sq Ft (Avg/Median): $276 / $253
- Square Footage (Avg/Median): 2,168 / 1,922
- Square Footage Range: 702 – 13,341
- Days on Market (Avg/Median): 60 / 36
- Days on Market Range: 1 – 363
- New Listings: 23
- Total Listings: 286
Sales by Property Type
Condo
Avg/Median Price$451,517 / $289,000Range$220,000 – $1,035,000Price per Sq Ft$287 / $239Sq Ft1,463 / 1,370DOM50 / 47New1Total12
Land
Avg/Median Price$331,383 / $130,000Range$80,000 – $2,899,999Price per Sq Ft—Sq Ft—DOM178 / 127New1Total23
Multi-Family
Avg/Median Price$711,764 / $585,000Range$165,000 – $1,725,000Price per Sq Ft$280 / $245Sq Ft2,361 / 2,257DOM67 / 39New2Total14
Single Family
Avg/Median Price$669,423 / $530,000Range$140,000 – $5,600,000Price per Sq Ft$281 / $265Sq Ft2,292 / 1,941DOM49 / 32New13Total188
Townhouse
Avg/Median Price$482,181 / $345,000Range$179,500 – $1,285,000Price per Sq Ft$254 / $215Sq Ft1,811 / 1,724DOM55 / 26New6Total49
Sales by Bedroom Count
Studio
Avg:$274,900Median:$274,900Range:$274,900 – $274,900PSF:$248 / $248Sq Ft:1,110 / 1,110DOM:48 / 48New:0Total:1
1 Beds
Avg:$252,450Median:$249,900Range:$249,900 – $255,000PSF:$261 / $257Sq Ft:966 / 960DOM:81 / 60New:0Total:2
2 Beds
Avg:$322,115Median:$279,900Range:$140,000 – $885,000PSF:$247 / $220Sq Ft:1,306 / 1,239DOM:49 / 26New:7Total:46
3 Beds
Avg:$500,551Median:$440,000Range:$155,900 – $1,725,000PSF:$280 / $261Sq Ft:1,749 / 1,645DOM:49 / 34New:8Total:112
4 Beds
Avg:$796,361Median:$624,900Range:$262,000 – $3,000,000PSF:$289 / $253Sq Ft:2,632 / 2,365DOM:46 / 26New:6Total:75
5 Beds
Avg:$1,104,876Median:$849,000Range:$410,000 – $1,999,000PSF:$279 / $265Sq Ft:3,829 / 3,820DOM:70 / 71New:0Total:17
6 Beds
Avg:$1,020,414Median:$1,050,000Range:$310,000 – $1,950,000PSF:$258 / $288Sq Ft:3,923 / 3,650DOM:102 / 63New:1Total:7
7 Beds
Avg:$5,600,000Median:$5,600,000Range:$5,600,000 – $5,600,000PSF:$420 / $420Sq Ft:13,341 / 13,341DOM:112 / 112New:0Total:1
8 Beds
Avg:$974,850Median:$749,900Range:$749,900 – $1,199,800PSF:$241 / $223Sq Ft:3,992 / 3,360DOM:57 / 32New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $274,900 | $274,900 | $274,900 – $274,900 | $248 / $248 | 1,110 / 1,110 | 48 / 48 | 0 | 1 |
| 1 Beds | $252,450 | $249,900 | $249,900 – $255,000 | $261 / $257 | 966 / 960 | 81 / 60 | 0 | 2 |
| 2 Beds | $322,115 | $279,900 | $140,000 – $885,000 | $247 / $220 | 1,306 / 1,239 | 49 / 26 | 7 | 46 |
| 3 Beds | $500,551 | $440,000 | $155,900 – $1,725,000 | $280 / $261 | 1,749 / 1,645 | 49 / 34 | 8 | 112 |
| 4 Beds | $796,361 | $624,900 | $262,000 – $3,000,000 | $289 / $253 | 2,632 / 2,365 | 46 / 26 | 6 | 75 |
| 5 Beds | $1,104,876 | $849,000 | $410,000 – $1,999,000 | $279 / $265 | 3,829 / 3,820 | 70 / 71 | 0 | 17 |
| 6 Beds | $1,020,414 | $1,050,000 | $310,000 – $1,950,000 | $258 / $288 | 3,923 / 3,650 | 102 / 63 | 1 | 7 |
| 7 Beds | $5,600,000 | $5,600,000 | $5,600,000 – $5,600,000 | $420 / $420 | 13,341 / 13,341 | 112 / 112 | 0 | 1 |
| 8 Beds | $974,850 | $749,900 | $749,900 – $1,199,800 | $241 / $223 | 3,992 / 3,360 | 57 / 32 | 0 | 2 |
Rental Market Overview
Median Rent
$1,375
0.0%
Median DOM
1
0.0%
New Listings
529
Inventory
1,031
−2.7%
- Average Rent: $1,515
- Median Rent: $1,375
- Rent Range: $500 – $6,938
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 984 / 930
