ZIP 27707 Housing Market Report
Raleigh Metro
Report period: July 2026
27707 Monthly Market Update – July 2026
ZIP 27707 · Last updated Jul 12, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$475,000
0.0%
Median DOM (Sales)
46
+9.5%
New Listings (Sales)
15
−79.2%
Median Rent
$1,448
+1.6%
Median DOM (Rental)
1
0.0%
Total Rental Listings
1,203
+7.9%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Townhouse (37 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($1,050,000 median)
Sales Market Overview
Median Price
$475,000
0.0%
Median DOM
46
+9.5%
New Listings
15
−79.2%
Inventory
287
−1.4%
- Average Price: $590,038
- Median Price: $475,000
- Price Range: $25,000 – $2,899,999
- Price per Sq Ft (Avg/Median): $284 / $260
- Square Footage (Avg/Median): 2,091 / 1,885
- Square Footage Range: 779 – 6,621
- Days on Market (Avg/Median): 68 / 46
- Days on Market Range: 2 – 363
- New Listings: 15
- Total Listings: 287
Sales by Property Type
Condo
Avg/Median Price$426,860 / $245,000Range$224,500 – $1,035,000Price per Sq Ft$277 / $247Sq Ft1,407 / 1,256DOM141 / 149New0Total5
Land
Avg/Median Price$323,108 / $130,000Range$25,000 – $2,899,999Price per Sq Ft—Sq Ft—DOM166 / 155New0Total25
Multi-Family
Avg/Median Price$591,511 / $385,000Range$130,000 – $1,725,000Price per Sq Ft$245 / $229Sq Ft2,195 / 1,710DOM85 / 73New2Total18
Single Family
Avg/Median Price$653,898 / $529,900Range$155,900 – $2,875,000Price per Sq Ft$292 / $278Sq Ft2,200 / 1,957DOM57 / 43New10Total191
Townhouse
Avg/Median Price$491,403 / $310,000Range$179,500 – $2,100,000Price per Sq Ft$266 / $220Sq Ft1,687 / 1,553DOM59 / 37New3Total48
Sales by Bedroom Count
1 Beds
Avg:$242,450Median:$239,900Range:$239,900 – $245,000PSF:$249 / $247Sq Ft:972 / 972DOM:157 / 151New:0Total:2
2 Beds
Avg:$309,506Median:$280,000Range:$130,000 – $825,000PSF:$244 / $224Sq Ft:1,287 / 1,198DOM:50 / 37New:2Total:43
3 Beds
Avg:$516,304Median:$450,000Range:$155,900 – $2,500,000PSF:$300 / $280Sq Ft:1,665 / 1,559DOM:54 / 31New:8Total:115
4 Beds
Avg:$791,652Median:$624,900Range:$200,000 – $2,875,000PSF:$282 / $251Sq Ft:2,677 / 2,438DOM:70 / 58New:5Total:78
5 Beds
Avg:$1,165,577Median:$950,000Range:$280,000 – $2,289,000PSF:$304 / $259Sq Ft:3,682 / 3,493DOM:73 / 60New:0Total:18
6 Beds
Avg:$1,033,300Median:$1,050,000Range:$999,900 – $1,050,000PSF:$242 / $288Sq Ft:4,640 / 3,650DOM:124 / 124New:0Total:3
7 Beds
Avg:$315,900Median:$315,900Range:$315,900 – $315,900PSF:$158 / $158Sq Ft:2,000 / 2,000DOM:59 / 59New:0Total:1
8 Beds
Avg:$974,850Median:$749,900Range:$749,900 – $1,199,800PSF:$241 / $223Sq Ft:3,992 / 3,360DOM:109 / 93New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $242,450 | $239,900 | $239,900 – $245,000 | $249 / $247 | 972 / 972 | 157 / 151 | 0 | 2 |
| 2 Beds | $309,506 | $280,000 | $130,000 – $825,000 | $244 / $224 | 1,287 / 1,198 | 50 / 37 | 2 | 43 |
| 3 Beds | $516,304 | $450,000 | $155,900 – $2,500,000 | $300 / $280 | 1,665 / 1,559 | 54 / 31 | 8 | 115 |
| 4 Beds | $791,652 | $624,900 | $200,000 – $2,875,000 | $282 / $251 | 2,677 / 2,438 | 70 / 58 | 5 | 78 |
| 5 Beds | $1,165,577 | $950,000 | $280,000 – $2,289,000 | $304 / $259 | 3,682 / 3,493 | 73 / 60 | 0 | 18 |
| 6 Beds | $1,033,300 | $1,050,000 | $999,900 – $1,050,000 | $242 / $288 | 4,640 / 3,650 | 124 / 124 | 0 | 3 |
| 7 Beds | $315,900 | $315,900 | $315,900 – $315,900 | $158 / $158 | 2,000 / 2,000 | 59 / 59 | 0 | 1 |
