ZIP 27608 Housing Market Report
Raleigh Metro
Report period: August 2026
27608 Monthly Market Update – August 2026
ZIP 27608 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$1,019,000
−9.4%
Median DOM (Sales)
75
−2.6%
New Listings (Sales)
8
−33.3%
Median Rent
$1,950
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
153
−1.9%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (49 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($2,375,000 median)
Sales Market Overview
Median Price
$1,019,000
−9.4%
Median DOM
75
−2.6%
New Listings
8
−33.3%
Inventory
117
−0.8%
- Average Price: $1,272,803
- Median Price: $1,019,000
- Price Range: $250,000 – $3,395,000
- Price per Sq Ft (Avg/Median): $475 / $455
- Square Footage (Avg/Median): 2,691 / 2,446
- Square Footage Range: 644 – 7,502
- Days on Market (Avg/Median): 91 / 75
- Days on Market Range: 1 – 318
- New Listings: 8
- Total Listings: 117
Sales by Property Type
Condo
Avg/Median Price$1,208,852 / $900,000Range$250,000 – $3,395,000Price per Sq Ft$569 / $492Sq Ft2,038 / 1,952DOM90 / 77New3Total27
Land
Avg/Median Price$1,017,000 / $849,000Range$479,000 – $1,600,000Price per Sq Ft—Sq Ft—DOM126 / 118New0Total6
Single Family
Avg/Median Price$1,539,151 / $1,495,000Range$315,000 – $3,300,000Price per Sq Ft$456 / $455Sq Ft3,396 / 3,300DOM64 / 49New5Total53
Townhouse
Avg/Median Price$922,642 / $895,000Range$307,000 – $3,295,000Price per Sq Ft$424 / $446Sq Ft2,054 / 2,101DOM129 / 94New0Total31
Sales by Bedroom Count
1 Beds
Avg:$307,000Median:$307,000Range:$307,000 – $307,000PSF:$331 / $331Sq Ft:928 / 928DOM:16 / 14New:0Total:2
2 Beds
Avg:$728,632Median:$550,000Range:$250,000 – $2,495,000PSF:$473 / $387Sq Ft:1,477 / 1,443DOM:81 / 66New:1Total:22
3 Beds
Avg:$1,025,108Median:$895,000Range:$315,000 – $3,395,000PSF:$486 / $457Sq Ft:2,062 / 1,881DOM:109 / 81New:2Total:37
4 Beds
Avg:$1,585,394Median:$1,500,000Range:$725,000 – $3,300,000PSF:$489 / $505Sq Ft:3,210 / 3,005DOM:89 / 85New:3Total:33
5 Beds
Avg:$2,077,000Median:$2,199,000Range:$1,250,000 – $2,999,000PSF:$442 / $432Sq Ft:4,752 / 4,386DOM:60 / 33New:2Total:15
6 Beds
Avg:$2,385,000Median:$2,375,000Range:$2,375,000 – $2,395,000PSF:$444 / $403Sq Ft:5,424 / 4,905DOM:100 / 45New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $307,000 | $307,000 | $307,000 – $307,000 | $331 / $331 | 928 / 928 | 16 / 14 | 0 | 2 |
| 2 Beds | $728,632 | $550,000 | $250,000 – $2,495,000 | $473 / $387 | 1,477 / 1,443 | 81 / 66 | 1 | 22 |
| 3 Beds | $1,025,108 | $895,000 | $315,000 – $3,395,000 | $486 / $457 | 2,062 / 1,881 | 109 / 81 | 2 | 37 |
| 4 Beds | $1,585,394 | $1,500,000 | $725,000 – $3,300,000 | $489 / $505 | 3,210 / 3,005 | 89 / 85 | 3 | 33 |
| 5 Beds | $2,077,000 | $2,199,000 | $1,250,000 – $2,999,000 | $442 / $432 | 4,752 / 4,386 | 60 / 33 | 2 | 15 |
| 6 Beds | $2,385,000 | $2,375,000 | $2,375,000 – $2,395,000 | $444 / $403 | 5,424 / 4,905 | 100 / 45 | 0 | 2 |
Rental Market Overview
Median Rent
$1,950
0.0%
Median DOM
1
0.0%
New Listings
47
Inventory
153
−1.9%
- Average Rent: $2,270
- Median Rent: $1,950
- Rent Range: $1,095 – $8,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,080 / 969
- Square Footage Range: 540 – 5,220
