ZIP 27617 Housing Market Report
Raleigh Metro
Report period: August 2026
27617 Monthly Market Update – August 2026
ZIP 27617 · Last updated Aug 11, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$395,000
0.0%
Median DOM (Sales)
42
−2.3%
New Listings (Sales)
8
−79.5%
Median Rent
$1,509
−2.1%
Median DOM (Rental)
1
0.0%
Total Rental Listings
837
+1.0%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (26 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($674,900 median)
Sales Market Overview
Median Price
$395,000
0.0%
Median DOM
42
−2.3%
New Listings
8
−79.5%
Inventory
142
+0.7%
- Average Price: $418,747
- Median Price: $395,000
- Price Range: $171,000 – $1,050,000
- Price per Sq Ft (Avg/Median): $217 / $213
- Square Footage (Avg/Median): 1,927 / 1,840
- Square Footage Range: 943 – 4,447
- Days on Market (Avg/Median): 67 / 42
- Days on Market Range: 2 – 363
- New Listings: 8
- Total Listings: 142
Sales by Property Type
Condo
Avg/Median Price$351,795 / $339,900Range$171,000 – $695,000Price per Sq Ft$222 / $220Sq Ft1,561 / 1,504DOM90 / 80New1Total42
Single Family
Avg/Median Price$580,557 / $535,000Range$299,900 – $1,050,000Price per Sq Ft$241 / $247Sq Ft2,419 / 2,205DOM34 / 26New1Total26
Townhouse
Avg/Median Price$399,895 / $375,000Range$260,000 – $794,000Price per Sq Ft$205 / $209Sq Ft1,962 / 1,954DOM65 / 40New6Total74
Sales by Bedroom Count
1 Beds
Avg:$193,000Median:$190,000Range:$171,000 – $225,000PSF:$195 / $199Sq Ft:991 / 981DOM:100 / 81New:0Total:9
2 Beds
Avg:$341,463Median:$325,000Range:$225,000 – $605,000PSF:$226 / $220Sq Ft:1,497 / 1,455DOM:74 / 54New:1Total:40
3 Beds
Avg:$439,303Median:$429,000Range:$299,900 – $883,900PSF:$213 / $212Sq Ft:2,074 / 2,034DOM:65 / 36New:6Total:70
4 Beds
Avg:$531,983Median:$495,000Range:$359,900 – $925,000PSF:$221 / $212Sq Ft:2,421 / 2,177DOM:49 / 29New:1Total:18
5 Beds
Avg:$688,263Median:$674,900Range:$549,990 – $839,900PSF:$232 / $227Sq Ft:2,944 / 2,970DOM:34 / 16New:0Total:3
6 Beds
Avg:$837,450Median:$624,900Range:$624,900 – $1,050,000PSF:$227 / $193Sq Ft:3,636 / 3,235DOM:44 / 36New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $193,000 | $190,000 | $171,000 – $225,000 | $195 / $199 | 991 / 981 | 100 / 81 | 0 | 9 |
| 2 Beds | $341,463 | $325,000 | $225,000 – $605,000 | $226 / $220 | 1,497 / 1,455 | 74 / 54 | 1 | 40 |
| 3 Beds | $439,303 | $429,000 | $299,900 – $883,900 | $213 / $212 | 2,074 / 2,034 | 65 / 36 | 6 | 70 |
| 4 Beds | $531,983 | $495,000 | $359,900 – $925,000 | $221 / $212 | 2,421 / 2,177 | 49 / 29 | 1 | 18 |
| 5 Beds | $688,263 | $674,900 | $549,990 – $839,900 | $232 / $227 | 2,944 / 2,970 | 34 / 16 | 0 | 3 |
| 6 Beds | $837,450 | $624,900 | $624,900 – $1,050,000 | $227 / $193 | 3,636 / 3,235 | 44 / 36 | 0 | 2 |
Rental Market Overview
Median Rent
$1,509
−2.1%
Median DOM
1
0.0%
New Listings
435
Inventory
837
+1.0%
- Average Rent: $1,589
- Median Rent: $1,509
- Rent Range: $1,103 – $3,950
