ZIP 27587 Housing Market Report
Raleigh Metro
Report period: July 2026
27587 Monthly Market Update – July 2026
ZIP 27587 · Last updated Jul 11, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$494,999
+0.0%
Median DOM (Sales)
35
+9.4%
New Listings (Sales)
174
−46.5%
Median Rent
$1,850
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
645
+3.9%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Multi-Family (4 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($799,900 median)
Sales Market Overview
Median Price
$494,999
+0.0%
Median DOM
35
+9.4%
New Listings
174
−46.5%
Inventory
961
−1.2%
- Average Price: $633,473
- Median Price: $494,999
- Price Range: $70,000 – $4,255,000
- Price per Sq Ft (Avg/Median): $224 / $202
- Square Footage (Avg/Median): 2,713 / 2,480
- Square Footage Range: 876 – 14,438
- Days on Market (Avg/Median): 56 / 35
- Days on Market Range: 1 – 363
- New Listings: 174
- Total Listings: 961
Sales by Property Type
Condo
Avg/Median Price$336,486 / $335,000Range$250,000 – $440,000Price per Sq Ft$177 / $163Sq Ft1,984 / 1,586DOM26 / 7New27Total49
Land
Avg/Median Price$479,246 / $365,000Range$70,000 – $1,650,000Price per Sq Ft—Sq Ft—DOM110 / 88New0Total26
Manufactured
Avg/Median Price$204,900 / $99,900Range$99,900 – $309,900Price per Sq Ft$125 / $71Sq Ft1,569 / 1,402DOM145 / 7New0Total2
Multi-Family
Avg/Median Price$413,973 / $395,000Range$175,000 – $925,000Price per Sq Ft$204 / $172Sq Ft2,166 / 2,273DOM36 / 4New11Total21
Single Family
Avg/Median Price$776,234 / $614,900Range$155,000 – $4,255,000Price per Sq Ft$241 / $221Sq Ft3,106 / 2,966DOM59 / 38New72Total636
Townhouse
Avg/Median Price$339,344 / $333,194Range$185,000 – $724,900Price per Sq Ft$187 / $190Sq Ft1,831 / 1,800DOM51 / 22New64Total227
Sales by Bedroom Count
Studio
Avg:$531,320Median:$405,000Range:$210,000 – $1,171,600PSF:$179 / $175Sq Ft:2,741 / 2,227DOM:40 / 44New:0Total:5
1 Beds
Avg:$225,000Median:$225,000Range:$225,000 – $225,000PSF:$211 / $211Sq Ft:1,065 / 1,065DOM:35 / 35New:0Total:1
2 Beds
Avg:$342,780Median:$295,000Range:$155,000 – $699,000PSF:$227 / $214Sq Ft:1,569 / 1,524DOM:36 / 10New:13Total:42
3 Beds
Avg:$419,297Median:$365,000Range:$99,900 – $2,350,000PSF:$209 / $196Sq Ft:2,002 / 1,903DOM:48 / 21New:91Total:388
4 Beds
Avg:$802,110Median:$631,000Range:$260,000 – $2,999,900PSF:$239 / $218Sq Ft:3,167 / 2,973DOM:64 / 44New:47Total:350
5 Beds
Avg:$924,751Median:$649,000Range:$415,000 – $4,255,000PSF:$229 / $196Sq Ft:3,804 / 3,434DOM:60 / 40New:22Total:134
6 Beds
Avg:$777,564Median:$700,000Range:$465,000 – $1,300,000PSF:$189 / $184Sq Ft:4,059 / 4,024DOM:50 / 23New:1Total:14
7 Beds
Avg:$799,900Median:$799,900Range:$799,900 – $799,900PSF:$195 / $195Sq Ft:4,108 / 4,108DOM:36 / 36New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $531,320 | $405,000 | $210,000 – $1,171,600 | $179 / $175 | 2,741 / 2,227 | 40 / 44 | 0 | 5 |
| 1 Beds | $225,000 | $225,000 | $225,000 – $225,000 | $211 / $211 | 1,065 / 1,065 | 35 / 35 | 0 | 1 |
| 2 Beds | $342,780 | $295,000 | $155,000 – $699,000 | $227 / $214 | 1,569 / 1,524 | 36 / 10 | 13 | 42 |
| 3 Beds | $419,297 | $365,000 | $99,900 – $2,350,000 | $209 / $196 | 2,002 / 1,903 | 48 / 21 | 91 | 388 |
| 4 Beds | $802,110 | $631,000 | $260,000 – $2,999,900 | $239 / $218 | 3,167 / 2,973 | 64 / 44 | 47 | 350 |
| 5 Beds | $924,751 | $649,000 | $415,000 – $4,255,000 | $229 / $196 | 3,804 / 3,434 | 60 / 40 | 22 | 134 |
| 6 Beds | $777,564 | $700,000 | $465,000 – $1,300,000 | $189 / $184 | 4,059 / 4,024 | 50 / 23 | 1 | 14 |
