ZIP 27614 Housing Market Report
Raleigh Metro
Report period: August 2026
27614 Monthly Market Update – August 2026
ZIP 27614 · Last updated Aug 11, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$695,000
+3.0%
Median DOM (Sales)
45
+7.1%
New Listings (Sales)
28
−61.1%
Median Rent
$1,484
+0.1%
Median DOM (Rental)
1
0.0%
Total Rental Listings
380
−1.8%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Condo (6 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($950,000 median)
Sales Market Overview
Median Price
$695,000
+3.0%
Median DOM
45
+7.1%
New Listings
28
−61.1%
Inventory
260
−1.9%
- Average Price: $1,029,749
- Median Price: $695,000
- Price Range: $240,000 – $5,672,000
- Price per Sq Ft (Avg/Median): $262 / $222
- Square Footage (Avg/Median): 3,483 / 3,082
- Square Footage Range: 927 – 17,711
- Days on Market (Avg/Median): 62 / 45
- Days on Market Range: 2 – 362
- New Listings: 28
- Total Listings: 260
Sales by Property Type
Condo
Avg/Median Price$346,842 / $335,000Range$240,000 – $500,000Price per Sq Ft$193 / $197Sq Ft1,848 / 1,586DOM31 / 6New12Total33
Land
Avg/Median Price$802,000 / $750,000Range$460,000 – $1,500,000Price per Sq Ft—Sq Ft—DOM148 / 215New0Total5
Single Family
Avg/Median Price$1,368,610 / $849,000Range$375,000 – $5,672,000Price per Sq Ft$297 / $248Sq Ft4,267 / 3,792DOM68 / 50New12Total171
Townhouse
Avg/Median Price$357,777 / $329,900Range$248,500 – $650,000Price per Sq Ft$189 / $191Sq Ft1,910 / 1,761DOM55 / 47New4Total51
Sales by Bedroom Count
2 Beds
Avg:$300,446Median:$320,000Range:$240,000 – $375,000PSF:$214 / $213Sq Ft:1,410 / 1,524DOM:52 / 12New:3Total:19
3 Beds
Avg:$459,261Median:$380,000Range:$240,000 – $2,495,000PSF:$216 / $200Sq Ft:2,077 / 1,857DOM:43 / 26New:15Total:79
4 Beds
Avg:$1,233,197Median:$825,000Range:$300,000 – $3,795,000PSF:$286 / $240Sq Ft:3,958 / 3,483DOM:62 / 42New:8Total:93
5 Beds
Avg:$1,679,717Median:$950,000Range:$445,000 – $5,672,000PSF:$309 / $230Sq Ft:4,951 / 4,658DOM:89 / 63New:2Total:58
6 Beds
Avg:$994,700Median:$829,900Range:$699,000 – $1,500,000PSF:$197 / $192Sq Ft:5,035 / 4,320DOM:47 / 42New:0Total:4
7 Beds
Avg:$2,822,500Median:$695,000Range:$695,000 – $4,950,000PSF:$223 / $166Sq Ft:10,949 / 4,187DOM:70 / 48New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $300,446 | $320,000 | $240,000 – $375,000 | $214 / $213 | 1,410 / 1,524 | 52 / 12 | 3 | 19 |
| 3 Beds | $459,261 | $380,000 | $240,000 – $2,495,000 | $216 / $200 | 2,077 / 1,857 | 43 / 26 | 15 | 79 |
| 4 Beds | $1,233,197 | $825,000 | $300,000 – $3,795,000 | $286 / $240 | 3,958 / 3,483 | 62 / 42 | 8 | 93 |
| 5 Beds | $1,679,717 | $950,000 | $445,000 – $5,672,000 | $309 / $230 | 4,951 / 4,658 | 89 / 63 | 2 | 58 |
| 6 Beds | $994,700 | $829,900 | $699,000 – $1,500,000 | $197 / $192 | 5,035 / 4,320 | 47 / 42 | 0 | 4 |
| 7 Beds | $2,822,500 | $695,000 | $695,000 – $4,950,000 | $223 / $166 | 10,949 / 4,187 | 70 / 48 | 0 | 2 |
Rental Market Overview
Median Rent
$1,484
+0.1%
Median DOM
1
0.0%
New Listings
223
