ZIP 27508 Housing Market Report
Raleigh Metro
Report period: August 2026
27508 Monthly Market Update – August 2026
ZIP 27508 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$1,520,000
0.0%
Median DOM (Sales)
61
+19.6%
New Listings (Sales)
0
−100.0%
Median Rent
$1,100
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
2
0.0%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents were stable.
What's Moving Fastest
- Fastest selling: Land (46 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 2 Beds ($162,000 median)
Sales Market Overview
Median Price
$1,520,000
0.0%
Median DOM
61
+19.6%
New Listings
0
−100.0%
Inventory
9
0.0%
- Average Price: $1,324,111
- Median Price: $1,520,000
- Price Range: $115,000 – $2,700,000
- Price per Sq Ft (Avg/Median): $192 / $192
- Square Footage (Avg/Median): 845 / 845
- Square Footage Range: 845 – 845
- Days on Market (Avg/Median): 89 / 61
- Days on Market Range: 40 – 264
- New Listings: 0
- Total Listings: 9
Sales by Property Type
Land
Avg/Median Price$1,469,375 / $1,520,000Range$115,000 – $2,700,000Price per Sq Ft—Sq Ft—DOM84 / 46New0Total8
Single Family
Avg/Median Price$162,000 / $162,000Range$162,000 – $162,000Price per Sq Ft$192 / $192Sq Ft845 / 845DOM123 / 123New0Total1
Sales by Bedroom Count
2 Beds
Avg:$162,000Median:$162,000Range:$162,000 – $162,000PSF:$192 / $192Sq Ft:845 / 845DOM:123 / 123New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $162,000 | $162,000 | $162,000 – $162,000 | $192 / $192 | 845 / 845 | 123 / 123 | 0 | 1 |
Rental Market Overview
Median Rent
$1,100
0.0%
Median DOM
1
0.0%
New Listings
0
Inventory
2
0.0%
- Average Rent: $1,225
- Median Rent: $1,100
- Rent Range: $1,100 – $1,350
- Rent per Sq Ft (Avg/Median): —
- Square Footage (Avg/Median): —
- Square Footage Range: —
- Days on Market (Avg/Median): 8 / 1
- Days on Market Range: 1 – 15
- New Listings: 0
- Total Listings: 2
Rentals by Property Type
Apartment
$1,350
Median DOM: 1
Inventory: 1
MoM: 0.0%
Condo
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
$1,100
Median DOM: 15
Inventory: 1
MoM: 0.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: 0.0%
Apartment
Avg/Median Rent$1,350 / $1,350Range$1,350 – $1,350Rent per Sq Ft—Sq Ft—DOM1 / 1New0Total1
Single Family
Avg/Median Rent$1,100 / $1,100Range$1,100 – $1,100Rent per Sq Ft—Sq Ft—DOM15 / 15New0Total1
Rentals by Bedroom Count
2 Beds
Avg:$1,225Median:$1,100Range:$1,100 – $1,350PSF:—Sq Ft:—DOM:8 / 1New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $1,225 | $1,100 | $1,100 – $1,350 | — | — | 8 / 1 | 0 | 2 |
6-Month Sales Trend
Mar 2026
Median Price:$198,000Median DOM:132New:2Total:5
Apr 2026
Median Price:$135,000Median DOM:12New:3Total:8
May 2026
Median Price:$169,999Median DOM:40New:1Total:7
Jun 2026
Median Price:$1,400,000Median DOM:20New:6Total:11
Jul 2026
Median Price:$1,520,000Median DOM:51New:1Total:9
Aug 2026
Median Price:$1,520,000Median DOM:61New:0Total:9
6-Month Rental Trend
Mar 2026
Median Rent:$1,200Median DOM:22New:1Total:3
Apr 2026
Median Rent:$1,200Median DOM:10New:2Total:3
May 2026
Median Rent:$1,200Median DOM:10New:0Total:3
Jun 2026
Median Rent:$1,100Median DOM:1New:2Total:2
Jul 2026
Median Rent:$1,100Median DOM:1New:1Total:2
Aug 2026
Median Rent:$1,100Median DOM:1New:0Total:2
Key Market Takeaways
Median sale prices held steady this month while inventory remained stable. 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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