ZIP 27615 Housing Market Report
Raleigh Metro
Report period: August 2026
27615 Monthly Market Update – August 2026
ZIP 27615 · Last updated Aug 11, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$539,000
−2.0%
Median DOM (Sales)
54
−5.3%
New Listings (Sales)
14
−74.1%
Median Rent
$1,499
−0.1%
Median DOM (Rental)
1
0.0%
Total Rental Listings
584
−2.7%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (46 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($5,750,000 median)
Sales Market Overview
Median Price
$539,000
−2.0%
Median DOM
54
−5.3%
New Listings
14
−74.1%
Inventory
249
0.0%
- Average Price: $992,148
- Median Price: $539,000
- Price Range: $120,000 – $9,500,000
- Price per Sq Ft (Avg/Median): $293 / $242
- Square Footage (Avg/Median): 2,741 / 2,170
- Square Footage Range: 760 – 13,245
- Days on Market (Avg/Median): 69 / 54
- Days on Market Range: 2 – 359
- New Listings: 14
- Total Listings: 249
Sales by Property Type
Condo
Avg/Median Price$232,914 / $239,900Range$129,000 – $325,000Price per Sq Ft$194 / $188Sq Ft1,227 / 1,120DOM81 / 60New0Total21
Land
Avg/Median Price$565,000 / $345,000Range$120,000 – $1,550,000Price per Sq Ft—Sq Ft—DOM95 / 98New0Total7
Single Family
Avg/Median Price$1,358,133 / $679,000Range$275,000 – $9,500,000Price per Sq Ft$337 / $273Sq Ft3,352 / 2,823DOM66 / 46New11Total159
Townhouse
Avg/Median Price$358,959 / $305,000Range$209,000 – $899,000Price per Sq Ft$213 / $211Sq Ft1,686 / 1,420DOM69 / 67New3Total62
Sales by Bedroom Count
Studio
Avg:$450,000Median:$390,000Range:$235,000 – $725,000PSF:$241 / $215Sq Ft:1,777 / 1,811DOM:16 / 14New:0Total:3
1 Beds
Avg:$185,000Median:$185,000Range:$185,000 – $185,000PSF:$243 / $243Sq Ft:760 / 760DOM:12 / 12New:0Total:1
2 Beds
Avg:$261,637Median:$250,000Range:$175,000 – $435,000PSF:$215 / $211Sq Ft:1,217 / 1,171DOM:82 / 82New:0Total:37
3 Beds
Avg:$430,870Median:$415,000Range:$129,000 – $899,000PSF:$239 / $228Sq Ft:1,815 / 1,803DOM:54 / 33New:6Total:80
4 Beds
Avg:$801,268Median:$650,000Range:$360,000 – $2,974,000PSF:$261 / $247Sq Ft:2,961 / 2,775DOM:61 / 50New:5Total:78
5 Beds
Avg:$2,825,703Median:$2,995,000Range:$849,900 – $9,500,000PSF:$508 / $555Sq Ft:5,130 / 5,147DOM:107 / 97New:1Total:38
6 Beds
Avg:$5,505,800Median:$5,750,000Range:$679,000 – $8,500,000PSF:$627 / $714Sq Ft:8,206 / 6,729DOM:71 / 34New:2Total:5
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $450,000 | $390,000 | $235,000 – $725,000 | $241 / $215 | 1,777 / 1,811 | 16 / 14 | 0 | 3 |
| 1 Beds | $185,000 | $185,000 | $185,000 – $185,000 | $243 / $243 | 760 / 760 | 12 / 12 | 0 | 1 |
| 2 Beds | $261,637 | $250,000 | $175,000 – $435,000 | $215 / $211 | 1,217 / 1,171 | 82 / 82 | 0 | 37 |
| 3 Beds | $430,870 | $415,000 | $129,000 – $899,000 | $239 / $228 | 1,815 / 1,803 | 54 / 33 | 6 | 80 |
| 4 Beds | $801,268 | $650,000 | $360,000 – $2,974,000 | $261 / $247 | 2,961 / 2,775 | 61 / 50 | 5 | 78 |
| 5 Beds | $2,825,703 | $2,995,000 | $849,900 – $9,500,000 | $508 / $555 | 5,130 / 5,147 | 107 / 97 | 1 | 38 |
| 6 Beds | $5,505,800 | $5,750,000 | $679,000 – $8,500,000 | $627 / $714 | 8,206 / 6,729 | 71 / 34 | 2 | 5 |
Rental Market Overview
Median Rent
$1,499
−0.1%
Median DOM
1
0.0%
New Listings
310
Inventory
584
−2.7%
- Average Rent: $1,587
- Median Rent: $1,499
- Rent Range: $675 – $6,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,051 / 1,000
