ZIP 27511 Housing Market Report
Raleigh Metro
Report period: July 2026
27511 Monthly Market Update – July 2026
ZIP 27511 · Last updated Jul 12, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$550,000
−4.3%
Median DOM (Sales)
31
−6.1%
New Listings (Sales)
22
−61.4%
Median Rent
$1,577
−0.2%
Median DOM (Rental)
1
0.0%
Total Rental Listings
355
+4.1%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Condo (21 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($2,200,000 median)
Sales Market Overview
Median Price
$550,000
−4.3%
Median DOM
31
−6.1%
New Listings
22
−61.4%
Inventory
187
−2.1%
- Average Price: $709,174
- Median Price: $550,000
- Price Range: $208,000 – $3,900,000
- Price per Sq Ft (Avg/Median): $309 / $279
- Square Footage (Avg/Median): 2,224 / 1,895
- Square Footage Range: 754 – 12,658
- Days on Market (Avg/Median): 55 / 31
- Days on Market Range: 1 – 351
- New Listings: 22
- Total Listings: 187
Sales by Property Type
Condo
Avg/Median Price$529,319 / $550,000Range$220,000 – $875,490Price per Sq Ft$327 / $321Sq Ft1,616 / 1,577DOM42 / 21New5Total26
Land
Avg/Median Price$811,182 / $599,000Range$224,000 – $2,495,000Price per Sq Ft—Sq Ft—DOM118 / 83New2Total11
Multi-Family
Avg/Median Price$679,167 / $622,500Range$615,000 – $800,000Price per Sq Ft$324 / $250Sq Ft2,244 / 2,456DOM63 / 56New1Total3
Single Family
Avg/Median Price$856,353 / $600,000Range$275,000 – $3,900,000Price per Sq Ft$332 / $285Sq Ft2,575 / 2,187DOM55 / 24New9Total106
Townhouse
Avg/Median Price$417,548 / $335,000Range$208,000 – $2,390,000Price per Sq Ft$237 / $232Sq Ft1,700 / 1,400DOM44 / 37New5Total41
Sales by Bedroom Count
2 Beds
Avg:$385,052Median:$300,000Range:$208,000 – $849,900PSF:$327 / $277Sq Ft:1,222 / 1,194DOM:44 / 27New:7Total:40
3 Beds
Avg:$525,760Median:$479,900Range:$250,000 – $1,015,000PSF:$302 / $286Sq Ft:1,757 / 1,662DOM:40 / 24New:9Total:65
4 Beds
Avg:$784,019Median:$640,000Range:$369,000 – $2,550,000PSF:$279 / $262Sq Ft:2,720 / 2,524DOM:52 / 20New:3Total:53
5 Beds
Avg:$1,653,944Median:$1,599,900Range:$574,900 – $3,880,000PSF:$381 / $330Sq Ft:4,173 / 4,097DOM:96 / 79New:1Total:16
6 Beds
Avg:$3,050,000Median:$2,200,000Range:$2,200,000 – $3,900,000PSF:$388 / $308Sq Ft:8,679 / 4,700DOM:142 / 123New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $385,052 | $300,000 | $208,000 – $849,900 | $327 / $277 | 1,222 / 1,194 | 44 / 27 | 7 | 40 |
| 3 Beds | $525,760 | $479,900 | $250,000 – $1,015,000 | $302 / $286 | 1,757 / 1,662 | 40 / 24 | 9 | 65 |
| 4 Beds | $784,019 | $640,000 | $369,000 – $2,550,000 | $279 / $262 | 2,720 / 2,524 | 52 / 20 | 3 | 53 |
| 5 Beds | $1,653,944 | $1,599,900 | $574,900 – $3,880,000 | $381 / $330 | 4,173 / 4,097 | 96 / 79 | 1 | 16 |
| 6 Beds | $3,050,000 | $2,200,000 | $2,200,000 – $3,900,000 | $388 / $308 | 8,679 / 4,700 | 142 / 123 | 0 | 2 |
Rental Market Overview
Median Rent
$1,577
−0.2%
Median DOM
1
0.0%
New Listings
173
Inventory
355
+4.1%
- Average Rent: $1,798
- Median Rent: $1,577
- Rent Range: $1,060 – $7,183
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,014 / 987
