ZIP 27517 Housing Market Report
Raleigh Metro
Report period: August 2026
27517 Monthly Market Update – August 2026
ZIP 27517 · Last updated Aug 9, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$650,000
0.0%
Median DOM (Sales)
45
−4.3%
New Listings (Sales)
27
−64.0%
Median Rent
$1,685
−0.3%
Median DOM (Rental)
1
0.0%
Total Rental Listings
533
+1.1%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Townhouse (26 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($2,150,000 median)
Sales Market Overview
Median Price
$650,000
0.0%
Median DOM
45
−4.3%
New Listings
27
−64.0%
Inventory
290
+3.9%
- Average Price: $885,436
- Median Price: $650,000
- Price Range: $70,000 – $6,600,000
- Price per Sq Ft (Avg/Median): $301 / $273
- Square Footage (Avg/Median): 3,078 / 2,720
- Square Footage Range: 517 – 10,393
- Days on Market (Avg/Median): 63 / 45
- Days on Market Range: 1 – 327
- New Listings: 27
- Total Listings: 290
Sales by Property Type
Condo
Avg/Median Price$397,024 / $280,000Range$189,900 – $2,395,000Price per Sq Ft$329 / $266Sq Ft1,113 / 987DOM66 / 27New2Total38
Land
Avg/Median Price$300,822 / $200,000Range$70,000 – $1,900,000Price per Sq Ft—Sq Ft—DOM116 / 100New2Total30
Single Family
Avg/Median Price$1,165,769 / $965,000Range$275,000 – $6,600,000Price per Sq Ft$306 / $290Sq Ft3,738 / 3,603DOM58 / 44New14Total178
Townhouse
Avg/Median Price$571,774 / $449,990Range$239,000 – $2,400,000Price per Sq Ft$255 / $242Sq Ft2,104 / 1,850DOM50 / 26New9Total44
Sales by Bedroom Count
1 Beds
Avg:$342,780Median:$289,900Range:$194,999 – $575,000PSF:$455 / $561Sq Ft:764 / 819DOM:14 / 7New:0Total:5
2 Beds
Avg:$347,026Median:$289,900Range:$189,900 – $1,395,000PSF:$289 / $262Sq Ft:1,174 / 1,030DOM:63 / 26New:4Total:46
3 Beds
Avg:$717,881Median:$575,000Range:$309,000 – $2,950,000PSF:$305 / $293Sq Ft:2,271 / 2,098DOM:56 / 40New:6Total:69
4 Beds
Avg:$1,129,351Median:$989,000Range:$459,990 – $3,490,000PSF:$297 / $278Sq Ft:3,701 / 3,631DOM:60 / 55New:11Total:91
5 Beds
Avg:$1,556,800Median:$1,280,000Range:$625,000 – $6,600,000PSF:$305 / $285Sq Ft:4,751 / 4,647DOM:52 / 32New:4Total:40
6 Beds
Avg:$1,668,500Median:$1,400,000Range:$899,000 – $2,975,000PSF:$264 / $240Sq Ft:6,266 / 5,775DOM:64 / 38New:0Total:8
7 Beds
Avg:$2,150,000Median:$2,150,000Range:$2,150,000 – $2,150,000PSF:$244 / $244Sq Ft:8,817 / 8,817DOM:121 / 121New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $342,780 | $289,900 | $194,999 – $575,000 | $455 / $561 | 764 / 819 | 14 / 7 | 0 | 5 |
| 2 Beds | $347,026 | $289,900 | $189,900 – $1,395,000 | $289 / $262 | 1,174 / 1,030 | 63 / 26 | 4 | 46 |
| 3 Beds | $717,881 | $575,000 | $309,000 – $2,950,000 | $305 / $293 | 2,271 / 2,098 | 56 / 40 | 6 | 69 |
| 4 Beds | $1,129,351 | $989,000 | $459,990 – $3,490,000 | $297 / $278 | 3,701 / 3,631 | 60 / 55 | 11 | 91 |
| 5 Beds | $1,556,800 | $1,280,000 | $625,000 – $6,600,000 | $305 / $285 | 4,751 / 4,647 | 52 / 32 | 4 | 40 |
| 6 Beds | $1,668,500 | $1,400,000 | $899,000 – $2,975,000 | $264 / $240 | 6,266 / 5,775 | 64 / 38 | 0 | 8 |
| 7 Beds | $2,150,000 | $2,150,000 | $2,150,000 – $2,150,000 | $244 / $244 | 8,817 / 8,817 | 121 / 121 | 0 | 1 |
Rental Market Overview
Median Rent
$1,685
−0.3%
Median DOM
1
0.0%
New Listings
229
Inventory
533
+1.1%
- Average Rent: $1,806
- Median Rent: $1,685
