ZIP 27511 Housing Market Report
Raleigh Metro
Report period: May 2026
27511 Monthly Market Update – May 2026
ZIP 27511 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$567,500
+3.4%
Median DOM (Sales)
22
+4.8%
New Listings (Sales)
21
−67.2%
Median Rent
$1,499
+0.3%
Median DOM (Rental)
1
0.0%
Total Rental Listings
302
−3.5%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Condo (16 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($2,995,000 median)
Sales Market Overview
Median Price
$567,500
+3.4%
Median DOM
22
+4.8%
New Listings
21
−67.2%
Inventory
185
−4.6%
- Average Price: $721,833
- Median Price: $567,500
- Price Range: $220,000 – $3,900,000
- Price per Sq Ft (Avg/Median): $309 / $274
- Square Footage (Avg/Median): 2,263 / 1,961
- Square Footage Range: 754 – 12,658
- Days on Market (Avg/Median): 53 / 22
- Days on Market Range: 2 – 311
- New Listings: 21
- Total Listings: 185
Sales by Property Type
Condo
Avg/Median Price$604,925 / $692,000Range$225,000 – $875,490Price per Sq Ft$346 / $348Sq Ft1,756 / 1,656DOM56 / 16New5Total18
Land
Avg/Median Price$911,667 / $525,000Range$224,000 – $2,495,000Price per Sq Ft—Sq Ft—DOM111 / 97New0Total6
Multi-Family
Avg/Median Price$805,000 / $850,000Range$615,000 – $950,000Price per Sq Ft$342 / $260Sq Ft2,588 / 2,456DOM61 / 63New0Total3
Single Family
Avg/Median Price$849,688 / $600,000Range$235,000 – $3,900,000Price per Sq Ft$327 / $285Sq Ft2,581 / 2,276DOM52 / 18New12Total117
Townhouse
Avg/Median Price$374,439 / $340,000Range$220,000 – $800,000Price per Sq Ft$240 / $237Sq Ft1,557 / 1,462DOM46 / 29New4Total41
Sales by Bedroom Count
2 Beds
Avg:$382,451Median:$315,000Range:$220,000 – $925,000PSF:$327 / $280Sq Ft:1,200 / 1,185DOM:47 / 21New:4Total:31
3 Beds
Avg:$553,037Median:$475,000Range:$299,000 – $1,775,000PSF:$308 / $286Sq Ft:1,798 / 1,682DOM:45 / 14New:10Total:77
4 Beds
Avg:$746,770Median:$625,000Range:$350,000 – $2,500,000PSF:$274 / $264Sq Ft:2,653 / 2,414DOM:51 / 16New:5Total:49
5 Beds
Avg:$1,462,768Median:$959,000Range:$595,000 – $3,880,000PSF:$360 / $325Sq Ft:3,905 / 3,657DOM:84 / 80New:2Total:19
6 Beds
Avg:$3,081,667Median:$2,995,000Range:$2,350,000 – $3,900,000PSF:$395 / $377Sq Ft:8,436 / 7,950DOM:58 / 62New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $382,451 | $315,000 | $220,000 – $925,000 | $327 / $280 | 1,200 / 1,185 | 47 / 21 | 4 | 31 |
| 3 Beds | $553,037 | $475,000 | $299,000 – $1,775,000 | $308 / $286 | 1,798 / 1,682 | 45 / 14 | 10 | 77 |
| 4 Beds | $746,770 | $625,000 | $350,000 – $2,500,000 | $274 / $264 | 2,653 / 2,414 | 51 / 16 | 5 | 49 |
| 5 Beds | $1,462,768 | $959,000 | $595,000 – $3,880,000 | $360 / $325 | 3,905 / 3,657 | 84 / 80 | 2 | 19 |
| 6 Beds | $3,081,667 | $2,995,000 | $2,350,000 – $3,900,000 | $395 / $377 | 8,436 / 7,950 | 58 / 62 | 0 | 3 |
Rental Market Overview
Median Rent
$1,499
+0.3%
Median DOM
1
0.0%
New Listings
153
Inventory
302
−3.5%
- Average Rent: $1,662
- Median Rent: $1,499
- Rent Range: $915 – $5,901
