ZIP 27502 Housing Market Report
Raleigh Metro
Report period: August 2026
27502 Monthly Market Update – August 2026
ZIP 27502 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$515,000
0.0%
Median DOM (Sales)
26
−10.3%
New Listings (Sales)
81
−38.2%
Median Rent
$1,850
−2.4%
Median DOM (Rental)
1
0.0%
Total Rental Listings
435
−3.1%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Manufactured (17 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($1,100,000 median)
Sales Market Overview
Median Price
$515,000
0.0%
Median DOM
26
−10.3%
New Listings
81
−38.2%
Inventory
430
+1.4%
- Average Price: $598,891
- Median Price: $515,000
- Price Range: $195,000 – $3,950,000
- Price per Sq Ft (Avg/Median): $244 / $236
- Square Footage (Avg/Median): 2,424 / 2,230
- Square Footage Range: 1,017 – 5,388
- Days on Market (Avg/Median): 47 / 26
- Days on Market Range: 1 – 318
- New Listings: 81
- Total Listings: 430
Sales by Property Type
Condo
Avg/Median Price$363,333 / $325,000Range$275,000 – $490,000Price per Sq Ft$285 / $270Sq Ft1,258 / 1,278DOM86 / 91New0Total3
Land
Avg/Median Price$1,007,143 / $450,000Range$245,000 – $3,950,000Price per Sq Ft—Sq Ft—DOM114 / 46New0Total7
Manufactured
Avg/Median Price$459,900 / $459,900Range$459,900 – $459,900Price per Sq Ft$273 / $273Sq Ft1,683 / 1,683DOM17 / 17New0Total1
Single Family
Avg/Median Price$716,435 / $674,000Range$195,000 – $1,890,000Price per Sq Ft$268 / $258Sq Ft2,709 / 2,579DOM41 / 27New25Total219
Townhouse
Avg/Median Price$460,119 / $460,990Range$299,000 – $614,999Price per Sq Ft$217 / $216Sq Ft2,132 / 2,202DOM52 / 21New56Total200
Sales by Bedroom Count
2 Beds
Avg:$325,082Median:$325,000Range:$195,000 – $490,000PSF:$255 / $241Sq Ft:1,287 / 1,354DOM:69 / 66New:0Total:17
3 Beds
Avg:$505,105Median:$475,000Range:$260,000 – $1,875,000PSF:$246 / $233Sq Ft:2,064 / 2,055DOM:52 / 36New:26Total:167
4 Beds
Avg:$598,784Median:$535,000Range:$395,000 – $1,890,000PSF:$239 / $237Sq Ft:2,475 / 2,278DOM:41 / 21New:43Total:174
5 Beds
Avg:$819,179Median:$739,999Range:$535,000 – $1,525,000PSF:$254 / $248Sq Ft:3,232 / 3,103DOM:40 / 20New:8Total:48
6 Beds
Avg:$999,062Median:$960,100Range:$729,900 – $1,749,500PSF:$234 / $224Sq Ft:4,268 / 4,276DOM:43 / 10New:4Total:16
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 |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $325,082 | $325,000 | $195,000 – $490,000 | $255 / $241 | 1,287 / 1,354 | 69 / 66 | 0 | 17 |
| 3 Beds | $505,105 | $475,000 | $260,000 – $1,875,000 | $246 / $233 | 2,064 / 2,055 | 52 / 36 | 26 | 167 |
| 4 Beds | $598,784 | $535,000 | $395,000 – $1,890,000 | $239 / $237 | 2,475 / 2,278 | 41 / 21 | 43 | 174 |
| 5 Beds | $819,179 | $739,999 | $535,000 – $1,525,000 | $254 / $248 | 3,232 / 3,103 | 40 / 20 | 8 | 48 |
| 6 Beds | $999,062 | $960,100 | $729,900 – $1,749,500 | $234 / $224 | 4,268 / 4,276 | 43 / 10 | 4 | 16 |
| 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
−2.4%
Median DOM
1
0.0%
New Listings
209
Inventory
435
−3.1%
- Average Rent: $1,937
- Median Rent: $1,850
- Rent Range: $600 – $7,200