Inventory
380
−1.8%
- Average Rent: $1,575
- Median Rent: $1,484
- Rent Range: $1,017 – $7,445
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,192 / 1,096
- Square Footage Range: 550 – 7,200
- Days on Market (Avg/Median): 6 / 1
- Days on Market Range: 1 – 359
- New Listings: 223
- Total Listings: 380
Rentals by Property Type
Apartment
$1,442
Median DOM: 1
Inventory: 332
MoM: +0.1%
Condo
$1,250
Median DOM: 15
Inventory: 2
MoM: +0.1%
Single Family
$2,350
Median DOM: 2
Inventory: 24
MoM: +0.1%
Townhouse
$1,795
Median DOM: 23
Inventory: 22
MoM: +0.1%
Apartment
Avg/Median Rent$1,470 / $1,442Range$1,017 – $2,375Rent per Sq Ft$1 / $1Sq Ft1,062 / 1,076DOM3 / 1New206Total332
Condo
Avg/Median Rent$1,325 / $1,250Range$1,250 – $1,400Rent per Sq Ft$2 / $2Sq Ft870 / 819DOM17 / 15New0Total2
Single Family
Avg/Median Rent$2,813 / $2,350Range$1,699 – $7,445Rent per Sq Ft$1 / $1Sq Ft2,644 / 2,204DOM14 / 2New8Total24
Townhouse
Avg/Median Rent$1,826 / $1,795Range$1,650 – $2,300Rent per Sq Ft$1 / $1Sq Ft1,731 / 1,696DOM42 / 23New9Total22
Rentals by Bedroom Count
1 Beds
Avg:$1,259Median:$1,225Range:$1,017 – $1,584PSF:$2 / $2Sq Ft:807 / 802DOM:4 / 1New:70Total:114
2 Beds
Avg:$1,508Median:$1,490Range:$1,195 – $2,070PSF:$1 / $1Sq Ft:1,125 / 1,106DOM:3 / 1New:103Total:172
3 Beds
Avg:$1,870Median:$1,795Range:$1,503 – $4,000PSF:$1 / $1Sq Ft:1,571 / 1,513DOM:13 / 1New:46Total:79
4 Beds
Avg:$2,844Median:$2,450Range:$1,950 – $7,445PSF:$1 / $1Sq Ft:2,703 / 2,217DOM:22 / 2New:2Total:12
5 Beds
Avg:$4,530Median:$3,895Range:$3,695 – $6,000PSF:$1 / $1Sq Ft:4,483 / 3,845DOM:5 / 2New:2Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,259 | $1,225 | $1,017 – $1,584 | $2 / $2 | 807 / 802 | 4 / 1 | 70 | 114 |
| 2 Beds | $1,508 | $1,490 | $1,195 – $2,070 | $1 / $1 | 1,125 / 1,106 | 3 / 1 | 103 | 172 |
| 3 Beds | $1,870 | $1,795 | $1,503 – $4,000 | $1 / $1 | 1,571 / 1,513 | 13 / 1 | 46 | 79 |
| 4 Beds | $2,844 | $2,450 | $1,950 – $7,445 | $1 / $1 | 2,703 / 2,217 | 22 / 2 | 2 | 12 |
| 5 Beds | $4,530 | $3,895 | $3,695 – $6,000 | $1 / $1 | 4,483 / 3,845 | 5 / 2 | 2 | 3 |
6-Month Sales Trend
Mar 2026
Median Price:$649,900Median DOM:30New:82Total:232
Apr 2026
Median Price:$699,990Median DOM:25New:99Total:272
May 2026
Median Price:$750,000Median DOM:33New:71Total:270
Jun 2026
Median Price:$669,000Median DOM:40New:78Total:270
Jul 2026
Median Price:$675,000Median DOM:42New:72Total:265
Aug 2026
Median Price:$695,000Median DOM:45New:28Total:260
6-Month Rental Trend
Mar 2026
Median Rent:$1,522Median DOM:1New:270Total:383
Apr 2026
Median Rent:$1,527Median DOM:1New:287Total:384
May 2026
Median Rent:$1,513Median DOM:1New:268Total:392
Jun 2026
Median Rent:$1,475Median DOM:1New:283Total:375
Jul 2026
Median Rent:$1,482Median DOM:1New:274Total:387
Aug 2026
Median Rent:$1,484Median DOM:1New:223Total:380
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing increased, 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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