ZIP 27504 Housing Market Report
Raleigh Metro
Report period: August 2026
27504 Monthly Market Update – August 2026
ZIP 27504 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$360,000
−0.7%
Median DOM (Sales)
48
+9.1%
New Listings (Sales)
16
−61.0%
Median Rent
$1,795
0.0%
Median DOM (Rental)
12
−55.6%
Total Rental Listings
40
0.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents were stable.
What's Moving Fastest
- Fastest selling: Manufactured (8 DOM)
- Fastest renting: Apartment (7 DOM)
- Strongest bedroom: 6 Beds ($480,000 median)
Sales Market Overview
Median Price
$360,000
−0.7%
Median DOM
48
+9.1%
New Listings
16
−61.0%
Inventory
264
+1.5%
- Average Price: $388,386
- Median Price: $360,000
- Price Range: $40,000 – $2,400,000
- Price per Sq Ft (Avg/Median): $187 / $185
- Square Footage (Avg/Median): 2,189 / 2,203
- Square Footage Range: 841 – 7,683
- Days on Market (Avg/Median): 72 / 48
- Days on Market Range: 2 – 363
- New Listings: 16
- Total Listings: 264
Sales by Property Type
Land
Avg/Median Price$324,633 / $139,500Range$40,000 – $2,400,000Price per Sq Ft—Sq Ft—DOM66 / 53New1Total30
Manufactured
Avg/Median Price$221,600 / $235,000Range$159,900 – $269,900Price per Sq Ft$160 / $155Sq Ft1,383 / 1,336DOM63 / 8New0Total3
Single Family
Avg/Median Price$398,832 / $370,000Range$65,000 – $1,195,000Price per Sq Ft$187 / $185Sq Ft2,199 / 2,203DOM73 / 47New15Total231
Sales by Bedroom Count
2 Beds
Avg:$297,473Median:$299,999Range:$65,000 – $390,000PSF:$187 / $202Sq Ft:1,642 / 1,560DOM:57 / 35New:3Total:11
3 Beds
Avg:$366,545Median:$339,500Range:$159,900 – $1,090,000PSF:$201 / $193Sq Ft:1,840 / 1,679DOM:78 / 45New:7Total:118
4 Beds
Avg:$429,166Median:$425,000Range:$264,000 – $699,900PSF:$175 / $171Sq Ft:2,480 / 2,438DOM:69 / 45New:3Total:76
5 Beds
Avg:$470,495Median:$449,900Range:$339,990 – $1,195,000PSF:$160 / $161Sq Ft:3,050 / 3,000DOM:73 / 54New:2Total:28
6 Beds
Avg:$480,000Median:$480,000Range:$480,000 – $480,000PSF:$155 / $155Sq Ft:3,105 / 3,105DOM:67 / 67New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $297,473 | $299,999 | $65,000 – $390,000 | $187 / $202 | 1,642 / 1,560 | 57 / 35 | 3 | 11 |
| 3 Beds | $366,545 | $339,500 | $159,900 – $1,090,000 | $201 / $193 | 1,840 / 1,679 | 78 / 45 | 7 | 118 |
| 4 Beds | $429,166 | $425,000 | $264,000 – $699,900 | $175 / $171 | 2,480 / 2,438 | 69 / 45 | 3 | 76 |
| 5 Beds | $470,495 | $449,900 | $339,990 – $1,195,000 | $160 / $161 | 3,050 / 3,000 | 73 / 54 | 2 | 28 |
| 6 Beds | $480,000 | $480,000 | $480,000 – $480,000 | $155 / $155 | 3,105 / 3,105 | 67 / 67 | 0 | 1 |
Rental Market Overview
Median Rent
$1,795
0.0%
Median DOM
12
−55.6%
New Listings
10
Inventory
40
0.0%
- Average Rent: $1,661
- Median Rent: $1,795
- Rent Range: $840 – $2,350
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,531 / 1,584
- Square Footage Range: 667 – 2,636
- Days on Market (Avg/Median): 35 / 12
- Days on Market Range: 1 – 174
- New Listings: 10
- Total Listings: 40
Rentals by Property Type
Apartment
$840
Median DOM: 7
Inventory: 2
MoM: 0.0%
Condo
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
$1,679
Median DOM: 9
Inventory: 27
MoM: 0.0%
Townhouse
$1,800
Median DOM: 70
Inventory: 11
MoM: 0.0%
Apartment
Avg/Median Rent$895 / $840Range$840 – $950Rent per Sq Ft$1 / $1Sq Ft702 / 667DOM10 / 7New1Total2
Single Family
Avg/Median Rent$1,666 / $1,679Range$950 – $2,350Rent per Sq Ft$1 / $1Sq Ft1,579 / 1,409DOM21 / 9New6Total27
Townhouse
Avg/Median Rent$1,786 / $1,800Range$1,250 – $2,000Rent per Sq Ft$1 / $1Sq Ft1,597 / 1,615DOM68 / 70New3Total11
Rentals by Bedroom Count
1 Beds
Avg:$913Median:$950Range:$840 – $950PSF:$1 / $1Sq Ft:702 / 667DOM:7 / 7New:1Total:3
2 Beds
Avg:$1,179Median:$1,150Range:$1,150 – $1,250PSF:$1 / $1Sq Ft:850 / 850DOM:21 / 9New:2Total:5
3 Beds
Avg:$1,761Median:$1,800Range:$1,350 – $2,200PSF:$1 / $1Sq Ft:1,522 / 1,584DOM:44 / 36New:5Total:29
4 Beds
Avg:$2,245Median:$2,336Range:$2,049 – $2,350PSF:$1 / $1Sq Ft:2,391 / 2,623DOM:6 / 1New:2Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $913 | $950 | $840 – $950 | $1 / $1 | 702 / 667 | 7 / 7 | 1 | 3 |
| 2 Beds | $1,179 | $1,150 | $1,150 – $1,250 | $1 / $1 | 850 / 850 | 21 / 9 | 2 | 5 |
| 3 Beds | $1,761 | $1,800 | $1,350 – $2,200 | $1 / $1 | 1,522 / 1,584 | 44 / 36 | 5 | 29 |
| 4 Beds | $2,245 | $2,336 | $2,049 – $2,350 | $1 / $1 | 2,391 / 2,623 | 6 / 1 | 2 | 3 |
6-Month Sales Trend
Mar 2026
Median Price:$374,900Median DOM:46New:62Total:229
Apr 2026
Median Price:$379,900Median DOM:38New:60Total:242
May 2026
Median Price:$378,900Median DOM:36New:66Total:248
Jun 2026
Median Price:$362,000Median DOM:35New:96Total:294
Jul 2026
Median Price:$362,500Median DOM:44New:41Total:260
Aug 2026
Median Price:$360,000Median DOM:48New:16Total:264
6-Month Rental Trend
Mar 2026
Median Rent:$1,729Median DOM:10New:19Total:39
Apr 2026
Median Rent:$1,800Median DOM:22New:19Total:44
May 2026
Median Rent:$1,800Median DOM:18New:18Total:48
Jun 2026
Median Rent:$1,800Median DOM:20New:18Total:41
Jul 2026
Median Rent:$1,795Median DOM:27New:13Total:40
Aug 2026
Median Rent:$1,795Median DOM:12New:10Total:40
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing remained stable, while total rental inventory was flat.
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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