ZIP 27502 Housing Market Report
Raleigh Metro
Report period: May 2026
27502 Monthly Market Update – May 2026
ZIP 27502 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$535,000
0.0%
Median DOM (Sales)
16
−5.9%
New Listings (Sales)
94
−38.6%
Median Rent
$1,950
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
475
−1.2%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (11 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($1,250,000 median)
Sales Market Overview
Median Price
$535,000
0.0%
Median DOM
16
−5.9%
New Listings
94
−38.6%
Inventory
433
+8.5%
- Average Price: $652,891
- Median Price: $535,000
- Price Range: $200,000 – $4,500,000
- Price per Sq Ft (Avg/Median): $250 / $241
- Square Footage (Avg/Median): 2,506 / 2,244
- Square Footage Range: 1,017 – 5,767
- Days on Market (Avg/Median): 40 / 16
- Days on Market Range: 1 – 347
- New Listings: 94
- Total Listings: 433
Sales by Property Type
Condo
Avg/Median Price$351,500 / $315,000Range$275,000 – $595,000Price per Sq Ft$251 / $250Sq Ft1,410 / 1,278DOM40 / 25New1Total6
Land
Avg/Median Price$2,105,714 / $1,150,000Range$200,000 – $4,000,000Price per Sq Ft—Sq Ft—DOM126 / 105New0Total7
Manufactured
Avg/Median Price$589,000 / $589,000Range$589,000 – $589,000Price per Sq Ft$390 / $390Sq Ft1,512 / 1,512DOM347 / 347New0Total1
Multi-Family
Avg/Median Price$485,000 / $485,000Range$485,000 – $485,000Price per Sq Ft$355 / $355Sq Ft1,368 / 1,368DOM82 / 82New0Total1
Single Family
Avg/Median Price$766,584 / $710,000Range$260,000 – $4,500,000Price per Sq Ft$271 / $257Sq Ft2,850 / 2,765DOM33 / 11New40Total235
Townhouse
Avg/Median Price$462,467 / $473,435Range$294,999 – $695,000Price per Sq Ft$221 / $222Sq Ft2,112 / 2,185DOM43 / 19New53Total183
Sales by Bedroom Count
Studio
Avg:$449,000Median:$449,000Range:$449,000 – $449,000PSF:$191 / $191Sq Ft:2,354 / 2,354DOM:18 / 18New:0Total:1
2 Beds
Avg:$412,458Median:$330,000Range:$275,000 – $1,750,000PSF:$276 / $249Sq Ft:1,402 / 1,352DOM:40 / 32New:2Total:19
3 Beds
Avg:$503,229Median:$480,000Range:$260,000 – $1,975,000PSF:$252 / $237Sq Ft:2,012 / 2,045DOM:48 / 19New:40Total:173
4 Beds
Avg:$672,831Median:$595,000Range:$395,000 – $4,500,000PSF:$249 / $243Sq Ft:2,620 / 2,372DOM:36 / 12New:37Total:152
5 Beds
Avg:$845,346Median:$775,000Range:$610,000 – $1,799,000PSF:$248 / $243Sq Ft:3,424 / 3,228DOM:24 / 9New:11Total:58
6 Beds
Avg:$912,137Median:$908,000Range:$765,000 – $1,325,000PSF:$226 / $224Sq Ft:4,057 / 4,234DOM:15 / 7New:4Total:22
8 Beds
Avg:$1,250,000Median:$1,250,000Range:$1,250,000 – $1,250,000PSF:$277 / $277Sq Ft:4,518 / 4,518DOM:67 / 67New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $449,000 | $449,000 | $449,000 – $449,000 | $191 / $191 | 2,354 / 2,354 | 18 / 18 | 0 | 1 |
| 2 Beds | $412,458 | $330,000 | $275,000 – $1,750,000 | $276 / $249 | 1,402 / 1,352 | 40 / 32 | 2 | 19 |
| 3 Beds | $503,229 | $480,000 | $260,000 – $1,975,000 | $252 / $237 | 2,012 / 2,045 | 48 / 19 | 40 | 173 |
| 4 Beds | $672,831 | $595,000 | $395,000 – $4,500,000 | $249 / $243 | 2,620 / 2,372 | 36 / 12 | 37 | 152 |
| 5 Beds | $845,346 | $775,000 | $610,000 – $1,799,000 | $248 / $243 | 3,424 / 3,228 | 24 / 9 | 11 | 58 |
| 6 Beds | $912,137 | $908,000 | $765,000 – $1,325,000 | $226 / $224 | 4,057 / 4,234 | 15 / 7 | 4 | 22 |
