ZIP 27577 Housing Market Report
Raleigh Metro
Report period: August 2026
27577 Monthly Market Update – August 2026
ZIP 27577 · Last updated Aug 11, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$332,990
+0.0%
Median DOM (Sales)
48
+6.7%
New Listings (Sales)
22
−75.3%
Median Rent
$1,700
+0.3%
Median DOM (Rental)
5
−16.7%
Total Rental Listings
87
+1.2%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Manufactured (10 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 6 Beds ($459,900 median)
Sales Market Overview
Median Price
$332,990
+0.0%
Median DOM
48
+6.7%
New Listings
22
−75.3%
Inventory
375
−2.6%
- Average Price: $393,168
- Median Price: $332,990
- Price Range: $29,900 – $5,450,000
- Price per Sq Ft (Avg/Median): $181 / $178
- Square Footage (Avg/Median): 1,989 / 1,924
- Square Footage Range: 648 – 4,597
- Days on Market (Avg/Median): 76 / 48
- Days on Market Range: 2 – 365
- New Listings: 22
- Total Listings: 375
Sales by Property Type
Condo
Avg/Median Price$149,900 / $149,900Range$149,900 – $149,900Price per Sq Ft$149 / $149Sq Ft1,008 / 1,008DOM61 / 61New0Total1
Land
Avg/Median Price$699,663 / $184,990Range$29,900 – $5,450,000Price per Sq Ft—Sq Ft—DOM104 / 84New2Total41
Manufactured
Avg/Median Price$293,300 / $299,999Range$264,900 – $315,000Price per Sq Ft$172 / $182Sq Ft1,728 / 1,648DOM68 / 10New1Total3
Multi-Family
Avg/Median Price$299,900 / $299,900Range$299,900 – $299,900Price per Sq Ft$165 / $165Sq Ft1,822 / 1,822DOM33 / 33New0Total1
Single Family
Avg/Median Price$365,875 / $349,990Range$79,000 – $1,099,000Price per Sq Ft$184 / $180Sq Ft2,025 / 2,000DOM73 / 48New19Total301
Townhouse
Avg/Median Price$260,494 / $244,900Range$227,690 – $474,500Price per Sq Ft$157 / $162Sq Ft1,673 / 1,418DOM82 / 37New0Total28
Sales by Bedroom Count
Studio
Avg:$150,000Median:$150,000Range:$150,000 – $150,000PSF:—Sq Ft:—DOM:236 / 236New:0Total:1
1 Beds
Avg:$159,900Median:$159,900Range:$159,900 – $159,900PSF:$172 / $172Sq Ft:927 / 927DOM:22 / 22New:0Total:1
2 Beds
Avg:$198,630Median:$163,000Range:$79,000 – $324,900PSF:$171 / $175Sq Ft:1,237 / 1,170DOM:60 / 66New:0Total:10
3 Beds
Avg:$335,095Median:$319,990Range:$125,000 – $1,000,000PSF:$186 / $182Sq Ft:1,818 / 1,760DOM:68 / 47New:14Total:227
4 Beds
Avg:$426,035Median:$382,995Range:$255,000 – $1,099,000PSF:$175 / $170Sq Ft:2,426 / 2,363DOM:92 / 64New:6Total:83
5 Beds
Avg:$415,295Median:$366,290Range:$326,690 – $669,000PSF:$143 / $143Sq Ft:2,900 / 2,511DOM:39 / 31New:0Total:11
6 Beds
Avg:$459,900Median:$459,900Range:$459,900 – $459,900PSF:$146 / $146Sq Ft:3,142 / 3,142DOM:27 / 27New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $150,000 | $150,000 | $150,000 – $150,000 | — | — | 236 / 236 | 0 | 1 |
| 1 Beds | $159,900 | $159,900 | $159,900 – $159,900 | $172 / $172 | 927 / 927 | 22 / 22 | 0 | 1 |
| 2 Beds | $198,630 | $163,000 | $79,000 – $324,900 | $171 / $175 | 1,237 / 1,170 | 60 / 66 | 0 | 10 |
| 3 Beds | $335,095 | $319,990 | $125,000 – $1,000,000 | $186 / $182 | 1,818 / 1,760 | 68 / 47 | 14 | 227 |
| 4 Beds | $426,035 | $382,995 | $255,000 – $1,099,000 | $175 / $170 | 2,426 / 2,363 | 92 / 64 | 6 | 83 |
| 5 Beds | $415,295 | $366,290 | $326,690 – $669,000 | $143 / $143 | 2,900 / 2,511 | 39 / 31 | 0 | 11 |
