ZIP 27609 Housing Market Report
Raleigh Metro
Report period: August 2026
27609 Monthly Market Update – August 2026
ZIP 27609 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$675,000
0.0%
Median DOM (Sales)
59
+5.4%
New Listings (Sales)
10
−77.3%
Median Rent
$1,530
−0.3%
Median DOM (Rental)
1
0.0%
Total Rental Listings
1,291
−0.9%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Townhouse (52 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($2,850,000 median)
Sales Market Overview
Median Price
$675,000
0.0%
Median DOM
59
+5.4%
New Listings
10
−77.3%
Inventory
225
−2.6%
- Average Price: $1,467,616
- Median Price: $675,000
- Price Range: $135,900 – $9,250,000
- Price per Sq Ft (Avg/Median): $375 / $325
- Square Footage (Avg/Median): 3,140 / 2,420
- Square Footage Range: 837 – 11,285
- Days on Market (Avg/Median): 80 / 59
- Days on Market Range: 2 – 360
- New Listings: 10
- Total Listings: 225
Sales by Property Type
Condo
Avg/Median Price$262,636 / $220,000Range$135,900 – $675,000Price per Sq Ft$220 / $202Sq Ft1,203 / 1,078DOM97 / 70New0Total28
Land
Avg/Median Price$918,600 / $895,000Range$499,000 – $1,450,000Price per Sq Ft—Sq Ft—DOM169 / 118New0Total5
Single Family
Avg/Median Price$2,034,660 / $1,549,000Range$169,000 – $9,250,000Price per Sq Ft$450 / $421Sq Ft3,943 / 3,830DOM77 / 59New7Total149
Townhouse
Avg/Median Price$351,221 / $309,950Range$206,000 – $680,000Price per Sq Ft$217 / $209Sq Ft1,622 / 1,461DOM67 / 52New3Total43
Sales by Bedroom Count
Studio
Avg:$2,300,000Median:$2,300,000Range:$2,300,000 – $2,300,000PSF:$471 / $471Sq Ft:4,879 / 4,879DOM:21 / 21New:0Total:1
1 Beds
Avg:$224,967Median:$249,900Range:$170,000 – $255,000PSF:$256 / $296Sq Ft:899 / 843DOM:97 / 72New:0Total:3
2 Beds
Avg:$253,336Median:$250,000Range:$135,900 – $484,900PSF:$215 / $205Sq Ft:1,175 / 1,134DOM:92 / 55New:0Total:36
3 Beds
Avg:$506,772Median:$489,000Range:$185,000 – $2,395,000PSF:$282 / $284Sq Ft:1,777 / 1,650DOM:52 / 38New:6Total:65
4 Beds
Avg:$1,443,746Median:$875,000Range:$209,000 – $5,850,000PSF:$385 / $333Sq Ft:3,337 / 2,871DOM:76 / 60New:1Total:48
5 Beds
Avg:$3,139,100Median:$2,850,000Range:$639,899 – $9,250,000PSF:$561 / $544Sq Ft:5,322 / 5,000DOM:99 / 80New:3Total:58
6 Beds
Avg:$3,246,428Median:$2,850,000Range:$634,000 – $6,700,000PSF:$471 / $502Sq Ft:6,298 / 5,537DOM:88 / 97New:0Total:9
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $2,300,000 | $2,300,000 | $2,300,000 – $2,300,000 | $471 / $471 | 4,879 / 4,879 | 21 / 21 | 0 | 1 |
| 1 Beds | $224,967 | $249,900 | $170,000 – $255,000 | $256 / $296 | 899 / 843 | 97 / 72 | 0 | 3 |
| 2 Beds | $253,336 | $250,000 | $135,900 – $484,900 | $215 / $205 | 1,175 / 1,134 | 92 / 55 | 0 | 36 |
| 3 Beds | $506,772 | $489,000 | $185,000 – $2,395,000 | $282 / $284 | 1,777 / 1,650 | 52 / 38 | 6 | 65 |
| 4 Beds | $1,443,746 | $875,000 | $209,000 – $5,850,000 | $385 / $333 | 3,337 / 2,871 | 76 / 60 | 1 | 48 |
| 5 Beds | $3,139,100 | $2,850,000 | $639,899 – $9,250,000 | $561 / $544 | 5,322 / 5,000 | 99 / 80 | 3 | 58 |
| 6 Beds | $3,246,428 | $2,850,000 | $634,000 – $6,700,000 | $471 / $502 | 6,298 / 5,537 | 88 / 97 | 0 | 9 |
Rental Market Overview
Median Rent
$1,530
−0.3%
Median DOM
1
0.0%
New Listings
659
Inventory
1,291
−0.9%
- Average Rent: $1,747
- Median Rent: $1,530
