ZIP 27707 Housing Market Report
Raleigh Metro
Report period: August 2026
27707 Monthly Market Update – August 2026
ZIP 27707 · Last updated Aug 11, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$467,500
−0.5%
Median DOM (Sales)
60
+3.4%
New Listings (Sales)
14
−65.9%
Median Rent
$1,450
+0.7%
Median DOM (Rental)
1
0.0%
Total Rental Listings
1,130
−1.6%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Multi-Family (54 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($995,000 median)
Sales Market Overview
Median Price
$467,500
−0.5%
Median DOM
60
+3.4%
New Listings
14
−65.9%
Inventory
287
+3.2%
- Average Price: $588,900
- Median Price: $467,500
- Price Range: $69,000 – $2,899,999
- Price per Sq Ft (Avg/Median): $284 / $261
- Square Footage (Avg/Median): 2,080 / 1,846
- Square Footage Range: 733 – 6,621
- Days on Market (Avg/Median): 78 / 60
- Days on Market Range: 1 – 351
- New Listings: 14
- Total Listings: 287
Sales by Property Type
Condo
Avg/Median Price$274,825 / $239,900Range$224,500 – $389,900Price per Sq Ft$229 / $239Sq Ft1,207 / 972DOM158 / 151New0Total4
Land
Avg/Median Price$340,779 / $135,000Range$69,000 – $2,899,999Price per Sq Ft—Sq Ft—DOM152 / 165New0Total24
Multi-Family
Avg/Median Price$572,105 / $325,000Range$130,000 – $1,725,000Price per Sq Ft$260 / $245Sq Ft2,040 / 1,600DOM88 / 54New0Total20
Single Family
Avg/Median Price$644,538 / $519,000Range$155,900 – $2,875,000Price per Sq Ft$291 / $274Sq Ft2,174 / 1,923DOM68 / 54New12Total194
Townhouse
Avg/Median Price$516,753 / $324,900Range$180,000 – $2,100,000Price per Sq Ft$270 / $217Sq Ft1,769 / 1,628DOM82 / 60New2Total45
Sales by Bedroom Count
1 Beds
Avg:$251,633Median:$245,000Range:$239,900 – $270,000PSF:$289 / $252Sq Ft:892 / 972DOM:114 / 151New:0Total:3
2 Beds
Avg:$311,864Median:$279,900Range:$130,000 – $825,000PSF:$244 / $224Sq Ft:1,307 / 1,230DOM:61 / 46New:3Total:46
3 Beds
Avg:$525,282Median:$449,000Range:$155,900 – $2,500,000PSF:$301 / $279Sq Ft:1,691 / 1,583DOM:66 / 48New:10Total:116
4 Beds
Avg:$816,823Median:$635,750Range:$200,000 – $2,875,000PSF:$285 / $258Sq Ft:2,720 / 2,438DOM:84 / 73New:1Total:75
5 Beds
Avg:$1,073,824Median:$875,000Range:$280,000 – $2,289,000PSF:$291 / $257Sq Ft:3,537 / 3,502DOM:91 / 73New:0Total:17
6 Beds
Avg:$1,006,667Median:$995,000Range:$975,000 – $1,050,000PSF:$236 / $273Sq Ft:4,640 / 3,650DOM:154 / 154New:0Total:3
7 Beds
Avg:$315,900Median:$315,900Range:$315,900 – $315,900PSF:$158 / $158Sq Ft:2,000 / 2,000DOM:66 / 66New:0Total:1
8 Beds
Avg:$974,850Median:$749,900Range:$749,900 – $1,199,800PSF:$241 / $223Sq Ft:3,992 / 3,360DOM:115 / 105New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $251,633 | $245,000 | $239,900 – $270,000 | $289 / $252 | 892 / 972 | 114 / 151 | 0 | 3 |
| 2 Beds | $311,864 | $279,900 | $130,000 – $825,000 | $244 / $224 | 1,307 / 1,230 | 61 / 46 | 3 | 46 |
| 3 Beds | $525,282 | $449,000 | $155,900 – $2,500,000 | $301 / $279 | 1,691 / 1,583 | 66 / 48 | 10 | 116 |
| 4 Beds | $816,823 | $635,750 | $200,000 – $2,875,000 | $285 / $258 | 2,720 / 2,438 | 84 / 73 | 1 | 75 |
| 5 Beds | $1,073,824 | $875,000 | $280,000 – $2,289,000 | $291 / $257 | 3,537 / 3,502 | 91 / 73 | 0 | 17 |
