ZIP 27312 Housing Market Report
Raleigh Metro
Report period: August 2026
27312 Monthly Market Update – August 2026
ZIP 27312 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$610,000
−2.4%
Median DOM (Sales)
59
−6.3%
New Listings (Sales)
44
−55.6%
Median Rent
$1,700
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
402
+2.3%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Townhouse (8 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($1,190,000 median)
Sales Market Overview
Median Price
$610,000
−2.4%
Median DOM
59
−6.3%
New Listings
44
−55.6%
Inventory
400
−3.1%
- Average Price: $796,910
- Median Price: $610,000
- Price Range: $89,900 – $7,689,900
- Price per Sq Ft (Avg/Median): $297 / $271
- Square Footage (Avg/Median): 2,906 / 2,700
- Square Footage Range: 328 – 8,999
- Days on Market (Avg/Median): 88 / 59
- Days on Market Range: 2 – 360
- New Listings: 44
- Total Listings: 400
Sales by Property Type
Apartment
Avg/Median Price$1,100,000 / $1,100,000Range$1,100,000 – $1,100,000Price per Sq Ft$401 / $401Sq Ft2,740 / 2,740DOM127 / 127New0Total1
Condo
Avg/Median Price$439,500 / $439,500Range$439,500 – $439,500Price per Sq Ft$421 / $421Sq Ft1,045 / 1,045DOM—New0Total1
Land
Avg/Median Price$508,126 / $364,900Range$89,900 – $4,500,000Price per Sq Ft—Sq Ft—DOM153 / 150New4Total102
Manufactured
Avg/Median Price$246,633 / $289,900Range$150,000 – $300,000Price per Sq Ft$285 / $238Sq Ft1,135 / 1,261DOM61 / 46New0Total3
Multi-Family
Avg/Median Price$459,000 / $459,000Range$459,000 – $459,000Price per Sq Ft$313 / $313Sq Ft1,467 / 1,467DOM106 / 106New0Total1
Single Family
Avg/Median Price$1,007,374 / $825,000Range$90,000 – $7,689,900Price per Sq Ft$309 / $280Sq Ft3,176 / 3,092DOM79 / 56New22Total242
Townhouse
Avg/Median Price$408,249 / $405,000Range$250,000 – $550,000Price per Sq Ft$235 / $215Sq Ft1,775 / 1,757DOM29 / 8New18Total50
Sales by Bedroom Count
1 Beds
Avg:$529,833Median:$439,500Range:$150,000 – $1,000,000PSF:$616 / $457Sq Ft:801 / 1,030DOM:93 / 53New:0Total:3
2 Beds
Avg:$450,027Median:$459,000Range:$90,000 – $1,100,000PSF:$300 / $313Sq Ft:1,457 / 1,469DOM:43 / 10New:5Total:21
3 Beds
Avg:$597,252Median:$485,000Range:$275,000 – $3,500,000PSF:$264 / $240Sq Ft:2,194 / 2,052DOM:54 / 25New:23Total:117
4 Beds
Avg:$1,018,980Median:$950,000Range:$420,000 – $2,595,000PSF:$308 / $294Sq Ft:3,353 / 3,349DOM:79 / 56New:10Total:117
5 Beds
Avg:$1,743,579Median:$1,190,000Range:$689,999 – $7,689,900PSF:$349 / $290Sq Ft:4,588 / 4,249DOM:111 / 94New:2Total:36
6 Beds
Avg:$1,006,800Median:$899,000Range:$835,000 – $1,199,900PSF:$214 / $203Sq Ft:4,722 / 4,668DOM:154 / 70New:0Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $529,833 | $439,500 | $150,000 – $1,000,000 | $616 / $457 | 801 / 1,030 | 93 / 53 | 0 | 3 |
| 2 Beds | $450,027 | $459,000 | $90,000 – $1,100,000 | $300 / $313 | 1,457 / 1,469 | 43 / 10 | 5 | 21 |
| 3 Beds | $597,252 | $485,000 | $275,000 – $3,500,000 | $264 / $240 | 2,194 / 2,052 | 54 / 25 | 23 | 117 |
| 4 Beds | $1,018,980 | $950,000 | $420,000 – $2,595,000 | $308 / $294 | 3,353 / 3,349 | 79 / 56 | 10 | 117 |
| 5 Beds | $1,743,579 | $1,190,000 | $689,999 – $7,689,900 | $349 / $290 | 4,588 / 4,249 | 111 / 94 | 2 | 36 |
| 6 Beds | $1,006,800 | $899,000 | $835,000 – $1,199,900 | $214 / $203 | 4,722 / 4,668 | 154 / 70 | 0 | 4 |
Rental Market Overview
Median Rent
$1,700
0.0%
Median DOM
1
