ZIP 27707 Housing Market Report
Raleigh Metro
Report period: March 2026
27707 Monthly Market Update – March 2026
ZIP 27707 · Last updated Mar 12, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$400,000
+0.0%
Median DOM (Sales)
41
−32.8%
New Listings (Sales)
21
−61.8%
Median Rent
$1,349
+0.7%
Median DOM (Rental)
1
0.0%
Total Rental Listings
999
+3.2%
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: Condo (27 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($5,600,000 median)
Sales Market Overview
Median Price
$400,000
+0.0%
Median DOM
41
−32.8%
New Listings
21
−61.8%
Inventory
218
+3.3%
- Average Price: $560,032
- Median Price: $400,000
- Price Range: $39,000 – $5,600,000
- Price per Sq Ft (Avg/Median): $271 / $249
- Square Footage (Avg/Median): 2,078 / 1,740
- Square Footage Range: 702 – 13,341
- Days on Market (Avg/Median): 74 / 41
- Days on Market Range: 2 – 343
- New Listings: 21
- Total Listings: 218
Sales by Property Type
Condo
Avg/Median Price$675,740 / $539,000Range$229,500 – $1,285,000Price per Sq Ft$352 / $285Sq Ft1,795 / 1,922DOM34 / 27New0Total20
Land
Avg/Median Price$334,600 / $135,000Range$39,000 – $2,899,999Price per Sq Ft—Sq Ft—DOM140 / 105New1Total23
Multi-Family
Avg/Median Price$695,175 / $534,900Range$187,500 – $1,725,000Price per Sq Ft$277 / $223Sq Ft2,423 / 2,153DOM105 / 86New0Total12
Single Family
Avg/Median Price$608,610 / $450,000Range$140,000 – $5,600,000Price per Sq Ft$270 / $256Sq Ft2,163 / 1,740DOM70 / 51New17Total136
Townhouse
Avg/Median Price$361,600 / $319,900Range$168,000 – $675,000Price per Sq Ft$212 / $216Sq Ft1,704 / 1,483DOM64 / 27New3Total27
Sales by Bedroom Count
Studio
Avg:$247,450Median:$220,000Range:$220,000 – $274,900PSF:$208 / $169Sq Ft:1,205 / 1,110DOM:20 / 4New:0Total:2
1 Beds
Avg:$260,000Median:$255,000Range:$255,000 – $265,000PSF:$269 / $266Sq Ft:966 / 960DOM:40 / 38New:0Total:2
2 Beds
Avg:$302,106Median:$274,900Range:$140,000 – $885,000PSF:$248 / $217Sq Ft:1,203 / 1,205DOM:72 / 51New:0Total:34
3 Beds
Avg:$483,947Median:$425,000Range:$155,900 – $1,725,000PSF:$278 / $254Sq Ft:1,726 / 1,583DOM:64 / 35New:10Total:92
4 Beds
Avg:$783,046Median:$635,750Range:$220,000 – $3,000,000PSF:$286 / $253Sq Ft:2,575 / 2,313DOM:63 / 27New:8Total:42
5 Beds
Avg:$1,059,999Median:$779,990Range:$415,000 – $2,295,000PSF:$269 / $256Sq Ft:3,798 / 3,737DOM:66 / 36New:1Total:12
6 Beds
Avg:$735,967Median:$635,000Range:$310,000 – $1,100,000PSF:$218 / $220Sq Ft:3,404 / 3,408DOM:126 / 100New:1Total:9
7 Beds
Avg:$5,600,000Median:$5,600,000Range:$5,600,000 – $5,600,000PSF:$420 / $420Sq Ft:13,341 / 13,341DOM:94 / 94New:0Total:1
8 Beds
Avg:$749,900Median:$749,900Range:$749,900 – $749,900PSF:$223 / $223Sq Ft:3,360 / 3,360DOM:21 / 21New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $247,450 | $220,000 | $220,000 – $274,900 | $208 / $169 | 1,205 / 1,110 | 20 / 4 | 0 | 2 |
| 1 Beds | $260,000 | $255,000 | $255,000 – $265,000 | $269 / $266 | 966 / 960 | 40 / 38 | 0 | 2 |
| 2 Beds | $302,106 | $274,900 | $140,000 – $885,000 | $248 / $217 | 1,203 / 1,205 | 72 / 51 | 0 | 34 |
| 3 Beds | $483,947 | $425,000 | $155,900 – $1,725,000 | $278 / $254 | 1,726 / 1,583 | 64 / 35 | 10 | 92 |
| 4 Beds | $783,046 | $635,750 | $220,000 – $3,000,000 | $286 / $253 | 2,575 / 2,313 | 63 / 27 | 8 | 42 |
| 5 Beds | $1,059,999 | $779,990 | $415,000 – $2,295,000 | $269 / $256 | 3,798 / 3,737 | 66 / 36 | 1 | 12 |
