Raleigh Metro Housing Market Report
Report period: July 2026
Raleigh Metro Housing Market Report – July 2026
Raleigh Metro · Last updated Jul 11, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$491,736
+0.6%
Median DOM (Sales)
52
+21.1%
New Listings (Sales)
891
−76.2%
Median Rent
$1,732
+2.7%
Median DOM (Rental)
14
+114.0%
Total Rental Listings
15,018
−54.0%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Apartment (36 DOM)
- Fastest renting: Apartment (4 DOM)
- Strongest bedroom: 7 Beds ($1,677,677 median)
Sales Market Overview
Median Price
$494,360
+0.6%
Median DOM
45
+21.1%
New Listings
2,394
−76.2%
Inventory
18,136
−56.3%
- Average Price: $611,169
- Median Price: $494,360
- Price Range: $128,559 – $4,069,487
- Price per Sq Ft (Avg/Median): $254 / $235
- Square Footage (Avg/Median): 2,326 / 2,128
- Square Footage Range: 921 – 6,503
- Days on Market (Avg/Median): 67 / 45
- Days on Market Range: 5 – 318
- New Listings: 2,394
- Total Listings: 18,136
Sales by Property Type
Land
Avg/Median Price$644,396 / $351,113Range$157,137 – $3,029,822Price per Sq Ft—Sq Ft—DOM119 / 97New66Total1,461
Single Family
Avg/Median Price$700,896 / $588,510Range$253,319 – $2,852,952Price per Sq Ft$262 / $245Sq Ft2,564 / 2,407DOM59 / 39New1,528Total12,136
Manufactured
Avg/Median Price$290,752 / $271,902Range$222,555 – $376,990Price per Sq Ft$186 / $173Sq Ft1,572 / 1,528DOM69 / 52New8Total114
Condo
Avg/Median Price$405,586 / $351,192Range$204,831 – $988,422Price per Sq Ft$302 / $288Sq Ft1,313 / 1,237DOM74 / 60New108Total863
Townhouse
Avg/Median Price$410,472 / $384,749Range$258,433 – $771,648Price per Sq Ft$223 / $219Sq Ft1,811 / 1,752DOM57 / 39New635Total3,382
Apartment
Avg/Median Price$818,333 / $818,333Range$818,333 – $818,333Price per Sq Ft$313 / $313Sq Ft2,704 / 2,704DOM36 / 36New1Total3
Multi-Family
Avg/Median Price$540,961 / $452,216Range$371,403 – $822,063Price per Sq Ft$248 / $237Sq Ft2,243 / 1,989DOM74 / 54New48Total176
Sales by Bedroom Count
3 Beds
Avg:$482,084Median:$427,113Range:$233,271 – $1,339,824PSF:$251 / $235Sq Ft:1,906 / 1,799DOM:56 / 37New:1,100Total:7,761
2 Beds
Avg:$375,471Median:$322,888Range:$204,194 – $776,146PSF:$279 / $251Sq Ft:1,330 / 1,266DOM:60 / 41New:174Total:1,455
5 Beds
Avg:$1,016,331Median:$861,619Range:$545,910 – $2,532,681PSF:$260 / $244Sq Ft:3,613 / 3,394DOM:66 / 49New:344Total:1,987
4 Beds
Avg:$748,257Median:$636,757Range:$377,146 – $2,230,637PSF:$251 / $235Sq Ft:2,839 / 2,700DOM:61 / 42New:669Total:4,990
6 Beds
Avg:$1,180,793Median:$1,066,053Range:$799,979 – $1,683,061PSF:$258 / $250Sq Ft:4,279 / 4,060DOM:80 / 64New:18Total:214
1 Beds
Avg:$258,090Median:$245,674Range:$194,594 – $348,970PSF:$331 / $322Sq Ft:793 / 765DOM:76 / 62New:15Total:198
Studio
Avg:$430,711Median:$410,379Range:$397,753 – $486,247PSF:$234 / $222Sq Ft:1,740 / 1,663DOM:61 / 53New:4Total:31