- Square Footage Range: 255 – 2,800
- Days on Market (Avg/Median): 9 / 1
- Days on Market Range: 1 – 337
- New Listings: 529
- Total Listings: 1,031
Rentals by Property Type
Apartment
$1,356
Median DOM: 1
Inventory: 862
MoM: 0.0%
Condo
$875
Median DOM: 1
Inventory: 8
MoM: 0.0%
Single Family
$1,935
Median DOM: 1
Inventory: 87
MoM: 0.0%
Townhouse
$1,485
Median DOM: 1
Inventory: 68
MoM: 0.0%
Apartment
Avg/Median Rent$1,471 / $1,356Range$775 – $6,938Rent per Sq Ft$2 / $2Sq Ft917 / 858DOM6 / 1New454Total862
Condo
Avg/Median Rent$994 / $875Range$795 – $1,395Rent per Sq Ft$1 / $2Sq Ft737 / 745DOM4 / 1New2Total8
Multi-Family
Avg/Median Rent$1,854 / $1,800Range$1,700 – $2,150Rent per Sq Ft$2 / $2Sq Ft854 / 758DOM125 / 47New0Total6
Single Family
Avg/Median Rent$1,958 / $1,935Range$500 – $3,800Rent per Sq Ft$1 / $2Sq Ft1,448 / 1,349DOM20 / 1New38Total87
Townhouse
Avg/Median Rent$1,542 / $1,485Range$1,100 – $2,800Rent per Sq Ft$1 / $1Sq Ft1,381 / 1,200DOM14 / 1New35Total68
Rentals by Bedroom Count
Studio
Avg:$1,490Median:$1,475Range:$700 – $1,825PSF:$3 / $3Sq Ft:594 / 643DOM:28 / 1New:18Total:30
1 Beds
Avg:$1,280Median:$1,237Range:$500 – $2,175PSF:$2 / $2Sq Ft:750 / 774DOM:7 / 1New:215Total:410
2 Beds
Avg:$1,538Median:$1,380Range:$799 – $3,307PSF:$1 / $1Sq Ft:1,075 / 1,075DOM:8 / 1New:218Total:440
3 Beds
Avg:$2,003Median:$1,828Range:$1,369 – $4,682PSF:$1 / $1Sq Ft:1,403 / 1,347DOM:9 / 1New:74Total:135
4 Beds
Avg:$2,875Median:$2,490Range:$1,875 – $6,938PSF:$1 / $1Sq Ft:1,945 / 1,913DOM:22 / 7New:3Total:14
5 Beds
Avg:$2,498Median:$2,200Range:$2,200 – $2,795PSF:$1 / $1Sq Ft:2,040 / 2,040DOM:1 / 1New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,490 | $1,475 | $700 – $1,825 | $3 / $3 | 594 / 643 | 28 / 1 | 18 | 30 |
| 1 Beds | $1,280 | $1,237 | $500 – $2,175 | $2 / $2 | 750 / 774 | 7 / 1 | 215 | 410 |
| 2 Beds | $1,538 | $1,380 | $799 – $3,307 | $1 / $1 | 1,075 / 1,075 | 8 / 1 | 218 | 440 |
| 3 Beds | $2,003 | $1,828 | $1,369 – $4,682 | $1 / $1 | 1,403 / 1,347 | 9 / 1 | 74 | 135 |
| 4 Beds | $2,875 | $2,490 | $1,875 – $6,938 | $1 / $1 | 1,945 / 1,913 | 22 / 7 | 3 | 14 |
| 5 Beds | $2,498 | $2,200 | $2,200 – $2,795 | $1 / $1 | 2,040 / 2,040 | 1 / 1 | 1 | 2 |
6-Month Sales Trend
Dec 2025
Median Price:$425,000Median DOM:79New:20Total:224
Jan 2026
Median Price:$400,000Median DOM:86New:35Total:210
Feb 2026
Median Price:$399,900Median DOM:61New:55Total:211
Mar 2026
Median Price:$449,900Median DOM:39New:74Total:248
Apr 2026
Median Price:$469,500Median DOM:33New:85Total:282
May 2026
Median Price:$465,000Median DOM:36New:23Total:286
6-Month Rental Trend
Dec 2025
Median Rent:$1,356Median DOM:1New:621Total:839
Jan 2026
Median Rent:$1,340Median DOM:1New:632Total:882
Feb 2026
Median Rent:$1,340Median DOM:1New:718Total:968
Mar 2026
Median Rent:$1,366Median DOM:1New:699Total:1,010
Apr 2026
Median Rent:$1,375Median DOM:1New:800Total:1,060
May 2026
Median Rent:$1,375Median DOM:1New:529Total:1,031
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing remained stable, 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.
272072720827231272432725227256272782731227344275022750327504275082751027511275122751327514275152751627517275182751927520275232752427525275262752727529+50 more
← Back to Raleigh Metro