| 8 Beds | $1,250,000 | $1,250,000 | $1,250,000 – $1,250,000 | $277 / $277 | 4,518 / 4,518 | 67 / 67 | 0 | 1 |
Rental Market Overview
Median Rent
$1,950
0.0%
Median DOM
1
0.0%
New Listings
273
Inventory
475
−1.2%
- Average Rent: $1,923
- Median Rent: $1,950
- Rent Range: $605 – $4,250
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,366 / 1,202
- Square Footage Range: 560 – 3,935
- Days on Market (Avg/Median): 15 / 1
- Days on Market Range: 1 – 314
- New Listings: 273
- Total Listings: 475
Rentals by Property Type
Apartment
$1,525
Median DOM: 1
Inventory: 303
MoM: 0.0%
Condo
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
$2,328
Median DOM: 10
Inventory: 67
MoM: 0.0%
Townhouse
$2,200
Median DOM: 13
Inventory: 105
MoM: 0.0%
Apartment
Avg/Median Rent$1,722 / $1,525Range$1,188 – $2,800Rent per Sq Ft$2 / $2Sq Ft993 / 1,060DOM10 / 1New233Total303
Single Family
Avg/Median Rent$2,426 / $2,328Range$605 – $4,250Rent per Sq Ft$1 / $1Sq Ft2,149 / 2,200DOM23 / 10New16Total67
Townhouse
Avg/Median Rent$2,183 / $2,200Range$1,620 – $3,300Rent per Sq Ft$1 / $1Sq Ft1,983 / 2,038DOM24 / 13New24Total105
Rentals by Bedroom Count
Studio
Avg:$1,398Median:$1,398Range:$1,398 – $1,398PSF:$2 / $2Sq Ft:576 / 576DOM:204 / 204New:0Total:1
1 Beds
Avg:$1,413Median:$1,415Range:$605 – $1,637PSF:$2 / $2Sq Ft:769 / 726DOM:5 / 1New:107Total:140
2 Beds
Avg:$1,923Median:$2,000Range:$1,150 – $3,300PSF:$2 / $2Sq Ft:1,183 / 1,182DOM:13 / 1New:118Total:157
3 Beds
Avg:$2,191Median:$2,150Range:$1,395 – $3,750PSF:$1 / $1Sq Ft:1,793 / 1,745DOM:23 / 6New:37Total:111
4 Beds
Avg:$2,446Median:$2,350Range:$1,975 – $3,995PSF:$1 / $1Sq Ft:2,320 / 2,214DOM:22 / 13New:9Total:53
5 Beds
Avg:$3,029Median:$2,900Range:$2,095 – $4,250PSF:$1 / $1Sq Ft:3,063 / 3,100DOM:26 / 27New:2Total:13
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,398 | $1,398 | $1,398 – $1,398 | $2 / $2 | 576 / 576 | 204 / 204 | 0 | 1 |
| 1 Beds | $1,413 | $1,415 | $605 – $1,637 | $2 / $2 | 769 / 726 | 5 / 1 | 107 | 140 |
| 2 Beds | $1,923 | $2,000 | $1,150 – $3,300 | $2 / $2 | 1,183 / 1,182 | 13 / 1 | 118 | 157 |
| 3 Beds | $2,191 | $2,150 | $1,395 – $3,750 | $1 / $1 | 1,793 / 1,745 | 23 / 6 | 37 | 111 |
| 4 Beds | $2,446 | $2,350 | $1,975 – $3,995 | $1 / $1 | 2,320 / 2,214 | 22 / 13 | 9 | 53 |
| 5 Beds | $3,029 | $2,900 | $2,095 – $4,250 | $1 / $1 | 3,063 / 3,100 | 26 / 27 | 2 | 13 |
6-Month Sales Trend
Dec 2025
Median Price:$505,000Median DOM:40New:104Total:329
Jan 2026
Median Price:$525,000Median DOM:24New:138Total:310
Feb 2026
Median Price:$525,000Median DOM:20New:118Total:316
Mar 2026
Median Price:$520,000Median DOM:18New:183Total:362
Apr 2026
Median Price:$535,000Median DOM:17New:153Total:399
May 2026
Median Price:$535,000Median DOM:16New:94Total:433
6-Month Rental Trend
Dec 2025
Median Rent:$1,975Median DOM:1New:245Total:503
Jan 2026
Median Rent:$2,000Median DOM:1New:252Total:381
Feb 2026
Median Rent:$1,940Median DOM:1New:244Total:389
Mar 2026
Median Rent:$1,965Median DOM:1New:290Total:434
Apr 2026
Median Rent:$1,950Median DOM:1New:350Total:481
May 2026
Median Rent:$1,950Median DOM:1New:273Total:475
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. Days on market declined, signaling improving 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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