ZIP 27523 Housing Market Report
Raleigh Metro
Report period: August 2026
27523 Monthly Market Update – August 2026
ZIP 27523 · Last updated Aug 11, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$734,900
−0.7%
Median DOM (Sales)
25
−13.8%
New Listings (Sales)
47
−42.7%
Median Rent
$1,765
+2.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
296
+5.3%
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: Manufactured (4 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($1,695,000 median)
Sales Market Overview
Median Price
$734,900
−0.7%
Median DOM
25
−13.8%
New Listings
47
−42.7%
Inventory
221
−0.9%
- Average Price: $832,769
- Median Price: $734,900
- Price Range: $100,000 – $3,850,000
- Price per Sq Ft (Avg/Median): $271 / $252
- Square Footage (Avg/Median): 2,978 / 2,789
- Square Footage Range: 1,110 – 6,256
- Days on Market (Avg/Median): 59 / 25
- Days on Market Range: 2 – 362
- New Listings: 47
- Total Listings: 221
Sales by Property Type
Apartment
Avg/Median Price$598,000 / $598,000Range$598,000 – $598,000Price per Sq Ft$276 / $276Sq Ft2,165 / 2,165DOM10 / 10New1Total1
Land
Avg/Median Price$839,421 / $750,000Range$100,000 – $2,799,000Price per Sq Ft—Sq Ft—DOM127 / 96New0Total19
Manufactured
Avg/Median Price$490,000 / $490,000Range$490,000 – $490,000Price per Sq Ft$277 / $277Sq Ft1,769 / 1,769DOM4 / 4New0Total1
Single Family
Avg/Median Price$1,056,569 / $850,000Range$520,000 – $3,850,000Price per Sq Ft$300 / $270Sq Ft3,503 / 3,352DOM46 / 17New28Total120
Townhouse
Avg/Median Price$502,708 / $512,000Range$330,000 – $647,000Price per Sq Ft$229 / $233Sq Ft2,217 / 2,227DOM68 / 26New18Total80
Sales by Bedroom Count
2 Beds
Avg:$1,367,475Median:$414,900Range:$330,000 – $3,850,000PSF:$547 / $236Sq Ft:2,274 / 1,759DOM:59 / 26New:0Total:4
3 Beds
Avg:$549,139Median:$506,500Range:$399,900 – $1,050,000PSF:$243 / $240Sq Ft:2,301 / 2,152DOM:66 / 31New:6Total:49
4 Beds
Avg:$705,297Median:$635,000Range:$455,000 – $2,490,000PSF:$256 / $246Sq Ft:2,705 / 2,503DOM:52 / 20New:25Total:86
5 Beds
Avg:$1,168,873Median:$989,000Range:$579,000 – $2,440,000PSF:$298 / $282Sq Ft:3,837 / 3,610DOM:45 / 9New:16Total:57
6 Beds
Avg:$1,129,633Median:$1,129,900Range:$810,000 – $1,449,000PSF:$256 / $225Sq Ft:4,421 / 4,282DOM:71 / 47New:0Total:3
7 Beds
Avg:$1,681,667Median:$1,695,000Range:$1,100,000 – $2,250,000PSF:$327 / $360Sq Ft:5,065 / 4,570DOM:91 / 26New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $1,367,475 | $414,900 | $330,000 – $3,850,000 | $547 / $236 | 2,274 / 1,759 | 59 / 26 | 0 | 4 |
| 3 Beds | $549,139 | $506,500 | $399,900 – $1,050,000 | $243 / $240 | 2,301 / 2,152 | 66 / 31 | 6 | 49 |
| 4 Beds | $705,297 | $635,000 | $455,000 – $2,490,000 | $256 / $246 | 2,705 / 2,503 | 52 / 20 | 25 | 86 |
| 5 Beds | $1,168,873 | $989,000 | $579,000 – $2,440,000 | $298 / $282 | 3,837 / 3,610 | 45 / 9 | 16 | 57 |
| 6 Beds | $1,129,633 | $1,129,900 | $810,000 – $1,449,000 | $256 / $225 | 4,421 / 4,282 | 71 / 47 | 0 | 3 |
| 7 Beds | $1,681,667 | $1,695,000 | $1,100,000 – $2,250,000 | $327 / $360 | 5,065 / 4,570 | 91 / 26 | 0 | 3 |
Rental Market Overview
Median Rent
$1,765
+2.0%
