ZIP 27513 Housing Market Report
Raleigh Metro
Report period: May 2026
27513 Monthly Market Update – May 2026
ZIP 27513 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$535,000
+0.9%
Median DOM (Sales)
19
+18.8%
New Listings (Sales)
28
−67.8%
Median Rent
$1,615
+0.1%
Median DOM (Rental)
1
0.0%
Total Rental Listings
832
−7.3%
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: Multi-Family (6 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: Studio ($1,250,000 median)
Sales Market Overview
Median Price
$535,000
+0.9%
Median DOM
19
+18.8%
New Listings
28
−67.8%
Inventory
223
+5.7%
- Average Price: $650,930
- Median Price: $535,000
- Price Range: $185,000 – $7,888,000
- Price per Sq Ft (Avg/Median): $275 / $264
- Square Footage (Avg/Median): 2,290 / 2,097
- Square Footage Range: 674 – 9,692
- Days on Market (Avg/Median): 44 / 19
- Days on Market Range: 2 – 360
- New Listings: 28
- Total Listings: 223
Sales by Property Type
Condo
Avg/Median Price$285,013 / $299,000Range$185,000 – $354,320Price per Sq Ft$262 / $260Sq Ft1,101 / 1,115DOM81 / 38New1Total13
Land
Avg/Median Price$564,500 / $375,000Range$200,000 – $1,700,000Price per Sq Ft—Sq Ft—DOM202 / 140New1Total10
Multi-Family
Avg/Median Price$562,158 / $568,496Range$495,000 – $596,860Price per Sq Ft$259 / $270Sq Ft2,185 / 2,097DOM9 / 6New11Total15
Single Family
Avg/Median Price$787,006 / $625,000Range$325,000 – $7,888,000Price per Sq Ft$290 / $273Sq Ft2,610 / 2,311DOM32 / 12New13Total131
Townhouse
Avg/Median Price$449,576 / $425,000Range$264,900 – $1,400,000Price per Sq Ft$248 / $239Sq Ft1,827 / 1,623DOM42 / 26New2Total54
Sales by Bedroom Count
Studio
Avg:$1,250,000Median:$1,250,000Range:$1,250,000 – $1,250,000PSF:$285 / $285Sq Ft:4,390 / 4,390DOM:15 / 15New:0Total:1
1 Beds
Avg:$211,633Median:$215,000Range:$185,000 – $234,900PSF:$276 / $274Sq Ft:775 / 699DOM:66 / 25New:0Total:3
2 Beds
Avg:$362,704Median:$320,000Range:$221,900 – $1,400,000PSF:$281 / $259Sq Ft:1,256 / 1,221DOM:47 / 38New:1Total:26
3 Beds
Avg:$486,584Median:$474,950Range:$274,800 – $1,250,000PSF:$268 / $266Sq Ft:1,836 / 1,811DOM:35 / 10New:15Total:86
4 Beds
Avg:$770,248Median:$650,000Range:$365,000 – $2,995,000PSF:$279 / $265Sq Ft:2,691 / 2,520DOM:30 / 12New:11Total:77
5 Beds
Avg:$1,359,272Median:$850,000Range:$465,000 – $7,888,000PSF:$286 / $243Sq Ft:4,074 / 3,492DOM:53 / 32New:0Total:18
6 Beds
Avg:$1,287,500Median:$1,250,000Range:$1,250,000 – $1,325,000PSF:$261 / $247Sq Ft:4,951 / 4,544DOM:5 / 4New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,250,000 | $1,250,000 | $1,250,000 – $1,250,000 | $285 / $285 | 4,390 / 4,390 | 15 / 15 | 0 | 1 |
| 1 Beds | $211,633 | $215,000 | $185,000 – $234,900 | $276 / $274 | 775 / 699 | 66 / 25 | 0 | 3 |
| 2 Beds | $362,704 | $320,000 | $221,900 – $1,400,000 | $281 / $259 | 1,256 / 1,221 | 47 / 38 | 1 | 26 |
| 3 Beds | $486,584 | $474,950 | $274,800 – $1,250,000 | $268 / $266 | 1,836 / 1,811 | 35 / 10 | 15 | 86 |
| 4 Beds | $770,248 | $650,000 | $365,000 – $2,995,000 | $279 / $265 | 2,691 / 2,520 | 30 / 12 | 11 | 77 |
| 5 Beds | $1,359,272 | $850,000 | $465,000 – $7,888,000 | $286 / $243 | 4,074 / 3,492 | 53 / 32 | 0 | 18 |
| 6 Beds | $1,287,500 | $1,250,000 | $1,250,000 – $1,325,000 | $261 / $247 | 4,951 / 4,544 | 5 / 4 | 0 | 2 |
Rental Market Overview
Median Rent
$1,615
+0.1%