- Square Footage Range: 460 – 3,754
- Days on Market (Avg/Median): 6 / 1
- Days on Market Range: 1 – 338
- New Listings: 310
- Total Listings: 584
Rentals by Property Type
Apartment
$1,445
Median DOM: 1
Inventory: 514
MoM: −0.1%
Condo
$1,550
Median DOM: 20
Inventory: 11
MoM: −0.1%
Single Family
$2,395
Median DOM: 5
Inventory: 37
MoM: −0.1%
Townhouse
$1,800
Median DOM: 30
Inventory: 22
MoM: −0.1%
Apartment
Avg/Median Rent$1,494 / $1,445Range$960 – $4,188Rent per Sq Ft$2 / $2Sq Ft960 / 950DOM2 / 1New297Total514
Condo
Avg/Median Rent$1,496 / $1,550Range$1,095 – $1,895Rent per Sq Ft$1 / $1Sq Ft1,172 / 1,122DOM36 / 20New2Total11
Single Family
Avg/Median Rent$2,713 / $2,395Range$675 – $6,500Rent per Sq Ft$1 / $1Sq Ft2,049 / 1,763DOM34 / 5New9Total37
Townhouse
Avg/Median Rent$1,907 / $1,800Range$1,395 – $3,750Rent per Sq Ft$1 / $1Sq Ft1,569 / 1,400DOM45 / 30New2Total22
Rentals by Bedroom Count
Studio
Avg:$1,975Median:$1,975Range:$1,975 – $1,975PSF:$2 / $2Sq Ft:1,224 / 1,224DOM:36 / 36New:0Total:1
1 Beds
Avg:$1,300Median:$1,299Range:$675 – $2,001PSF:$2 / $2Sq Ft:757 / 776DOM:4 / 1New:111Total:207
2 Beds
Avg:$1,554Median:$1,525Range:$1,200 – $2,963PSF:$1 / $1Sq Ft:1,047 / 1,028DOM:3 / 1New:164Total:268
3 Beds
Avg:$2,029Median:$1,845Range:$1,095 – $6,300PSF:$1 / $1Sq Ft:1,451 / 1,395DOM:18 / 1New:32Total:93
4 Beds
Avg:$2,832Median:$2,425Range:$2,100 – $3,750PSF:$1 / $1Sq Ft:2,432 / 2,280DOM:13 / 5New:2Total:10
5 Beds
Avg:$4,586Median:$3,449Range:$3,000 – $6,500PSF:$1 / $1Sq Ft:3,203 / 3,035DOM:51 / 1New:0Total:4
6 Beds
Avg:$3,950Median:$3,950Range:$3,950 – $3,950PSF:$1 / $1Sq Ft:3,754 / 3,754DOM:1 / 1New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,975 | $1,975 | $1,975 – $1,975 | $2 / $2 | 1,224 / 1,224 | 36 / 36 | 0 | 1 |
| 1 Beds | $1,300 | $1,299 | $675 – $2,001 | $2 / $2 | 757 / 776 | 4 / 1 | 111 | 207 |
| 2 Beds | $1,554 | $1,525 | $1,200 – $2,963 | $1 / $1 | 1,047 / 1,028 | 3 / 1 | 164 | 268 |
| 3 Beds | $2,029 | $1,845 | $1,095 – $6,300 | $1 / $1 | 1,451 / 1,395 | 18 / 1 | 32 | 93 |
| 4 Beds | $2,832 | $2,425 | $2,100 – $3,750 | $1 / $1 | 2,432 / 2,280 | 13 / 5 | 2 | 10 |
| 5 Beds | $4,586 | $3,449 | $3,000 – $6,500 | $1 / $1 | 3,203 / 3,035 | 51 / 1 | 0 | 4 |
| 6 Beds | $3,950 | $3,950 | $3,950 – $3,950 | $1 / $1 | 3,754 / 3,754 | 1 / 1 | 1 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$574,999Median DOM:28New:64Total:199
Apr 2026
Median Price:$539,900Median DOM:27New:84Total:238
May 2026
Median Price:$535,000Median DOM:31New:72Total:262
Jun 2026
Median Price:$539,000Median DOM:43New:54Total:255
Jul 2026
Median Price:$549,999Median DOM:57New:54Total:249
Aug 2026
Median Price:$539,000Median DOM:54New:14Total:249
6-Month Rental Trend
Mar 2026
Median Rent:$1,450Median DOM:1New:411Total:587
Apr 2026
Median Rent:$1,499Median DOM:1New:430Total:577
May 2026
Median Rent:$1,510Median DOM:1New:439Total:604
Jun 2026
Median Rent:$1,500Median DOM:1New:445Total:635
Jul 2026
Median Rent:$1,500Median DOM:1New:432Total:600
Aug 2026
Median Rent:$1,499Median DOM:1New:310Total:584
Key Market Takeaways
Median sale prices softened this month while inventory remained stable. Days on market declined, signaling improving 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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