ZIP 27520 Housing Market Report
Raleigh Metro
Report period: August 2026
27520 Monthly Market Update – August 2026
ZIP 27520 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$369,990
−0.8%
Median DOM (Sales)
29
−3.3%
New Listings (Sales)
99
−52.4%
Median Rent
$1,725
+0.3%
Median DOM (Rental)
1
0.0%
Total Rental Listings
480
+1.3%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Multi-Family (7 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($475,000 median)
Sales Market Overview
Median Price
$369,990
−0.8%
Median DOM
29
−3.3%
New Listings
99
−52.4%
Inventory
580
−0.3%
- Average Price: $419,489
- Median Price: $369,990
- Price Range: $70,000 – $4,200,000
- Price per Sq Ft (Avg/Median): $200 / $186
- Square Footage (Avg/Median): 2,115 / 2,028
- Square Footage Range: 475 – 5,268
- Days on Market (Avg/Median): 55 / 29
- Days on Market Range: 1 – 358
- New Listings: 99
- Total Listings: 580
Sales by Property Type
Condo
Avg/Median Price$217,500 / $210,000Range$210,000 – $225,000Price per Sq Ft$199 / $193Sq Ft1,095 / 1,025DOM84 / 8New0Total2
Land
Avg/Median Price$601,934 / $175,000Range$70,000 – $4,200,000Price per Sq Ft—Sq Ft—DOM128 / 132New1Total29
Manufactured
Avg/Median Price$218,210 / $219,350Range$149,900 – $289,900Price per Sq Ft$129 / $138Sq Ft1,751 / 2,004DOM47 / 45New0Total5
Multi-Family
Avg/Median Price$347,464 / $344,250Range$300,000 – $384,700Price per Sq Ft$258 / $261Sq Ft1,359 / 1,290DOM16 / 7New5Total8
Single Family
Avg/Median Price$435,201 / $390,990Range$170,000 – $1,500,000Price per Sq Ft$200 / $190Sq Ft2,244 / 2,271DOM52 / 27New79Total455
Townhouse
Avg/Median Price$290,436 / $259,990Range$209,900 – $1,900,000Price per Sq Ft$199 / $183Sq Ft1,517 / 1,420DOM56 / 26New14Total81
Sales by Bedroom Count
1 Beds
Avg:$202,000Median:$202,000Range:$202,000 – $202,000PSF:$425 / $425Sq Ft:475 / 475DOM:115 / 115New:0Total:1
2 Beds
Avg:$441,596Median:$354,990Range:$209,900 – $1,900,000PSF:$330 / $268Sq Ft:1,332 / 1,290DOM:49 / 20New:7Total:33
3 Beds
Avg:$345,681Median:$319,900Range:$149,900 – $1,250,000PSF:$203 / $195Sq Ft:1,724 / 1,581DOM:54 / 30New:28Total:261
4 Beds
Avg:$463,578Median:$425,000Range:$235,000 – $1,500,000PSF:$186 / $181Sq Ft:2,477 / 2,419DOM:54 / 29New:41Total:191
5 Beds
Avg:$497,026Median:$475,000Range:$349,900 – $825,000PSF:$162 / $160Sq Ft:3,046 / 3,011DOM:35 / 8New:22Total:65
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $202,000 | $202,000 | $202,000 – $202,000 | $425 / $425 | 475 / 475 | 115 / 115 | 0 | 1 |
| 2 Beds | $441,596 | $354,990 | $209,900 – $1,900,000 | $330 / $268 | 1,332 / 1,290 | 49 / 20 | 7 | 33 |
| 3 Beds | $345,681 | $319,900 | $149,900 – $1,250,000 | $203 / $195 | 1,724 / 1,581 | 54 / 30 | 28 | 261 |
| 4 Beds | $463,578 | $425,000 | $235,000 – $1,500,000 | $186 / $181 | 2,477 / 2,419 | 54 / 29 | 41 | 191 |
| 5 Beds | $497,026 | $475,000 | $349,900 – $825,000 | $162 / $160 | 3,046 / 3,011 | 35 / 8 | 22 | 65 |
Rental Market Overview
Median Rent
$1,725
+0.3%
Median DOM
1
0.0%
New Listings
197
Inventory
480
+1.3%
- Average Rent: $1,728
- Median Rent: $1,725
