ZIP 27587 Housing Market Report
Raleigh Metro
Report period: August 2026
27587 Monthly Market Update – August 2026
ZIP 27587 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$474,900
+0.9%
Median DOM (Sales)
35
−2.8%
New Listings (Sales)
201
−39.6%
Median Rent
$1,835
−0.5%
Median DOM (Rental)
1
0.0%
Total Rental Listings
642
+0.9%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Condo (6 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($750,000 median)
Sales Market Overview
Median Price
$474,900
+0.9%
Median DOM
35
−2.8%
New Listings
201
−39.6%
Inventory
999
+0.6%
- Average Price: $623,765
- Median Price: $474,900
- Price Range: $70,000 – $4,255,000
- Price per Sq Ft (Avg/Median): $221 / $201
- Square Footage (Avg/Median): 2,700 / 2,487
- Square Footage Range: 876 – 14,438
- Days on Market (Avg/Median): 59 / 35
- Days on Market Range: 1 – 363
- New Listings: 201
- Total Listings: 999
Sales by Property Type
Condo
Avg/Median Price$337,437 / $335,000Range$250,000 – $474,900Price per Sq Ft$178 / $166Sq Ft1,985 / 1,856DOM20 / 6New26Total57
Land
Avg/Median Price$477,921 / $325,000Range$70,000 – $2,000,000Price per Sq Ft—Sq Ft—DOM95 / 46New2Total33
Manufactured
Avg/Median Price$242,425 / $260,000Range$99,900 – $309,900Price per Sq Ft$132 / $126Sq Ft1,797 / 1,736DOM166 / 12New0Total4
Multi-Family
Avg/Median Price$408,007 / $384,000Range$175,000 – $925,000Price per Sq Ft$195 / $169Sq Ft2,220 / 2,273DOM38 / 7New11Total22
Single Family
Avg/Median Price$772,626 / $600,000Range$149,900 – $4,255,000Price per Sq Ft$240 / $222Sq Ft3,103 / 2,958DOM64 / 45New87Total643
Townhouse
Avg/Median Price$339,132 / $334,990Range$239,900 – $724,900Price per Sq Ft$185 / $188Sq Ft1,850 / 1,812DOM52 / 24New75Total240
Sales by Bedroom Count
Studio
Avg:$537,875Median:$299,900Range:$210,000 – $1,171,600PSF:$187 / $170Sq Ft:2,630 / 1,764DOM:39 / 16New:1Total:4
2 Beds
Avg:$340,247Median:$295,000Range:$155,000 – $675,000PSF:$229 / $206Sq Ft:1,571 / 1,576DOM:34 / 10New:12Total:41
3 Beds
Avg:$403,558Median:$355,000Range:$99,900 – $2,350,000PSF:$206 / $194Sq Ft:1,959 / 1,883DOM:50 / 25New:97Total:391
4 Beds
Avg:$781,293Median:$620,000Range:$289,900 – $2,500,000PSF:$234 / $215Sq Ft:3,146 / 2,932DOM:67 / 41New:58Total:376
5 Beds
Avg:$923,783Median:$637,000Range:$399,000 – $4,255,000PSF:$229 / $194Sq Ft:3,780 / 3,410DOM:66 / 41New:30Total:140
6 Beds
Avg:$740,846Median:$700,000Range:$465,000 – $1,200,000PSF:$186 / $184Sq Ft:3,949 / 4,024DOM:73 / 53New:1Total:13
7 Beds
Avg:$750,000Median:$750,000Range:$750,000 – $750,000PSF:$183 / $183Sq Ft:4,108 / 4,108DOM:66 / 66New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $537,875 | $299,900 | $210,000 – $1,171,600 | $187 / $170 | 2,630 / 1,764 | 39 / 16 | 1 | 4 |
| 2 Beds | $340,247 | $295,000 | $155,000 – $675,000 | $229 / $206 | 1,571 / 1,576 | 34 / 10 | 12 | 41 |
| 3 Beds | $403,558 | $355,000 | $99,900 – $2,350,000 | $206 / $194 | 1,959 / 1,883 | 50 / 25 | 97 | 391 |
| 4 Beds | $781,293 | $620,000 | $289,900 – $2,500,000 | $234 / $215 | 3,146 / 2,932 | 67 / 41 | 58 | 376 |
| 5 Beds | $923,783 | $637,000 | $399,000 – $4,255,000 | $229 / $194 | 3,780 / 3,410 | 66 / 41 | 30 | 140 |
| 6 Beds | $740,846 | $700,000 | $465,000 – $1,200,000 | $186 / $184 | 3,949 / 4,024 | 73 / 53 | 1 | 13 |
