ZIP 27231 Housing Market Report
Raleigh Metro
Report period: July 2026
27231 Monthly Market Update – July 2026
ZIP 27231 · Last updated Jul 11, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$470,000
+4.4%
Median DOM (Sales)
94
+2.2%
New Listings (Sales)
0
−100.0%
Median Rent
$1,550
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
1
0.0%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents were stable.
What's Moving Fastest
- Fastest selling: Single Family (91 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 4 Beds ($1,123,360 median)
Sales Market Overview
Median Price
$470,000
+4.4%
Median DOM
94
+2.2%
New Listings
0
−100.0%
Inventory
19
−5.0%
- Average Price: $582,540
- Median Price: $470,000
- Price Range: $175,000 – $1,450,000
- Price per Sq Ft (Avg/Median): $289 / $264
- Square Footage (Avg/Median): 2,943 / 3,200
- Square Footage Range: 1,413 – 4,400
- Days on Market (Avg/Median): 129 / 94
- Days on Market Range: 5 – 353
- New Listings: 0
- Total Listings: 19
Sales by Property Type
Land
Avg/Median Price$378,790 / $245,000Range$175,000 – $1,450,000Price per Sq Ft—Sq Ft—DOM156 / 114New0Total10
Single Family
Avg/Median Price$808,929 / $838,500Range$470,000 – $1,188,000Price per Sq Ft$289 / $264Sq Ft2,943 / 3,200DOM94 / 91New0Total9
Sales by Bedroom Count
3 Beds
Avg:$562,500Median:$480,000Range:$470,000 – $699,999PSF:$315 / $252Sq Ft:1,872 / 1,818DOM:94 / 87New:0Total:4
4 Beds
Avg:$1,123,360Median:$1,123,360Range:$1,123,360 – $1,123,360PSF:$284 / $284Sq Ft:3,953 / 3,953DOM:94 / 94New:0Total:1
5 Beds
Avg:$985,667Median:$930,500Range:$838,500 – $1,188,000PSF:$279 / $291Sq Ft:3,549 / 3,691DOM:86 / 86New:0Total:3
6 Beds
Avg:$950,000Median:$950,000Range:$950,000 – $950,000PSF:$216 / $216Sq Ft:4,400 / 4,400DOM:105 / 105New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 3 Beds | $562,500 | $480,000 | $470,000 – $699,999 | $315 / $252 | 1,872 / 1,818 | 94 / 87 | 0 | 4 |
| 4 Beds | $1,123,360 | $1,123,360 | $1,123,360 – $1,123,360 | $284 / $284 | 3,953 / 3,953 | 94 / 94 | 0 | 1 |
| 5 Beds | $985,667 | $930,500 | $838,500 – $1,188,000 | $279 / $291 | 3,549 / 3,691 | 86 / 86 | 0 | 3 |
| 6 Beds | $950,000 | $950,000 | $950,000 – $950,000 | $216 / $216 | 4,400 / 4,400 | 105 / 105 | 0 | 1 |
Rental Market Overview
Median Rent
$1,550
0.0%
Median DOM
1
0.0%
New Listings
0
Inventory
1
0.0%
- Average Rent: $1,550
- Median Rent: $1,550
- Rent Range: $1,550 – $1,550
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,054 / 1,054
- Square Footage Range: 1,054 – 1,054
- Days on Market (Avg/Median): 1 / 1
- Days on Market Range: 1 – 1
- New Listings: 0
- Total Listings: 1
Rentals by Property Type
Apartment
—
Median DOM: —
Inventory: —
MoM: 0.0%
Condo
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
$1,550
Median DOM: 1
Inventory: 1
MoM: 0.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
Avg/Median Rent$1,550 / $1,550Range$1,550 – $1,550Rent per Sq Ft$1 / $1Sq Ft1,054 / 1,054DOM1 / 1New0Total1
Rentals by Bedroom Count
3 Beds
Avg:$1,550Median:$1,550Range:$1,550 – $1,550PSF:$1 / $1Sq Ft:1,054 / 1,054DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 3 Beds | $1,550 | $1,550 | $1,550 – $1,550 | $1 / $1 | 1,054 / 1,054 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
Feb 2026
Median Price:$315,500Median DOM:155New:6Total:21
Mar 2026
Median Price:$369,700Median DOM:58New:6Total:26
Apr 2026
Median Price:$425,000Median DOM:46New:4Total:26
May 2026
Median Price:$395,000Median DOM:66New:2Total:22
Jun 2026
Median Price:$450,000Median DOM:92New:1Total:20
Jul 2026
Median Price:$470,000Median DOM:94New:0Total:19
6-Month Rental Trend
Feb 2026
Median Rent:$1,340Median DOM:1New:0Total:2
Mar 2026
Median Rent:$1,340Median DOM:1New:0Total:1
May 2026
Median Rent:$1,600Median DOM:1New:1Total:1
Jun 2026
Median Rent:$1,550Median DOM:1New:1Total:1
Jul 2026
Median Rent:$1,550Median DOM:1New:0Total:1
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing remained stable, while total rental inventory was flat.
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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