ZIP 27517 Housing Market Report
Raleigh Metro
Report period: July 2026
27517 Monthly Market Update – July 2026
ZIP 27517 · Last updated Jul 10, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$749,500
+2.0%
Median DOM (Sales)
45
+12.5%
New Listings (Sales)
30
−57.1%
Median Rent
$1,670
+2.1%
Median DOM (Rental)
1
0.0%
Total Rental Listings
563
+1.6%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (40 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($2,045,000 median)
Sales Market Overview
Median Price
$749,500
+2.0%
Median DOM
45
+12.5%
New Listings
30
−57.1%
Inventory
281
−2.8%
- Average Price: $933,952
- Median Price: $749,500
- Price Range: $70,000 – $6,600,000
- Price per Sq Ft (Avg/Median): $307 / $281
- Square Footage (Avg/Median): 3,206 / 2,902
- Square Footage Range: 517 – 10,393
- Days on Market (Avg/Median): 61 / 45
- Days on Market Range: 2 – 357
- New Listings: 30
- Total Listings: 281
Sales by Property Type
Condo
Avg/Median Price$452,206 / $306,000Range$194,000 – $2,395,000Price per Sq Ft$346 / $267Sq Ft1,194 / 1,030DOM73 / 55New6Total32
Land
Avg/Median Price$281,540 / $200,000Range$70,000 – $1,900,000Price per Sq Ft—Sq Ft—DOM114 / 73New0Total29
Single Family
Avg/Median Price$1,203,140 / $989,000Range$289,900 – $6,600,000Price per Sq Ft$311 / $293Sq Ft3,796 / 3,661DOM53 / 40New16Total180
Townhouse
Avg/Median Price$581,002 / $454,990Range$239,000 – $2,400,000Price per Sq Ft$255 / $242Sq Ft2,161 / 2,075DOM55 / 45New8Total40
Sales by Bedroom Count
1 Beds
Avg:$348,483Median:$289,900Range:$194,000 – $575,000PSF:$459 / $467Sq Ft:765 / 781DOM:40 / 7New:3Total:6
2 Beds
Avg:$354,583Median:$315,000Range:$204,999 – $650,000PSF:$283 / $262Sq Ft:1,265 / 1,146DOM:71 / 64New:3Total:36
3 Beds
Avg:$737,180Median:$595,000Range:$324,500 – $2,950,000PSF:$313 / $298Sq Ft:2,274 / 2,098DOM:54 / 44New:10Total:63
4 Beds
Avg:$1,168,237Median:$989,000Range:$464,990 – $3,490,000PSF:$305 / $285Sq Ft:3,715 / 3,646DOM:56 / 42New:6Total:91
5 Beds
Avg:$1,514,999Median:$1,295,000Range:$635,000 – $6,600,000PSF:$310 / $287Sq Ft:4,584 / 4,279DOM:51 / 44New:6Total:44
6 Beds
Avg:$1,571,300Median:$1,400,000Range:$899,000 – $2,975,000PSF:$260 / $240Sq Ft:5,987 / 5,340DOM:53 / 38New:2Total:10
7 Beds
Avg:$2,147,500Median:$2,045,000Range:$2,045,000 – $2,250,000PSF:$297 / $255Sq Ft:7,422 / 6,028DOM:82 / 73New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $348,483 | $289,900 | $194,000 – $575,000 | $459 / $467 | 765 / 781 | 40 / 7 | 3 | 6 |
| 2 Beds | $354,583 | $315,000 | $204,999 – $650,000 | $283 / $262 | 1,265 / 1,146 | 71 / 64 | 3 | 36 |
| 3 Beds | $737,180 | $595,000 | $324,500 – $2,950,000 | $313 / $298 | 2,274 / 2,098 | 54 / 44 | 10 | 63 |
| 4 Beds | $1,168,237 | $989,000 | $464,990 – $3,490,000 | $305 / $285 | 3,715 / 3,646 | 56 / 42 | 6 | 91 |
| 5 Beds | $1,514,999 | $1,295,000 | $635,000 – $6,600,000 | $310 / $287 | 4,584 / 4,279 | 51 / 44 | 6 | 44 |
| 6 Beds | $1,571,300 | $1,400,000 | $899,000 – $2,975,000 | $260 / $240 | 5,987 / 5,340 | 53 / 38 | 2 | 10 |
