ZIP 27514 Housing Market Report
Raleigh Metro
Report period: August 2026
27514 Monthly Market Update – August 2026
ZIP 27514 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$528,300
−2.2%
Median DOM (Sales)
62
−1.6%
New Listings (Sales)
8
−78.9%
Median Rent
$1,595
−1.5%
Median DOM (Rental)
1
0.0%
Total Rental Listings
603
−3.4%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Apartment (6 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($950,000 median)
Sales Market Overview
Median Price
$528,300
−2.2%
Median DOM
62
−1.6%
New Listings
8
−78.9%
Inventory
174
−3.3%
- Average Price: $715,359
- Median Price: $528,300
- Price Range: $85,000 – $8,995,000
- Price per Sq Ft (Avg/Median): $306 / $281
- Square Footage (Avg/Median): 2,100 / 1,840
- Square Footage Range: 577 – 5,794
- Days on Market (Avg/Median): 77 / 62
- Days on Market Range: 2 – 360
- New Listings: 8
- Total Listings: 174
Sales by Property Type
Apartment
Avg/Median Price$85,000 / $85,000Range$85,000 – $85,000Price per Sq Ft$129 / $129Sq Ft659 / 659DOM12 / 6New0Total2
Condo
Avg/Median Price$268,928 / $249,900Range$130,000 – $536,400Price per Sq Ft$236 / $234Sq Ft1,143 / 1,154DOM85 / 68New3Total46
Land
Avg/Median Price$1,391,818 / $400,000Range$295,000 – $8,995,000Price per Sq Ft—Sq Ft—DOM153 / 123New0Total11
Manufactured
Avg/Median Price$92,400 / $89,900Range$89,900 – $94,900Price per Sq Ft—Sq Ft—DOM17 / 17New0Total2
Multi-Family
Avg/Median Price$804,800 / $615,000Range$285,000 – $1,995,000Price per Sq Ft$434 / $305Sq Ft1,805 / 2,016DOM119 / 99New0Total5
Single Family
Avg/Median Price$979,440 / $765,000Range$190,000 – $3,450,000Price per Sq Ft$345 / $310Sq Ft2,866 / 2,633DOM67 / 52New5Total80
Townhouse
Avg/Median Price$502,061 / $399,900Range$240,000 – $1,150,000Price per Sq Ft$300 / $281Sq Ft1,639 / 1,442DOM67 / 60New0Total28
Sales by Bedroom Count
Studio
Avg:$238,900Median:$238,900Range:$238,900 – $238,900PSF:$207 / $207Sq Ft:1,154 / 1,154DOM:8 / 8New:1Total:1
1 Beds
Avg:$198,400Median:$139,900Range:$85,000 – $444,000PSF:$254 / $242Sq Ft:744 / 659DOM:61 / 60New:0Total:7
2 Beds
Avg:$271,963Median:$269,900Range:$159,000 – $444,600PSF:$244 / $247Sq Ft:1,130 / 1,126DOM:85 / 70New:1Total:46
3 Beds
Avg:$665,550Median:$536,400Range:$89,900 – $2,985,000PSF:$341 / $314Sq Ft:1,940 / 1,700DOM:70 / 59New:2Total:50
4 Beds
Avg:$1,008,632Median:$799,000Range:$400,000 – $3,450,000PSF:$358 / $318Sq Ft:2,823 / 2,460DOM:66 / 48New:2Total:40
5 Beds
Avg:$1,165,731Median:$950,000Range:$540,000 – $3,100,000PSF:$290 / $274Sq Ft:3,900 / 3,272DOM:52 / 41New:2Total:16
6 Beds
Avg:$916,633Median:$750,000Range:$624,900 – $1,375,000PSF:$243 / $249Sq Ft:3,766 / 3,002DOM:159 / 107New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $238,900 | $238,900 | $238,900 – $238,900 | $207 / $207 | 1,154 / 1,154 | 8 / 8 | 1 | 1 |
| 1 Beds | $198,400 | $139,900 | $85,000 – $444,000 | $254 / $242 | 744 / 659 | 61 / 60 | 0 | 7 |
| 2 Beds | $271,963 | $269,900 | $159,000 – $444,600 | $244 / $247 | 1,130 / 1,126 | 85 / 70 | 1 | 46 |
| 3 Beds | $665,550 | $536,400 | $89,900 – $2,985,000 | $341 / $314 | 1,940 / 1,700 | 70 / 59 | 2 | 50 |
| 4 Beds | $1,008,632 | $799,000 | $400,000 – $3,450,000 | $358 / $318 | 2,823 / 2,460 | 66 / 48 | 2 | 40 |
| 5 Beds | $1,165,731 | $950,000 | $540,000 – $3,100,000 | $290 / $274 | 3,900 / 3,272 | 52 / 41 | 2 | 16 |
| 6 Beds | $916,633 | $750,000 | $624,900 – $1,375,000 | $243 / $249 | 3,766 / 3,002 | 159 / 107 | 0 | 3 |
Rental Market Overview