- Square Footage Range: 500 – 3,185
- Days on Market (Avg/Median): 12 / 1
- Days on Market Range: 1 – 247
- New Listings: 173
- Total Listings: 355
Rentals by Property Type
Apartment
$1,533
Median DOM: 1
Inventory: 290
MoM: −0.2%
Condo
$1,795
Median DOM: 1
Inventory: 3
MoM: −0.2%
Single Family
$2,195
Median DOM: 14
Inventory: 31
MoM: −0.2%
Townhouse
$1,695
Median DOM: 21
Inventory: 28
MoM: −0.2%
Apartment
Avg/Median Rent$1,730 / $1,533Range$1,060 – $7,183Rent per Sq Ft$2 / $2Sq Ft942 / 950DOM7 / 1New160Total290
Condo
Avg/Median Rent$1,980 / $1,795Range$1,750 – $2,395Rent per Sq Ft$2 / $2Sq Ft1,185 / 1,126DOM40 / 1New2Total3
Multi-Family
Avg/Median Rent$1,717 / $1,500Range$1,350 – $2,300Rent per Sq Ft$1 / $1Sq Ft1,168 / 1,064DOM41 / 42New0Total3
Single Family
Avg/Median Rent$2,320 / $2,195Range$1,450 – $4,000Rent per Sq Ft$2 / $1Sq Ft1,451 / 1,372DOM21 / 14New8Total31
Townhouse
Avg/Median Rent$1,915 / $1,695Range$1,095 – $5,000Rent per Sq Ft$1 / $1Sq Ft1,353 / 1,260DOM39 / 21New3Total28
Rentals by Bedroom Count
Studio
Avg:$1,790Median:$1,771Range:$1,537 – $2,210PSF:$3 / $3Sq Ft:744 / 627DOM:17 / 1New:8Total:12
1 Beds
Avg:$1,587Median:$1,395Range:$1,060 – $2,797PSF:$2 / $2Sq Ft:767 / 743DOM:7 / 1New:52Total:99
2 Beds
Avg:$1,732Median:$1,517Range:$1,095 – $3,700PSF:$2 / $1Sq Ft:1,040 / 1,048DOM:9 / 1New:90Total:181
3 Beds
Avg:$2,066Median:$1,875Range:$1,450 – $5,000PSF:$1 / $1Sq Ft:1,345 / 1,294DOM:22 / 1New:19Total:53
4 Beds
Avg:$3,684Median:$2,750Range:$1,999 – $7,183PSF:$1 / $1Sq Ft:1,991 / 1,905DOM:38 / 10New:4Total:10
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,790 | $1,771 | $1,537 – $2,210 | $3 / $3 | 744 / 627 | 17 / 1 | 8 | 12 |
| 1 Beds | $1,587 | $1,395 | $1,060 – $2,797 | $2 / $2 | 767 / 743 | 7 / 1 | 52 | 99 |
| 2 Beds | $1,732 | $1,517 | $1,095 – $3,700 | $2 / $1 | 1,040 / 1,048 | 9 / 1 | 90 | 181 |
| 3 Beds | $2,066 | $1,875 | $1,450 – $5,000 | $1 / $1 | 1,345 / 1,294 | 22 / 1 | 19 | 53 |
| 4 Beds | $3,684 | $2,750 | $1,999 – $7,183 | $1 / $1 | 1,991 / 1,905 | 38 / 10 | 4 | 10 |
6-Month Sales Trend
Feb 2026
Median Price:$560,000Median DOM:51New:49Total:173
Mar 2026
Median Price:$549,900Median DOM:25New:59Total:179
Apr 2026
Median Price:$549,000Median DOM:21New:64Total:194
May 2026
Median Price:$567,500Median DOM:23New:61Total:188
Jun 2026
Median Price:$575,000Median DOM:33New:57Total:191
Jul 2026
Median Price:$550,000Median DOM:31New:22Total:187
6-Month Rental Trend
Feb 2026
Median Rent:$1,639Median DOM:1New:185Total:319
Mar 2026
Median Rent:$1,549Median DOM:1New:196Total:313
Apr 2026
Median Rent:$1,495Median DOM:1New:217Total:313
May 2026
Median Rent:$1,550Median DOM:1New:225Total:325
Jun 2026
Median Rent:$1,580Median DOM:1New:236Total:341
Jul 2026
Median Rent:$1,577Median DOM:1New:173Total:355
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market declined, signaling improving buyer activity. Rental pricing eased, 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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