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,000 / 984
- Square Footage Range: 500 – 2,232
- Days on Market (Avg/Median): 11 / 1
- Days on Market Range: 1 – 222
- New Listings: 153
- Total Listings: 302
Rentals by Property Type
Apartment
$1,399
Median DOM: 1
Inventory: 242
MoM: +0.3%
Condo
$1,695
Median DOM: 2
Inventory: 2
MoM: +0.3%
Single Family
$2,195
Median DOM: 6
Inventory: 25
MoM: +0.3%
Townhouse
$1,650
Median DOM: 13
Inventory: 31
MoM: +0.3%
Apartment
Avg/Median Rent$1,590 / $1,399Range$915 – $5,901Rent per Sq Ft$2 / $2Sq Ft925 / 944DOM7 / 1New138Total242
Condo
Avg/Median Rent$2,045 / $1,695Range$1,695 – $2,395Rent per Sq Ft$2 / $2Sq Ft1,215 / 1,100DOM57 / 2New1Total2
Multi-Family
Avg/Median Rent$1,875 / $1,350Range$1,350 – $2,400Rent per Sq Ft$2 / $2Sq Ft1,220 / 900DOM21 / 14New0Total2
Single Family
Avg/Median Rent$2,181 / $2,195Range$1,495 – $3,100Rent per Sq Ft$2 / $2Sq Ft1,422 / 1,330DOM13 / 6New7Total25
Townhouse
Avg/Median Rent$1,765 / $1,650Range$1,050 – $4,756Rent per Sq Ft$1 / $1Sq Ft1,301 / 1,170DOM32 / 13New7Total31
Rentals by Bedroom Count
Studio
Avg:$1,629Median:$1,556Range:$1,474 – $1,825PSF:$3 / $3Sq Ft:577 / 588DOM:13 / 1New:5Total:9
1 Beds
Avg:$1,480Median:$1,289Range:$915 – $3,636PSF:$2 / $2Sq Ft:747 / 743DOM:6 / 1New:43Total:83
2 Beds
Avg:$1,585Median:$1,400Range:$1,050 – $3,120PSF:$2 / $1Sq Ft:1,031 / 1,040DOM:9 / 1New:84Total:154
3 Beds
Avg:$1,969Median:$1,890Range:$1,329 – $4,756PSF:$1 / $1Sq Ft:1,362 / 1,300DOM:20 / 5New:19Total:48
4 Beds
Avg:$3,217Median:$2,338Range:$2,250 – $5,901PSF:$1 / $1Sq Ft:1,860 / 1,905DOM:33 / 11New:2Total:8
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,629 | $1,556 | $1,474 – $1,825 | $3 / $3 | 577 / 588 | 13 / 1 | 5 | 9 |
| 1 Beds | $1,480 | $1,289 | $915 – $3,636 | $2 / $2 | 747 / 743 | 6 / 1 | 43 | 83 |
| 2 Beds | $1,585 | $1,400 | $1,050 – $3,120 | $2 / $1 | 1,031 / 1,040 | 9 / 1 | 84 | 154 |
| 3 Beds | $1,969 | $1,890 | $1,329 – $4,756 | $1 / $1 | 1,362 / 1,300 | 20 / 5 | 19 | 48 |
| 4 Beds | $3,217 | $2,338 | $2,250 – $5,901 | $1 / $1 | 1,860 / 1,905 | 33 / 11 | 2 | 8 |
6-Month Sales Trend
Dec 2025
Median Price:$549,900Median DOM:58New:29Total:175
Jan 2026
Median Price:$553,390Median DOM:64New:43Total:170
Feb 2026
Median Price:$560,000Median DOM:51New:49Total:173
Mar 2026
Median Price:$549,900Median DOM:25New:59Total:179
Apr 2026
Median Price:$549,000Median DOM:21New:64Total:194
May 2026
Median Price:$567,500Median DOM:22New:21Total:185
6-Month Rental Trend
Dec 2025
Median Rent:$1,695Median DOM:1New:187Total:296
Jan 2026
Median Rent:$1,675Median DOM:1New:200Total:306
Feb 2026
Median Rent:$1,639Median DOM:1New:185Total:319
Mar 2026
Median Rent:$1,549Median DOM:1New:196Total:313
Apr 2026
Median Rent:$1,495Median DOM:1New:217Total:313
May 2026
Median Rent:$1,499Median DOM:1New:153Total:302
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market lengthened, signaling slower 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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