8 Beds
Avg:$958,950Median:$920,294Range:$909,363 – $1,006,353PSF:$223 / $214Sq Ft:4,322 / 4,243DOM:103 / 94New:3Total:23
7 Beds
Avg:$1,905,177Median:$1,677,677Range:$1,677,677 – $2,132,677PSF:$307 / $295Sq Ft:6,143 / 5,443DOM:76 / 75New:1Total:16
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 3 Beds | $482,084 | $427,113 | $233,271 – $1,339,824 | $251 / $235 | 1,906 / 1,799 | 56 / 37 | 1,100 | 7,761 |
| 2 Beds | $375,471 | $322,888 | $204,194 – $776,146 | $279 / $251 | 1,330 / 1,266 | 60 / 41 | 174 | 1,455 |
| 5 Beds | $1,016,331 | $861,619 | $545,910 – $2,532,681 | $260 / $244 | 3,613 / 3,394 | 66 / 49 | 344 | 1,987 |
| 4 Beds | $748,257 | $636,757 | $377,146 – $2,230,637 | $251 / $235 | 2,839 / 2,700 | 61 / 42 | 669 | 4,990 |
| 6 Beds | $1,180,793 | $1,066,053 | $799,979 – $1,683,061 | $258 / $250 | 4,279 / 4,060 | 80 / 64 | 18 | 214 |
| 1 Beds | $258,090 | $245,674 | $194,594 – $348,970 | $331 / $322 | 793 / 765 | 76 / 62 | 15 | 198 |
| Studio | $430,711 | $410,379 | $397,753 – $486,247 | $234 / $222 | 1,740 / 1,663 | 61 / 53 | 4 | 31 |
| 8 Beds | $958,950 | $920,294 | $909,363 – $1,006,353 | $223 / $214 | 4,322 / 4,243 | 103 / 94 | 3 | 23 |
| 7 Beds | $1,905,177 | $1,677,677 | $1,677,677 – $2,132,677 | $307 / $295 | 6,143 / 5,443 | 76 / 75 | 1 | 16 |
Rental Market Overview
Median Rent
$1,702
+2.7%
Median DOM
9
+114.0%
New Listings
16,436
Inventory
32,977
−54.0%
- Average Rent: $1,731
- Median Rent: $1,702
- Rent Range: $1,010 – $4,176
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,272 / 1,185
- Square Footage Range: 647 – 3,392
- Days on Market (Avg/Median): 18 / 9
- Days on Market Range: 7 – 239
- New Listings: 16,436
- Total Listings: 32,977
Rentals by Property Type
Apartment
$1,517
Median DOM: 4
Inventory: 26,278
MoM: +2.7%
Condo
$1,503
Median DOM: 19
Inventory: 458
MoM: +2.7%
Single Family
$2,030
Median DOM: 10
Inventory: 4,102
MoM: +2.7%
Townhouse
$1,931
Median DOM: 16
Inventory: 1,990
MoM: +2.7%
Single Family
Avg/Median Rent$2,157 / $2,030Range$1,098 – $4,041Rent per Sq Ft$1 / $1Sq Ft1,766 / 1,636DOM24 / 10New1,354Total4,102
Apartment
Avg/Median Rent$1,585 / $1,517Range$952 – $3,658Rent per Sq Ft$2 / $2Sq Ft992 / 973DOM10 / 4New14,449Total26,278
Condo
Avg/Median Rent$1,591 / $1,503Range$1,203 – $2,330Rent per Sq Ft$2 / $2Sq Ft1,073 / 1,034DOM35 / 19New126Total458
Townhouse
Avg/Median Rent$2,018 / $1,931Range$1,326 – $3,201Rent per Sq Ft$1 / $1Sq Ft1,618 / 1,560DOM33 / 16New485Total1,990
Manufactured
Avg/Median Rent$1,404 / $1,343Range$1,306 – $1,620Rent per Sq Ft$1 / $1Sq Ft1,140 / 1,084DOM49 / 40New4Total28
Multi-Family
Avg/Median Rent$1,682 / $1,592Range$1,393 – $2,032Rent per Sq Ft$2 / $2Sq Ft1,058 / 1,026DOM57 / 41New18Total111
Rentals by Bedroom Count
