ZIP 27601 Housing Market Report
Raleigh Metro
Report period: August 2026
27601 Monthly Market Update – August 2026
ZIP 27601 · Last updated Aug 11, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$599,000
0.0%
Median DOM (Sales)
70
−2.8%
New Listings (Sales)
3
−83.3%
Median Rent
$1,899
+1.6%
Median DOM (Rental)
1
0.0%
Total Rental Listings
574
+1.1%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Land (64 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($1,550,000 median)
Sales Market Overview
Median Price
$599,000
0.0%
Median DOM
70
−2.8%
New Listings
3
−83.3%
Inventory
120
−7.7%
- Average Price: $847,187
- Median Price: $599,000
- Price Range: $196,000 – $4,650,000
- Price per Sq Ft (Avg/Median): $450 / $399
- Square Footage (Avg/Median): 1,844 / 1,592
- Square Footage Range: 714 – 4,390
- Days on Market (Avg/Median): 93 / 70
- Days on Market Range: 2 – 291
- New Listings: 3
- Total Listings: 120
Sales by Property Type
Condo
Avg/Median Price$1,100,424 / $595,000Range$315,000 – $4,650,000Price per Sq Ft$567 / $430Sq Ft1,732 / 1,490DOM92 / 68New3Total39
Land
Avg/Median Price$716,738 / $375,000Range$199,900 – $1,800,000Price per Sq Ft—Sq Ft—DOM115 / 64New0Total8
Multi-Family
Avg/Median Price$904,667 / $795,000Range$415,000 – $1,950,000Price per Sq Ft$329 / $308Sq Ft2,728 / 2,513DOM94 / 97New0Total9
Single Family
Avg/Median Price$667,981 / $575,000Range$196,000 – $1,595,000Price per Sq Ft$396 / $399Sq Ft1,711 / 1,481DOM84 / 65New0Total53
Townhouse
Avg/Median Price$860,636 / $740,000Range$325,000 – $1,299,000Price per Sq Ft$392 / $395Sq Ft2,159 / 2,300DOM122 / 90New0Total11
Sales by Bedroom Count
Studio
Avg:$420,000Median:$420,000Range:$420,000 – $420,000PSF:$420 / $420Sq Ft:1,000 / 1,000DOM:189 / 189New:0Total:1
1 Beds
Avg:$480,389Median:$425,000Range:$196,000 – $900,000PSF:$454 / $450Sq Ft:1,058 / 1,143DOM:86 / 68New:1Total:9
2 Beds
Avg:$662,617Median:$495,000Range:$325,000 – $1,940,000PSF:$505 / $451Sq Ft:1,268 / 1,255DOM:92 / 67New:0Total:24
3 Beds
Avg:$973,183Median:$599,000Range:$327,000 – $4,650,000PSF:$471 / $402Sq Ft:1,852 / 1,796DOM:86 / 67New:2Total:51
4 Beds
Avg:$879,858Median:$787,000Range:$525,000 – $1,595,000PSF:$359 / $356Sq Ft:2,438 / 2,300DOM:98 / 90New:0Total:22
6 Beds
Avg:$1,185,750Median:$945,000Range:$879,000 – $1,950,000PSF:$351 / $335Sq Ft:3,350 / 2,820DOM:89 / 63New:0Total:4
8 Beds
Avg:$1,550,000Median:$1,550,000Range:$1,550,000 – $1,550,000PSF:$382 / $382Sq Ft:4,054 / 4,054DOM:116 / 116New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $420,000 | $420,000 | $420,000 – $420,000 | $420 / $420 | 1,000 / 1,000 | 189 / 189 | 0 | 1 |
| 1 Beds | $480,389 | $425,000 | $196,000 – $900,000 | $454 / $450 | 1,058 / 1,143 | 86 / 68 | 1 | 9 |
| 2 Beds | $662,617 | $495,000 | $325,000 – $1,940,000 | $505 / $451 | 1,268 / 1,255 | 92 / 67 | 0 | 24 |
| 3 Beds | $973,183 | $599,000 | $327,000 – $4,650,000 | $471 / $402 | 1,852 / 1,796 | 86 / 67 | 2 | 51 |
| 4 Beds | $879,858 | $787,000 | $525,000 – $1,595,000 | $359 / $356 | 2,438 / 2,300 | 98 / 90 | 0 | 22 |
| 6 Beds | $1,185,750 | $945,000 | $879,000 – $1,950,000 | $351 / $335 | 3,350 / 2,820 | 89 / 63 | 0 | 4 |
| 8 Beds | $1,550,000 | $1,550,000 | $1,550,000 – $1,550,000 | $382 / $382 | 4,054 / 4,054 | 116 / 116 | 0 | 1 |
