ZIP 27312 Housing Market Report
Raleigh Metro
Report period: May 2026
27312 Monthly Market Update – May 2026
ZIP 27312 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$615,000
+0.8%
Median DOM (Sales)
49
+2.1%
New Listings (Sales)
52
−54.0%
Median Rent
$1,700
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
386
−3.0%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Townhouse (9 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($1,239,900 median)
Sales Market Overview
Median Price
$615,000
+0.8%
Median DOM
49
+2.1%
New Listings
52
−54.0%
Inventory
401
+4.2%
- Average Price: $810,123
- Median Price: $615,000
- Price Range: $99,000 – $7,689,900
- Price per Sq Ft (Avg/Median): $297 / $273
- Square Footage (Avg/Median): 2,930 / 2,739
- Square Footage Range: 328 – 10,291
- Days on Market (Avg/Median): 82 / 49
- Days on Market Range: 2 – 356
- New Listings: 52
- Total Listings: 401
Sales by Property Type
Apartment
Avg/Median Price$1,100,000 / $1,100,000Range$1,100,000 – $1,100,000Price per Sq Ft$401 / $401Sq Ft2,740 / 2,740DOM37 / 37New0Total1
Condo
Avg/Median Price$423,167 / $439,500Range$345,000 – $485,000Price per Sq Ft$410 / $416Sq Ft1,029 / 1,045DOM205 / 175New0Total3
Land
Avg/Median Price$492,041 / $350,000Range$99,000 – $4,500,000Price per Sq Ft—Sq Ft—DOM135 / 148New4Total99
Manufactured
Avg/Median Price$385,000 / $325,000Range$150,000 – $579,000Price per Sq Ft$391 / $393Sq Ft1,245 / 1,400DOM47 / 41New2Total5
Single Family
Avg/Median Price$1,009,550 / $844,900Range$134,100 – $7,689,900Price per Sq Ft$301 / $274Sq Ft3,178 / 3,127DOM72 / 41New29Total252
Townhouse
Avg/Median Price$425,521 / $430,000Range$270,000 – $574,900Price per Sq Ft$250 / $242Sq Ft1,754 / 1,739DOM31 / 9New17Total41
Sales by Bedroom Count
1 Beds
Avg:$302,375Median:$275,000Range:$150,000 – $439,500PSF:$400 / $393Sq Ft:772 / 839DOM:139 / 42New:0Total:4
2 Beds
Avg:$461,704Median:$445,690Range:$134,100 – $1,100,000PSF:$319 / $301Sq Ft:1,471 / 1,467DOM:32 / 8New:9Total:26
3 Beds
Avg:$594,764Median:$519,000Range:$165,000 – $4,200,000PSF:$270 / $258Sq Ft:2,158 / 2,050DOM:45 / 19New:27Total:121
4 Beds
Avg:$1,120,223Median:$985,000Range:$448,910 – $6,000,000PSF:$305 / $298Sq Ft:3,557 / 3,451DOM:81 / 56New:9Total:107
5 Beds
Avg:$1,694,560Median:$1,224,900Range:$719,000 – $7,689,900PSF:$346 / $292Sq Ft:4,531 / 4,144DOM:119 / 83New:2Total:38
6 Beds
Avg:$1,192,020Median:$1,239,900Range:$977,000 – $1,350,000PSF:$245 / $236Sq Ft:4,934 / 4,833DOM:100 / 41New:1Total:5
7 Beds
Avg:$750,000Median:$750,000Range:$750,000 – $750,000PSF:$154 / $154Sq Ft:4,862 / 4,862DOM:59 / 59New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $302,375 | $275,000 | $150,000 – $439,500 | $400 / $393 | 772 / 839 | 139 / 42 | 0 | 4 |
| 2 Beds | $461,704 | $445,690 | $134,100 – $1,100,000 | $319 / $301 | 1,471 / 1,467 | 32 / 8 | 9 | 26 |
| 3 Beds | $594,764 | $519,000 | $165,000 – $4,200,000 | $270 / $258 | 2,158 / 2,050 | 45 / 19 | 27 | 121 |
| 4 Beds | $1,120,223 | $985,000 | $448,910 – $6,000,000 | $305 / $298 | 3,557 / 3,451 | 81 / 56 | 9 | 107 |
| 5 Beds | $1,694,560 | $1,224,900 | $719,000 – $7,689,900 | $346 / $292 | 4,531 / 4,144 | 119 / 83 | 2 | 38 |
| 6 Beds | $1,192,020 | $1,239,900 | $977,000 – $1,350,000 | $245 / $236 | 4,934 / 4,833 | 100 / 41 | 1 | 5 |
| 7 Beds | $750,000 | $750,000 | $750,000 – $750,000 | $154 / $154 | 4,862 / 4,862 | 59 / 59 | 0 | 1 |