Median Rent
$1,595
−1.5%
Median DOM
1
0.0%
New Listings
247
Inventory
603
−3.4%
- Average Rent: $1,704
- Median Rent: $1,595
- Rent Range: $600 – $7,813
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 940 / 833
- Square Footage Range: 334 – 3,200
- Days on Market (Avg/Median): 12 / 1
- Days on Market Range: 1 – 328
- New Listings: 247
- Total Listings: 603
Rentals by Property Type
Apartment
$1,585
Median DOM: 1
Inventory: 503
MoM: −1.5%
Condo
$1,595
Median DOM: 34
Inventory: 27
MoM: −1.5%
Single Family
$1,950
Median DOM: 1
Inventory: 42
MoM: −1.5%
Townhouse
$1,950
Median DOM: 1
Inventory: 21
MoM: −1.5%
Apartment
Avg/Median Rent$1,643 / $1,585Range$835 – $7,813Rent per Sq Ft$2 / $2Sq Ft862 / 821DOM8 / 1New216Total503
Condo
Avg/Median Rent$1,574 / $1,595Range$995 – $2,600Rent per Sq Ft$1 / $1Sq Ft1,092 / 1,167DOM51 / 34New5Total27
Multi-Family
Avg/Median Rent$1,803 / $1,890Range$950 – $3,150Rent per Sq Ft$2 / $2Sq Ft1,051 / 978DOM65 / 60New0Total10
Single Family
Avg/Median Rent$2,205 / $1,950Range$600 – $4,995Rent per Sq Ft$1 / $1Sq Ft1,722 / 1,538DOM8 / 1New19Total42
Townhouse
Avg/Median Rent$2,258 / $1,950Range$1,000 – $3,801Rent per Sq Ft$2 / $2Sq Ft1,358 / 1,251DOM49 / 1New7Total21
Rentals by Bedroom Count
Studio
Avg:$1,454Median:$1,505Range:$850 – $1,610PSF:$3 / $3Sq Ft:575 / 577DOM:1 / 1New:9Total:31
1 Beds
Avg:$1,499Median:$1,550Range:$800 – $2,518PSF:$2 / $2Sq Ft:743 / 730DOM:8 / 1New:114Total:291
2 Beds
Avg:$1,731Median:$1,599Range:$995 – $2,945PSF:$2 / $2Sq Ft:1,068 / 1,076DOM:13 / 1New:97Total:221
3 Beds
Avg:$2,540Median:$2,300Range:$1,593 – $7,813PSF:$2 / $2Sq Ft:1,453 / 1,359DOM:39 / 1New:23Total:47
4 Beds
Avg:$3,392Median:$3,500Range:$600 – $4,995PSF:$2 / $2Sq Ft:2,508 / 2,259DOM:11 / 1New:3Total:11
5 Beds
Avg:$3,500Median:$3,500Range:$3,500 – $3,500PSF:$1 / $1Sq Ft:3,200 / 3,200DOM:8 / 8New:1Total:1
6 Beds
Avg:$3,175Median:$3,175Range:$3,175 – $3,175PSF:$1 / $1Sq Ft:2,925 / 2,925DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,454 | $1,505 | $850 – $1,610 | $3 / $3 | 575 / 577 | 1 / 1 | 9 | 31 |
| 1 Beds | $1,499 | $1,550 | $800 – $2,518 | $2 / $2 | 743 / 730 | 8 / 1 | 114 | 291 |
| 2 Beds | $1,731 | $1,599 | $995 – $2,945 | $2 / $2 | 1,068 / 1,076 | 13 / 1 | 97 | 221 |
| 3 Beds | $2,540 | $2,300 | $1,593 – $7,813 | $2 / $2 | 1,453 / 1,359 | 39 / 1 | 23 | 47 |
| 4 Beds | $3,392 | $3,500 | $600 – $4,995 | $2 / $2 | 2,508 / 2,259 | 11 / 1 | 3 | 11 |
| 5 Beds | $3,500 | $3,500 | $3,500 – $3,500 | $1 / $1 | 3,200 / 3,200 | 8 / 8 | 1 | 1 |
| 6 Beds | $3,175 | $3,175 | $3,175 – $3,175 | $1 / $1 | 2,925 / 2,925 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$619,000Median DOM:26New:62Total:159
Apr 2026
Median Price:$655,000Median DOM:27New:57Total:187
May 2026
Median Price:$649,000Median DOM:47New:38Total:183
Jun 2026
Median Price:$550,000Median DOM:60New:32Total:178
Jul 2026
Median Price:$540,000Median DOM:63New:38Total:180
Aug 2026
Median Price:$528,300Median DOM:62New:8Total:174
6-Month Rental Trend
Mar 2026
Median Rent:$1,592Median DOM:1New:399Total:536
Apr 2026
Median Rent:$1,685Median DOM:1New:507Total:684
May 2026
Median Rent:$1,662Median DOM:1New:469Total:698
Jun 2026
Median Rent:$1,650Median DOM:1New:459Total:690
Jul 2026
Median Rent:$1,620Median DOM:1New:421Total:624
Aug 2026
Median Rent:$1,595Median DOM:1New:247Total:603
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 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.
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