- Days on Market (Avg/Median): 9 / 1
- Days on Market Range: 1 – 258
- New Listings: 47
- Total Listings: 153
Rentals by Property Type
Apartment
$1,899
Median DOM: 1
Inventory: 121
MoM: 0.0%
Condo
$1,195
Median DOM: 1
Inventory: 2
MoM: 0.0%
Single Family
$2,315
Median DOM: 2
Inventory: 22
MoM: 0.0%
Townhouse
$1,700
Median DOM: 30
Inventory: 7
MoM: 0.0%
Apartment
Avg/Median Rent$2,093 / $1,899Range$1,230 – $4,040Rent per Sq Ft$2 / $2Sq Ft939 / 900DOM4 / 1New43Total121
Condo
Avg/Median Rent$1,372 / $1,195Range$1,195 – $1,550Rent per Sq Ft$2 / $1Sq Ft775 / 700DOM27 / 1New0Total2
Multi-Family
Avg/Median Rent$2,000 / $2,000Range$2,000 – $2,000Rent per Sq Ft$2 / $2Sq Ft1,000 / 1,000DOM45 / 45New0Total1
Single Family
Avg/Median Rent$3,511 / $2,315Range$1,325 – $8,500Rent per Sq Ft$2 / $2Sq Ft1,863 / 1,348DOM16 / 2New4Total22
Townhouse
Avg/Median Rent$1,720 / $1,700Range$1,095 – $2,250Rent per Sq Ft$2 / $1Sq Ft1,141 / 1,178DOM48 / 30New0Total7
Rentals by Bedroom Count
Studio
Avg:$1,792Median:$1,649Range:$1,343 – $2,950PSF:$3 / $3Sq Ft:724 / 540DOM:21 / 1New:2Total:8
1 Beds
Avg:$1,736Median:$1,715Range:$1,095 – $2,318PSF:$2 / $2Sq Ft:767 / 735DOM:1 / 1New:12Total:55
2 Beds
Avg:$2,238Median:$2,126Range:$1,195 – $3,501PSF:$2 / $2Sq Ft:1,083 / 1,051DOM:12 / 1New:29Total:75
3 Beds
Avg:$3,655Median:$3,379Range:$2,250 – $7,250PSF:$2 / $2Sq Ft:1,724 / 1,540DOM:12 / 1New:3Total:9
4 Beds
Avg:$5,098Median:$5,500Range:$3,395 – $5,995PSF:$2 / $2Sq Ft:2,802 / 2,900DOM:18 / 8New:1Total:4
5 Beds
Avg:$8,198Median:$7,895Range:$7,895 – $8,500PSF:$2 / $2Sq Ft:4,480 / 3,741DOM:5 / 2New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,792 | $1,649 | $1,343 – $2,950 | $3 / $3 | 724 / 540 | 21 / 1 | 2 | 8 |
| 1 Beds | $1,736 | $1,715 | $1,095 – $2,318 | $2 / $2 | 767 / 735 | 1 / 1 | 12 | 55 |
| 2 Beds | $2,238 | $2,126 | $1,195 – $3,501 | $2 / $2 | 1,083 / 1,051 | 12 / 1 | 29 | 75 |
| 3 Beds | $3,655 | $3,379 | $2,250 – $7,250 | $2 / $2 | 1,724 / 1,540 | 12 / 1 | 3 | 9 |
| 4 Beds | $5,098 | $5,500 | $3,395 – $5,995 | $2 / $2 | 2,802 / 2,900 | 18 / 8 | 1 | 4 |
| 5 Beds | $8,198 | $7,895 | $7,895 – $8,500 | $2 / $2 | 4,480 / 3,741 | 5 / 2 | 0 | 2 |
6-Month Sales Trend
Mar 2026
Median Price:$1,125,000Median DOM:32New:50Total:140
Apr 2026
Median Price:$999,000Median DOM:45New:18Total:126
May 2026
Median Price:$1,095,000Median DOM:58New:29Total:132
Jun 2026
Median Price:$1,097,600Median DOM:54New:26Total:130
Jul 2026
Median Price:$1,125,000Median DOM:77New:12Total:118
Aug 2026
Median Price:$1,019,000Median DOM:75New:8Total:117
6-Month Rental Trend
Mar 2026
Median Rent:$1,806Median DOM:1New:141Total:174
Apr 2026
Median Rent:$1,809Median DOM:1New:136Total:171
May 2026
Median Rent:$1,819Median DOM:1New:130Total:181
Jun 2026
Median Rent:$1,850Median DOM:1New:111Total:168
Jul 2026
Median Rent:$1,950Median DOM:1New:77Total:156
Aug 2026
Median Rent:$1,950Median DOM:1New:47Total:153
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market declined, signaling improving buyer activity. Rental pricing remained stable, 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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