| 6 Beds | $735,967 | $635,000 | $310,000 – $1,100,000 | $218 / $220 | 3,404 / 3,408 | 126 / 100 | 1 | 9 |
| 7 Beds | $5,600,000 | $5,600,000 | $5,600,000 – $5,600,000 | $420 / $420 | 13,341 / 13,341 | 94 / 94 | 0 | 1 |
| 8 Beds | $749,900 | $749,900 | $749,900 – $749,900 | $223 / $223 | 3,360 / 3,360 | 21 / 21 | 0 | 1 |
Rental Market Overview
Median Rent
$1,349
+0.7%
Median DOM
1
0.0%
New Listings
545
Inventory
999
+3.2%
- Average Rent: $1,499
- Median Rent: $1,349
- Rent Range: $650 – $7,844
- Rent per Sq Ft (Avg/Median): $2 / $1
- Square Footage (Avg/Median): 1,002 / 962
- Square Footage Range: 255 – 3,780
- Days on Market (Avg/Median): 11 / 1
- Days on Market Range: 1 – 342
- New Listings: 545
- Total Listings: 999
Rentals by Property Type
Apartment
$1,318
Median DOM: 1
Inventory: 828
MoM: +0.7%
Condo
$1,025
Median DOM: 1
Inventory: 13
MoM: +0.7%
Single Family
$1,875
Median DOM: 1
Inventory: 90
MoM: +0.7%
Townhouse
$1,615
Median DOM: 1
Inventory: 64
MoM: +0.7%
Apartment
Avg/Median Rent$1,448 / $1,318Range$795 – $7,844Rent per Sq Ft$2 / $2Sq Ft928 / 872DOM8 / 1New473Total828
Condo
Avg/Median Rent$988 / $1,025Range$795 – $1,195Rent per Sq Ft$1 / $1Sq Ft796 / 815DOM7 / 1New4Total13
Multi-Family
Avg/Median Rent$1,869 / $1,875Range$1,800 – $1,900Rent per Sq Ft$3 / $3Sq Ft758 / 758DOM149 / 127New0Total4
Single Family
Avg/Median Rent$1,961 / $1,875Range$650 – $3,750Rent per Sq Ft$1 / $1Sq Ft1,525 / 1,378DOM23 / 1New36Total90
Townhouse
Avg/Median Rent$1,594 / $1,615Range$950 – $2,700Rent per Sq Ft$1 / $1Sq Ft1,369 / 1,240DOM20 / 1New32Total64
Rentals by Bedroom Count
Studio
Avg:$1,424Median:$1,339Range:$700 – $1,825PSF:$3 / $3Sq Ft:579 / 608DOM:19 / 1New:18Total:33
1 Beds
Avg:$1,221Median:$1,159Range:$650 – $2,175PSF:$2 / $2Sq Ft:756 / 780DOM:7 / 1New:217Total:366
2 Beds
Avg:$1,538Median:$1,420Range:$799 – $5,782PSF:$1 / $1Sq Ft:1,070 / 1,075DOM:12 / 1New:240Total:432
3 Beds
Avg:$1,884Median:$1,793Range:$1,290 – $5,493PSF:$1 / $1Sq Ft:1,378 / 1,265DOM:10 / 1New:64Total:151
4 Beds
Avg:$3,272Median:$2,850Range:$1,749 – $7,844PSF:$1 / $1Sq Ft:2,132 / 2,112DOM:34 / 11New:4Total:13
5 Beds
Avg:$3,111Median:$2,995Range:$2,400 – $3,600PSF:$1 / $1Sq Ft:2,937 / 2,990DOM:8 / 1New:2Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,424 | $1,339 | $700 – $1,825 | $3 / $3 | 579 / 608 | 19 / 1 | 18 | 33 |
| 1 Beds | $1,221 | $1,159 | $650 – $2,175 | $2 / $2 | 756 / 780 | 7 / 1 | 217 | 366 |
| 2 Beds | $1,538 | $1,420 | $799 – $5,782 | $1 / $1 | 1,070 / 1,075 | 12 / 1 | 240 | 432 |
| 3 Beds | $1,884 | $1,793 | $1,290 – $5,493 | $1 / $1 | 1,378 / 1,265 | 10 / 1 | 64 | 151 |
| 4 Beds | $3,272 | $2,850 | $1,749 – $7,844 | $1 / $1 | 2,132 / 2,112 | 34 / 11 | 4 | 13 |
| 5 Beds | $3,111 | $2,995 | $2,400 – $3,600 | $1 / $1 | 2,937 / 2,990 | 8 / 1 | 2 | 4 |
6-Month Sales Trend
Oct 2025
Median Price:$429,000Median DOM:65New:48Total:273
Nov 2025
Median Price:$425,000Median DOM:74New:40Total:264
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:$400,000Median DOM:41New:21Total:218
6-Month Rental Trend
Oct 2025
Median Rent:$1,380Median DOM:1New:534Total:817
Nov 2025
Median Rent:$1,356Median DOM:1New:548Total:799
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:$1,349Median DOM:1New:545Total:999
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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