ZIP 27504 Housing Market Report
Raleigh Metro
Report period: May 2026
27504 Monthly Market Update – May 2026
ZIP 27504 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$370,000
−2.6%
Median DOM (Sales)
40
+5.3%
New Listings (Sales)
21
−65.0%
Median Rent
$1,800
0.0%
Median DOM (Rental)
30
+36.4%
Total Rental Listings
44
0.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents were stable.
What's Moving Fastest
- Fastest selling: Manufactured (12 DOM)
- Fastest renting: Single Family (14 DOM)
- Strongest bedroom: 6 Beds ($499,900 median)
Sales Market Overview
Median Price
$370,000
−2.6%
Median DOM
40
+5.3%
New Listings
21
−65.0%
Inventory
254
+5.0%
- Average Price: $431,125
- Median Price: $370,000
- Price Range: $40,000 – $6,764,000
- Price per Sq Ft (Avg/Median): $194 / $187
- Square Footage (Avg/Median): 2,181 / 2,162
- Square Footage Range: 936 – 8,000
- Days on Market (Avg/Median): 76 / 40
- Days on Market Range: 2 – 356
- New Listings: 21
- Total Listings: 254
Sales by Property Type
Land
Avg/Median Price$526,211 / $150,000Range$40,000 – $6,764,000Price per Sq Ft—Sq Ft—DOM104 / 44New2Total37
Manufactured
Avg/Median Price$212,500 / $150,000Range$150,000 – $275,000Price per Sq Ft$155 / $104Sq Ft1,388 / 1,336DOM49 / 12New0Total2
Single Family
Avg/Median Price$416,795 / $389,900Range$115,000 – $2,000,000Price per Sq Ft$194 / $187Sq Ft2,188 / 2,162DOM71 / 39New19Total215
Sales by Bedroom Count
2 Beds
Avg:$281,311Median:$275,000Range:$115,000 – $440,900PSF:$190 / $174Sq Ft:1,614 / 1,336DOM:101 / 69New:0Total:9
3 Beds
Avg:$373,736Median:$348,900Range:$135,000 – $1,250,000PSF:$201 / $195Sq Ft:1,872 / 1,679DOM:75 / 38New:11Total:135
4 Beds
Avg:$491,725Median:$449,990Range:$269,000 – $2,000,000PSF:$186 / $176Sq Ft:2,616 / 2,438DOM:67 / 40New:5Total:55
5 Beds
Avg:$559,121Median:$497,990Range:$359,900 – $1,699,000PSF:$160 / $159Sq Ft:3,439 / 3,051DOM:41 / 33New:3Total:17
6 Beds
Avg:$499,900Median:$499,900Range:$499,900 – $499,900PSF:$161 / $161Sq Ft:3,105 / 3,105DOM:26 / 26New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $281,311 | $275,000 | $115,000 – $440,900 | $190 / $174 | 1,614 / 1,336 | 101 / 69 | 0 | 9 |
| 3 Beds | $373,736 | $348,900 | $135,000 – $1,250,000 | $201 / $195 | 1,872 / 1,679 | 75 / 38 | 11 | 135 |
| 4 Beds | $491,725 | $449,990 | $269,000 – $2,000,000 | $186 / $176 | 2,616 / 2,438 | 67 / 40 | 5 | 55 |
| 5 Beds | $559,121 | $497,990 | $359,900 – $1,699,000 | $160 / $159 | 3,439 / 3,051 | 41 / 33 | 3 | 17 |
| 6 Beds | $499,900 | $499,900 | $499,900 – $499,900 | $161 / $161 | 3,105 / 3,105 | 26 / 26 | 0 | 1 |
Rental Market Overview
Median Rent
$1,800
0.0%
Median DOM
30
+36.4%
New Listings
11
Inventory
44
0.0%
- Average Rent: $1,746
- Median Rent: $1,800
- Rent Range: $950 – $2,299
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,684 / 1,563
- Square Footage Range: 1,000 – 2,623
- Days on Market (Avg/Median): 39 / 30
- Days on Market Range: 1 – 161
- New Listings: 11
- Total Listings: 44
Rentals by Property Type
Apartment
$1,150
Median DOM: 30
Inventory: 1
MoM: 0.0%
Condo
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
$1,875
Median DOM: 14
Inventory: 35
MoM: 0.0%
Townhouse
$1,800
Median DOM: 84
Inventory: 8
MoM: 0.0%
Apartment
Avg/Median Rent$1,150 / $1,150Range$1,150 – $1,150Rent per Sq Ft$1 / $1Sq Ft1,000 / 1,000DOM30 / 30New0Total1
Single Family
Avg/Median Rent$1,793 / $1,875Range$950 – $2,299Rent per Sq Ft$1 / $1Sq Ft1,720 / 1,571DOM28 / 14New9Total35
Townhouse
Avg/Median Rent$1,612 / $1,800Range$1,250 – $1,875Rent per Sq Ft$1 / $1Sq Ft1,563 / 1,563DOM83 / 84New2Total8
Rentals by Bedroom Count
1 Beds
Avg:$1,050Median:$950Range:$950 – $1,150PSF:$1 / $1Sq Ft:1,000 / 1,000DOM:16 / 1New:0Total:2
2 Beds
Avg:$1,212Median:$1,150Range:$1,095 – $1,400PSF:$1 / $1Sq Ft:1,191 / 1,191DOM:37 / 1New:2Total:8
3 Beds
Avg:$1,861Median:$1,850Range:$1,400 – $2,230PSF:$1 / $1Sq Ft:1,570 / 1,514DOM:45 / 31New:8Total:28
4 Beds
Avg:$2,152Median:$2,167Range:$1,920 – $2,299PSF:$1 / $1Sq Ft:2,357 / 2,272DOM:24 / 14New:1Total:6
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,050 | $950 | $950 – $1,150 | $1 / $1 | 1,000 / 1,000 | 16 / 1 | 0 | 2 |
| 2 Beds | $1,212 | $1,150 | $1,095 – $1,400 | $1 / $1 | 1,191 / 1,191 | 37 / 1 | 2 | 8 |
| 3 Beds | $1,861 | $1,850 | $1,400 – $2,230 | $1 / $1 | 1,570 / 1,514 | 45 / 31 | 8 | 28 |
| 4 Beds | $2,152 | $2,167 | $1,920 – $2,299 | $1 / $1 | 2,357 / 2,272 | 24 / 14 | 1 | 6 |
6-Month Sales Trend
Dec 2025
Median Price:$378,400Median DOM:80New:35Total:219
Jan 2026
Median Price:$364,900Median DOM:62New:61Total:223
Feb 2026
Median Price:$365,000Median DOM:50New:49Total:222
Mar 2026
Median Price:$374,900Median DOM:46New:62Total:229
Apr 2026
Median Price:$379,900Median DOM:38New:60Total:242
May 2026
Median Price:$370,000Median DOM:40New:21Total:254
6-Month Rental Trend
Dec 2025
Median Rent:$1,880Median DOM:13New:18Total:44
Jan 2026
Median Rent:$1,749Median DOM:24New:16Total:36
Feb 2026
Median Rent:$1,729Median DOM:29New:13Total:36
Mar 2026
Median Rent:$1,729Median DOM:10New:19Total:39
Apr 2026
Median Rent:$1,800Median DOM:22New:19Total:44
May 2026
Median Rent:$1,800Median DOM:30New:11Total:44
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing remained stable, 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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