ZIP 27540 Housing Market Report
Raleigh Metro
Report period: July 2026
27540 Monthly Market Update – July 2026
ZIP 27540 · Last updated Jul 12, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$675,000
−0.7%
Median DOM (Sales)
27
+17.4%
New Listings (Sales)
54
−56.8%
Median Rent
$1,631
−1.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
366
+3.7%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (23 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($925,000 median)
Sales Market Overview
Median Price
$675,000
−0.7%
Median DOM
27
+17.4%
New Listings
54
−56.8%
Inventory
366
−1.6%
- Average Price: $694,736
- Median Price: $675,000
- Price Range: $89,000 – $2,900,000
- Price per Sq Ft (Avg/Median): $252 / $240
- Square Footage (Avg/Median): 2,838 / 2,730
- Square Footage Range: 527 – 5,635
- Days on Market (Avg/Median): 46 / 27
- Days on Market Range: 2 – 338
- New Listings: 54
- Total Listings: 366
Sales by Property Type
Land
Avg/Median Price$562,062 / $250,000Range$89,000 – $2,900,000Price per Sq Ft—Sq Ft—DOM114 / 100New0Total21
Manufactured
Avg/Median Price$448,000 / $448,000Range$448,000 – $448,000Price per Sq Ft$225 / $225Sq Ft1,989 / 1,989DOM175 / 175New0Total1
Single Family
Avg/Median Price$731,911 / $715,000Range$165,000 – $1,750,000Price per Sq Ft$256 / $242Sq Ft2,926 / 2,861DOM41 / 23New52Total315
Townhouse
Avg/Median Price$395,524 / $380,000Range$263,000 – $565,000Price per Sq Ft$210 / $210Sq Ft1,912 / 1,789DOM60 / 50New2Total29
Sales by Bedroom Count
Studio
Avg:$589,900Median:$589,900Range:$589,900 – $589,900PSF:$205 / $205Sq Ft:2,882 / 2,882DOM:5 / 5New:1Total:1
2 Beds
Avg:$505,180Median:$599,000Range:$249,900 – $675,000PSF:$345 / $356Sq Ft:1,480 / 1,682DOM:102 / 65New:1Total:10
3 Beds
Avg:$553,970Median:$480,000Range:$165,000 – $979,000PSF:$273 / $257Sq Ft:2,024 / 1,990DOM:40 / 23New:17Total:115
4 Beds
Avg:$714,142Median:$675,000Range:$380,000 – $1,700,000PSF:$237 / $237Sq Ft:3,001 / 2,903DOM:42 / 24New:13Total:121
5 Beds
Avg:$861,283Median:$795,015Range:$498,500 – $1,599,000PSF:$238 / $234Sq Ft:3,592 / 3,538DOM:44 / 19New:21Total:83
6 Beds
Avg:$1,014,957Median:$925,000Range:$650,000 – $1,750,000PSF:$224 / $207Sq Ft:4,484 / 4,469DOM:36 / 22New:1Total:15
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $589,900 | $589,900 | $589,900 – $589,900 | $205 / $205 | 2,882 / 2,882 | 5 / 5 | 1 | 1 |
| 2 Beds | $505,180 | $599,000 | $249,900 – $675,000 | $345 / $356 | 1,480 / 1,682 | 102 / 65 | 1 | 10 |
| 3 Beds | $553,970 | $480,000 | $165,000 – $979,000 | $273 / $257 | 2,024 / 1,990 | 40 / 23 | 17 | 115 |
| 4 Beds | $714,142 | $675,000 | $380,000 – $1,700,000 | $237 / $237 | 3,001 / 2,903 | 42 / 24 | 13 | 121 |
| 5 Beds | $861,283 | $795,015 | $498,500 – $1,599,000 | $238 / $234 | 3,592 / 3,538 | 44 / 19 | 21 | 83 |
| 6 Beds | $1,014,957 | $925,000 | $650,000 – $1,750,000 | $224 / $207 | 4,484 / 4,469 | 36 / 22 | 1 | 15 |
Rental Market Overview
Median Rent
$1,631
−1.0%
Median DOM
1
0.0%
New Listings
161
Inventory
366
+3.7%
- Average Rent: $1,733
- Median Rent: $1,631
- Rent Range: $600 – $5,395
- Rent per Sq Ft (Avg/Median): $2 / $1
- Square Footage (Avg/Median): 1,243 / 1,100