| 8 Beds | $974,850 | $749,900 | $749,900 – $1,199,800 | $241 / $223 | 3,992 / 3,360 | 109 / 93 | 0 | 2 |
Rental Market Overview
Median Rent
$1,448
+1.6%
Median DOM
1
0.0%
New Listings
654
Inventory
1,203
+7.9%
- Average Rent: $1,525
- Median Rent: $1,448
- Rent Range: $500 – $5,987
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 979 / 934
- Square Footage Range: 255 – 3,500
- Days on Market (Avg/Median): 7 / 1
- Days on Market Range: 1 – 359
- New Listings: 654
- Total Listings: 1,203
Rentals by Property Type
Apartment
$1,414
Median DOM: 1
Inventory: 1,032
MoM: +1.6%
Condo
$1,395
Median DOM: 1
Inventory: 12
MoM: +1.6%
Single Family
$1,850
Median DOM: 1
Inventory: 80
MoM: +1.6%
Townhouse
$1,549
Median DOM: 1
Inventory: 70
MoM: +1.6%
Apartment
Avg/Median Rent$1,494 / $1,414Range$715 – $5,987Rent per Sq Ft$2 / $2Sq Ft921 / 870DOM6 / 1New597Total1,032
Condo
Avg/Median Rent$1,346 / $1,395Range$795 – $2,195Rent per Sq Ft$2 / $2Sq Ft795 / 850DOM1 / 1New6Total12
Multi-Family
Avg/Median Rent$1,622 / $1,600Range$1,095 – $2,400Rent per Sq Ft$2 / $2Sq Ft1,117 / 800DOM58 / 30New0Total9
Single Family
Avg/Median Rent$1,893 / $1,850Range$500 – $4,200Rent per Sq Ft$1 / $2Sq Ft1,446 / 1,268DOM15 / 1New25Total80
Townhouse
Avg/Median Rent$1,580 / $1,549Range$900 – $2,700Rent per Sq Ft$1 / $1Sq Ft1,411 / 1,200DOM7 / 1New26Total70
Rentals by Bedroom Count
Studio
Avg:$1,334Median:$1,363Range:$715 – $1,825PSF:$2 / $2Sq Ft:582 / 608DOM:22 / 1New:12Total:28
1 Beds
Avg:$1,348Median:$1,298Range:$500 – $2,175PSF:$2 / $2Sq Ft:751 / 769DOM:7 / 1New:275Total:491
2 Beds
Avg:$1,556Median:$1,472Range:$900 – $3,930PSF:$1 / $1Sq Ft:1,078 / 1,075DOM:6 / 1New:291Total:526
3 Beds
Avg:$1,956Median:$1,800Range:$1,100 – $5,987PSF:$1 / $1Sq Ft:1,410 / 1,347DOM:10 / 1New:73Total:144
4 Beds
Avg:$2,496Median:$2,350Range:$1,600 – $4,200PSF:$1 / $1Sq Ft:2,060 / 1,700DOM:19 / 1New:3Total:13
5 Beds
Avg:$2,900Median:$2,900Range:$2,900 – $2,900PSF:—Sq Ft:—DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,334 | $1,363 | $715 – $1,825 | $2 / $2 | 582 / 608 | 22 / 1 | 12 | 28 |
| 1 Beds | $1,348 | $1,298 | $500 – $2,175 | $2 / $2 | 751 / 769 | 7 / 1 | 275 | 491 |
| 2 Beds | $1,556 | $1,472 | $900 – $3,930 | $1 / $1 | 1,078 / 1,075 | 6 / 1 | 291 | 526 |
| 3 Beds | $1,956 | $1,800 | $1,100 – $5,987 | $1 / $1 | 1,410 / 1,347 | 10 / 1 | 73 | 144 |
| 4 Beds | $2,496 | $2,350 | $1,600 – $4,200 | $1 / $1 | 2,060 / 1,700 | 19 / 1 | 3 | 13 |
| 5 Beds | $2,900 | $2,900 | $2,900 – $2,900 | — | — | 1 / 1 | 0 | 1 |
6-Month Sales Trend
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:40New:74Total:292
Jun 2026
Median Price:$475,000Median DOM:42New:72Total:291
Jul 2026
Median Price:$475,000Median DOM:46New:15Total:287
6-Month Rental Trend
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:$1,425Median DOM:1New:761Total:1,121
Jun 2026
Median Rent:$1,425Median DOM:1New:773Total:1,115
Jul 2026
Median Rent:$1,448Median DOM:1New:654Total:1,203
Key Market Takeaways
Median sale prices held steady this month while inventory compressed. Days on market lengthened, signaling slower 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.
272072720827231272432725227256272782731227344275022750327504275082751027511275122751327514275152751627517275182751927520275232752427525275262752727529+50 more
← Back to Raleigh Metro