Rental Market Overview
Median Rent
$1,899
+1.6%
Median DOM
1
0.0%
New Listings
325
Inventory
574
+1.1%
- Average Rent: $2,071
- Median Rent: $1,899
- Rent Range: $895 – $5,832
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 892 / 800
- Square Footage Range: 265 – 2,600
- Days on Market (Avg/Median): 9 / 1
- Days on Market Range: 1 – 316
- New Listings: 325
- Total Listings: 574
Rentals by Property Type
Apartment
$1,864
Median DOM: 1
Inventory: 512
MoM: +1.6%
Condo
$2,650
Median DOM: 48
Inventory: 17
MoM: +1.6%
Single Family
$2,295
Median DOM: 5
Inventory: 33
MoM: +1.6%
Townhouse
$2,250
Median DOM: 1
Inventory: 11
MoM: +1.6%
Apartment
Avg/Median Rent$2,033 / $1,864Range$895 – $5,800Rent per Sq Ft$2 / $2Sq Ft846 / 733DOM5 / 1New311Total512
Condo
Avg/Median Rent$2,670 / $2,650Range$1,650 – $5,100Rent per Sq Ft$2 / $2Sq Ft1,405 / 1,350DOM53 / 48New2Total17
Multi-Family
Avg/Median Rent$1,695 / $1,695Range$1,695 – $1,695Rent per Sq Ft$1 / $1Sq Ft1,250 / 1,250DOM19 / 19New0Total1
Single Family
Avg/Median Rent$2,207 / $2,295Range$895 – $3,450Rent per Sq Ft$2 / $2Sq Ft1,268 / 1,197DOM34 / 5New9Total33
Townhouse
Avg/Median Rent$2,538 / $2,250Range$975 – $5,832Rent per Sq Ft$1 / $1Sq Ft1,490 / 1,102DOM48 / 1New3Total11
Rentals by Bedroom Count
Studio
Avg:$1,431Median:$1,393Range:$895 – $2,283PSF:$3 / $3Sq Ft:554 / 543DOM:10 / 1New:58Total:114
1 Beds
Avg:$1,821Median:$1,750Range:$895 – $3,009PSF:$2 / $2Sq Ft:773 / 729DOM:5 / 1New:150Total:240
2 Beds
Avg:$2,626Median:$2,630Range:$975 – $5,100PSF:$2 / $2Sq Ft:1,148 / 1,170DOM:8 / 1New:107Total:183
3 Beds
Avg:$2,894Median:$2,841Range:$1,495 – $5,832PSF:$2 / $2Sq Ft:1,477 / 1,460DOM:45 / 3New:10Total:35
4 Beds
Avg:$3,272Median:$3,095Range:$3,095 – $3,450PSF:$1 / $1Sq Ft:2,200 / 2,100DOM:10 / 1New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,431 | $1,393 | $895 – $2,283 | $3 / $3 | 554 / 543 | 10 / 1 | 58 | 114 |
| 1 Beds | $1,821 | $1,750 | $895 – $3,009 | $2 / $2 | 773 / 729 | 5 / 1 | 150 | 240 |
| 2 Beds | $2,626 | $2,630 | $975 – $5,100 | $2 / $2 | 1,148 / 1,170 | 8 / 1 | 107 | 183 |
| 3 Beds | $2,894 | $2,841 | $1,495 – $5,832 | $2 / $2 | 1,477 / 1,460 | 45 / 3 | 10 | 35 |
| 4 Beds | $3,272 | $3,095 | $3,095 – $3,450 | $1 / $1 | 2,200 / 2,100 | 10 / 1 | 0 | 2 |
6-Month Sales Trend
Mar 2026
Median Price:$575,000Median DOM:56New:33Total:114
Apr 2026
Median Price:$575,000Median DOM:56New:28Total:114
May 2026
Median Price:$579,000Median DOM:66New:26Total:127
Jun 2026
Median Price:$599,000Median DOM:61New:35Total:137
Jul 2026
Median Price:$599,000Median DOM:72New:18Total:130
Aug 2026
Median Price:$599,000Median DOM:70New:3Total:120
6-Month Rental Trend
Mar 2026
Median Rent:$1,916Median DOM:1New:453Total:630
Apr 2026
Median Rent:$1,995Median DOM:1New:450Total:572
May 2026
Median Rent:$1,899Median DOM:1New:448Total:590
Jun 2026
Median Rent:$1,919Median DOM:1New:425Total:587
Jul 2026
Median Rent:$1,869Median DOM:1New:394Total:568
Aug 2026
Median Rent:$1,899Median DOM:1New:325Total:574
Key Market Takeaways
Median sale prices held steady this month while inventory compressed. Days on market declined, signaling improving 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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