Median DOM
1
0.0%
New Listings
136
Inventory
296
+5.3%
- Average Rent: $1,891
- Median Rent: $1,765
- Rent Range: $1,198 – $4,350
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,269 / 1,074
- Square Footage Range: 645 – 3,750
- Days on Market (Avg/Median): 6 / 1
- Days on Market Range: 1 – 334
- New Listings: 136
- Total Listings: 296
Rentals by Property Type
Apartment
$1,640
Median DOM: 1
Inventory: 233
MoM: +2.0%
Condo
—
Median DOM: —
Inventory: —
MoM: +2.0%
Single Family
$2,895
Median DOM: 9
Inventory: 27
MoM: +2.0%
Townhouse
$2,425
Median DOM: 17
Inventory: 35
MoM: +2.0%
Apartment
Avg/Median Rent$1,689 / $1,640Range$1,198 – $2,529Rent per Sq Ft$2 / $2Sq Ft1,001 / 1,050DOM3 / 1New128Total233
Multi-Family
Avg/Median Rent$1,350 / $1,350Range$1,350 – $1,350Rent per Sq Ft—Sq Ft—DOM56 / 56New0Total1
Single Family
Avg/Median Rent$2,937 / $2,895Range$1,900 – $4,350Rent per Sq Ft$1 / $1Sq Ft2,605 / 2,650DOM20 / 9New4Total27
Townhouse
Avg/Median Rent$2,441 / $2,425Range$1,895 – $3,000Rent per Sq Ft$1 / $1Sq Ft2,081 / 1,972DOM20 / 17New4Total35
Rentals by Bedroom Count
Studio
Avg:$1,488Median:$1,522Range:$1,419 – $1,522PSF:$2 / $2Sq Ft:652 / 656DOM:15 / 1New:1Total:3
1 Beds
Avg:$1,512Median:$1,490Range:$1,198 – $1,899PSF:$2 / $2Sq Ft:813 / 800DOM:4 / 1New:58Total:110
2 Beds
Avg:$1,805Median:$1,855Range:$1,350 – $2,529PSF:$2 / $2Sq Ft:1,153 / 1,081DOM:3 / 1New:57Total:93
3 Beds
Avg:$2,216Median:$2,194Range:$1,695 – $3,000PSF:$1 / $1Sq Ft:1,611 / 1,413DOM:11 / 1New:17Total:58
4 Beds
Avg:$2,660Median:$2,595Range:$2,195 – $3,250PSF:$1 / $1Sq Ft:2,472 / 2,469DOM:16 / 15New:2Total:24
5 Beds
Avg:$3,586Median:$3,499Range:$2,795 – $4,350PSF:$1 / $1Sq Ft:3,312 / 3,338DOM:15 / 3New:1Total:8
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,488 | $1,522 | $1,419 – $1,522 | $2 / $2 | 652 / 656 | 15 / 1 | 1 | 3 |
| 1 Beds | $1,512 | $1,490 | $1,198 – $1,899 | $2 / $2 | 813 / 800 | 4 / 1 | 58 | 110 |
| 2 Beds | $1,805 | $1,855 | $1,350 – $2,529 | $2 / $2 | 1,153 / 1,081 | 3 / 1 | 57 | 93 |
| 3 Beds | $2,216 | $2,194 | $1,695 – $3,000 | $1 / $1 | 1,611 / 1,413 | 11 / 1 | 17 | 58 |
| 4 Beds | $2,660 | $2,595 | $2,195 – $3,250 | $1 / $1 | 2,472 / 2,469 | 16 / 15 | 2 | 24 |
| 5 Beds | $3,586 | $3,499 | $2,795 – $4,350 | $1 / $1 | 3,312 / 3,338 | 15 / 3 | 1 | 8 |
6-Month Sales Trend
Mar 2026
Median Price:$659,000Median DOM:26New:81Total:198
Apr 2026
Median Price:$719,999Median DOM:19New:88Total:223
May 2026
Median Price:$730,000Median DOM:24New:74Total:221
Jun 2026
Median Price:$735,000Median DOM:32New:82Total:218
Jul 2026
Median Price:$739,900Median DOM:29New:82Total:223
Aug 2026
Median Price:$734,900Median DOM:25New:47Total:221
6-Month Rental Trend
Mar 2026
Median Rent:$1,636Median DOM:1New:186Total:325
Apr 2026
Median Rent:$1,665Median DOM:1New:196Total:298
May 2026
Median Rent:$1,654Median DOM:1New:208Total:299
Jun 2026
Median Rent:$1,669Median DOM:1New:187Total:301
Jul 2026
Median Rent:$1,731Median DOM:1New:193Total:281
Aug 2026
Median Rent:$1,765Median DOM:1New:136Total:296
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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