ZIP 27502 Housing Market Report
Raleigh Metro
Report period: July 2026
27502 Monthly Market Update – July 2026
ZIP 27502 · Last updated Jul 10, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$525,000
−1.9%
Median DOM (Sales)
28
+40.0%
New Listings (Sales)
54
−66.5%
Median Rent
$1,850
−2.1%
Median DOM (Rental)
1
0.0%
Total Rental Listings
491
−1.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Condo (23 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($1,100,000 median)
Sales Market Overview
Median Price
$525,000
−1.9%
Median DOM
28
+40.0%
New Listings
54
−66.5%
Inventory
419
−2.3%
- Average Price: $601,844
- Median Price: $525,000
- Price Range: $160,000 – $3,950,000
- Price per Sq Ft (Avg/Median): $243 / $237
- Square Footage (Avg/Median): 2,445 / 2,241
- Square Footage Range: 1,017 – 5,388
- Days on Market (Avg/Median): 49 / 28
- Days on Market Range: 1 – 356
- New Listings: 54
- Total Listings: 419
Sales by Property Type
Condo
Avg/Median Price$389,833 / $320,000Range$275,000 – $575,000Price per Sq Ft$252 / $242Sq Ft1,550 / 1,380DOM48 / 23New0Total6
Land
Avg/Median Price$967,140 / $425,000Range$160,000 – $3,950,000Price per Sq Ft—Sq Ft—DOM107 / 105New0Total7
Single Family
Avg/Median Price$720,475 / $674,990Range$220,000 – $1,975,000Price per Sq Ft$265 / $256Sq Ft2,755 / 2,635DOM42 / 28New18Total218
Townhouse
Avg/Median Price$457,446 / $460,255Range$289,900 – $675,000Price per Sq Ft$218 / $219Sq Ft2,114 / 2,185DOM54 / 27New36Total188
Sales by Bedroom Count
Studio
Avg:$399,900Median:$399,900Range:$399,900 – $399,900PSF:$170 / $170Sq Ft:2,354 / 2,354DOM:49 / 49New:0Total:1
2 Beds
Avg:$335,788Median:$330,000Range:$220,000 – $525,000PSF:$249 / $241Sq Ft:1,373 / 1,354DOM:60 / 53New:0Total:17
3 Beds
Avg:$495,033Median:$482,605Range:$260,000 – $1,975,000PSF:$244 / $234Sq Ft:2,040 / 2,045DOM:54 / 29New:22Total:177
4 Beds
Avg:$614,145Median:$585,000Range:$395,000 – $1,900,000PSF:$242 / $243Sq Ft:2,514 / 2,384DOM:43 / 28New:25Total:149
5 Beds
Avg:$844,429Median:$775,000Range:$535,000 – $1,775,000PSF:$250 / $243Sq Ft:3,376 / 3,228DOM:40 / 22New:4Total:49
6 Beds
Avg:$982,707Median:$960,100Range:$749,900 – $1,749,500PSF:$233 / $225Sq Ft:4,228 / 4,276DOM:34 / 9New:3Total:18
8 Beds
Avg:$1,100,000Median:$1,100,000Range:$1,100,000 – $1,100,000PSF:$243 / $243Sq Ft:4,518 / 4,518DOM:105 / 105New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $399,900 | $399,900 | $399,900 – $399,900 | $170 / $170 | 2,354 / 2,354 | 49 / 49 | 0 | 1 |
| 2 Beds | $335,788 | $330,000 | $220,000 – $525,000 | $249 / $241 | 1,373 / 1,354 | 60 / 53 | 0 | 17 |
| 3 Beds | $495,033 | $482,605 | $260,000 – $1,975,000 | $244 / $234 | 2,040 / 2,045 | 54 / 29 | 22 | 177 |
| 4 Beds | $614,145 | $585,000 | $395,000 – $1,900,000 | $242 / $243 | 2,514 / 2,384 | 43 / 28 | 25 | 149 |
| 5 Beds | $844,429 | $775,000 | $535,000 – $1,775,000 | $250 / $243 | 3,376 / 3,228 | 40 / 22 | 4 | 49 |
| 6 Beds | $982,707 | $960,100 | $749,900 – $1,749,500 | $233 / $225 | 4,228 / 4,276 | 34 / 9 | 3 | 18 |
| 8 Beds | $1,100,000 | $1,100,000 | $1,100,000 – $1,100,000 | $243 / $243 | 4,518 / 4,518 | 105 / 105 | 0 | 1 |
Rental Market Overview
Median Rent
$1,850
−2.1%
Median DOM
1
0.0%
New Listings
246
Inventory
491
−1.0%
- Average Rent: $1,932
- Median Rent: $1,850
- Rent Range: $600 – $7,200