| 7 Beds | $750,000 | $750,000 | $750,000 – $750,000 | $183 / $183 | 4,108 / 4,108 | 66 / 66 | 0 | 1 |
Rental Market Overview
Median Rent
$1,835
−0.5%
Median DOM
1
0.0%
New Listings
281
Inventory
642
+0.9%
- Average Rent: $1,941
- Median Rent: $1,835
- Rent Range: $625 – $8,000
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,522 / 1,343
- Square Footage Range: 561 – 19,375
- Days on Market (Avg/Median): 13 / 1
- Days on Market Range: 1 – 341
- New Listings: 281
- Total Listings: 642
Rentals by Property Type
Apartment
$1,585
Median DOM: 1
Inventory: 342
MoM: −0.5%
Condo
$1,995
Median DOM: 22
Inventory: 13
MoM: −0.5%
Single Family
$2,350
Median DOM: 1
Inventory: 191
MoM: −0.5%
Townhouse
$1,950
Median DOM: 8
Inventory: 95
MoM: −0.5%
Apartment
Avg/Median Rent$1,666 / $1,585Range$1,179 – $3,545Rent per Sq Ft$2 / $2Sq Ft1,060 / 1,055DOM7 / 1New179Total342
Condo
Avg/Median Rent$2,066 / $1,995Range$1,250 – $3,200Rent per Sq Ft$1 / $1Sq Ft1,877 / 2,452DOM59 / 22New2Total13
Multi-Family
Avg/Median Rent$2,000 / $2,000Range$2,000 – $2,000Rent per Sq Ft—Sq Ft—DOM73 / 73New0Total1
Single Family
Avg/Median Rent$2,390 / $2,350Range$625 – $8,000Rent per Sq Ft$1 / $1Sq Ft2,230 / 2,031DOM14 / 1New73Total191
Townhouse
Avg/Median Rent$2,010 / $1,950Range$950 – $4,000Rent per Sq Ft$1 / $1Sq Ft1,786 / 1,744DOM25 / 8New27Total95
Rentals by Bedroom Count
Studio
Avg:$2,100Median:$2,100Range:$2,100 – $2,100PSF:—Sq Ft:—DOM:21 / 21New:0Total:1
1 Beds
Avg:$1,417Median:$1,390Range:$625 – $2,210PSF:$2 / $2Sq Ft:822 / 813DOM:13 / 1New:72Total:145
2 Beds
Avg:$1,725Median:$1,629Range:$950 – $3,545PSF:$2 / $2Sq Ft:1,146 / 1,102DOM:5 / 1New:80Total:151
3 Beds
Avg:$2,038Median:$1,970Range:$1,369 – $3,400PSF:$1 / $1Sq Ft:1,699 / 1,530DOM:17 / 1New:88Total:234
4 Beds
Avg:$2,529Median:$2,465Range:$1,795 – $4,000PSF:$1 / $1Sq Ft:2,369 / 2,300DOM:16 / 1New:30Total:80
5 Beds
Avg:$3,192Median:$2,780Range:$2,470 – $8,000PSF:$1 / $1Sq Ft:3,121 / 2,804DOM:12 / 1New:11Total:30
6 Beds
Avg:$3,350Median:$3,350Range:$3,350 – $3,350PSF:$1 / $1Sq Ft:4,206 / 4,206DOM:57 / 57New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $2,100 | $2,100 | $2,100 – $2,100 | — | — | 21 / 21 | 0 | 1 |
| 1 Beds | $1,417 | $1,390 | $625 – $2,210 | $2 / $2 | 822 / 813 | 13 / 1 | 72 | 145 |
| 2 Beds | $1,725 | $1,629 | $950 – $3,545 | $2 / $2 | 1,146 / 1,102 | 5 / 1 | 80 | 151 |
| 3 Beds | $2,038 | $1,970 | $1,369 – $3,400 | $1 / $1 | 1,699 / 1,530 | 17 / 1 | 88 | 234 |
| 4 Beds | $2,529 | $2,465 | $1,795 – $4,000 | $1 / $1 | 2,369 / 2,300 | 16 / 1 | 30 | 80 |
| 5 Beds | $3,192 | $2,780 | $2,470 – $8,000 | $1 / $1 | 3,121 / 2,804 | 12 / 1 | 11 | 30 |
| 6 Beds | $3,350 | $3,350 | $3,350 – $3,350 | $1 / $1 | 4,206 / 4,206 | 57 / 57 | 0 | 1 |
6-Month Sales Trend
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:$470,500Median DOM:36New:333Total:993
Aug 2026
Median Price:$474,900Median DOM:35New:201Total:999
6-Month Rental Trend
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:$1,845Median DOM:1New:412Total:636
Aug 2026
Median Rent:$1,835Median DOM:1New:281Total:642
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving 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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