ZIP 27278 Housing Market Report
Raleigh Metro
Report period: July 2026
27278 Monthly Market Update – July 2026
ZIP 27278 · Last updated Jul 11, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$475,000
−1.0%
Median DOM (Sales)
50
+8.7%
New Listings (Sales)
30
−58.3%
Median Rent
$1,481
−1.3%
Median DOM (Rental)
1
0.0%
Total Rental Listings
169
+7.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (40 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: Studio ($1,400,000 median)
Sales Market Overview
Median Price
$475,000
−1.0%
Median DOM
50
+8.7%
New Listings
30
−58.3%
Inventory
252
−0.8%
- Average Price: $590,916
- Median Price: $475,000
- Price Range: $59,000 – $3,250,000
- Price per Sq Ft (Avg/Median): $256 / $237
- Square Footage (Avg/Median): 2,414 / 2,368
- Square Footage Range: 750 – 8,132
- Days on Market (Avg/Median): 74 / 50
- Days on Market Range: 2 – 365
- New Listings: 30
- Total Listings: 252
Sales by Property Type
Condo
Avg/Median Price$400,000 / $400,000Range$400,000 – $400,000Price per Sq Ft$402 / $402Sq Ft995 / 995DOM57 / 57New0Total1
Land
Avg/Median Price$458,725 / $295,000Range$59,000 – $2,850,000Price per Sq Ft—Sq Ft—DOM130 / 114New1Total51
Manufactured
Avg/Median Price$507,000 / $300,000Range$250,000 – $1,400,000Price per Sq Ft$182 / $151Sq Ft1,643 / 1,440DOM52 / 70New1Total5
Single Family
Avg/Median Price$654,690 / $534,990Range$165,000 – $3,250,000Price per Sq Ft$263 / $243Sq Ft2,490 / 2,486DOM60 / 40New28Total176
Townhouse
Avg/Median Price$387,123 / $390,800Range$289,000 – $567,000Price per Sq Ft$201 / $196Sq Ft1,951 / 1,929DOM58 / 41New0Total19
Sales by Bedroom Count
Studio
Avg:$1,400,000Median:$1,400,000Range:$1,400,000 – $1,400,000PSF:—Sq Ft:—DOM:85 / 85New:0Total:1
1 Beds
Avg:$400,000Median:$400,000Range:$400,000 – $400,000PSF:$402 / $402Sq Ft:995 / 995DOM:57 / 57New:0Total:1
2 Beds
Avg:$360,055Median:$274,900Range:$179,000 – $850,000PSF:$298 / $238Sq Ft:1,237 / 1,080DOM:41 / 26New:1Total:20
3 Beds
Avg:$476,063Median:$425,000Range:$165,000 – $1,500,000PSF:$257 / $246Sq Ft:1,844 / 1,766DOM:51 / 35New:12Total:74
4 Beds
Avg:$722,843Median:$625,000Range:$200,000 – $2,239,000PSF:$244 / $224Sq Ft:2,894 / 2,718DOM:71 / 48New:10Total:80
5 Beds
Avg:$938,343Median:$720,000Range:$478,606 – $3,250,000PSF:$252 / $207Sq Ft:3,563 / 3,055DOM:67 / 58New:6Total:25
| 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 | — | — | 85 / 85 | 0 | 1 |
| 1 Beds | $400,000 | $400,000 | $400,000 – $400,000 | $402 / $402 | 995 / 995 | 57 / 57 | 0 | 1 |
| 2 Beds | $360,055 | $274,900 | $179,000 – $850,000 | $298 / $238 | 1,237 / 1,080 | 41 / 26 | 1 | 20 |
| 3 Beds | $476,063 | $425,000 | $165,000 – $1,500,000 | $257 / $246 | 1,844 / 1,766 | 51 / 35 | 12 | 74 |
| 4 Beds | $722,843 | $625,000 | $200,000 – $2,239,000 | $244 / $224 | 2,894 / 2,718 | 71 / 48 | 10 | 80 |