| 7 Beds | $2,147,500 | $2,045,000 | $2,045,000 – $2,250,000 | $297 / $255 | 7,422 / 6,028 | 82 / 73 | 0 | 2 |
Rental Market Overview
Median Rent
$1,670
+2.1%
Median DOM
1
0.0%
New Listings
220
Inventory
563
+1.6%
- Average Rent: $1,787
- Median Rent: $1,670
- Rent Range: $680 – $6,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,053 / 1,020
- Square Footage Range: 412 – 4,145
- Days on Market (Avg/Median): 9 / 1
- Days on Market Range: 1 – 290
- New Listings: 220
- Total Listings: 563
Rentals by Property Type
Apartment
$1,625
Median DOM: 1
Inventory: 467
MoM: +2.1%
Condo
$1,600
Median DOM: 24
Inventory: 26
MoM: +2.1%
Single Family
$2,395
Median DOM: 1
Inventory: 48
MoM: +2.1%
Townhouse
$1,850
Median DOM: 9
Inventory: 16
MoM: +2.1%
Apartment
Avg/Median Rent$1,691 / $1,625Range$800 – $3,561Rent per Sq Ft$2 / $2Sq Ft937 / 939DOM4 / 1New192Total467
Condo
Avg/Median Rent$1,720 / $1,600Range$1,395 – $3,295Rent per Sq Ft$2 / $2Sq Ft1,177 / 1,020DOM52 / 24New5Total26
Multi-Family
Avg/Median Rent$1,713 / $1,795Range$695 – $2,595Rent per Sq Ft$2 / $2Sq Ft1,055 / 1,100DOM56 / 25New0Total6
Single Family
Avg/Median Rent$2,707 / $2,395Range$680 – $6,000Rent per Sq Ft$1 / $1Sq Ft2,010 / 1,800DOM24 / 1New18Total48
Townhouse
Avg/Median Rent$1,945 / $1,850Range$1,000 – $2,850Rent per Sq Ft$1 / $1Sq Ft1,524 / 1,450DOM21 / 9New5Total16
Rentals by Bedroom Count
Studio
Avg:$1,268Median:$1,239Range:$695 – $1,663PSF:$3 / $3Sq Ft:449 / 412DOM:1 / 1New:25Total:52
1 Beds
Avg:$1,530Median:$1,526Range:$680 – $3,561PSF:$2 / $2Sq Ft:766 / 764DOM:5 / 1New:68Total:184
2 Beds
Avg:$1,797Median:$1,760Range:$1,000 – $3,033PSF:$2 / $2Sq Ft:1,109 / 1,122DOM:14 / 1New:80Total:204
3 Beds
Avg:$2,193Median:$2,029Range:$1,450 – $4,200PSF:$2 / $1Sq Ft:1,491 / 1,343DOM:8 / 1New:43Total:108
4 Beds
Avg:$3,542Median:$3,500Range:$2,595 – $4,750PSF:$1 / $1Sq Ft:2,863 / 2,480DOM:50 / 1New:3Total:13
5 Beds
Avg:$4,550Median:$3,100Range:$3,100 – $6,000PSF:$1 / $1Sq Ft:3,358 / 2,874DOM:11 / 9New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,268 | $1,239 | $695 – $1,663 | $3 / $3 | 449 / 412 | 1 / 1 | 25 | 52 |
| 1 Beds | $1,530 | $1,526 | $680 – $3,561 | $2 / $2 | 766 / 764 | 5 / 1 | 68 | 184 |
| 2 Beds | $1,797 | $1,760 | $1,000 – $3,033 | $2 / $2 | 1,109 / 1,122 | 14 / 1 | 80 | 204 |
| 3 Beds | $2,193 | $2,029 | $1,450 – $4,200 | $2 / $1 | 1,491 / 1,343 | 8 / 1 | 43 | 108 |
| 4 Beds | $3,542 | $3,500 | $2,595 – $4,750 | $1 / $1 | 2,863 / 2,480 | 50 / 1 | 3 | 13 |
| 5 Beds | $4,550 | $3,100 | $3,100 – $6,000 | $1 / $1 | 3,358 / 2,874 | 11 / 9 | 1 | 2 |
6-Month Sales Trend
Feb 2026
Median Price:$595,000Median DOM:44New:55Total:184
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:$749,500Median DOM:45New:30Total:281
6-Month Rental Trend
Feb 2026
Median Rent:$1,636Median DOM:1New:326Total:441
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:$1,670Median DOM:1New:220Total:563
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market lengthened, signaling slower 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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