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,070 / 1,111
- Square Footage Range: 634 – 3,500
- Days on Market (Avg/Median): 4 / 1
- Days on Market Range: 1 – 359
- New Listings: 435
- Total Listings: 837
Rentals by Property Type
Apartment
$1,490
Median DOM: 1
Inventory: 781
MoM: −2.1%
Condo
$1,850
Median DOM: 20
Inventory: 21
MoM: −2.1%
Single Family
$2,095
Median DOM: 10
Inventory: 14
MoM: −2.1%
Townhouse
$1,875
Median DOM: 21
Inventory: 21
MoM: −2.1%
Apartment
Avg/Median Rent$1,559 / $1,490Range$1,103 – $3,153Rent per Sq Ft$2 / $2Sq Ft1,031 / 1,105DOM2 / 1New423Total781
Condo
Avg/Median Rent$1,792 / $1,850Range$1,200 – $2,900Rent per Sq Ft$1 / $1Sq Ft1,356 / 1,286DOM39 / 20New6Total21
Single Family
Avg/Median Rent$2,387 / $2,095Range$1,750 – $3,950Rent per Sq Ft$1 / $1Sq Ft2,168 / 1,833DOM43 / 10New3Total14
Townhouse
Avg/Median Rent$1,973 / $1,875Range$1,695 – $2,695Rent per Sq Ft$1 / $1Sq Ft1,652 / 1,594DOM25 / 21New3Total21
Rentals by Bedroom Count
Studio
Avg:$1,257Median:$1,250Range:$1,199 – $1,294PSF:$2 / $2Sq Ft:751 / 706DOM:3 / 1New:3Total:5
1 Beds
Avg:$1,382Median:$1,350Range:$1,103 – $1,996PSF:$2 / $2Sq Ft:823 / 815DOM:3 / 1New:168Total:333
2 Beds
Avg:$1,633Median:$1,626Range:$1,258 – $2,750PSF:$1 / $1Sq Ft:1,160 / 1,134DOM:2 / 1New:226Total:400
3 Beds
Avg:$2,082Median:$1,995Range:$1,574 – $3,950PSF:$1 / $1Sq Ft:1,503 / 1,460DOM:10 / 1New:38Total:94
4 Beds
Avg:$2,830Median:$2,450Range:$2,350 – $3,800PSF:$1 / $1Sq Ft:2,752 / 2,540DOM:94 / 25New:0Total:5
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,257 | $1,250 | $1,199 – $1,294 | $2 / $2 | 751 / 706 | 3 / 1 | 3 | 5 |
| 1 Beds | $1,382 | $1,350 | $1,103 – $1,996 | $2 / $2 | 823 / 815 | 3 / 1 | 168 | 333 |
| 2 Beds | $1,633 | $1,626 | $1,258 – $2,750 | $1 / $1 | 1,160 / 1,134 | 2 / 1 | 226 | 400 |
| 3 Beds | $2,082 | $1,995 | $1,574 – $3,950 | $1 / $1 | 1,503 / 1,460 | 10 / 1 | 38 | 94 |
| 4 Beds | $2,830 | $2,450 | $2,350 – $3,800 | $1 / $1 | 2,752 / 2,540 | 94 / 25 | 0 | 5 |
6-Month Sales Trend
Mar 2026
Median Price:$429,000Median DOM:37New:43Total:135
Apr 2026
Median Price:$429,000Median DOM:37New:36Total:142
May 2026
Median Price:$419,000Median DOM:34New:37Total:144
Jun 2026
Median Price:$399,900Median DOM:39New:36Total:145
Jul 2026
Median Price:$395,000Median DOM:43New:39Total:141
Aug 2026
Median Price:$395,000Median DOM:42New:8Total:142
6-Month Rental Trend
Mar 2026
Median Rent:$1,493Median DOM:1New:599Total:809
Apr 2026
Median Rent:$1,521Median DOM:1New:647Total:841
May 2026
Median Rent:$1,525Median DOM:1New:617Total:868
Jun 2026
Median Rent:$1,518Median DOM:1New:631Total:868
Jul 2026
Median Rent:$1,542Median DOM:1New:563Total:829
Aug 2026
Median Rent:$1,509Median DOM:1New:435Total:837
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing eased, 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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