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,386 / 1,220
- Square Footage Range: 560 – 5,393
- Days on Market (Avg/Median): 12 / 1
- Days on Market Range: 1 – 346
- New Listings: 246
- Total Listings: 491
Rentals by Property Type
Apartment
$1,593
Median DOM: 1
Inventory: 317
MoM: −2.1%
Condo
—
Median DOM: —
Inventory: —
MoM: −2.1%
Single Family
$2,500
Median DOM: 6
Inventory: 73
MoM: −2.1%
Townhouse
$2,245
Median DOM: 14
Inventory: 101
MoM: −2.1%
Apartment
Avg/Median Rent$1,665 / $1,593Range$1,102 – $2,976Rent per Sq Ft$2 / $2Sq Ft1,010 / 1,060DOM7 / 1New214Total317
Single Family
Avg/Median Rent$2,710 / $2,500Range$600 – $7,200Rent per Sq Ft$1 / $1Sq Ft2,377 / 2,115DOM18 / 6New20Total73
Townhouse
Avg/Median Rent$2,209 / $2,245Range$1,545 – $3,300Rent per Sq Ft$1 / $1Sq Ft1,956 / 2,000DOM22 / 14New12Total101
Rentals by Bedroom Count
Studio
Avg:$2,820Median:$1,475Range:$1,303 – $4,500PSF:$2 / $1Sq Ft:2,410 / 580DOM:74 / 8New:1Total:4
1 Beds
Avg:$1,374Median:$1,360Range:$600 – $1,919PSF:$2 / $2Sq Ft:775 / 726DOM:7 / 1New:96Total:141
2 Beds
Avg:$1,827Median:$1,845Range:$1,150 – $3,300PSF:$2 / $2Sq Ft:1,187 / 1,182DOM:7 / 1New:106Total:166
3 Beds
Avg:$2,226Median:$2,195Range:$1,620 – $5,500PSF:$1 / $1Sq Ft:1,791 / 1,733DOM:18 / 10New:27Total:115
4 Beds
Avg:$2,602Median:$2,495Range:$1,995 – $5,200PSF:$1 / $1Sq Ft:2,334 / 2,261DOM:15 / 8New:12Total:48
5 Beds
Avg:$3,411Median:$3,045Range:$2,095 – $7,200PSF:$1 / $1Sq Ft:3,190 / 3,100DOM:27 / 19New:3Total:15
6 Beds
Avg:$3,995Median:$3,995Range:$3,995 – $3,995PSF:$1 / $1Sq Ft:3,856 / 3,856DOM:1 / 1New:1Total:1
7 Beds
Avg:$4,495Median:$4,495Range:$4,495 – $4,495PSF:$1 / $1Sq Ft:5,393 / 5,393DOM:25 / 25New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $2,820 | $1,475 | $1,303 – $4,500 | $2 / $1 | 2,410 / 580 | 74 / 8 | 1 | 4 |
| 1 Beds | $1,374 | $1,360 | $600 – $1,919 | $2 / $2 | 775 / 726 | 7 / 1 | 96 | 141 |
| 2 Beds | $1,827 | $1,845 | $1,150 – $3,300 | $2 / $2 | 1,187 / 1,182 | 7 / 1 | 106 | 166 |
| 3 Beds | $2,226 | $2,195 | $1,620 – $5,500 | $1 / $1 | 1,791 / 1,733 | 18 / 10 | 27 | 115 |
| 4 Beds | $2,602 | $2,495 | $1,995 – $5,200 | $1 / $1 | 2,334 / 2,261 | 15 / 8 | 12 | 48 |
| 5 Beds | $3,411 | $3,045 | $2,095 – $7,200 | $1 / $1 | 3,190 / 3,100 | 27 / 19 | 3 | 15 |
| 6 Beds | $3,995 | $3,995 | $3,995 – $3,995 | $1 / $1 | 3,856 / 3,856 | 1 / 1 | 1 | 1 |
| 7 Beds | $4,495 | $4,495 | $4,495 – $4,495 | $1 / $1 | 5,393 / 5,393 | 25 / 25 | 0 | 1 |
6-Month Sales Trend
Feb 2026
Median Price:$525,000Median DOM:20New:118Total:316
Mar 2026
Median Price:$520,000Median DOM:18New:183Total:362
Apr 2026
Median Price:$535,000Median DOM:17New:153Total:399
May 2026
Median Price:$540,000Median DOM:19New:163Total:419
Jun 2026
Median Price:$534,900Median DOM:20New:161Total:429
Jul 2026
Median Price:$525,000Median DOM:28New:54Total:419
6-Month Rental Trend
Feb 2026
Median Rent:$1,940Median DOM:1New:244Total:389
Mar 2026
Median Rent:$1,965Median DOM:1New:290Total:434
Apr 2026
Median Rent:$1,950Median DOM:1New:350Total:481
May 2026
Median Rent:$1,895Median DOM:1New:363Total:501
Jun 2026
Median Rent:$1,889Median DOM:1New:325Total:496
Jul 2026
Median Rent:$1,850Median DOM:1New:246Total:491
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 tightened.
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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