ZIP 27312 Housing Market Report
Raleigh Metro
Report period: July 2026
27312 Monthly Market Update – July 2026
ZIP 27312 · Last updated Jul 11, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$625,000
0.0%
Median DOM (Sales)
68
+9.7%
New Listings (Sales)
37
−55.4%
Median Rent
$1,700
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
412
+1.7%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Multi-Family (5 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($1,250,000 median)
Sales Market Overview
Median Price
$625,000
0.0%
Median DOM
68
+9.7%
New Listings
37
−55.4%
Inventory
385
−0.8%
- Average Price: $814,200
- Median Price: $625,000
- Price Range: $99,900 – $7,689,900
- Price per Sq Ft (Avg/Median): $304 / $274
- Square Footage (Avg/Median): 2,928 / 2,699
- Square Footage Range: 328 – 8,999
- Days on Market (Avg/Median): 97 / 68
- Days on Market Range: 2 – 364
- New Listings: 37
- Total Listings: 385
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 / 2,740DOM97 / 97New0Total1
Condo
Avg/Median Price$392,250 / $345,000Range$345,000 – $439,500Price per Sq Ft$407 / $393Sq Ft961 / 877DOM244 / 244New0Total2
Land
Avg/Median Price$493,294 / $350,000Range$99,900 – $4,500,000Price per Sq Ft—Sq Ft—DOM167 / 153New1Total96
Manufactured
Avg/Median Price$318,467 / $299,900Range$150,000 – $550,000Price per Sq Ft$264 / $187Sq Ft1,422 / 1,400DOM29 / 12New0Total6
Multi-Family
Avg/Median Price$577,000 / $459,000Range$459,000 – $695,000Price per Sq Ft$340 / $313Sq Ft1,680 / 1,467DOM56 / 5New0Total2
Single Family
Avg/Median Price$1,018,854 / $835,000Range$100,000 – $7,689,900Price per Sq Ft$312 / $281Sq Ft3,171 / 3,109DOM84 / 57New21Total241
Townhouse
Avg/Median Price$422,096 / $429,990Range$250,000 – $550,000Price per Sq Ft$245 / $239Sq Ft1,770 / 1,739DOM42 / 9New15Total37
Sales by Bedroom Count
1 Beds
Avg:$533,625Median:$345,000Range:$150,000 – $1,200,000PSF:$609 / $421Sq Ft:820 / 877DOM:109 / 60New:0Total:4
2 Beds
Avg:$471,279Median:$459,000Range:$100,000 – $1,100,000PSF:$303 / $296Sq Ft:1,519 / 1,469DOM:28 / 10New:9Total:25
3 Beds
Avg:$605,328Median:$499,900Range:$165,000 – $3,500,000PSF:$267 / $249Sq Ft:2,206 / 2,077DOM:59 / 39New:17Total:112
4 Beds
Avg:$1,084,799Median:$990,000Range:$420,000 – $2,275,000PSF:$319 / $302Sq Ft:3,450 / 3,494DOM:90 / 79New:9Total:109
5 Beds
Avg:$1,775,118Median:$1,250,000Range:$689,999 – $7,689,900PSF:$350 / $281Sq Ft:4,657 / 4,397DOM:133 / 91New:1Total:35
6 Beds
Avg:$1,006,300Median:$897,000Range:$835,000 – $1,199,900PSF:$214 / $203Sq Ft:4,722 / 4,668DOM:132 / 56New:0Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $533,625 | $345,000 | $150,000 – $1,200,000 | $609 / $421 | 820 / 877 | 109 / 60 | 0 | 4 |
| 2 Beds | $471,279 | $459,000 | $100,000 – $1,100,000 | $303 / $296 | 1,519 / 1,469 | 28 / 10 | 9 | 25 |
| 3 Beds | $605,328 | $499,900 | $165,000 – $3,500,000 | $267 / $249 | 2,206 / 2,077 | 59 / 39 | 17 | 112 |
| 4 Beds | $1,084,799 | $990,000 | $420,000 – $2,275,000 | $319 / $302 | 3,450 / 3,494 | 90 / 79 | 9 | 109 |
