ZIP 27231 Housing Market Report
Raleigh Metro
Report period: May 2026
27231 Monthly Market Update – May 2026
ZIP 27231 · Last updated May 10, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$450,000
+5.9%
Median DOM (Sales)
52
+13.0%
New Listings (Sales)
1
−75.0%
Median Rent
$1,695
+26.5%
Median DOM (Rental)
1
0.0%
Total Rental Listings
1
0.0%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents moved higher.
What's Moving Fastest
- Fastest selling: Single Family (25 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 4 Beds ($1,123,360 median)
Sales Market Overview
Median Price
$450,000
+5.9%
Median DOM
52
+13.0%
New Listings
1
−75.0%
Inventory
23
−11.5%
- Average Price: $579,055
- Median Price: $450,000
- Price Range: $175,000 – $1,750,000
- Price per Sq Ft (Avg/Median): $290 / $264
- Square Footage (Avg/Median): 2,645 / 2,082
- Square Footage Range: 1,413 – 4,400
- Days on Market (Avg/Median): 104 / 52
- Days on Market Range: 2 – 342
- New Listings: 1
- Total Listings: 23
Sales by Property Type
Land
Avg/Median Price$408,455 / $245,000Range$175,000 – $1,750,000Price per Sq Ft—Sq Ft—DOM170 / 199New0Total11
Single Family
Avg/Median Price$735,438 / $650,000Range$349,900 – $1,188,000Price per Sq Ft$290 / $264Sq Ft2,645 / 2,082DOM32 / 25New1Total12
Sales by Bedroom Count
3 Beds
Avg:$535,700Median:$485,000Range:$349,900 – $850,000PSF:$304 / $264Sq Ft:1,820 / 1,818DOM:30 / 25New:1Total:7
4 Beds
Avg:$1,123,360Median:$1,123,360Range:$1,123,360 – $1,123,360PSF:$284 / $284Sq Ft:3,953 / 3,953DOM:41 / 41New:0Total:1
5 Beds
Avg:$985,667Median:$930,500Range:$838,500 – $1,188,000PSF:$279 / $291Sq Ft:3,549 / 3,691DOM:24 / 24New:0Total:3
6 Beds
Avg:$995,000Median:$995,000Range:$995,000 – $995,000PSF:$226 / $226Sq Ft:4,400 / 4,400DOM:43 / 43New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 3 Beds | $535,700 | $485,000 | $349,900 – $850,000 | $304 / $264 | 1,820 / 1,818 | 30 / 25 | 1 | 7 |
| 4 Beds | $1,123,360 | $1,123,360 | $1,123,360 – $1,123,360 | $284 / $284 | 3,953 / 3,953 | 41 / 41 | 0 | 1 |
| 5 Beds | $985,667 | $930,500 | $838,500 – $1,188,000 | $279 / $291 | 3,549 / 3,691 | 24 / 24 | 0 | 3 |
| 6 Beds | $995,000 | $995,000 | $995,000 – $995,000 | $226 / $226 | 4,400 / 4,400 | 43 / 43 | 0 | 1 |
Rental Market Overview
Median Rent
$1,695
+26.5%
Median DOM
1
0.0%
New Listings
1
Inventory
1
0.0%
- Average Rent: $1,695
- Median Rent: $1,695
- Rent Range: $1,695 – $1,695
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,054 / 1,054
- Square Footage Range: 1,054 – 1,054
- Days on Market (Avg/Median): 1 / 1
- Days on Market Range: 1 – 1
- New Listings: 1
- Total Listings: 1
Rentals by Property Type
Apartment
—
Median DOM: —
Inventory: —
MoM: +26.5%
Condo
—
Median DOM: —
Inventory: —
MoM: +26.5%
Single Family
$1,695
Median DOM: 1
Inventory: 1
MoM: +26.5%
Townhouse
—
Median DOM: —
Inventory: —
MoM: +26.5%
Single Family
Avg/Median Rent$1,695 / $1,695Range$1,695 – $1,695Rent per Sq Ft$2 / $2Sq Ft1,054 / 1,054DOM1 / 1New1Total1
Rentals by Bedroom Count
3 Beds
Avg:$1,695Median:$1,695Range:$1,695 – $1,695PSF:$2 / $2Sq Ft:1,054 / 1,054DOM:1 / 1New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 3 Beds | $1,695 | $1,695 | $1,695 – $1,695 | $2 / $2 | 1,054 / 1,054 | 1 / 1 | 1 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$330,000Median DOM:98New:0Total:19
Jan 2026
Median Price:$315,500Median DOM:128New:1Total:17
Feb 2026
Median Price:$315,500Median DOM:155New:6Total:21
Mar 2026
Median Price:$369,700Median DOM:58New:6Total:26
Apr 2026
Median Price:$425,000Median DOM:46New:4Total:26
May 2026
Median Price:$450,000Median DOM:52New:1Total:23
6-Month Rental Trend
Dec 2025
Median Rent:$1,950Median DOM:51New:0Total:1
Jan 2026
Median Rent:$1,340Median DOM:1New:1Total:2
Feb 2026
Median Rent:$1,340Median DOM:1New:0Total:2
Mar 2026
Median Rent:$1,340Median DOM:1New:0Total:1
May 2026
Median Rent:$1,695Median DOM:1New:1Total:1
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 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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