| 6 Beds | $459,900 | $459,900 | $459,900 – $459,900 | $146 / $146 | 3,142 / 3,142 | 27 / 27 | 0 | 1 |
Rental Market Overview
Median Rent
$1,700
+0.3%
Median DOM
5
−16.7%
New Listings
25
Inventory
87
+1.2%
- Average Rent: $1,653
- Median Rent: $1,700
- Rent Range: $800 – $2,300
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,399 / 1,304
- Square Footage Range: 616 – 4,356
- Days on Market (Avg/Median): 27 / 5
- Days on Market Range: 1 – 358
- New Listings: 25
- Total Listings: 87
Rentals by Property Type
Apartment
$1,149
Median DOM: 2
Inventory: 10
MoM: +0.3%
Condo
—
Median DOM: —
Inventory: —
MoM: +0.3%
Single Family
$1,750
Median DOM: 1
Inventory: 51
MoM: +0.3%
Townhouse
$1,695
Median DOM: 7
Inventory: 24
MoM: +0.3%
Apartment
Avg/Median Rent$1,163 / $1,149Range$950 – $1,399Rent per Sq Ft$1 / $1Sq Ft901 / 1,000DOM41 / 2New5Total10
Multi-Family
Avg/Median Rent$1,298 / $1,000Range$1,000 – $1,595Rent per Sq Ft$1 / $1Sq Ft962 / 724DOM44 / 33New0Total2
Single Family
Avg/Median Rent$1,749 / $1,750Range$800 – $2,300Rent per Sq Ft$1 / $1Sq Ft1,512 / 1,395DOM18 / 1New13Total51
Townhouse
Avg/Median Rent$1,684 / $1,695Range$1,465 – $1,994Rent per Sq Ft$1 / $1Sq Ft1,384 / 1,409DOM34 / 7New7Total24
Rentals by Bedroom Count
1 Beds
Avg:$998Median:$969Range:$800 – $1,200PSF:$1 / $1Sq Ft:673 / 675DOM:12 / 6New:3Total:6
2 Beds
Avg:$1,310Median:$1,399Range:$850 – $1,475PSF:$1 / $1Sq Ft:1,018 / 1,080DOM:35 / 1New:4Total:13
3 Beds
Avg:$1,767Median:$1,725Range:$1,300 – $2,300PSF:$1 / $1Sq Ft:1,543 / 1,409DOM:27 / 6New:18Total:63
4 Beds
Avg:$1,915Median:$1,800Range:$1,750 – $2,195PSF:$1 / $1Sq Ft:1,760 / 1,395DOM:21 / 1New:0Total:3
5 Beds
Avg:$1,890Median:$1,870Range:$1,870 – $1,910PSF:$1 / $1Sq Ft:1,319 / 1,296DOM:—New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $998 | $969 | $800 – $1,200 | $1 / $1 | 673 / 675 | 12 / 6 | 3 | 6 |
| 2 Beds | $1,310 | $1,399 | $850 – $1,475 | $1 / $1 | 1,018 / 1,080 | 35 / 1 | 4 | 13 |
| 3 Beds | $1,767 | $1,725 | $1,300 – $2,300 | $1 / $1 | 1,543 / 1,409 | 27 / 6 | 18 | 63 |
| 4 Beds | $1,915 | $1,800 | $1,750 – $2,195 | $1 / $1 | 1,760 / 1,395 | 21 / 1 | 0 | 3 |
| 5 Beds | $1,890 | $1,870 | $1,870 – $1,910 | $1 / $1 | 1,319 / 1,296 | — | 0 | 2 |
6-Month Sales Trend
Mar 2026
Median Price:$340,000Median DOM:47New:94Total:387
Apr 2026
Median Price:$339,740Median DOM:47New:79Total:388
May 2026
Median Price:$339,900Median DOM:46New:99Total:367
Jun 2026
Median Price:$334,900Median DOM:41New:86Total:377
Jul 2026
Median Price:$332,900Median DOM:45New:89Total:385
Aug 2026
Median Price:$332,990Median DOM:48New:22Total:375
6-Month Rental Trend
Mar 2026
Median Rent:$1,680Median DOM:9New:31Total:88
Apr 2026
Median Rent:$1,695Median DOM:8New:36Total:89
May 2026
Median Rent:$1,695Median DOM:7New:32Total:93
Jun 2026
Median Rent:$1,700Median DOM:12New:30Total:83
Jul 2026
Median Rent:$1,695Median DOM:6New:32Total:86
Aug 2026
Median Rent:$1,700Median DOM:5New:25Total:87
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market lengthened, signaling slower 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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