| 5 Beds | $938,343 | $720,000 | $478,606 – $3,250,000 | $252 / $207 | 3,563 / 3,055 | 67 / 58 | 6 | 25 |
Rental Market Overview
Median Rent
$1,481
−1.3%
Median DOM
1
0.0%
New Listings
70
Inventory
169
+7.0%
- Average Rent: $1,582
- Median Rent: $1,481
- Rent Range: $750 – $5,000
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,142 / 1,095
- Square Footage Range: 480 – 3,409
- Days on Market (Avg/Median): 13 / 1
- Days on Market Range: 1 – 363
- New Listings: 70
- Total Listings: 169
Rentals by Property Type
Apartment
$1,403
Median DOM: 1
Inventory: 126
MoM: −1.3%
Condo
$1,400
Median DOM: 36
Inventory: 1
MoM: −1.3%
Single Family
$1,840
Median DOM: 7
Inventory: 38
MoM: −1.3%
Townhouse
$2,070
Median DOM: 7
Inventory: 4
MoM: −1.3%
Apartment
Avg/Median Rent$1,439 / $1,403Range$750 – $2,200Rent per Sq Ft$1 / $1Sq Ft1,055 / 1,095DOM8 / 1New62Total126
Condo
Avg/Median Rent$1,400 / $1,400Range$1,400 – $1,400Rent per Sq Ft$2 / $2Sq Ft800 / 800DOM36 / 36New0Total1
Single Family
Avg/Median Rent$2,010 / $1,840Range$850 – $5,000Rent per Sq Ft$2 / $1Sq Ft1,403 / 1,252DOM29 / 7New6Total38
Townhouse
Avg/Median Rent$2,048 / $2,070Range$1,575 – $2,295Rent per Sq Ft$1 / $1Sq Ft1,678 / 1,615DOM14 / 7New2Total4
Rentals by Bedroom Count
1 Beds
Avg:$1,256Median:$1,242Range:$750 – $1,615PSF:$2 / $2Sq Ft:783 / 811DOM:11 / 1New:19Total:31
2 Beds
Avg:$1,499Median:$1,414Range:$1,050 – $5,000PSF:$1 / $1Sq Ft:1,056 / 1,095DOM:9 / 1New:36Total:84
3 Beds
Avg:$1,775Median:$1,700Range:$1,260 – $2,300PSF:$1 / $1Sq Ft:1,349 / 1,403DOM:20 / 1New:14Total:49
4 Beds
Avg:$3,076Median:$3,065Range:$2,495 – $3,550PSF:$1 / $1Sq Ft:2,687 / 2,841DOM:20 / 1New:1Total:4
5 Beds
Avg:$3,250Median:$3,250Range:$3,250 – $3,250PSF:$1 / $1Sq Ft:3,409 / 3,409DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,256 | $1,242 | $750 – $1,615 | $2 / $2 | 783 / 811 | 11 / 1 | 19 | 31 |
| 2 Beds | $1,499 | $1,414 | $1,050 – $5,000 | $1 / $1 | 1,056 / 1,095 | 9 / 1 | 36 | 84 |
| 3 Beds | $1,775 | $1,700 | $1,260 – $2,300 | $1 / $1 | 1,349 / 1,403 | 20 / 1 | 14 | 49 |
| 4 Beds | $3,076 | $3,065 | $2,495 – $3,550 | $1 / $1 | 2,687 / 2,841 | 20 / 1 | 1 | 4 |
| 5 Beds | $3,250 | $3,250 | $3,250 – $3,250 | $1 / $1 | 3,409 / 3,409 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
Feb 2026
Median Price:$450,000Median DOM:59New:50Total:197
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:$475,000Median DOM:50New:30Total:252
6-Month Rental Trend
Feb 2026
Median Rent:$1,499Median DOM:1New:100Total:148
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:$1,481Median DOM:1New:70Total:169
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 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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