- Rent per Sq Ft (Avg/Median): $2 / $1
- Square Footage (Avg/Median): 1,404 / 1,230
- Square Footage Range: 560 – 4,819
- Days on Market (Avg/Median): 13 / 1
- Days on Market Range: 1 – 336
- New Listings: 209
- Total Listings: 435
Rentals by Property Type
Apartment
$1,534
Median DOM: 1
Inventory: 281
MoM: −2.4%
Condo
$1,695
Median DOM: 1
Inventory: 2
MoM: −2.4%
Single Family
$2,495
Median DOM: 14
Inventory: 69
MoM: −2.4%
Townhouse
$2,250
Median DOM: 15
Inventory: 83
MoM: −2.4%
Apartment
Avg/Median Rent$1,653 / $1,534Range$1,167 – $2,838Rent per Sq Ft$2 / $2Sq Ft1,022 / 1,084DOM8 / 1New184Total281
Condo
Avg/Median Rent$1,948 / $1,695Range$1,695 – $2,200Rent per Sq Ft$1 / $1Sq Ft1,511 / 1,279DOM3 / 1New2Total2
Single Family
Avg/Median Rent$2,734 / $2,495Range$600 – $7,200Rent per Sq Ft$1 / $1Sq Ft2,331 / 2,115DOM21 / 14New13Total69
Townhouse
Avg/Median Rent$2,234 / $2,250Range$1,545 – $3,300Rent per Sq Ft$1 / $1Sq Ft2,018 / 2,070DOM24 / 15New10Total83
Rentals by Bedroom Count
Studio
Avg:$3,268Median:$4,000Range:$1,304 – $4,500PSF:$1 / $1Sq Ft:3,025 / 3,871DOM:105 / 14New:0Total:3
1 Beds
Avg:$1,377Median:$1,375Range:$600 – $1,637PSF:$2 / $2Sq Ft:786 / 726DOM:7 / 1New:83Total:122
2 Beds
Avg:$1,784Median:$1,800Range:$1,195 – $3,300PSF:$2 / $2Sq Ft:1,188 / 1,202DOM:9 / 1New:92Total:148
3 Beds
Avg:$2,234Median:$2,195Range:$1,620 – $5,500PSF:$1 / $1Sq Ft:1,782 / 1,733DOM:20 / 9New:25Total:94
4 Beds
Avg:$2,535Median:$2,395Range:$1,995 – $5,200PSF:$1 / $1Sq Ft:2,263 / 2,200DOM:18 / 15New:7Total:55
5 Beds
Avg:$3,931Median:$3,195Range:$2,949 – $7,200PSF:$1 / $1Sq Ft:3,357 / 3,000DOM:27 / 11New:2Total:12
6 Beds
Avg:$3,995Median:$3,995Range:$3,995 – $3,995PSF:$1 / $1Sq Ft:3,856 / 3,856DOM:32 / 32New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $3,268 | $4,000 | $1,304 – $4,500 | $1 / $1 | 3,025 / 3,871 | 105 / 14 | 0 | 3 |
| 1 Beds | $1,377 | $1,375 | $600 – $1,637 | $2 / $2 | 786 / 726 | 7 / 1 | 83 | 122 |
| 2 Beds | $1,784 | $1,800 | $1,195 – $3,300 | $2 / $2 | 1,188 / 1,202 | 9 / 1 | 92 | 148 |
| 3 Beds | $2,234 | $2,195 | $1,620 – $5,500 | $1 / $1 | 1,782 / 1,733 | 20 / 9 | 25 | 94 |
| 4 Beds | $2,535 | $2,395 | $1,995 – $5,200 | $1 / $1 | 2,263 / 2,200 | 18 / 15 | 7 | 55 |
| 5 Beds | $3,931 | $3,195 | $2,949 – $7,200 | $1 / $1 | 3,357 / 3,000 | 27 / 11 | 2 | 12 |
| 6 Beds | $3,995 | $3,995 | $3,995 – $3,995 | $1 / $1 | 3,856 / 3,856 | 32 / 32 | 0 | 1 |
6-Month Sales Trend
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:$515,000Median DOM:29New:131Total:424
Aug 2026
Median Price:$515,000Median DOM:26New:81Total:430
6-Month Rental Trend
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:$1,895Median DOM:1New:290Total:449
Aug 2026
Median Rent:$1,850Median DOM:1New:209Total:435
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. Days on market declined, signaling improving 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.
272072720827231272432725227256272782731227344275022750327504275082751027511275122751327514275152751627517275182751927520275232752427525275262752727529+50 more
← Back to Raleigh Metro