ZIP 27511 Housing Market Report
Raleigh Metro
Report period: August 2026
27511 Monthly Market Update – August 2026
ZIP 27511 · Last updated Aug 11, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$565,000
+2.7%
Median DOM (Sales)
38
0.0%
New Listings (Sales)
15
−62.5%
Median Rent
$1,609
+0.9%
Median DOM (Rental)
1
0.0%
Total Rental Listings
353
+1.7%
Month-over-Month Movement
Median sale prices moved higher. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Multi-Family (22 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($2,200,000 median)
Sales Market Overview
Median Price
$565,000
+2.7%
Median DOM
38
0.0%
New Listings
15
−62.5%
Inventory
177
−3.3%
- Average Price: $755,919
- Median Price: $565,000
- Price Range: $204,000 – $3,900,000
- Price per Sq Ft (Avg/Median): $311 / $280
- Square Footage (Avg/Median): 2,315 / 1,898
- Square Footage Range: 754 – 12,658
- Days on Market (Avg/Median): 60 / 38
- Days on Market Range: 2 – 291
- New Listings: 15
- Total Listings: 177
Sales by Property Type
Condo
Avg/Median Price$499,612 / $525,000Range$210,000 – $795,000Price per Sq Ft$324 / $318Sq Ft1,532 / 1,536DOM52 / 39New6Total24
Land
Avg/Median Price$809,750 / $650,000Range$224,000 – $2,495,000Price per Sq Ft—Sq Ft—DOM72 / 81New0Total8
Multi-Family
Avg/Median Price$711,250 / $622,500Range$622,500 – $800,000Price per Sq Ft$361 / $237Sq Ft2,138 / 1,651DOM88 / 22New0Total2
Single Family
Avg/Median Price$937,353 / $649,900Range$275,000 – $3,900,000Price per Sq Ft$334 / $292Sq Ft2,732 / 2,403DOM62 / 32New6Total104
Townhouse
Avg/Median Price$421,072 / $335,000Range$204,000 – $2,390,000Price per Sq Ft$240 / $230Sq Ft1,692 / 1,396DOM56 / 59New3Total39
Sales by Bedroom Count
2 Beds
Avg:$357,281Median:$299,900Range:$204,000 – $800,000PSF:$311 / $274Sq Ft:1,173 / 1,194DOM:59 / 48New:4Total:36
3 Beds
Avg:$561,092Median:$499,000Range:$250,000 – $1,775,000PSF:$306 / $286Sq Ft:1,804 / 1,679DOM:51 / 33New:6Total:63
4 Beds
Avg:$874,649Median:$675,000Range:$369,000 – $2,723,300PSF:$292 / $269Sq Ft:2,863 / 2,702DOM:56 / 29New:2Total:49
5 Beds
Avg:$1,586,892Median:$1,549,900Range:$574,900 – $3,880,000PSF:$371 / $330Sq Ft:4,086 / 4,191DOM:93 / 82New:3Total:19
6 Beds
Avg:$3,050,000Median:$2,200,000Range:$2,200,000 – $3,900,000PSF:$388 / $308Sq Ft:8,679 / 4,700DOM:101 / 10New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $357,281 | $299,900 | $204,000 – $800,000 | $311 / $274 | 1,173 / 1,194 | 59 / 48 | 4 | 36 |
| 3 Beds | $561,092 | $499,000 | $250,000 – $1,775,000 | $306 / $286 | 1,804 / 1,679 | 51 / 33 | 6 | 63 |
| 4 Beds | $874,649 | $675,000 | $369,000 – $2,723,300 | $292 / $269 | 2,863 / 2,702 | 56 / 29 | 2 | 49 |
| 5 Beds | $1,586,892 | $1,549,900 | $574,900 – $3,880,000 | $371 / $330 | 4,086 / 4,191 | 93 / 82 | 3 | 19 |
| 6 Beds | $3,050,000 | $2,200,000 | $2,200,000 – $3,900,000 | $388 / $308 | 8,679 / 4,700 | 101 / 10 | 0 | 2 |