Median DOM
1
0.0%
New Listings
436
Inventory
832
−7.3%
- Average Rent: $1,761
- Median Rent: $1,615
- Rent Range: $695 – $5,017
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,100 / 1,080
- Square Footage Range: 585 – 4,492
- Days on Market (Avg/Median): 8 / 1
- Days on Market Range: 1 – 351
- New Listings: 436
- Total Listings: 832
Rentals by Property Type
Apartment
$1,596
Median DOM: 1
Inventory: 748
MoM: +0.1%
Condo
$1,500
Median DOM: 45
Inventory: 5
MoM: +0.1%
Single Family
$2,395
Median DOM: 3
Inventory: 43
MoM: +0.1%
Townhouse
$1,599
Median DOM: 1
Inventory: 33
MoM: +0.1%
Apartment
Avg/Median Rent$1,716 / $1,596Range$695 – $5,017Rent per Sq Ft$2 / $2Sq Ft1,031 / 1,000DOM6 / 1New421Total748
Condo
Avg/Median Rent$1,618 / $1,500Range$1,300 – $2,200Rent per Sq Ft$1 / $1Sq Ft1,126 / 1,240DOM49 / 45New1Total5
Multi-Family
Avg/Median Rent$1,632 / $1,750Range$1,395 – $1,750Rent per Sq Ft$1 / $1Sq Ft1,257 / 1,345DOM95 / 127New0Total3
Single Family
Avg/Median Rent$2,549 / $2,395Range$1,695 – $4,600Rent per Sq Ft$1 / $1Sq Ft2,050 / 1,796DOM16 / 3New10Total43
Townhouse
Avg/Median Rent$1,782 / $1,599Range$1,250 – $2,995Rent per Sq Ft$1 / $1Sq Ft1,418 / 1,100DOM24 / 1New4Total33
Rentals by Bedroom Count
Studio
Avg:$1,466Median:$1,400Range:$1,110 – $2,200PSF:$2 / $2Sq Ft:803 / 730DOM:26 / 1New:5Total:8
1 Beds
Avg:$1,451Median:$1,435Range:$695 – $4,032PSF:$2 / $2Sq Ft:801 / 775DOM:6 / 1New:168Total:300
2 Beds
Avg:$1,837Median:$1,709Range:$1,205 – $5,017PSF:$2 / $2Sq Ft:1,141 / 1,120DOM:6 / 1New:217Total:394
3 Beds
Avg:$2,160Median:$2,095Range:$1,436 – $4,000PSF:$1 / $1Sq Ft:1,530 / 1,455DOM:18 / 1New:38Total:109
4 Beds
Avg:$2,688Median:$2,650Range:$1,825 – $4,300PSF:$1 / $1Sq Ft:2,382 / 2,100DOM:9 / 3New:8Total:19
5 Beds
Avg:$3,775Median:$2,950Range:$2,950 – $4,600PSF:$1 / $1Sq Ft:3,646 / 2,800DOM:9 / 1New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,466 | $1,400 | $1,110 – $2,200 | $2 / $2 | 803 / 730 | 26 / 1 | 5 | 8 |
| 1 Beds | $1,451 | $1,435 | $695 – $4,032 | $2 / $2 | 801 / 775 | 6 / 1 | 168 | 300 |
| 2 Beds | $1,837 | $1,709 | $1,205 – $5,017 | $2 / $2 | 1,141 / 1,120 | 6 / 1 | 217 | 394 |
| 3 Beds | $2,160 | $2,095 | $1,436 – $4,000 | $1 / $1 | 1,530 / 1,455 | 18 / 1 | 38 | 109 |
| 4 Beds | $2,688 | $2,650 | $1,825 – $4,300 | $1 / $1 | 2,382 / 2,100 | 9 / 3 | 8 | 19 |
| 5 Beds | $3,775 | $2,950 | $2,950 – $4,600 | $1 / $1 | 3,646 / 2,800 | 9 / 1 | 0 | 2 |
6-Month Sales Trend
Dec 2025
Median Price:$525,000Median DOM:62New:30Total:180
Jan 2026
Median Price:$529,000Median DOM:62New:47Total:153
Feb 2026
Median Price:$515,000Median DOM:38New:48Total:154
Mar 2026
Median Price:$525,000Median DOM:19New:73Total:177
Apr 2026
Median Price:$529,990Median DOM:16New:87Total:211
May 2026
Median Price:$535,000Median DOM:19New:28Total:223
6-Month Rental Trend
Dec 2025
Median Rent:$1,645Median DOM:1New:669Total:859
Jan 2026
Median Rent:$1,638Median DOM:1New:627Total:861
Feb 2026
Median Rent:$1,660Median DOM:1New:605Total:840
Mar 2026
Median Rent:$1,643Median DOM:1New:637Total:872
Apr 2026
Median Rent:$1,613Median DOM:1New:650Total:898
May 2026
Median Rent:$1,615Median DOM:1New:436Total:832
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. 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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