Rental Market Overview
Median Rent
$1,700
0.0%
Median DOM
1
0.0%
New Listings
271
Inventory
386
−3.0%
- Average Rent: $1,740
- Median Rent: $1,700
- Rent Range: $800 – $4,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,101 / 1,065
- Square Footage Range: 600 – 3,450
- Days on Market (Avg/Median): 7 / 1
- Days on Market Range: 1 – 282
- New Listings: 271
- Total Listings: 386
Rentals by Property Type
Apartment
$1,700
Median DOM: 1
Inventory: 336
MoM: 0.0%
Condo
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
$2,300
Median DOM: 8
Inventory: 42
MoM: 0.0%
Townhouse
$2,195
Median DOM: 21
Inventory: 6
MoM: 0.0%
Apartment
Avg/Median Rent$1,650 / $1,700Range$995 – $2,616Rent per Sq Ft$2 / $2Sq Ft990 / 1,065DOM5 / 1New257Total336
Manufactured
Avg/Median Rent$1,795 / $1,795Range$1,795 – $1,795Rent per Sq Ft—Sq Ft—DOM18 / 18New0Total1
Multi-Family
Avg/Median Rent$1,550 / $1,550Range$1,550 – $1,550Rent per Sq Ft$1 / $1Sq Ft1,264 / 1,264DOM63 / 63New0Total1
Single Family
Avg/Median Rent$2,421 / $2,300Range$800 – $4,000Rent per Sq Ft$1 / $1Sq Ft1,924 / 1,830DOM24 / 8New13Total42
Townhouse
Avg/Median Rent$2,034 / $2,195Range$1,295 – $2,400Rent per Sq Ft$1 / $1Sq Ft1,674 / 1,817DOM21 / 21New1Total6
Rentals by Bedroom Count
Studio
Avg:$1,352Median:$1,431Range:$800 – $1,486PSF:$2 / $2Sq Ft:613 / 615DOM:3 / 1New:4Total:9
1 Beds
Avg:$1,450Median:$1,440Range:$995 – $2,206PSF:$2 / $2Sq Ft:774 / 791DOM:8 / 1New:82Total:113
2 Beds
Avg:$1,681Median:$1,700Range:$1,150 – $2,616PSF:$2 / $2Sq Ft:1,082 / 1,065DOM:5 / 1New:140Total:183
3 Beds
Avg:$2,159Median:$2,110Range:$1,650 – $3,750PSF:$2 / $2Sq Ft:1,454 / 1,373DOM:10 / 1New:42Total:68
4 Beds
Avg:$3,269Median:$3,500Range:$1,900 – $4,000PSF:$1 / $1Sq Ft:2,638 / 2,811DOM:9 / 1New:3Total:10
5 Beds
Avg:$2,908Median:$3,095Range:$2,235 – $3,395PSF:$1 / $1Sq Ft:2,950 / 3,000DOM:57 / 20New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,352 | $1,431 | $800 – $1,486 | $2 / $2 | 613 / 615 | 3 / 1 | 4 | 9 |
| 1 Beds | $1,450 | $1,440 | $995 – $2,206 | $2 / $2 | 774 / 791 | 8 / 1 | 82 | 113 |
| 2 Beds | $1,681 | $1,700 | $1,150 – $2,616 | $2 / $2 | 1,082 / 1,065 | 5 / 1 | 140 | 183 |
| 3 Beds | $2,159 | $2,110 | $1,650 – $3,750 | $2 / $2 | 1,454 / 1,373 | 10 / 1 | 42 | 68 |
| 4 Beds | $3,269 | $3,500 | $1,900 – $4,000 | $1 / $1 | 2,638 / 2,811 | 9 / 1 | 3 | 10 |
| 5 Beds | $2,908 | $3,095 | $2,235 – $3,395 | $1 / $1 | 2,950 / 3,000 | 57 / 20 | 0 | 3 |
6-Month Sales Trend
Dec 2025
Median Price:$612,120Median DOM:89New:46Total:328
Jan 2026
Median Price:$620,000Median DOM:86New:65Total:294
Feb 2026
Median Price:$600,000Median DOM:66New:96Total:332
Mar 2026
Median Price:$600,000Median DOM:47New:99Total:347
Apr 2026
Median Price:$609,900Median DOM:48New:113Total:385
May 2026
Median Price:$615,000Median DOM:49New:52Total:401
6-Month Rental Trend
Dec 2025
Median Rent:$1,700Median DOM:1New:318Total:366
Jan 2026
Median Rent:$1,700Median DOM:1New:298Total:362
Feb 2026
Median Rent:$1,700Median DOM:1New:301Total:358
Mar 2026
Median Rent:$1,700Median DOM:1New:309Total:377
Apr 2026
Median Rent:$1,700Median DOM:1New:327Total:398
May 2026
Median Rent:$1,700Median DOM:1New:271Total:386
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing remained stable, 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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