Rental Market Overview
Median Rent
$1,609
+0.9%
Median DOM
1
0.0%
New Listings
159
Inventory
353
+1.7%
- Average Rent: $1,834
- Median Rent: $1,609
- Rent Range: $1,018 – $7,183
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,027 / 987
- Square Footage Range: 500 – 3,257
- Days on Market (Avg/Median): 12 / 1
- Days on Market Range: 1 – 282
- New Listings: 159
- Total Listings: 353
Rentals by Property Type
Apartment
$1,529
Median DOM: 1
Inventory: 283
MoM: +0.9%
Condo
$1,595
Median DOM: 1
Inventory: 4
MoM: +0.9%
Single Family
$2,250
Median DOM: 14
Inventory: 36
MoM: +0.9%
Townhouse
$1,695
Median DOM: 23
Inventory: 26
MoM: +0.9%
Apartment
Avg/Median Rent$1,743 / $1,529Range$1,018 – $7,183Rent per Sq Ft$2 / $2Sq Ft929 / 938DOM7 / 1New146Total283
Condo
Avg/Median Rent$2,190 / $1,595Range$1,165 – $4,250Rent per Sq Ft$2 / $1Sq Ft1,178 / 1,100DOM7 / 1New3Total4
Multi-Family
Avg/Median Rent$1,888 / $1,850Range$1,500 – $2,300Rent per Sq Ft$2 / $1Sq Ft1,196 / 1,064DOM28 / 20New0Total4
Single Family
Avg/Median Rent$2,409 / $2,250Range$1,450 – $4,000Rent per Sq Ft$2 / $1Sq Ft1,616 / 1,512DOM24 / 14New7Total36
Townhouse
Avg/Median Rent$1,966 / $1,695Range$1,095 – $5,000Rent per Sq Ft$1 / $1Sq Ft1,383 / 1,260DOM44 / 23New3Total26
Rentals by Bedroom Count
Studio
Avg:$1,702Median:$1,713Range:$1,528 – $2,210PSF:$3 / $3Sq Ft:624 / 529DOM:14 / 1New:9Total:17
1 Beds
Avg:$1,584Median:$1,447Range:$1,018 – $2,797PSF:$2 / $2Sq Ft:763 / 743DOM:8 / 1New:55Total:100
2 Beds
Avg:$1,753Median:$1,500Range:$1,095 – $3,700PSF:$2 / $1Sq Ft:1,041 / 1,064DOM:9 / 1New:80Total:166
3 Beds
Avg:$2,184Median:$1,950Range:$1,450 – $5,000PSF:$1 / $1Sq Ft:1,389 / 1,300DOM:25 / 3New:13Total:56
4 Beds
Avg:$3,347Median:$2,500Range:$1,995 – $7,183PSF:$1 / $1Sq Ft:2,239 / 2,080DOM:29 / 7New:2Total:14
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,702 | $1,713 | $1,528 – $2,210 | $3 / $3 | 624 / 529 | 14 / 1 | 9 | 17 |
| 1 Beds | $1,584 | $1,447 | $1,018 – $2,797 | $2 / $2 | 763 / 743 | 8 / 1 | 55 | 100 |
| 2 Beds | $1,753 | $1,500 | $1,095 – $3,700 | $2 / $1 | 1,041 / 1,064 | 9 / 1 | 80 | 166 |
| 3 Beds | $2,184 | $1,950 | $1,450 – $5,000 | $1 / $1 | 1,389 / 1,300 | 25 / 3 | 13 | 56 |
| 4 Beds | $3,347 | $2,500 | $1,995 – $7,183 | $1 / $1 | 2,239 / 2,080 | 29 / 7 | 2 | 14 |
6-Month Sales Trend
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:38New:40Total:183
Aug 2026
Median Price:$565,000Median DOM:38New:15Total:177
6-Month Rental Trend
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:$1,595Median DOM:1New:212Total:347
Aug 2026
Median Rent:$1,609Median DOM:1New:159Total:353
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market were unchanged, signaling steady buyer activity. Rental pricing increased, 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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