| 5 Beds | $1,775,118 | $1,250,000 | $689,999 – $7,689,900 | $350 / $281 | 4,657 / 4,397 | 133 / 91 | 1 | 35 |
| 6 Beds | $1,006,300 | $897,000 | $835,000 – $1,199,900 | $214 / $203 | 4,722 / 4,668 | 132 / 56 | 0 | 4 |
Rental Market Overview
Median Rent
$1,700
0.0%
Median DOM
1
0.0%
New Listings
284
Inventory
412
+1.7%
- Average Rent: $1,740
- Median Rent: $1,700
- Rent Range: $975 – $4,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,083 / 1,065
- Square Footage Range: 300 – 5,000
- Days on Market (Avg/Median): 8 / 1
- Days on Market Range: 1 – 342
- New Listings: 284
- Total Listings: 412
Rentals by Property Type
Apartment
$1,700
Median DOM: 1
Inventory: 361
MoM: 0.0%
Condo
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
$2,395
Median DOM: 4
Inventory: 44
MoM: 0.0%
Townhouse
$2,295
Median DOM: 1
Inventory: 6
MoM: 0.0%
Apartment
Avg/Median Rent$1,646 / $1,700Range$995 – $2,615Rent per Sq Ft$2 / $2Sq Ft979 / 1,065DOM6 / 1New270Total361
Multi-Family
Avg/Median Rent$1,500 / $1,500Range$1,500 – $1,500Rent per Sq Ft$1 / $1Sq Ft1,264 / 1,264DOM80 / 80New0Total1
Single Family
Avg/Median Rent$2,440 / $2,395Range$975 – $4,500Rent per Sq Ft$1 / $1Sq Ft1,904 / 1,680DOM20 / 4New11Total44
Townhouse
Avg/Median Rent$2,332 / $2,295Range$1,995 – $3,000Rent per Sq Ft$1 / $1Sq Ft1,793 / 1,817DOM12 / 1New3Total6
Rentals by Bedroom Count
Studio
Avg:$1,460Median:$1,476Range:$1,280 – $1,566PSF:$2 / $2Sq Ft:615 / 615DOM:1 / 1New:3Total:6
1 Beds
Avg:$1,436Median:$1,440Range:$975 – $2,205PSF:$2 / $2Sq Ft:765 / 791DOM:9 / 1New:93Total:136
2 Beds
Avg:$1,713Median:$1,710Range:$1,150 – $2,615PSF:$2 / $2Sq Ft:1,090 / 1,065DOM:6 / 1New:152Total:195
3 Beds
Avg:$2,197Median:$2,110Range:$1,800 – $3,100PSF:$2 / $2Sq Ft:1,463 / 1,373DOM:9 / 1New:35Total:63
4 Beds
Avg:$3,261Median:$3,250Range:$1,900 – $4,000PSF:$1 / $1Sq Ft:2,511 / 2,744DOM:31 / 2New:1Total:9
5 Beds
Avg:$3,348Median:$3,095Range:$3,095 – $3,600PSF:$1 / $1Sq Ft:3,071 / 3,000DOM:1 / 1New:0Total: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 | $1,460 | $1,476 | $1,280 – $1,566 | $2 / $2 | 615 / 615 | 1 / 1 | 3 | 6 |
| 1 Beds | $1,436 | $1,440 | $975 – $2,205 | $2 / $2 | 765 / 791 | 9 / 1 | 93 | 136 |
| 2 Beds | $1,713 | $1,710 | $1,150 – $2,615 | $2 / $2 | 1,090 / 1,065 | 6 / 1 | 152 | 195 |
| 3 Beds | $2,197 | $2,110 | $1,800 – $3,100 | $2 / $2 | 1,463 / 1,373 | 9 / 1 | 35 | 63 |
| 4 Beds | $3,261 | $3,250 | $1,900 – $4,000 | $1 / $1 | 2,511 / 2,744 | 31 / 2 | 1 | 9 |
| 5 Beds | $3,348 | $3,095 | $3,095 – $3,600 | $1 / $1 | 3,071 / 3,000 | 1 / 1 | 0 | 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
Feb 2026
Median Price:$600,000Median DOM:66New:96Total:332
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:68New:37Total:385
6-Month Rental Trend
Feb 2026
Median Rent:$1,700Median DOM:1New:301Total:358
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:284Total:412
Key Market Takeaways
Median sale prices held steady 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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