ZIP 27518 Housing Market Report
Raleigh Metro
Report period: August 2026
27518 Monthly Market Update – August 2026
ZIP 27518 · Last updated Aug 11, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$749,000
+1.2%
Median DOM (Sales)
33
+32.0%
New Listings (Sales)
5
−80.8%
Median Rent
$1,654
−0.6%
Median DOM (Rental)
1
0.0%
Total Rental Listings
318
+2.9%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (28 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($1,250,000 median)
Sales Market Overview
Median Price
$749,000
+1.2%
Median DOM
33
+32.0%
New Listings
5
−80.8%
Inventory
78
−2.5%
- Average Price: $862,487
- Median Price: $749,000
- Price Range: $250,000 – $4,000,000
- Price per Sq Ft (Avg/Median): $258 / $248
- Square Footage (Avg/Median): 3,272 / 3,046
- Square Footage Range: 1,147 – 9,140
- Days on Market (Avg/Median): 53 / 33
- Days on Market Range: 2 – 354
- New Listings: 5
- Total Listings: 78
Sales by Property Type
Condo
Avg/Median Price$286,780 / $289,000Range$275,000 – $295,000Price per Sq Ft$245 / $246Sq Ft1,169 / 1,169DOM44 / 33New1Total5
Land
Avg/Median Price$250,000 / $250,000Range$250,000 – $250,000Price per Sq Ft—Sq Ft—DOM—New0Total1
Single Family
Avg/Median Price$965,398 / $775,000Range$477,000 – $4,000,000Price per Sq Ft$262 / $251Sq Ft3,571 / 3,267DOM43 / 28New4Total62
Townhouse
Avg/Median Price$573,540 / $525,000Range$339,000 – $1,000,000Price per Sq Ft$236 / $231Sq Ft2,470 / 2,150DOM124 / 70New0Total10
Sales by Bedroom Count
2 Beds
Avg:$421,129Median:$289,900Range:$275,000 – $800,000PSF:$282 / $248Sq Ft:1,427 / 1,174DOM:38 / 33New:1Total:7
3 Beds
Avg:$546,933Median:$525,000Range:$419,000 – $740,000PSF:$245 / $240Sq Ft:2,241 / 1,995DOM:127 / 107New:0Total:9
4 Beds
Avg:$836,830Median:$749,000Range:$339,000 – $4,000,000PSF:$257 / $253Sq Ft:3,142 / 3,019DOM:37 / 25New:3Total:38
5 Beds
Avg:$1,118,957Median:$849,900Range:$649,000 – $2,995,000PSF:$256 / $236Sq Ft:4,186 / 4,000DOM:58 / 21New:1Total:20
6 Beds
Avg:$1,658,333Median:$1,250,000Range:$975,000 – $2,750,000PSF:$253 / $218Sq Ft:6,230 / 5,752DOM:44 / 46New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $421,129 | $289,900 | $275,000 – $800,000 | $282 / $248 | 1,427 / 1,174 | 38 / 33 | 1 | 7 |
| 3 Beds | $546,933 | $525,000 | $419,000 – $740,000 | $245 / $240 | 2,241 / 1,995 | 127 / 107 | 0 | 9 |
| 4 Beds | $836,830 | $749,000 | $339,000 – $4,000,000 | $257 / $253 | 3,142 / 3,019 | 37 / 25 | 3 | 38 |
| 5 Beds | $1,118,957 | $849,900 | $649,000 – $2,995,000 | $256 / $236 | 4,186 / 4,000 | 58 / 21 | 1 | 20 |
| 6 Beds | $1,658,333 | $1,250,000 | $975,000 – $2,750,000 | $253 / $218 | 6,230 / 5,752 | 44 / 46 | 0 | 3 |
Rental Market Overview
Median Rent
$1,654
−0.6%
Median DOM
1
0.0%
New Listings
183
Inventory
318
+2.9%
- Average Rent: $1,768
- Median Rent: $1,654
- Rent Range: $950 – $5,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,150 / 1,128
- Square Footage Range: 300 – 5,752
- Days on Market (Avg/Median): 10 / 1
- Days on Market Range: 1 – 335
- New Listings: 183
- Total Listings: 318
