ZIP 27278 Housing Market Report
Raleigh Metro
Report period: August 2026
27278 Monthly Market Update – August 2026
ZIP 27278 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$470,000
−1.5%
Median DOM (Sales)
59
+13.5%
New Listings (Sales)
19
−64.8%
Median Rent
$1,464
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
166
+1.8%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (46 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: Studio ($1,400,000 median)
Sales Market Overview
Median Price
$470,000
−1.5%
Median DOM
59
+13.5%
New Listings
19
−64.8%
Inventory
242
−2.0%
- Average Price: $581,574
- Median Price: $470,000
- Price Range: $59,000 – $3,250,000
- Price per Sq Ft (Avg/Median): $257 / $236
- Square Footage (Avg/Median): 2,402 / 2,378
- Square Footage Range: 818 – 8,132
- Days on Market (Avg/Median): 79 / 59
- Days on Market Range: 1 – 365
- New Listings: 19
- Total Listings: 242
Sales by Property Type
Condo
Avg/Median Price$385,000 / $385,000Range$385,000 – $385,000Price per Sq Ft$387 / $387Sq Ft995 / 995DOM87 / 87New0Total1
Land
Avg/Median Price$382,386 / $269,900Range$59,000 – $2,850,000Price per Sq Ft—Sq Ft—DOM139 / 131New1Total44
Manufactured
Avg/Median Price$504,980 / $300,000Range$249,900 – $1,400,000Price per Sq Ft$181 / $151Sq Ft1,643 / 1,440DOM77 / 92New0Total5
Single Family
Avg/Median Price$654,619 / $499,999Range$165,000 – $3,250,000Price per Sq Ft$263 / $246Sq Ft2,473 / 2,486DOM67 / 46New17Total175
Townhouse
Avg/Median Price$379,272 / $375,000Range$265,000 – $567,000Price per Sq Ft$198 / $194Sq Ft1,933 / 1,924DOM60 / 53New1Total17
Sales by Bedroom Count
Studio
Avg:$1,400,000Median:$1,400,000Range:$1,400,000 – $1,400,000PSF:—Sq Ft:—DOM:92 / 92New:0Total:1
1 Beds
Avg:$385,000Median:$385,000Range:$385,000 – $385,000PSF:$387 / $387Sq Ft:995 / 995DOM:87 / 87New:0Total:1
2 Beds
Avg:$378,012Median:$279,000Range:$179,000 – $850,000PSF:$311 / $276Sq Ft:1,261 / 1,097DOM:36 / 31New:1Total:17
3 Beds
Avg:$467,260Median:$425,000Range:$165,000 – $1,500,000PSF:$255 / $249Sq Ft:1,823 / 1,750DOM:56 / 38New:4Total:77
4 Beds
Avg:$747,054Median:$625,000Range:$199,000 – $2,250,000PSF:$249 / $223Sq Ft:2,912 / 2,800DOM:78 / 67New:10Total:79
5 Beds
Avg:$900,366Median:$679,900Range:$473,599 – $3,250,000PSF:$245 / $203Sq Ft:3,499 / 3,180DOM:85 / 69New:3Total:23
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,400,000 | $1,400,000 | $1,400,000 – $1,400,000 | — | — | 92 / 92 | 0 | 1 |
| 1 Beds | $385,000 | $385,000 | $385,000 – $385,000 | $387 / $387 | 995 / 995 | 87 / 87 | 0 | 1 |
| 2 Beds | $378,012 | $279,000 | $179,000 – $850,000 | $311 / $276 | 1,261 / 1,097 | 36 / 31 | 1 | 17 |
| 3 Beds | $467,260 | $425,000 | $165,000 – $1,500,000 | $255 / $249 | 1,823 / 1,750 | 56 / 38 | 4 | 77 |
| 4 Beds | $747,054 | $625,000 | $199,000 – $2,250,000 | $249 / $223 | 2,912 / 2,800 | 78 / 67 | 10 | 79 |
| 5 Beds | $900,366 | $679,900 | $473,599 – $3,250,000 | $245 / $203 | 3,499 / 3,180 | 85 / 69 | 3 | 23 |