3 Beds
Avg:$1,975Median:$1,941Range:$1,374 – $3,663PSF:$1 / $1Sq Ft:1,541 / 1,478DOM:19 / 6New:2,501Total:6,103
4 Beds
Avg:$2,662Median:$2,622Range:$1,924 – $3,942PSF:$1 / $1Sq Ft:2,272 / 2,183DOM:28 / 11New:433Total:1,376
2 Beds
Avg:$1,640Median:$1,584Range:$1,077 – $2,911PSF:$2 / $2Sq Ft:1,074 / 1,065DOM:19 / 11New:6,541Total:12,204
1 Beds
Avg:$1,384Median:$1,366Range:$820 – $2,138PSF:$2 / $2Sq Ft:783 / 783DOM:13 / 4New:6,110Total:11,541
5 Beds
Avg:$3,221Median:$3,078Range:$2,702 – $4,066PSF:$1 / $1Sq Ft:2,944 / 2,854DOM:22 / 9New:105Total:314
Studio
Avg:$1,512Median:$1,435Range:$1,122 – $2,078PSF:$2 / $2Sq Ft:839 / 743DOM:25 / 12New:740Total:1,423
6 Beds
Avg:$3,580Median:$3,580Range:$3,580 – $3,580PSF:$1 / $1Sq Ft:3,340 / 3,340DOM:7 / 7New:5Total:11
7 Beds
Avg:$4,772Median:$4,772Range:$4,772 – $4,772PSF:$1 / $1Sq Ft:4,465 / 4,465DOM:116 / 116New:1Total:5
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 3 Beds | $1,975 | $1,941 | $1,374 – $3,663 | $1 / $1 | 1,541 / 1,478 | 19 / 6 | 2,501 | 6,103 |
| 4 Beds | $2,662 | $2,622 | $1,924 – $3,942 | $1 / $1 | 2,272 / 2,183 | 28 / 11 | 433 | 1,376 |
| 2 Beds | $1,640 | $1,584 | $1,077 – $2,911 | $2 / $2 | 1,074 / 1,065 | 19 / 11 | 6,541 | 12,204 |
| 1 Beds | $1,384 | $1,366 | $820 – $2,138 | $2 / $2 | 783 / 783 | 13 / 4 | 6,110 | 11,541 |
| 5 Beds | $3,221 | $3,078 | $2,702 – $4,066 | $1 / $1 | 2,944 / 2,854 | 22 / 9 | 105 | 314 |
| Studio | $1,512 | $1,435 | $1,122 – $2,078 | $2 / $2 | 839 / 743 | 25 / 12 | 740 | 1,423 |
| 6 Beds | $3,580 | $3,580 | $3,580 – $3,580 | $1 / $1 | 3,340 / 3,340 | 7 / 7 | 5 | 11 |
| 7 Beds | $4,772 | $4,772 | $4,772 – $4,772 | $1 / $1 | 4,465 / 4,465 | 116 / 116 | 1 | 5 |
6-Month Sales Trend
Jan 2026
Median Price:$449,308Median DOM:58New:2,500Total:8,163
Feb 2026
Median Price:$454,140Median DOM:53New:4,477Total:14,688
Mar 2026
Median Price:$459,306Median DOM:40New:5,667Total:16,047
Apr 2026
Median Price:$462,813Median DOM:36New:5,699Total:17,432
May 2026
Median Price:$471,017Median DOM:38New:5,688Total:18,059
Jun 2026
Median Price:$488,800Median DOM:43New:3,751Total:18,157
Jul 2026
Median Price:$491,736Median DOM:52New:891Total:7,940
6-Month Rental Trend
Jan 2026
Median Rent:$1,665Median DOM:6New:10,454Total:14,775
Feb 2026
Median Rent:$1,665Median DOM:6New:20,261Total:28,513
Mar 2026
Median Rent:$1,667Median DOM:5New:22,037Total:30,397
Apr 2026
Median Rent:$1,664Median DOM:5New:23,054Total:32,039
May 2026
Median Rent:$1,662Median DOM:6New:23,244Total:33,227
Jun 2026
Median Rent:$1,687Median DOM:7New:19,222Total:32,678
Jul 2026
Median Rent:$1,732Median DOM:14New:7,147Total:15,018
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. 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.
ZIP Code Reports
Detailed reports for ZIP codes in Raleigh Metro.