Rentals by Property Type
Apartment
$1,635
Median DOM: 1
Inventory: 295
MoM: −0.6%
Condo
$1,700
Median DOM: 19
Inventory: 4
MoM: −0.6%
Single Family
$2,850
Median DOM: 19
Inventory: 15
MoM: −0.6%
Townhouse
$2,200
Median DOM: 1
Inventory: 4
MoM: −0.6%
Apartment
Avg/Median Rent$1,691 / $1,635Range$1,134 – $5,168Rent per Sq Ft$2 / $2Sq Ft1,061 / 1,123DOM8 / 1New180Total295
Condo
Avg/Median Rent$1,724 / $1,700Range$1,595 – $1,900Rent per Sq Ft$1 / $1Sq Ft1,232 / 1,201DOM25 / 19New0Total4
Single Family
Avg/Median Rent$3,201 / $2,850Range$950 – $5,500Rent per Sq Ft$1 / $1Sq Ft2,802 / 2,553DOM44 / 19New1Total15
Townhouse
Avg/Median Rent$2,181 / $2,200Range$1,530 – $2,500Rent per Sq Ft$1 / $1Sq Ft1,891 / 2,234DOM7 / 1New2Total4
Rentals by Bedroom Count
Studio
Avg:$1,480Median:$1,222Range:$1,222 – $1,739PSF:$4 / $2Sq Ft:429 / 300DOM:1 / 1New:0Total:2
1 Beds
Avg:$1,482Median:$1,406Range:$950 – $4,151PSF:$2 / $2Sq Ft:789 / 765DOM:13 / 1New:57Total:98
2 Beds
Avg:$1,725Median:$1,666Range:$1,224 – $5,168PSF:$1 / $1Sq Ft:1,140 / 1,144DOM:8 / 1New:89Total:143
3 Beds
Avg:$2,047Median:$1,937Range:$1,433 – $5,000PSF:$1 / $1Sq Ft:1,445 / 1,435DOM:3 / 1New:36Total:65
4 Beds
Avg:$2,941Median:$2,500Range:$2,200 – $4,500PSF:$1 / $1Sq Ft:2,535 / 2,422DOM:59 / 15New:0Total:6
5 Beds
Avg:$4,022Median:$3,445Range:$3,445 – $4,600PSF:$1 / $1Sq Ft:3,200 / 3,145DOM:1 / 1New:1Total:2
6 Beds
Avg:$4,400Median:$3,300Range:$3,300 – $5,500PSF:$1 / $1Sq Ft:4,713 / 3,674DOM:52 / 33New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,480 | $1,222 | $1,222 – $1,739 | $4 / $2 | 429 / 300 | 1 / 1 | 0 | 2 |
| 1 Beds | $1,482 | $1,406 | $950 – $4,151 | $2 / $2 | 789 / 765 | 13 / 1 | 57 | 98 |
| 2 Beds | $1,725 | $1,666 | $1,224 – $5,168 | $1 / $1 | 1,140 / 1,144 | 8 / 1 | 89 | 143 |
| 3 Beds | $2,047 | $1,937 | $1,433 – $5,000 | $1 / $1 | 1,445 / 1,435 | 3 / 1 | 36 | 65 |
| 4 Beds | $2,941 | $2,500 | $2,200 – $4,500 | $1 / $1 | 2,535 / 2,422 | 59 / 15 | 0 | 6 |
| 5 Beds | $4,022 | $3,445 | $3,445 – $4,600 | $1 / $1 | 3,200 / 3,145 | 1 / 1 | 1 | 2 |
| 6 Beds | $4,400 | $3,300 | $3,300 – $5,500 | $1 / $1 | 4,713 / 3,674 | 52 / 33 | 0 | 2 |
6-Month Sales Trend
Mar 2026
Median Price:$715,000Median DOM:19New:33Total:75
Apr 2026
Median Price:$725,000Median DOM:9New:38Total:94
May 2026
Median Price:$725,000Median DOM:18New:21Total:92
Jun 2026
Median Price:$759,000Median DOM:26New:27Total:90
Jul 2026
Median Price:$740,000Median DOM:25New:26Total:80
Aug 2026
Median Price:$749,000Median DOM:33New:5Total:78
6-Month Rental Trend
Mar 2026
Median Rent:$1,545Median DOM:1New:170Total:263
Apr 2026
Median Rent:$1,559Median DOM:1New:167Total:261
May 2026
Median Rent:$1,640Median DOM:1New:185Total:261
Jun 2026
Median Rent:$1,662Median DOM:1New:217Total:290
Jul 2026
Median Rent:$1,664Median DOM:1New:226Total:309
Aug 2026
Median Rent:$1,654Median DOM:1New:183Total:318
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market lengthened, signaling slower 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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