- Rent Range: $899 – $9,258
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 923 / 850
- Square Footage Range: 300 – 4,300
- Days on Market (Avg/Median): 4 / 1
- Days on Market Range: 1 – 305
- New Listings: 659
- Total Listings: 1,291
Rentals by Property Type
Apartment
$1,505
Median DOM: 1
Inventory: 1,215
MoM: −0.3%
Condo
$1,500
Median DOM: 17
Inventory: 9
MoM: −0.3%
Single Family
$2,500
Median DOM: 15
Inventory: 34
MoM: −0.3%
Townhouse
$1,595
Median DOM: 1
Inventory: 30
MoM: −0.3%
Apartment
Avg/Median Rent$1,716 / $1,505Range$899 – $9,258Rent per Sq Ft$2 / $2Sq Ft886 / 824DOM3 / 1New642Total1,215
Condo
Avg/Median Rent$1,610 / $1,500Range$1,200 – $2,500Rent per Sq Ft$1 / $1Sq Ft1,202 / 1,077DOM26 / 17New1Total9
Multi-Family
Avg/Median Rent$1,715 / $1,750Range$1,400 – $1,995Rent per Sq Ft$1 / $1Sq Ft1,674 / 1,600DOM45 / 54New0Total3
Single Family
Avg/Median Rent$2,903 / $2,500Range$1,195 – $8,500Rent per Sq Ft$2 / $1Sq Ft1,896 / 1,778DOM24 / 15New8Total34
Townhouse
Avg/Median Rent$1,769 / $1,595Range$1,195 – $3,600Rent per Sq Ft$1 / $1Sq Ft1,293 / 1,202DOM17 / 1New8Total30
Rentals by Bedroom Count
Studio
Avg:$1,501Median:$1,436Range:$901 – $3,500PSF:$3 / $3Sq Ft:595 / 598DOM:4 / 1New:74Total:156
1 Beds
Avg:$1,572Median:$1,449Range:$899 – $3,862PSF:$2 / $2Sq Ft:765 / 765DOM:3 / 1New:280Total:541
2 Beds
Avg:$1,914Median:$1,540Range:$1,097 – $9,258PSF:$2 / $1Sq Ft:1,085 / 1,077DOM:2 / 1New:270Total:489
3 Beds
Avg:$2,083Median:$1,779Range:$1,399 – $5,800PSF:$1 / $1Sq Ft:1,389 / 1,289DOM:14 / 1New:32Total:93
4 Beds
Avg:$2,662Median:$2,500Range:$1,850 – $3,495PSF:$1 / $1Sq Ft:2,129 / 2,052DOM:20 / 12New:2Total:10
5 Beds
Avg:$7,400Median:$6,300Range:$6,300 – $8,500PSF:$2 / $1Sq Ft:3,986 / 3,672DOM:11 / 6New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,501 | $1,436 | $901 – $3,500 | $3 / $3 | 595 / 598 | 4 / 1 | 74 | 156 |
| 1 Beds | $1,572 | $1,449 | $899 – $3,862 | $2 / $2 | 765 / 765 | 3 / 1 | 280 | 541 |
| 2 Beds | $1,914 | $1,540 | $1,097 – $9,258 | $2 / $1 | 1,085 / 1,077 | 2 / 1 | 270 | 489 |
| 3 Beds | $2,083 | $1,779 | $1,399 – $5,800 | $1 / $1 | 1,389 / 1,289 | 14 / 1 | 32 | 93 |
| 4 Beds | $2,662 | $2,500 | $1,850 – $3,495 | $1 / $1 | 2,129 / 2,052 | 20 / 12 | 2 | 10 |
| 5 Beds | $7,400 | $6,300 | $6,300 – $8,500 | $2 / $1 | 3,986 / 3,672 | 11 / 6 | 1 | 2 |
6-Month Sales Trend
Mar 2026
Median Price:$725,000Median DOM:41New:62Total:202
Apr 2026
Median Price:$675,000Median DOM:35New:65Total:226
May 2026
Median Price:$675,000Median DOM:38New:52Total:234
Jun 2026
Median Price:$669,000Median DOM:47New:57Total:238
Jul 2026
Median Price:$675,000Median DOM:56New:44Total:231
Aug 2026
Median Price:$675,000Median DOM:59New:10Total:225
6-Month Rental Trend
Mar 2026
Median Rent:$1,558Median DOM:1New:1,011Total:1,305
Apr 2026
Median Rent:$1,575Median DOM:1New:977Total:1,299
May 2026
Median Rent:$1,532Median DOM:1New:966Total:1,341
Jun 2026
Median Rent:$1,526Median DOM:1New:977Total:1,297
Jul 2026
Median Rent:$1,534Median DOM:1New:918Total:1,303
Aug 2026
Median Rent:$1,530Median DOM:1New:659Total:1,291
Key Market Takeaways
Median sale prices held steady this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing eased, 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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