Raleigh Metro Housing Market Report
Report period: August 2026
Raleigh Metro Housing Market Report – August 2026
Raleigh Metro · Last updated Aug 11, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$478,969
−0.9%
Median DOM (Sales)
53
+2.0%
New Listings (Sales)
2,237
−55.0%
Median Rent
$1,703
−0.7%
Median DOM (Rental)
8
−18.0%
Total Rental Listings
31,446
−1.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Apartment (35 DOM)
- Fastest renting: Apartment (5 DOM)
- Strongest bedroom: 7 Beds ($1,690,223 median)
Sales Market Overview
Median Price
$487,317
−0.9%
Median DOM
52
+2.0%
New Listings
2,237
−55.0%
Inventory
17,845
−0.9%
- Average Price: $608,065
- Median Price: $487,317
- Price Range: $124,874 – $4,052,620
- Price per Sq Ft (Avg/Median): $251 / $233
- Square Footage (Avg/Median): 2,321 / 2,127
- Square Footage Range: 901 – 6,536
- Days on Market (Avg/Median): 73 / 52
- Days on Market Range: 6 – 322
- New Listings: 2,237
- Total Listings: 17,845
Sales by Property Type
Land
Avg/Median Price$639,801 / $338,389Range$151,894 – $2,969,286Price per Sq Ft—Sq Ft—DOM122 / 104New58Total1,478
Single Family
Avg/Median Price$695,197 / $585,572Range$238,364 – $2,791,935Price per Sq Ft$259 / $243Sq Ft2,559 / 2,404DOM66 / 49New1,384Total11,856
Manufactured
Avg/Median Price$299,836 / $290,377Range$234,479 – $384,916Price per Sq Ft$196 / $186Sq Ft1,593 / 1,554DOM56 / 43New10Total151
Condo
Avg/Median Price$389,431 / $335,473Range$206,127 – $958,143Price per Sq Ft$296 / $282Sq Ft1,279 / 1,209DOM81 / 69New93Total851
Townhouse
Avg/Median Price$412,134 / $382,665Range$254,466 – $849,870Price per Sq Ft$224 / $219Sq Ft1,827 / 1,753DOM64 / 44New644Total3,301
Apartment
Avg/Median Price$478,598 / $478,598Range$478,598 – $478,598Price per Sq Ft$259 / $259Sq Ft1,624 / 1,624DOM36 / 35New1Total7
Multi-Family
Avg/Median Price$517,510 / $437,843Range$358,001 – $794,697Price per Sq Ft$246 / $222Sq Ft2,204 / 1,980DOM74 / 56New47Total200
Sales by Bedroom Count
3 Beds
Avg:$474,218Median:$422,126Range:$208,312 – $1,389,580PSF:$248 / $232Sq Ft:1,903 / 1,787DOM:64 / 46New:971Total:7,448
2 Beds
Avg:$371,261Median:$311,199Range:$198,338 – $794,506PSF:$279 / $250Sq Ft:1,324 / 1,273DOM:62 / 47New:150Total:1,467
4 Beds
Avg:$739,467Median:$629,559Range:$367,895 – $2,113,273PSF:$249 / $232Sq Ft:2,826 / 2,686DOM:67 / 49New:696Total:4,998
5 Beds
Avg:$999,889Median:$887,998Range:$531,477 – $2,445,243PSF:$252 / $240Sq Ft:3,603 / 3,413DOM:72 / 56New:334Total:1,966
6 Beds
Avg:$1,165,834Median:$1,055,991Range:$748,714 – $1,680,737PSF:$251 / $243Sq Ft:4,288 / 3,868DOM:79 / 57New:12Total:203
1 Beds
