ZIP 27514 Housing Market Report
Raleigh Metro
Report period: May 2026
27514 Monthly Market Update – May 2026
ZIP 27514 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$649,000
−0.9%
Median DOM (Sales)
32
+18.5%
New Listings (Sales)
13
−77.2%
Median Rent
$1,685
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
665
−2.8%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (22 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($1,599,000 median)
Sales Market Overview
Median Price
$649,000
−0.9%
Median DOM
32
+18.5%
New Listings
13
−77.2%
Inventory
191
+2.1%
- Average Price: $781,125
- Median Price: $649,000
- Price Range: $91,400 – $8,995,000
- Price per Sq Ft (Avg/Median): $314 / $293
- Square Footage (Avg/Median): 2,263 / 2,054
- Square Footage Range: 577 – 7,401
- Days on Market (Avg/Median): 55 / 32
- Days on Market Range: 3 – 365
- New Listings: 13
- Total Listings: 191
Sales by Property Type
Condo
Avg/Median Price$263,512 / $239,000Range$91,400 – $710,000Price per Sq Ft$238 / $235Sq Ft1,104 / 1,133DOM62 / 38New5Total48
Land
Avg/Median Price$1,391,318 / $400,000Range$219,500 – $8,995,000Price per Sq Ft—Sq Ft—DOM162 / 151New1Total11
Multi-Family
Avg/Median Price$713,200 / $636,000Range$290,000 – $1,275,000Price per Sq Ft$485 / $305Sq Ft1,772 / 2,016DOM91 / 57New0Total5
Single Family
Avg/Median Price$1,096,665 / $950,000Range$289,900 – $3,700,000Price per Sq Ft$353 / $311Sq Ft3,147 / 2,961DOM46 / 22New4Total92
Townhouse
Avg/Median Price$479,503 / $399,000Range$214,900 – $1,250,000Price per Sq Ft$291 / $279Sq Ft1,598 / 1,477DOM35 / 26New3Total35
Sales by Bedroom Count
1 Beds
Avg:$209,583Median:$139,900Range:$91,400 – $360,000PSF:$302 / $242Sq Ft:680 / 670DOM:64 / 35New:0Total:6
2 Beds
Avg:$309,221Median:$250,000Range:$159,900 – $1,300,000PSF:$255 / $240Sq Ft:1,175 / 1,088DOM:55 / 27New:7Total:52
3 Beds
Avg:$697,988Median:$545,000Range:$223,000 – $2,985,000PSF:$333 / $313Sq Ft:1,980 / 1,719DOM:41 / 32New:3Total:49
4 Beds
Avg:$1,027,407Median:$830,000Range:$609,000 – $3,700,000PSF:$370 / $304Sq Ft:2,843 / 2,792DOM:47 / 27New:1Total:41
5 Beds
Avg:$1,324,054Median:$1,200,000Range:$540,000 – $3,600,000PSF:$319 / $299Sq Ft:4,096 / 4,096DOM:45 / 18New:1Total:26
6 Beds
Avg:$840,780Median:$750,000Range:$649,000 – $1,175,000PSF:$269 / $271Sq Ft:3,262 / 2,839DOM:71 / 53New:0Total:5
8 Beds
Avg:$1,599,000Median:$1,599,000Range:$1,599,000 – $1,599,000PSF:$278 / $278Sq Ft:5,748 / 5,748DOM:206 / 206New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $209,583 | $139,900 | $91,400 – $360,000 | $302 / $242 | 680 / 670 | 64 / 35 | 0 | 6 |
| 2 Beds | $309,221 | $250,000 | $159,900 – $1,300,000 | $255 / $240 | 1,175 / 1,088 | 55 / 27 | 7 | 52 |
| 3 Beds | $697,988 | $545,000 | $223,000 – $2,985,000 | $333 / $313 | 1,980 / 1,719 | 41 / 32 | 3 | 49 |
| 4 Beds | $1,027,407 | $830,000 | $609,000 – $3,700,000 | $370 / $304 | 2,843 / 2,792 | 47 / 27 | 1 | 41 |
| 5 Beds | $1,324,054 | $1,200,000 | $540,000 – $3,600,000 | $319 / $299 | 4,096 / 4,096 | 45 / 18 | 1 | 26 |
| 6 Beds | $840,780 | $750,000 | $649,000 – $1,175,000 | $269 / $271 | 3,262 / 2,839 | 71 / 53 | 0 | 5 |
| 8 Beds | $1,599,000 | $1,599,000 | $1,599,000 – $1,599,000 | $278 / $278 | 5,748 / 5,748 | 206 / 206 | 0 | 1 |
Rental Market Overview
Median Rent
$1,685
0.0%