0.0%
New Listings
265
Inventory
402
+2.3%
- Average Rent: $1,729
- Median Rent: $1,700
- Rent Range: $975 – $4,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,078 / 1,065
- Square Footage Range: 300 – 5,000
- Days on Market (Avg/Median): 7 / 1
- Days on Market Range: 1 – 311
- New Listings: 265
- Total Listings: 402
Rentals by Property Type
Apartment
$1,700
Median DOM: 1
Inventory: 356
MoM: 0.0%
Condo
$2,500
Median DOM: 25
Inventory: 1
MoM: 0.0%
Single Family
$2,495
Median DOM: 13
Inventory: 40
MoM: 0.0%
Townhouse
$2,000
Median DOM: 25
Inventory: 5
MoM: 0.0%
Apartment
Avg/Median Rent$1,642 / $1,700Range$1,095 – $2,615Rent per Sq Ft$2 / $2Sq Ft978 / 1,065DOM4 / 1New258Total356
Condo
Avg/Median Rent$2,500 / $2,500Range$2,500 – $2,500Rent per Sq Ft$2 / $2Sq Ft1,244 / 1,244DOM25 / 25New0Total1
Single Family
Avg/Median Rent$2,442 / $2,495Range$975 – $4,500Rent per Sq Ft$1 / $1Sq Ft1,976 / 1,852DOM32 / 13New7Total40
Townhouse
Avg/Median Rent$2,099 / $2,000Range$1,800 – $2,500Rent per Sq Ft$1 / $1Sq Ft1,686 / 1,817DOM23 / 25New0Total5
Rentals by Bedroom Count
Studio
Avg:$1,420Median:$1,396Range:$1,265 – $1,541PSF:$2 / $2Sq Ft:615 / 615DOM:1 / 1New:2Total:5
1 Beds
Avg:$1,433Median:$1,440Range:$975 – $2,206PSF:$2 / $2Sq Ft:765 / 791DOM:6 / 1New:82Total:135
2 Beds
Avg:$1,727Median:$1,710Range:$1,100 – $2,615PSF:$2 / $2Sq Ft:1,094 / 1,065DOM:6 / 1New:145Total:195
3 Beds
Avg:$2,182Median:$2,100Range:$1,750 – $3,100PSF:$2 / $1Sq Ft:1,466 / 1,373DOM:9 / 1New:33Total:55
4 Beds
Avg:$2,916Median:$2,800Range:$2,450 – $4,000PSF:$1 / $1Sq Ft:2,460 / 2,399DOM:32 / 13New:2Total:9
5 Beds
Avg:$3,550Median:$3,500Range:$3,500 – $3,600PSF:$1 / $1Sq Ft:3,224 / 3,142DOM:4 / 1New:1Total:2
6 Beds
Avg:$4,500Median:$4,500Range:$4,500 – $4,500PSF:$1 / $1Sq Ft:5,000 / 5,000DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,420 | $1,396 | $1,265 – $1,541 | $2 / $2 | 615 / 615 | 1 / 1 | 2 | 5 |
| 1 Beds | $1,433 | $1,440 | $975 – $2,206 | $2 / $2 | 765 / 791 | 6 / 1 | 82 | 135 |
| 2 Beds | $1,727 | $1,710 | $1,100 – $2,615 | $2 / $2 | 1,094 / 1,065 | 6 / 1 | 145 | 195 |
| 3 Beds | $2,182 | $2,100 | $1,750 – $3,100 | $2 / $1 | 1,466 / 1,373 | 9 / 1 | 33 | 55 |
| 4 Beds | $2,916 | $2,800 | $2,450 – $4,000 | $1 / $1 | 2,460 / 2,399 | 32 / 13 | 2 | 9 |
| 5 Beds | $3,550 | $3,500 | $3,500 – $3,600 | $1 / $1 | 3,224 / 3,142 | 4 / 1 | 1 | 2 |
| 6 Beds | $4,500 | $4,500 | $4,500 – $4,500 | $1 / $1 | 5,000 / 5,000 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$600,000Median DOM:47New:99Total:347
Apr 2026
Median Price:$609,900Median DOM:48New:113Total:385
May 2026
Median Price:$609,900Median DOM:53New:101Total:402
Jun 2026
Median Price:$625,000Median DOM:62New:83Total:388
Jul 2026
Median Price:$625,000Median DOM:63New:99Total:413
Aug 2026
Median Price:$610,000Median DOM:59New:44Total:400
6-Month Rental Trend
Mar 2026
Median Rent:$1,700Median DOM:1New:309Total:377
Apr 2026
Median Rent:$1,700Median DOM:1New:327Total:398
May 2026
Median Rent:$1,700Median DOM:1New:322Total:410
Jun 2026
Median Rent:$1,700Median DOM:1New:325Total:405
Jul 2026
Median Rent:$1,700Median DOM:1New:317Total:393
Aug 2026
Median Rent:$1,700Median DOM:1New:265Total:402
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market declined, signaling improving 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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