- Square Footage Range: 300 – 5,625
- Days on Market (Avg/Median): 12 / 1
- Days on Market Range: 1 – 328
- New Listings: 161
- Total Listings: 366
Rentals by Property Type
Apartment
$1,497
Median DOM: 1
Inventory: 255
MoM: −1.0%
Condo
$1,425
Median DOM: 1
Inventory: 2
MoM: −1.0%
Single Family
$2,100
Median DOM: 10
Inventory: 75
MoM: −1.0%
Townhouse
$2,050
Median DOM: 10
Inventory: 34
MoM: −1.0%
Apartment
Avg/Median Rent$1,544 / $1,497Range$671 – $2,420Rent per Sq Ft$2 / $2Sq Ft980 / 953DOM4 / 1New124Total255
Condo
Avg/Median Rent$1,460 / $1,425Range$1,425 – $1,495Rent per Sq Ft$2 / $2Sq Ft887 / 800DOM1 / 1New1Total2
Single Family
Avg/Median Rent$2,229 / $2,100Range$600 – $5,395Rent per Sq Ft$1 / $1Sq Ft1,946 / 1,660DOM25 / 10New25Total75
Townhouse
Avg/Median Rent$2,072 / $2,050Range$1,250 – $2,490Rent per Sq Ft$1 / $1Sq Ft1,828 / 1,805DOM44 / 10New11Total34
Rentals by Bedroom Count
Studio
Avg:$1,900Median:$1,900Range:$1,900 – $1,900PSF:$1 / $1Sq Ft:1,717 / 1,717DOM:10 / 10New:0Total:1
1 Beds
Avg:$1,358Median:$1,375Range:$600 – $1,644PSF:$2 / $2Sq Ft:824 / 793DOM:7 / 1New:64Total:126
2 Beds
Avg:$1,646Median:$1,631Range:$1,249 – $2,174PSF:$1 / $1Sq Ft:1,119 / 1,104DOM:5 / 1New:54Total:116
3 Beds
Avg:$2,069Median:$1,995Range:$1,500 – $3,395PSF:$1 / $1Sq Ft:1,584 / 1,448DOM:25 / 3New:34Total:95
4 Beds
Avg:$2,354Median:$2,250Range:$1,795 – $3,200PSF:$1 / $1Sq Ft:2,183 / 2,215DOM:12 / 3New:8Total:20
5 Beds
Avg:$3,011Median:$2,995Range:$2,495 – $3,350PSF:$1 / $1Sq Ft:3,340 / 3,289DOM:60 / 23New:1Total:7
6 Beds
Avg:$5,395Median:$5,395Range:$5,395 – $5,395PSF:$1 / $1Sq Ft:5,625 / 5,625DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,900 | $1,900 | $1,900 – $1,900 | $1 / $1 | 1,717 / 1,717 | 10 / 10 | 0 | 1 |
| 1 Beds | $1,358 | $1,375 | $600 – $1,644 | $2 / $2 | 824 / 793 | 7 / 1 | 64 | 126 |
| 2 Beds | $1,646 | $1,631 | $1,249 – $2,174 | $1 / $1 | 1,119 / 1,104 | 5 / 1 | 54 | 116 |
| 3 Beds | $2,069 | $1,995 | $1,500 – $3,395 | $1 / $1 | 1,584 / 1,448 | 25 / 3 | 34 | 95 |
| 4 Beds | $2,354 | $2,250 | $1,795 – $3,200 | $1 / $1 | 2,183 / 2,215 | 12 / 3 | 8 | 20 |
| 5 Beds | $3,011 | $2,995 | $2,495 – $3,350 | $1 / $1 | 3,340 / 3,289 | 60 / 23 | 1 | 7 |
| 6 Beds | $5,395 | $5,395 | $5,395 – $5,395 | $1 / $1 | 5,625 / 5,625 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
Feb 2026
Median Price:$625,000Median DOM:30New:82Total:251
Mar 2026
Median Price:$630,000Median DOM:18New:111Total:283
Apr 2026
Median Price:$648,000Median DOM:15New:128Total:314
May 2026
Median Price:$654,900Median DOM:18New:142Total:359
Jun 2026
Median Price:$680,000Median DOM:23New:125Total:372
Jul 2026
Median Price:$675,000Median DOM:27New:54Total:366
6-Month Rental Trend
Feb 2026
Median Rent:$1,681Median DOM:1New:215Total:310
Mar 2026
Median Rent:$1,698Median DOM:1New:226Total:321
Apr 2026
Median Rent:$1,674Median DOM:1New:212Total:349
May 2026
Median Rent:$1,673Median DOM:1New:235Total:342
Jun 2026
Median Rent:$1,648Median DOM:1New:231Total:353
Jul 2026
Median Rent:$1,631Median DOM:1New:161Total:366
Key Market Takeaways
Median sale prices softened 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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