ZIP 27208 Housing Market Report
Raleigh Metro
Report period: May 2026
27208 Monthly Market Update – May 2026
ZIP 27208 · Last updated May 10, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$318,500
+13.8%
Median DOM (Sales)
62
+19.2%
New Listings (Sales)
0
−100.0%
Median Rent
$1,500
0.0%
Median DOM (Rental)
8
+14.3%
Total Rental Listings
1
0.0%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents were stable.
What's Moving Fastest
- Fastest selling: Single Family (29 DOM)
- Fastest renting: Single Family (8 DOM)
- Strongest bedroom: 5 Beds ($395,000 median)
Sales Market Overview
Median Price
$318,500
+13.8%
Median DOM
62
+19.2%
New Listings
0
−100.0%
Inventory
7
−12.5%
- Average Price: $347,643
- Median Price: $318,500
- Price Range: $175,000 – $725,000
- Price per Sq Ft (Avg/Median): $230 / $199
- Square Footage (Avg/Median): 1,928 / 1,665
- Square Footage Range: 1,182 – 2,876
- Days on Market (Avg/Median): 91 / 62
- Days on Market Range: 13 – 222
- New Listings: 0
- Total Listings: 7
Sales by Property Type
Land
Avg/Median Price$226,167 / $185,000Range$175,000 – $318,500Price per Sq Ft—Sq Ft—DOM95 / 87New0Total3
Single Family
Avg/Median Price$438,750 / $355,000Range$280,000 – $725,000Price per Sq Ft$230 / $199Sq Ft1,928 / 1,665DOM88 / 29New0Total4
Sales by Bedroom Count
2 Beds
Avg:$355,000Median:$355,000Range:$355,000 – $355,000PSF:$300 / $300Sq Ft:1,182 / 1,182DOM:29 / 29New:0Total:1
3 Beds
Avg:$502,500Median:$280,000Range:$280,000 – $725,000PSF:$210 / $168Sq Ft:2,270 / 1,665DOM:13 / 13New:0Total:2
5 Beds
Avg:$395,000Median:$395,000Range:$395,000 – $395,000PSF:$199 / $199Sq Ft:1,987 / 1,987DOM:222 / 222New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $355,000 | $355,000 | $355,000 – $355,000 | $300 / $300 | 1,182 / 1,182 | 29 / 29 | 0 | 1 |
| 3 Beds | $502,500 | $280,000 | $280,000 – $725,000 | $210 / $168 | 2,270 / 1,665 | 13 / 13 | 0 | 2 |
| 5 Beds | $395,000 | $395,000 | $395,000 – $395,000 | $199 / $199 | 1,987 / 1,987 | 222 / 222 | 0 | 1 |
Rental Market Overview
Median Rent
$1,500
0.0%
Median DOM
8
+14.3%
New Listings
0
Inventory
1
0.0%
- Average Rent: $1,500
- Median Rent: $1,500
- Rent Range: $1,500 – $1,500
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,456 / 1,456
- Square Footage Range: 1,456 – 1,456
- Days on Market (Avg/Median): 8 / 8
- Days on Market Range: 8 – 8
- New Listings: 0
- Total Listings: 1
Rentals by Property Type
Apartment
—
Median DOM: —
Inventory: —
MoM: 0.0%
Condo
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
$1,500
Median DOM: 8
Inventory: 1
MoM: 0.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
Avg/Median Rent$1,500 / $1,500Range$1,500 – $1,500Rent per Sq Ft$1 / $1Sq Ft1,456 / 1,456DOM8 / 8New0Total1
Rentals by Bedroom Count
3 Beds
Avg:$1,500Median:$1,500Range:$1,500 – $1,500PSF:$1 / $1Sq Ft:1,456 / 1,456DOM:8 / 8New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 3 Beds | $1,500 | $1,500 | $1,500 – $1,500 | $1 / $1 | 1,456 / 1,456 | 8 / 8 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$359,900Median DOM:72New:3Total:10
Jan 2026
Median Price:$359,900Median DOM:72New:1Total:10
Feb 2026
Median Price:$305,000Median DOM:52New:1Total:6
Mar 2026
Median Price:$305,000Median DOM:47New:1Total:7
Apr 2026
Median Price:$280,000Median DOM:52New:2Total:8
May 2026
Median Price:$318,500Median DOM:62New:0Total:7
6-Month Rental Trend
Apr 2026
Median Rent:$1,500Median DOM:7New:1Total:1
May 2026
Median Rent:$1,500Median DOM:8New:0Total:1
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing remained stable, while total rental inventory was flat.
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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