- Rent Range: $680 – $10,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,070 / 1,024
- Square Footage Range: 412 – 7,389
- Days on Market (Avg/Median): 10 / 1
- Days on Market Range: 1 – 290
- New Listings: 229
- Total Listings: 533
Rentals by Property Type
Apartment
$1,629
Median DOM: 1
Inventory: 444
MoM: −0.3%
Condo
$1,650
Median DOM: 24
Inventory: 22
MoM: −0.3%
Single Family
$2,450
Median DOM: 1
Inventory: 50
MoM: −0.3%
Townhouse
$1,845
Median DOM: 14
Inventory: 14
MoM: −0.3%
Apartment
Avg/Median Rent$1,691 / $1,629Range$800 – $3,561Rent per Sq Ft$2 / $2Sq Ft934 / 939DOM5 / 1New204Total444
Condo
Avg/Median Rent$1,687 / $1,650Range$1,395 – $2,150Rent per Sq Ft$2 / $2Sq Ft1,073 / 1,000DOM65 / 24New6Total22
Multi-Family
Avg/Median Rent$1,730 / $1,795Range$1,500 – $1,895Rent per Sq Ft$2 / $2Sq Ft1,100 / 1,063DOM49 / 43New0Total3
Single Family
Avg/Median Rent$2,835 / $2,450Range$680 – $10,000Rent per Sq Ft$1 / $1Sq Ft2,197 / 1,800DOM22 / 1New16Total50
Townhouse
Avg/Median Rent$1,994 / $1,845Range$1,000 – $2,850Rent per Sq Ft$1 / $1Sq Ft1,435 / 1,400DOM26 / 14New3Total14
Rentals by Bedroom Count
Studio
Avg:$1,274Median:$1,233Range:$1,133 – $1,663PSF:$3 / $3Sq Ft:447 / 412DOM:1 / 1New:9Total:44
1 Beds
Avg:$1,534Median:$1,538Range:$680 – $3,561PSF:$2 / $2Sq Ft:762 / 739DOM:7 / 1New:78Total:180
2 Beds
Avg:$1,801Median:$1,785Range:$1,000 – $2,813PSF:$2 / $2Sq Ft:1,105 / 1,122DOM:15 / 1New:90Total:192
3 Beds
Avg:$2,142Median:$2,025Range:$1,500 – $4,200PSF:$2 / $1Sq Ft:1,432 / 1,343DOM:6 / 1New:47Total:99
4 Beds
Avg:$4,090Median:$3,495Range:$2,700 – $10,000PSF:$1 / $1Sq Ft:3,491 / 3,493DOM:39 / 12New:4Total:16
5 Beds
Avg:$3,598Median:$2,995Range:$2,995 – $4,200PSF:$1 / $1Sq Ft:3,192 / 2,874DOM:14 / 5New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,274 | $1,233 | $1,133 – $1,663 | $3 / $3 | 447 / 412 | 1 / 1 | 9 | 44 |
| 1 Beds | $1,534 | $1,538 | $680 – $3,561 | $2 / $2 | 762 / 739 | 7 / 1 | 78 | 180 |
| 2 Beds | $1,801 | $1,785 | $1,000 – $2,813 | $2 / $2 | 1,105 / 1,122 | 15 / 1 | 90 | 192 |
| 3 Beds | $2,142 | $2,025 | $1,500 – $4,200 | $2 / $1 | 1,432 / 1,343 | 6 / 1 | 47 | 99 |
| 4 Beds | $4,090 | $3,495 | $2,700 – $10,000 | $1 / $1 | 3,491 / 3,493 | 39 / 12 | 4 | 16 |
| 5 Beds | $3,598 | $2,995 | $2,995 – $4,200 | $1 / $1 | 3,192 / 2,874 | 14 / 5 | 1 | 2 |
6-Month Sales Trend
Mar 2026
Median Price:$621,000Median DOM:26New:77Total:213
Apr 2026
Median Price:$739,000Median DOM:26New:109Total:275
May 2026
Median Price:$750,000Median DOM:30New:91Total:302
Jun 2026
Median Price:$735,000Median DOM:40New:70Total:289
Jul 2026
Median Price:$650,000Median DOM:47New:75Total:279
Aug 2026
Median Price:$650,000Median DOM:45New:27Total:290
6-Month Rental Trend
Mar 2026
Median Rent:$1,641Median DOM:1New:380Total:490
Apr 2026
Median Rent:$1,616Median DOM:1New:411Total:547
May 2026
Median Rent:$1,605Median DOM:1New:380Total:572
Jun 2026
Median Rent:$1,636Median DOM:1New:392Total:554
Jul 2026
Median Rent:$1,690Median DOM:1New:305Total:527
Aug 2026
Median Rent:$1,685Median DOM:1New:229Total:533
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. 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.
272072720827231272432725227256272782731227344275022750327504275082751027511275122751327514275152751627517275182751927520275232752427525275262752727529+50 more
← Back to Raleigh Metro