ZIP 27540 Housing Market Report
Raleigh Metro
Report period: August 2026
27540 Monthly Market Update – August 2026
ZIP 27540 · Last updated Aug 11, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$675,000
0.0%
Median DOM (Sales)
33
0.0%
New Listings (Sales)
44
−56.4%
Median Rent
$1,695
+1.6%
Median DOM (Rental)
1
0.0%
Total Rental Listings
351
−2.8%
Month-over-Month Movement
Median sale prices were flat. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Multi-Family (12 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($899,900 median)
Sales Market Overview
Median Price
$675,000
0.0%
Median DOM
33
0.0%
New Listings
44
−56.4%
Inventory
358
+0.8%
- Average Price: $694,540
- Median Price: $675,000
- Price Range: $84,000 – $2,900,000
- Price per Sq Ft (Avg/Median): $249 / $238
- Square Footage (Avg/Median): 2,856 / 2,796
- Square Footage Range: 527 – 5,682
- Days on Market (Avg/Median): 53 / 33
- Days on Market Range: 2 – 361
- New Listings: 44
- Total Listings: 358
Sales by Property Type
Land
Avg/Median Price$528,190 / $225,000Range$84,000 – $2,900,000Price per Sq Ft—Sq Ft—DOM132 / 130New0Total20
Manufactured
Avg/Median Price$430,000 / $430,000Range$430,000 – $430,000Price per Sq Ft$216 / $216Sq Ft1,989 / 1,989DOM205 / 205New0Total1
Multi-Family
Avg/Median Price$534,000 / $534,000Range$534,000 – $534,000Price per Sq Ft$216 / $216Sq Ft2,473 / 2,473DOM12 / 12New0Total1
Single Family
Avg/Median Price$734,977 / $700,000Range$165,000 – $2,299,950Price per Sq Ft$253 / $240Sq Ft2,953 / 2,903DOM47 / 27New43Total308
Townhouse
Avg/Median Price$383,729 / $378,000Range$263,000 – $565,000Price per Sq Ft$212 / $210Sq Ft1,838 / 1,699DOM67 / 48New1Total28
Sales by Bedroom Count
Studio
Avg:$584,900Median:$584,900Range:$584,900 – $584,900PSF:$203 / $203Sq Ft:2,882 / 2,882DOM:35 / 35New:0Total:1
2 Beds
Avg:$396,925Median:$317,500Range:$249,900 – $649,000PSF:$301 / $238Sq Ft:1,364 / 1,324DOM:80 / 25New:1Total:8
3 Beds
Avg:$566,441Median:$529,900Range:$165,000 – $979,000PSF:$270 / $247Sq Ft:2,101 / 2,015DOM:49 / 33New:13Total:105
4 Beds
Avg:$684,916Median:$650,000Range:$380,000 – $1,359,000PSF:$237 / $237Sq Ft:2,876 / 2,851DOM:48 / 29New:9Total:118
5 Beds
Avg:$876,147Median:$794,000Range:$495,000 – $2,299,950PSF:$241 / $236Sq Ft:3,588 / 3,538DOM:48 / 25New:19Total:94
6 Beds
Avg:$972,242Median:$899,900Range:$635,000 – $1,750,000PSF:$212 / $200Sq Ft:4,532 / 4,469DOM:51 / 46New:2Total:12
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $584,900 | $584,900 | $584,900 – $584,900 | $203 / $203 | 2,882 / 2,882 | 35 / 35 | 0 | 1 |
| 2 Beds | $396,925 | $317,500 | $249,900 – $649,000 | $301 / $238 | 1,364 / 1,324 | 80 / 25 | 1 | 8 |
| 3 Beds | $566,441 | $529,900 | $165,000 – $979,000 | $270 / $247 | 2,101 / 2,015 | 49 / 33 | 13 | 105 |
| 4 Beds | $684,916 | $650,000 | $380,000 – $1,359,000 | $237 / $237 | 2,876 / 2,851 | 48 / 29 | 9 | 118 |
| 5 Beds | $876,147 | $794,000 | $495,000 – $2,299,950 | $241 / $236 | 3,588 / 3,538 | 48 / 25 | 19 | 94 |
