ZIP 27278 Housing Market Report
Raleigh Metro
Report period: May 2026
27278 Monthly Market Update – May 2026
ZIP 27278 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$499,990
+1.0%
Median DOM (Sales)
32
−5.9%
New Listings (Sales)
31
−64.0%
Median Rent
$1,495
+0.7%
Median DOM (Rental)
1
0.0%
Total Rental Listings
141
−7.8%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Condo (2 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: Studio ($1,400,000 median)
Sales Market Overview
Median Price
$499,990
+1.0%
Median DOM
32
−5.9%
New Listings
31
−64.0%
Inventory
247
−4.3%
- Average Price: $630,205
- Median Price: $499,990
- Price Range: $59,000 – $3,500,000
- Price per Sq Ft (Avg/Median): $258 / $236
- Square Footage (Avg/Median): 2,552 / 2,439
- Square Footage Range: 642 – 7,905
- Days on Market (Avg/Median): 59 / 32
- Days on Market Range: 2 – 339
- New Listings: 31
- Total Listings: 247
Sales by Property Type
Condo
Avg/Median Price$357,500 / $165,000Range$165,000 – $550,000Price per Sq Ft$262 / $146Sq Ft1,291 / 1,131DOM24 / 2New0Total2
Land
Avg/Median Price$452,875 / $295,000Range$59,000 – $2,850,000Price per Sq Ft—Sq Ft—DOM109 / 67New0Total44
Manufactured
Avg/Median Price$463,333 / $285,000Range$190,000 – $1,400,000Price per Sq Ft$168 / $151Sq Ft1,661 / 1,546DOM54 / 13New1Total6
Single Family
Avg/Median Price$708,936 / $600,000Range$179,900 – $3,500,000Price per Sq Ft$267 / $246Sq Ft2,646 / 2,533DOM50 / 24New25Total176
Townhouse
Avg/Median Price$392,968 / $397,555Range$289,000 – $475,000Price per Sq Ft$194 / $198Sq Ft2,053 / 2,023DOM28 / 21New5Total19
Sales by Bedroom Count
Studio
Avg:$1,400,000Median:$1,400,000Range:$1,400,000 – $1,400,000PSF:—Sq Ft:—DOM:24 / 24New:0Total:1
2 Beds
Avg:$368,000Median:$289,000Range:$165,000 – $850,000PSF:$325 / $243Sq Ft:1,113 / 1,131DOM:65 / 45New:2Total:13
3 Beds
Avg:$509,243Median:$450,000Range:$180,000 – $2,200,000PSF:$257 / $250Sq Ft:1,941 / 1,864DOM:55 / 26New:8Total:75
4 Beds
Avg:$725,742Median:$665,000Range:$325,000 – $2,389,000PSF:$246 / $233Sq Ft:2,892 / 2,667DOM:41 / 12New:19Total:85
5 Beds
Avg:$1,027,995Median:$795,000Range:$490,190 – $3,500,000PSF:$264 / $220Sq Ft:3,759 / 3,744DOM:46 / 34New:2Total:28
6 Beds
Avg:$885,000Median:$885,000Range:$885,000 – $885,000PSF:$200 / $200Sq Ft:4,421 / 4,421DOM:5 / 5New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,400,000 | $1,400,000 | $1,400,000 – $1,400,000 | — | — | 24 / 24 | 0 | 1 |
| 2 Beds | $368,000 | $289,000 | $165,000 – $850,000 | $325 / $243 | 1,113 / 1,131 | 65 / 45 | 2 | 13 |
| 3 Beds | $509,243 | $450,000 | $180,000 – $2,200,000 | $257 / $250 | 1,941 / 1,864 | 55 / 26 | 8 | 75 |
| 4 Beds | $725,742 | $665,000 | $325,000 – $2,389,000 | $246 / $233 | 2,892 / 2,667 | 41 / 12 | 19 | 85 |
| 5 Beds | $1,027,995 | $795,000 | $490,190 – $3,500,000 | $264 / $220 | 3,759 / 3,744 | 46 / 34 | 2 | 28 |
| 6 Beds | $885,000 | $885,000 | $885,000 – $885,000 | $200 / $200 | 4,421 / 4,421 | 5 / 5 | 0 | 1 |
Rental Market Overview
Median Rent
$1,495
+0.7%