- Rent Range: $800 – $3,650
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,363 / 1,283
- Square Footage Range: 450 – 3,070
- Days on Market (Avg/Median): 15 / 1
- Days on Market Range: 1 – 337
- New Listings: 197
- Total Listings: 480
Rentals by Property Type
Apartment
$1,527
Median DOM: 1
Inventory: 210
MoM: +0.3%
Condo
$1,200
Median DOM: 1
Inventory: 5
MoM: +0.3%
Single Family
$1,905
Median DOM: 1
Inventory: 208
MoM: +0.3%
Townhouse
$1,745
Median DOM: 1
Inventory: 55
MoM: +0.3%
Apartment
Avg/Median Rent$1,543 / $1,527Range$975 – $2,410Rent per Sq Ft$2 / $2Sq Ft1,018 / 1,085DOM8 / 1New101Total210
Condo
Avg/Median Rent$1,234 / $1,200Range$895 – $1,675Rent per Sq Ft$1 / $1Sq Ft1,220 / 1,220DOM2 / 1New4Total5
Manufactured
Avg/Median Rent$1,062 / $800Range$800 – $1,325Rent per Sq Ft$1 / $1Sq Ft1,000 / 1,000DOM11 / 9New0Total2
Single Family
Avg/Median Rent$1,941 / $1,905Range$1,300 – $3,650Rent per Sq Ft$1 / $1Sq Ft1,699 / 1,625DOM19 / 1New73Total208
Townhouse
Avg/Median Rent$1,700 / $1,745Range$1,175 – $2,100Rent per Sq Ft$1 / $1Sq Ft1,440 / 1,489DOM28 / 1New19Total55
Rentals by Bedroom Count
1 Beds
Avg:$1,344Median:$1,349Range:$800 – $1,925PSF:$2 / $2Sq Ft:763 / 804DOM:16 / 1New:42Total:86
2 Beds
Avg:$1,548Median:$1,545Range:$1,175 – $2,410PSF:$1 / $1Sq Ft:1,104 / 1,130DOM:5 / 1New:62Total:123
3 Beds
Avg:$1,856Median:$1,850Range:$1,325 – $2,340PSF:$1 / $1Sq Ft:1,545 / 1,500DOM:20 / 1New:73Total:208
4 Beds
Avg:$2,176Median:$2,135Range:$1,795 – $3,650PSF:$1 / $1Sq Ft:2,015 / 1,995DOM:16 / 1New:18Total:57
5 Beds
Avg:$2,254Median:$2,145Range:$1,765 – $2,800PSF:$1 / $1Sq Ft:2,379 / 2,347DOM:33 / 1New:2Total:6
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,344 | $1,349 | $800 – $1,925 | $2 / $2 | 763 / 804 | 16 / 1 | 42 | 86 |
| 2 Beds | $1,548 | $1,545 | $1,175 – $2,410 | $1 / $1 | 1,104 / 1,130 | 5 / 1 | 62 | 123 |
| 3 Beds | $1,856 | $1,850 | $1,325 – $2,340 | $1 / $1 | 1,545 / 1,500 | 20 / 1 | 73 | 208 |
| 4 Beds | $2,176 | $2,135 | $1,795 – $3,650 | $1 / $1 | 2,015 / 1,995 | 16 / 1 | 18 | 57 |
| 5 Beds | $2,254 | $2,145 | $1,765 – $2,800 | $1 / $1 | 2,379 / 2,347 | 33 / 1 | 2 | 6 |
6-Month Sales Trend
Mar 2026
Median Price:$359,990Median DOM:27New:198Total:537
Apr 2026
Median Price:$365,000Median DOM:23New:218Total:585
May 2026
Median Price:$372,883Median DOM:26New:214Total:586
Jun 2026
Median Price:$372,990Median DOM:28New:202Total:590
Jul 2026
Median Price:$372,990Median DOM:30New:208Total:582
Aug 2026
Median Price:$369,990Median DOM:29New:99Total:580
6-Month Rental Trend
Mar 2026
Median Rent:$1,651Median DOM:1New:286Total:420
Apr 2026
Median Rent:$1,653Median DOM:1New:282Total:447
May 2026
Median Rent:$1,665Median DOM:1New:277Total:464
Jun 2026
Median Rent:$1,699Median DOM:1New:292Total:468
Jul 2026
Median Rent:$1,720Median DOM:1New:280Total:474
Aug 2026
Median Rent:$1,725Median DOM:1New:197Total:480
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market declined, signaling improving 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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