Median DOM
1
0.0%
New Listings
338
Inventory
665
−2.8%
- Average Rent: $1,811
- Median Rent: $1,685
- Rent Range: $699 – $7,295
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 957 / 850
- Square Footage Range: 334 – 3,385
- Days on Market (Avg/Median): 11 / 1
- Days on Market Range: 1 – 351
- New Listings: 338
- Total Listings: 665
Rentals by Property Type
Apartment
$1,670
Median DOM: 1
Inventory: 551
MoM: 0.0%
Condo
$1,488
Median DOM: 33
Inventory: 27
MoM: 0.0%
Single Family
$2,300
Median DOM: 1
Inventory: 52
MoM: 0.0%
Townhouse
$1,950
Median DOM: 1
Inventory: 26
MoM: 0.0%
Apartment
Avg/Median Rent$1,741 / $1,670Range$973 – $7,295Rent per Sq Ft$2 / $2Sq Ft890 / 780DOM6 / 1New300Total551
Condo
Avg/Median Rent$1,571 / $1,488Range$950 – $2,650Rent per Sq Ft$2 / $1Sq Ft1,019 / 1,154DOM70 / 33New6Total27
Multi-Family
Avg/Median Rent$2,030 / $1,895Range$1,375 – $3,150Rent per Sq Ft$2 / $2Sq Ft981 / 978DOM60 / 46New1Total9
Single Family
Avg/Median Rent$2,368 / $2,300Range$699 – $7,000Rent per Sq Ft$2 / $2Sq Ft1,493 / 1,359DOM14 / 1New24Total52
Townhouse
Avg/Median Rent$2,363 / $1,950Range$1,000 – $3,801Rent per Sq Ft$2 / $2Sq Ft1,436 / 1,350DOM38 / 1New7Total26
Rentals by Bedroom Count
Studio
Avg:$1,577Median:$1,545Range:$1,345 – $1,710PSF:$3 / $3Sq Ft:586 / 608DOM:1 / 1New:15Total:26
1 Beds
Avg:$1,577Median:$1,585Range:$699 – $2,425PSF:$2 / $2Sq Ft:738 / 724DOM:8 / 1New:196Total:326
2 Beds
Avg:$1,823Median:$1,685Range:$800 – $3,022PSF:$2 / $2Sq Ft:1,087 / 1,089DOM:13 / 1New:108Total:233
3 Beds
Avg:$2,492Median:$2,275Range:$700 – $7,295PSF:$2 / $2Sq Ft:1,460 / 1,376DOM:23 / 1New:12Total:55
4 Beds
Avg:$3,440Median:$3,200Range:$1,195 – $7,000PSF:$2 / $2Sq Ft:1,973 / 1,641DOM:24 / 1New:6Total:22
6 Beds
Avg:$3,890Median:$3,995Range:$3,175 – $4,500PSF:$2 / $2Sq Ft:2,332 / 2,150DOM:30 / 1New:1Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,577 | $1,545 | $1,345 – $1,710 | $3 / $3 | 586 / 608 | 1 / 1 | 15 | 26 |
| 1 Beds | $1,577 | $1,585 | $699 – $2,425 | $2 / $2 | 738 / 724 | 8 / 1 | 196 | 326 |
| 2 Beds | $1,823 | $1,685 | $800 – $3,022 | $2 / $2 | 1,087 / 1,089 | 13 / 1 | 108 | 233 |
| 3 Beds | $2,492 | $2,275 | $700 – $7,295 | $2 / $2 | 1,460 / 1,376 | 23 / 1 | 12 | 55 |
| 4 Beds | $3,440 | $3,200 | $1,195 – $7,000 | $2 / $2 | 1,973 / 1,641 | 24 / 1 | 6 | 22 |
| 6 Beds | $3,890 | $3,995 | $3,175 – $4,500 | $2 / $2 | 2,332 / 2,150 | 30 / 1 | 1 | 3 |
6-Month Sales Trend
Dec 2025
Median Price:$649,900Median DOM:96New:11Total:116
Jan 2026
Median Price:$565,000Median DOM:93New:14Total:99
Feb 2026
Median Price:$565,000Median DOM:52New:40Total:116
Mar 2026
Median Price:$619,000Median DOM:26New:62Total:159
Apr 2026
Median Price:$655,000Median DOM:27New:57Total:187
May 2026
Median Price:$649,000Median DOM:32New:13Total:191
6-Month Rental Trend
Dec 2025
Median Rent:$1,625Median DOM:1New:254Total:395
Jan 2026
Median Rent:$1,585Median DOM:1New:314Total:420
Feb 2026
Median Rent:$1,560Median DOM:1New:320Total:447
Mar 2026
Median Rent:$1,592Median DOM:1New:399Total:536
Apr 2026
Median Rent:$1,685Median DOM:1New:507Total:684
May 2026
Median Rent:$1,685Median DOM:1New:338Total:665
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 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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