Rental Market Overview
Median Rent
$1,464
0.0%
Median DOM
1
0.0%
New Listings
74
Inventory
166
+1.8%
- Average Rent: $1,577
- Median Rent: $1,464
- Rent Range: $750 – $5,000
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,136 / 1,095
- Square Footage Range: 501 – 3,300
- Days on Market (Avg/Median): 13 / 1
- Days on Market Range: 1 – 363
- New Listings: 74
- Total Listings: 166
Rentals by Property Type
Apartment
$1,408
Median DOM: 1
Inventory: 129
MoM: 0.0%
Condo
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
$1,760
Median DOM: 20
Inventory: 31
MoM: 0.0%
Townhouse
$2,000
Median DOM: 1
Inventory: 6
MoM: 0.0%
Apartment
Avg/Median Rent$1,454 / $1,408Range$750 – $2,200Rent per Sq Ft$1 / $1Sq Ft1,055 / 1,085DOM9 / 1New68Total129
Single Family
Avg/Median Rent$2,009 / $1,760Range$850 – $5,000Rent per Sq Ft$2 / $1Sq Ft1,402 / 1,291DOM36 / 20New4Total31
Townhouse
Avg/Median Rent$1,995 / $2,000Range$1,575 – $2,250Rent per Sq Ft$1 / $1Sq Ft1,593 / 1,703DOM6 / 1New2Total6
Rentals by Bedroom Count
1 Beds
Avg:$1,269Median:$1,260Range:$750 – $1,430PSF:$2 / $2Sq Ft:784 / 753DOM:22 / 1New:20Total:35
2 Beds
Avg:$1,501Median:$1,414Range:$1,050 – $5,000PSF:$1 / $1Sq Ft:1,055 / 1,095DOM:6 / 1New:32Total:77
3 Beds
Avg:$1,799Median:$1,750Range:$1,260 – $3,000PSF:$1 / $1Sq Ft:1,380 / 1,403DOM:18 / 1New:21Total:50
4 Beds
Avg:$2,982Median:$2,900Range:$2,495 – $3,550PSF:$1 / $1Sq Ft:2,572 / 2,841DOM:32 / 26New:1Total:3
5 Beds
Avg:$2,900Median:$2,900Range:$2,900 – $2,900PSF:$1 / $1Sq Ft:3,300 / 3,300DOM:27 / 27New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,269 | $1,260 | $750 – $1,430 | $2 / $2 | 784 / 753 | 22 / 1 | 20 | 35 |
| 2 Beds | $1,501 | $1,414 | $1,050 – $5,000 | $1 / $1 | 1,055 / 1,095 | 6 / 1 | 32 | 77 |
| 3 Beds | $1,799 | $1,750 | $1,260 – $3,000 | $1 / $1 | 1,380 / 1,403 | 18 / 1 | 21 | 50 |
| 4 Beds | $2,982 | $2,900 | $2,495 – $3,550 | $1 / $1 | 2,572 / 2,841 | 32 / 26 | 1 | 3 |
| 5 Beds | $2,900 | $2,900 | $2,900 – $2,900 | $1 / $1 | 3,300 / 3,300 | 27 / 27 | 0 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$474,999Median DOM:28New:80Total:215
Apr 2026
Median Price:$494,900Median DOM:34New:86Total:258
May 2026
Median Price:$499,990Median DOM:37New:66Total:256
Jun 2026
Median Price:$480,000Median DOM:46New:72Total:254
Jul 2026
Median Price:$476,990Median DOM:52New:54Total:247
Aug 2026
Median Price:$470,000Median DOM:59New:19Total:242
6-Month Rental Trend
Mar 2026
Median Rent:$1,506Median DOM:1New:101Total:148
Apr 2026
Median Rent:$1,485Median DOM:1New:105Total:153
May 2026
Median Rent:$1,500Median DOM:1New:100Total:157
Jun 2026
Median Rent:$1,500Median DOM:1New:102Total:158
Jul 2026
Median Rent:$1,464Median DOM:1New:95Total:163
Aug 2026
Median Rent:$1,464Median DOM:1New:74Total:166
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing remained stable, 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.
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