| 6 Beds | $972,242 | $899,900 | $635,000 – $1,750,000 | $212 / $200 | 4,532 / 4,469 | 51 / 46 | 2 | 12 |
Rental Market Overview
Median Rent
$1,695
+1.6%
Median DOM
1
0.0%
New Listings
147
Inventory
351
−2.8%
- Average Rent: $1,749
- Median Rent: $1,695
- Rent Range: $600 – $4,195
- Rent per Sq Ft (Avg/Median): $2 / $1
- Square Footage (Avg/Median): 1,258 / 1,112
- Square Footage Range: 300 – 3,670
- Days on Market (Avg/Median): 13 / 1
- Days on Market Range: 1 – 309
- New Listings: 147
- Total Listings: 351
Rentals by Property Type
Apartment
$1,497
Median DOM: 1
Inventory: 237
MoM: +1.6%
Condo
$1,450
Median DOM: 1
Inventory: 2
MoM: +1.6%
Single Family
$2,150
Median DOM: 13
Inventory: 81
MoM: +1.6%
Townhouse
$2,050
Median DOM: 16
Inventory: 31
MoM: +1.6%
Apartment
Avg/Median Rent$1,553 / $1,497Range$671 – $2,295Rent per Sq Ft$2 / $2Sq Ft981 / 953DOM5 / 1New119Total237
Condo
Avg/Median Rent$1,472 / $1,450Range$1,450 – $1,495Rent per Sq Ft$2 / $2Sq Ft887 / 800DOM1 / 1New2Total2
Single Family
Avg/Median Rent$2,211 / $2,150Range$600 – $4,195Rent per Sq Ft$1 / $1Sq Ft1,914 / 1,800DOM25 / 13New16Total81
Townhouse
Avg/Median Rent$2,061 / $2,050Range$1,250 – $2,595Rent per Sq Ft$1 / $1Sq Ft1,840 / 1,805DOM45 / 16New10Total31
Rentals by Bedroom Count
1 Beds
Avg:$1,363Median:$1,377Range:$600 – $1,863PSF:$2 / $2Sq Ft:831 / 796DOM:9 / 1New:55Total:120
2 Beds
Avg:$1,662Median:$1,668Range:$1,250 – $2,295PSF:$1 / $1Sq Ft:1,125 / 1,139DOM:4 / 1New:57Total:105
3 Beds
Avg:$2,051Median:$2,000Range:$1,380 – $3,200PSF:$1 / $1Sq Ft:1,554 / 1,437DOM:27 / 4New:28Total:92
4 Beds
Avg:$2,432Median:$2,425Range:$1,795 – $3,200PSF:$1 / $1Sq Ft:2,284 / 2,332DOM:15 / 11New:7Total:29
5 Beds
Avg:$3,316Median:$3,350Range:$2,585 – $4,195PSF:$1 / $1Sq Ft:3,392 / 3,536DOM:14 / 15New:0Total:5
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,363 | $1,377 | $600 – $1,863 | $2 / $2 | 831 / 796 | 9 / 1 | 55 | 120 |
| 2 Beds | $1,662 | $1,668 | $1,250 – $2,295 | $1 / $1 | 1,125 / 1,139 | 4 / 1 | 57 | 105 |
| 3 Beds | $2,051 | $2,000 | $1,380 – $3,200 | $1 / $1 | 1,554 / 1,437 | 27 / 4 | 28 | 92 |
| 4 Beds | $2,432 | $2,425 | $1,795 – $3,200 | $1 / $1 | 2,284 / 2,332 | 15 / 11 | 7 | 29 |
| 5 Beds | $3,316 | $3,350 | $2,585 – $4,195 | $1 / $1 | 3,392 / 3,536 | 14 / 15 | 0 | 5 |
6-Month Sales Trend
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:33New:101Total:355
Aug 2026
Median Price:$675,000Median DOM:33New:44Total:358
6-Month Rental Trend
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:$1,668Median DOM:1New:213Total:361
Aug 2026
Median Rent:$1,695Median DOM:1New:147Total:351
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. Days on market were unchanged, signaling steady buyer activity. Rental pricing increased, while total rental inventory tightened.
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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