Median DOM
1
0.0%
New Listings
59
Inventory
141
−7.8%
- Average Rent: $1,596
- Median Rent: $1,495
- Rent Range: $800 – $5,000
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,171 / 1,095
- Square Footage Range: 480 – 3,538
- Days on Market (Avg/Median): 14 / 1
- Days on Market Range: 1 – 358
- New Listings: 59
- Total Listings: 141
Rentals by Property Type
Apartment
$1,439
Median DOM: 1
Inventory: 106
MoM: +0.7%
Condo
$2,300
Median DOM: 8
Inventory: 1
MoM: +0.7%
Single Family
$1,790
Median DOM: 1
Inventory: 30
MoM: +0.7%
Townhouse
$2,200
Median DOM: 28
Inventory: 4
MoM: +0.7%
Apartment
Avg/Median Rent$1,447 / $1,439Range$1,111 – $2,350Rent per Sq Ft$1 / $1Sq Ft1,068 / 1,095DOM15 / 1New44Total106
Condo
Avg/Median Rent$2,300 / $2,300Range$2,300 – $2,300Rent per Sq Ft$3 / $3Sq Ft800 / 800DOM8 / 8New1Total1
Single Family
Avg/Median Rent$2,006 / $1,790Range$800 – $5,000Rent per Sq Ft$2 / $1Sq Ft1,514 / 1,231DOM9 / 1New14Total30
Townhouse
Avg/Median Rent$2,276 / $2,200Range$2,200 – $2,410Rent per Sq Ft$1 / $1Sq Ft1,932 / 1,829DOM26 / 28New0Total4
Rentals by Bedroom Count
1 Beds
Avg:$1,292Median:$1,298Range:$800 – $1,561PSF:$2 / $2Sq Ft:778 / 753DOM:27 / 1New:11Total:28
2 Beds
Avg:$1,508Median:$1,449Range:$1,150 – $5,000PSF:$1 / $1Sq Ft:1,047 / 1,095DOM:10 / 1New:25Total:61
3 Beds
Avg:$1,756Median:$1,650Range:$1,230 – $2,410PSF:$1 / $1Sq Ft:1,368 / 1,403DOM:13 / 1New:20Total:48
4 Beds
Avg:$3,488Median:$3,225Range:$3,225 – $3,750PSF:$1 / $1Sq Ft:3,108 / 3,034DOM:1 / 1New:2Total:2
5 Beds
Avg:$2,800Median:$2,350Range:$2,350 – $3,250PSF:$1 / $1Sq Ft:3,474 / 3,409DOM:1 / 1New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,292 | $1,298 | $800 – $1,561 | $2 / $2 | 778 / 753 | 27 / 1 | 11 | 28 |
| 2 Beds | $1,508 | $1,449 | $1,150 – $5,000 | $1 / $1 | 1,047 / 1,095 | 10 / 1 | 25 | 61 |
| 3 Beds | $1,756 | $1,650 | $1,230 – $2,410 | $1 / $1 | 1,368 / 1,403 | 13 / 1 | 20 | 48 |
| 4 Beds | $3,488 | $3,225 | $3,225 – $3,750 | $1 / $1 | 3,108 / 3,034 | 1 / 1 | 2 | 2 |
| 5 Beds | $2,800 | $2,350 | $2,350 – $3,250 | $1 / $1 | 3,474 / 3,409 | 1 / 1 | 1 | 2 |
6-Month Sales Trend
Dec 2025
Median Price:$450,000Median DOM:82New:18Total:173
Jan 2026
Median Price:$435,000Median DOM:75New:40Total:179
Feb 2026
Median Price:$450,000Median DOM:59New:50Total:197
Mar 2026
Median Price:$474,999Median DOM:28New:80Total:215
Apr 2026
Median Price:$494,900Median DOM:34New:86Total:258
May 2026
Median Price:$499,990Median DOM:32New:31Total:247
6-Month Rental Trend
Dec 2025
Median Rent:$1,492Median DOM:1New:127Total:167
Jan 2026
Median Rent:$1,530Median DOM:1New:107Total:161
Feb 2026
Median Rent:$1,499Median DOM:1New:100Total:148
Mar 2026
Median Rent:$1,506Median DOM:1New:101Total:148
Apr 2026
Median Rent:$1,485Median DOM:1New:105Total:153
May 2026
Median Rent:$1,495Median DOM:1New:59Total:141
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market declined, signaling improving 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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