| 6 Beds | $1,006,667 | $995,000 | $975,000 – $1,050,000 | $236 / $273 | 4,640 / 3,650 | 154 / 154 | 0 | 3 |
| 7 Beds | $315,900 | $315,900 | $315,900 – $315,900 | $158 / $158 | 2,000 / 2,000 | 66 / 66 | 0 | 1 |
| 8 Beds | $974,850 | $749,900 | $749,900 – $1,199,800 | $241 / $223 | 3,992 / 3,360 | 115 / 105 | 0 | 2 |
Rental Market Overview
Median Rent
$1,450
+0.7%
Median DOM
1
0.0%
New Listings
548
Inventory
1,130
−1.6%
- Average Rent: $1,525
- Median Rent: $1,450
- Rent Range: $500 – $4,200
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 976 / 930
- Square Footage Range: 255 – 3,500
- Days on Market (Avg/Median): 7 / 1
- Days on Market Range: 1 – 356
- New Listings: 548
- Total Listings: 1,130
Rentals by Property Type
Apartment
$1,418
Median DOM: 1
Inventory: 987
MoM: +0.7%
Condo
$1,295
Median DOM: 1
Inventory: 13
MoM: +0.7%
Single Family
$1,800
Median DOM: 1
Inventory: 67
MoM: +0.7%
Townhouse
$1,649
Median DOM: 1
Inventory: 55
MoM: +0.7%
Apartment
Avg/Median Rent$1,498 / $1,418Range$849 – $3,875Rent per Sq Ft$2 / $2Sq Ft924 / 882DOM6 / 1New511Total987
Condo
Avg/Median Rent$1,288 / $1,295Range$795 – $2,195Rent per Sq Ft$2 / $2Sq Ft858 / 850DOM1 / 1New7Total13
Multi-Family
Avg/Median Rent$1,496 / $1,290Range$1,095 – $2,400Rent per Sq Ft$2 / $2Sq Ft1,101 / 758DOM43 / 21New0Total8
Single Family
Avg/Median Rent$1,882 / $1,800Range$500 – $4,200Rent per Sq Ft$1 / $1Sq Ft1,438 / 1,250DOM20 / 1New19Total67
Townhouse
Avg/Median Rent$1,646 / $1,649Range$900 – $2,600Rent per Sq Ft$1 / $1Sq Ft1,459 / 1,400DOM6 / 1New11Total55
Rentals by Bedroom Count
Studio
Avg:$1,431Median:$1,383Range:$1,019 – $1,825PSF:$2 / $2Sq Ft:606 / 643DOM:20 / 1New:21Total:36
1 Beds
Avg:$1,337Median:$1,273Range:$500 – $2,175PSF:$2 / $2Sq Ft:752 / 774DOM:7 / 1New:230Total:453
2 Beds
Avg:$1,572Median:$1,495Range:$900 – $3,150PSF:$1 / $1Sq Ft:1,073 / 1,075DOM:5 / 1New:246Total:493
3 Beds
Avg:$1,926Median:$1,800Range:$750 – $3,875PSF:$1 / $1Sq Ft:1,396 / 1,307DOM:8 / 1New:46Total:135
4 Beds
Avg:$2,412Median:$2,100Range:$1,395 – $4,200PSF:$1 / $1Sq Ft:2,146 / 1,900DOM:22 / 1New:5Total:13
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,431 | $1,383 | $1,019 – $1,825 | $2 / $2 | 606 / 643 | 20 / 1 | 21 | 36 |
| 1 Beds | $1,337 | $1,273 | $500 – $2,175 | $2 / $2 | 752 / 774 | 7 / 1 | 230 | 453 |
| 2 Beds | $1,572 | $1,495 | $900 – $3,150 | $1 / $1 | 1,073 / 1,075 | 5 / 1 | 246 | 493 |
| 3 Beds | $1,926 | $1,800 | $750 – $3,875 | $1 / $1 | 1,396 / 1,307 | 8 / 1 | 46 | 135 |
| 4 Beds | $2,412 | $2,100 | $1,395 – $4,200 | $1 / $1 | 2,146 / 1,900 | 22 / 1 | 5 | 13 |
6-Month Sales Trend
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:$470,000Median DOM:58New:41Total:278
Aug 2026
Median Price:$467,500Median DOM:60New:14Total:287
6-Month Rental Trend
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:$1,440Median DOM:1New:798Total:1,148
Aug 2026
Median Rent:$1,450Median DOM:1New:548Total:1,130
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market lengthened, signaling slower 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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