| 7 Beds | $799,900 | $799,900 | $799,900 – $799,900 | $195 / $195 | 4,108 / 4,108 | 36 / 36 | 0 | 1 |
Rental Market Overview
Median Rent
$1,850
0.0%
Median DOM
1
0.0%
New Listings
305
Inventory
645
+3.9%
- Average Rent: $1,945
- Median Rent: $1,850
- Rent Range: $950 – $6,000
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,479 / 1,343
- Square Footage Range: 561 – 5,100
- Days on Market (Avg/Median): 13 / 1
- Days on Market Range: 1 – 341
- New Listings: 305
- Total Listings: 645
Rentals by Property Type
Apartment
$1,575
Median DOM: 1
Inventory: 344
MoM: 0.0%
Condo
$1,999
Median DOM: 5
Inventory: 13
MoM: 0.0%
Single Family
$2,375
Median DOM: 1
Inventory: 190
MoM: 0.0%
Townhouse
$1,955
Median DOM: 5
Inventory: 96
MoM: 0.0%
Apartment
Avg/Median Rent$1,676 / $1,575Range$1,139 – $3,550Rent per Sq Ft$2 / $2Sq Ft1,067 / 1,055DOM7 / 1New186Total344
Condo
Avg/Median Rent$1,946 / $1,999Range$1,250 – $2,595Rent per Sq Ft$1 / $1Sq Ft1,798 / 1,576DOM51 / 5New4Total13
Multi-Family
Avg/Median Rent$2,000 / $2,000Range$2,000 – $2,000Rent per Sq Ft—Sq Ft—DOM71 / 69New0Total2
Single Family
Avg/Median Rent$2,390 / $2,375Range$1,295 – $6,000Rent per Sq Ft$1 / $1Sq Ft2,084 / 1,894DOM15 / 1New82Total190
Townhouse
Avg/Median Rent$2,025 / $1,955Range$950 – $4,000Rent per Sq Ft$1 / $1Sq Ft1,782 / 1,744DOM21 / 5New33Total96
Rentals by Bedroom Count
1 Beds
Avg:$1,416Median:$1,385Range:$950 – $2,210PSF:$2 / $2Sq Ft:822 / 813DOM:15 / 1New:79Total:145
2 Beds
Avg:$1,754Median:$1,629Range:$1,222 – $3,550PSF:$2 / $2Sq Ft:1,164 / 1,110DOM:3 / 1New:80Total:158
3 Beds
Avg:$2,047Median:$1,995Range:$1,369 – $3,500PSF:$1 / $1Sq Ft:1,633 / 1,539DOM:17 / 1New:101Total:236
4 Beds
Avg:$2,587Median:$2,520Range:$1,900 – $4,000PSF:$1 / $1Sq Ft:2,351 / 2,302DOM:17 / 1New:32Total:80
5 Beds
Avg:$3,142Median:$2,895Range:$2,470 – $6,000PSF:$1 / $1Sq Ft:3,047 / 2,871DOM:8 / 1New:13Total:25
6 Beds
Avg:$3,400Median:$3,400Range:$3,400 – $3,400PSF:$1 / $1Sq Ft:4,206 / 4,206DOM:27 / 27New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,416 | $1,385 | $950 – $2,210 | $2 / $2 | 822 / 813 | 15 / 1 | 79 | 145 |
| 2 Beds | $1,754 | $1,629 | $1,222 – $3,550 | $2 / $2 | 1,164 / 1,110 | 3 / 1 | 80 | 158 |
| 3 Beds | $2,047 | $1,995 | $1,369 – $3,500 | $1 / $1 | 1,633 / 1,539 | 17 / 1 | 101 | 236 |
| 4 Beds | $2,587 | $2,520 | $1,900 – $4,000 | $1 / $1 | 2,351 / 2,302 | 17 / 1 | 32 | 80 |
| 5 Beds | $3,142 | $2,895 | $2,470 – $6,000 | $1 / $1 | 3,047 / 2,871 | 8 / 1 | 13 | 25 |
| 6 Beds | $3,400 | $3,400 | $3,400 – $3,400 | $1 / $1 | 4,206 / 4,206 | 27 / 27 | 0 | 1 |
6-Month Sales Trend
Feb 2026
Median Price:$475,000Median DOM:34New:250Total:739
Mar 2026
Median Price:$485,000Median DOM:22New:346Total:828
Apr 2026
Median Price:$490,000Median DOM:22New:347Total:905
May 2026
Median Price:$499,000Median DOM:24New:352Total:964
Jun 2026
Median Price:$494,900Median DOM:32New:325Total:973
Jul 2026
Median Price:$494,999Median DOM:35New:174Total:961
6-Month Rental Trend
Feb 2026
Median Rent:$1,755Median DOM:1New:320Total:538
Mar 2026
Median Rent:$1,795Median DOM:1New:374Total:571
Apr 2026
Median Rent:$1,800Median DOM:1New:352Total:590
May 2026
Median Rent:$1,805Median DOM:1New:360Total:588
Jun 2026
Median Rent:$1,850Median DOM:1New:401Total:621
Jul 2026
Median Rent:$1,850Median DOM:1New:305Total:645
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing remained stable, 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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