Avg:$252,787Median:$236,867Range:$194,019 – $349,149PSF:$333 / $321Sq Ft:788 / 781DOM:81 / 74New:9Total:204
Studio
Avg:$494,164Median:$471,776Range:$452,188 – $550,256PSF:$258 / $245Sq Ft:1,863 / 1,773DOM:49 / 44New:7Total:42
8 Beds
Avg:$930,280Median:$920,480Range:$903,487 – $951,877PSF:$220 / $217Sq Ft:4,260 / 4,252DOM:104 / 100New:0Total:21
7 Beds
Avg:$2,070,967Median:$1,690,223Range:$1,644,454 – $2,496,454PSF:$396 / $385Sq Ft:5,827 / 4,852DOM:86 / 78New:0Total:18
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 3 Beds | $474,218 | $422,126 | $208,312 – $1,389,580 | $248 / $232 | 1,903 / 1,787 | 64 / 46 | 971 | 7,448 |
| 2 Beds | $371,261 | $311,199 | $198,338 – $794,506 | $279 / $250 | 1,324 / 1,273 | 62 / 47 | 150 | 1,467 |
| 4 Beds | $739,467 | $629,559 | $367,895 – $2,113,273 | $249 / $232 | 2,826 / 2,686 | 67 / 49 | 696 | 4,998 |
| 5 Beds | $999,889 | $887,998 | $531,477 – $2,445,243 | $252 / $240 | 3,603 / 3,413 | 72 / 56 | 334 | 1,966 |
| 6 Beds | $1,165,834 | $1,055,991 | $748,714 – $1,680,737 | $251 / $243 | 4,288 / 3,868 | 79 / 57 | 12 | 203 |
| 1 Beds | $252,787 | $236,867 | $194,019 – $349,149 | $333 / $321 | 788 / 781 | 81 / 74 | 9 | 204 |
| Studio | $494,164 | $471,776 | $452,188 – $550,256 | $258 / $245 | 1,863 / 1,773 | 49 / 44 | 7 | 42 |
| 8 Beds | $930,280 | $920,480 | $903,487 – $951,877 | $220 / $217 | 4,260 / 4,252 | 104 / 100 | 0 | 21 |
| 7 Beds | $2,070,967 | $1,690,223 | $1,644,454 – $2,496,454 | $396 / $385 | 5,827 / 4,852 | 86 / 78 | 0 | 18 |
Rental Market Overview
Median Rent
$1,697
−0.7%
Median DOM
9
−18.0%
New Listings
15,371
Inventory
31,459
−1.0%
- Average Rent: $1,730
- Median Rent: $1,697
- Rent Range: $1,018 – $4,066
- Rent per Sq Ft (Avg/Median): $2 / $1
- Square Footage (Avg/Median): 1,267 / 1,175
- Square Footage Range: 624 – 3,978
- Days on Market (Avg/Median): 19 / 9
- Days on Market Range: 6 – 248
- New Listings: 15,371
- Total Listings: 31,459
Rentals by Property Type
Apartment
$1,496
Median DOM: 5
Inventory: 24,944
MoM: −0.7%
Condo
$1,559
Median DOM: 15
Inventory: 467
MoM: −0.7%
Single Family
$2,065
Median DOM: 12
Inventory: 3,972
MoM: −0.7%
Townhouse
$1,907
Median DOM: 16
Inventory: 1,935
MoM: −0.7%
Single Family
Avg/Median Rent$2,178 / $2,065Range$1,105 – $4,204Rent per Sq Ft$1 / $1Sq Ft1,827 / 1,674DOM26 / 12New1,213Total3,972
Townhouse
Avg/Median Rent$1,968 / $1,907Range$1,368 – $2,868Rent per Sq Ft$1 / $1Sq Ft1,595 / 1,560DOM32 / 16New461Total1,935
Apartment
Avg/Median Rent$1,564 / $1,496Range$944 – $3,357Rent per Sq Ft$2 / $2Sq Ft959 / 949DOM10 / 5New13,568Total24,944
Condo
