ZIP 27344 Housing Market Report
Raleigh Metro
Report period: May 2026
27344 Monthly Market Update – May 2026
ZIP 27344 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$289,900
+3.9%
Median DOM (Sales)
57
0.0%
New Listings (Sales)
5
−73.7%
Median Rent
$1,250
+4.2%
Median DOM (Rental)
1
−50.0%
Total Rental Listings
25
−10.7%
Month-over-Month Movement
Median sale prices moved higher. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (24 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 2 Beds ($589,000 median)
Sales Market Overview
Median Price
$289,900
+3.9%
Median DOM
57
0.0%
New Listings
5
−73.7%
Inventory
98
+1.0%
- Average Price: $485,526
- Median Price: $289,900
- Price Range: $25,000 – $2,400,000
- Price per Sq Ft (Avg/Median): $237 / $179
- Square Footage (Avg/Median): 2,254 / 2,044
- Square Footage Range: 909 – 6,221
- Days on Market (Avg/Median): 96 / 57
- Days on Market Range: 2 – 362
- New Listings: 5
- Total Listings: 98
Sales by Property Type
Land
Avg/Median Price$454,674 / $189,000Range$25,000 – $2,400,000Price per Sq Ft—Sq Ft—DOM125 / 81New0Total53
Manufactured
Avg/Median Price$334,150 / $220,000Range$180,000 – $745,000Price per Sq Ft$177 / $130Sq Ft1,886 / 1,512DOM59 / 33New0Total6
Multi-Family
Avg/Median Price$259,000 / $259,000Range$259,000 – $259,000Price per Sq Ft$138 / $138Sq Ft1,877 / 1,877DOM123 / 123New0Total1
Single Family
Avg/Median Price$558,419 / $438,000Range$205,000 – $1,675,000Price per Sq Ft$249 / $195Sq Ft2,322 / 2,229DOM68 / 24New5Total38
Sales by Bedroom Count
2 Beds
Avg:$653,980Median:$589,000Range:$210,000 – $1,496,000PSF:$450 / $360Sq Ft:1,408 / 1,392DOM:28 / 12New:1Total:5
3 Beds
Avg:$473,653Median:$340,000Range:$180,000 – $1,200,000PSF:$215 / $170Sq Ft:2,149 / 1,877DOM:68 / 25New:3Total:29
4 Beds
Avg:$469,762Median:$399,000Range:$259,900 – $774,400PSF:$192 / $144Sq Ft:2,510 / 2,405DOM:92 / 24New:0Total:8
5 Beds
Avg:$906,625Median:$549,000Range:$495,875 – $1,675,000PSF:$215 / $220Sq Ft:3,999 / 3,527DOM:51 / 6New:1Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $653,980 | $589,000 | $210,000 – $1,496,000 | $450 / $360 | 1,408 / 1,392 | 28 / 12 | 1 | 5 |
| 3 Beds | $473,653 | $340,000 | $180,000 – $1,200,000 | $215 / $170 | 2,149 / 1,877 | 68 / 25 | 3 | 29 |
| 4 Beds | $469,762 | $399,000 | $259,900 – $774,400 | $192 / $144 | 2,510 / 2,405 | 92 / 24 | 0 | 8 |
| 5 Beds | $906,625 | $549,000 | $495,875 – $1,675,000 | $215 / $220 | 3,999 / 3,527 | 51 / 6 | 1 | 3 |
Rental Market Overview
Median Rent
$1,250
+4.2%
Median DOM
1
−50.0%
New Listings
4
Inventory
25
−10.7%
- Average Rent: $1,290
- Median Rent: $1,250
- Rent Range: $400 – $2,300
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,009 / 1,000
- Square Footage Range: 416 – 2,000
- Days on Market (Avg/Median): 20 / 1
- Days on Market Range: 1 – 205
- New Listings: 4
- Total Listings: 25
Rentals by Property Type
Apartment
$1,200
Median DOM: 2
Inventory: 9
MoM: +4.2%
Condo
$1,275
Median DOM: 1
Inventory: 4
MoM: +4.2%
Single Family
$1,500
Median DOM: 1
Inventory: 11
MoM: +4.2%
Townhouse
—
Median DOM: —
Inventory: —
MoM: +4.2%
Apartment
Avg/Median Rent$1,203 / $1,200Range$825 – $1,800Rent per Sq Ft$1 / $1Sq Ft920 / 925DOM22 / 2New0Total9
Condo
Avg/Median Rent$1,269 / $1,275Range$1,250 – $1,275Rent per Sq Ft$1 / $1Sq Ft1,000 / 1,000DOM1 / 1New1Total4
Manufactured
Avg/Median Rent$400 / $400Range$400 – $400Rent per Sq Ft—Sq Ft—DOM19 / 19New0Total1
Single Family
Avg/Median Rent$1,450 / $1,500Range$650 – $2,300Rent per Sq Ft$1 / $1Sq Ft1,059 / 1,152DOM26 / 1New3Total11
Rentals by Bedroom Count
1 Beds
Avg:$1,150Median:$1,200Range:$650 – $1,800PSF:$2 / $2Sq Ft:763 / 600DOM:19 / 2New:0Total:9
2 Beds
Avg:$1,147Median:$1,250Range:$400 – $1,500PSF:$1 / $1Sq Ft:857 / 850DOM:13 / 1New:1Total:8
3 Beds
Avg:$1,611Median:$1,599Range:$825 – $2,300PSF:$1 / $1Sq Ft:1,352 / 1,196DOM:31 / 1New:3Total:7
4 Beds
Avg:$1,450Median:$1,450Range:$1,450 – $1,450PSF:$1 / $1Sq Ft:1,220 / 1,220DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,150 | $1,200 | $650 – $1,800 | $2 / $2 | 763 / 600 | 19 / 2 | 0 | 9 |
| 2 Beds | $1,147 | $1,250 | $400 – $1,500 | $1 / $1 | 857 / 850 | 13 / 1 | 1 | 8 |
| 3 Beds | $1,611 | $1,599 | $825 – $2,300 | $1 / $1 | 1,352 / 1,196 | 31 / 1 | 3 | 7 |
| 4 Beds | $1,450 | $1,450 | $1,450 – $1,450 | $1 / $1 | 1,220 / 1,220 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$325,000Median DOM:111New:10Total:102
Jan 2026
Median Price:$310,000Median DOM:108New:9Total:89
Feb 2026
Median Price:$330,000Median DOM:109New:14Total:88
Mar 2026
Median Price:$279,000Median DOM:61New:19Total:92
Apr 2026
Median Price:$279,000Median DOM:57New:19Total:97
May 2026
Median Price:$289,900Median DOM:57New:5Total:98
6-Month Rental Trend
Dec 2025
Median Rent:$1,250Median DOM:1New:6Total:14
Jan 2026
Median Rent:$1,200Median DOM:1New:6Total:12
Feb 2026
Median Rent:$1,200Median DOM:1New:9Total:15
Mar 2026
Median Rent:$1,275Median DOM:1New:12Total:18
Apr 2026
Median Rent:$1,200Median DOM:2New:14Total:28
May 2026
Median Rent:$1,250Median DOM:1New:4Total:25
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market were unchanged, signaling steady 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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