Avg/Median Rent$1,656 / $1,559Range$1,215 – $2,426Rent per Sq Ft$2 / $1Sq Ft1,126 / 1,095DOM31 / 15New117Total467
Manufactured
Avg/Median Rent$1,360 / $1,283Range$1,233 – $1,558Rent per Sq Ft$1 / $1Sq Ft1,189 / 1,189DOM56 / 49New1Total21
Multi-Family
Avg/Median Rent$1,610 / $1,506Range$1,342 – $1,927Rent per Sq Ft$2 / $1Sq Ft1,085 / 983DOM53 / 46New11Total110
Rentals by Bedroom Count
3 Beds
Avg:$1,961Median:$1,960Range:$1,383 – $3,342PSF:$1 / $1Sq Ft:1,526 / 1,459DOM:22 / 8New:2,221Total:5,754
4 Beds
Avg:$2,621Median:$2,564Range:$1,902 – $3,942PSF:$1 / $1Sq Ft:2,315 / 2,220DOM:27 / 11New:418Total:1,394
2 Beds
Avg:$1,642Median:$1,582Range:$1,092 – $2,911PSF:$2 / $1Sq Ft:1,071 / 1,059DOM:13 / 5New:6,261Total:11,650
1 Beds
Avg:$1,373Median:$1,352Range:$823 – $2,103PSF:$2 / $2Sq Ft:793 / 783DOM:11 / 6New:5,724Total:10,970
5 Beds
Avg:$3,526Median:$3,302Range:$3,011 – $4,366PSF:$1 / $1Sq Ft:3,103 / 2,985DOM:22 / 12New:100Total:326
Studio
Avg:$1,523Median:$1,475Range:$1,147 – $2,195PSF:$2 / $2Sq Ft:827 / 765DOM:24 / 12New:643Total:1,347
6 Beds
Avg:$3,753Median:$3,605Range:$3,605 – $3,901PSF:$1 / $1Sq Ft:3,565 / 3,445DOM:15 / 12New:4Total:15
7 Beds
Avg:$4,497Median:$4,497Range:$4,497 – $4,497PSF:$1 / $1Sq Ft:4,030 / 4,030DOM:158 / 158New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 3 Beds | $1,961 | $1,960 | $1,383 – $3,342 | $1 / $1 | 1,526 / 1,459 | 22 / 8 | 2,221 | 5,754 |
| 4 Beds | $2,621 | $2,564 | $1,902 – $3,942 | $1 / $1 | 2,315 / 2,220 | 27 / 11 | 418 | 1,394 |
| 2 Beds | $1,642 | $1,582 | $1,092 – $2,911 | $2 / $1 | 1,071 / 1,059 | 13 / 5 | 6,261 | 11,650 |
| 1 Beds | $1,373 | $1,352 | $823 – $2,103 | $2 / $2 | 793 / 783 | 11 / 6 | 5,724 | 10,970 |
| 5 Beds | $3,526 | $3,302 | $3,011 – $4,366 | $1 / $1 | 3,103 / 2,985 | 22 / 12 | 100 | 326 |
| Studio | $1,523 | $1,475 | $1,147 – $2,195 | $2 / $2 | 827 / 765 | 24 / 12 | 643 | 1,347 |
| 6 Beds | $3,753 | $3,605 | $3,605 – $3,901 | $1 / $1 | 3,565 / 3,445 | 15 / 12 | 4 | 15 |
| 7 Beds | $4,497 | $4,497 | $4,497 – $4,497 | $1 / $1 | 4,030 / 4,030 | 158 / 158 | 0 | 3 |
6-Month Sales Trend
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:$488,573Median DOM:44New:5,289Total:18,050
Jul 2026
Median Price:$483,176Median DOM:52New:4,966Total:18,007
Aug 2026
Median Price:$478,969Median DOM:53New:2,237Total:17,843
6-Month Rental Trend
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:22,706Total:32,987
Jul 2026
Median Rent:$1,716Median DOM:10New:20,836Total:31,762
Aug 2026
Median Rent:$1,703Median DOM:8New:15,371Total:31,446
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing eased, 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.