ZIP 27517 Housing Market Report
Raleigh Metro
Report period: May 2026
27517 Monthly Market Update – May 2026
ZIP 27517 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$749,000
+1.4%
Median DOM (Sales)
26
0.0%
New Listings (Sales)
39
−64.2%
Median Rent
$1,630
+0.9%
Median DOM (Rental)
1
0.0%
Total Rental Listings
536
−2.0%
Month-over-Month Movement
Median sale prices moved higher. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Condo (23 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($2,045,000 median)
Sales Market Overview
Median Price
$749,000
+1.4%
Median DOM
26
0.0%
New Listings
39
−64.2%
Inventory
285
+3.6%
- Average Price: $861,443
- Median Price: $749,000
- Price Range: $79,900 – $4,880,000
- Price per Sq Ft (Avg/Median): $297 / $279
- Square Footage (Avg/Median): 3,060 / 2,932
- Square Footage Range: 760 – 10,393
- Days on Market (Avg/Median): 50 / 26
- Days on Market Range: 1 – 360
- New Listings: 39
- Total Listings: 285
Sales by Property Type
Condo
Avg/Median Price$388,611 / $320,000Range$200,000 – $1,199,900Price per Sq Ft$341 / $276Sq Ft1,148 / 1,085DOM57 / 23New6Total35
Land
Avg/Median Price$295,050 / $200,000Range$79,900 – $1,900,000Price per Sq Ft—Sq Ft—DOM97 / 59New4Total28
Multi-Family
Avg/Median Price$475,000 / $475,000Range$475,000 – $475,000Price per Sq Ft$268 / $268Sq Ft1,772 / 1,772DOM23 / 23New0Total1
Single Family
Avg/Median Price$1,161,803 / $979,000Range$250,000 – $4,880,000Price per Sq Ft$305 / $294Sq Ft3,766 / 3,610DOM45 / 25New20Total173
Townhouse
Avg/Median Price$462,118 / $455,000Range$250,000 – $1,200,000Price per Sq Ft$239 / $234Sq Ft1,936 / 2,098DOM39 / 25New9Total48
Sales by Bedroom Count
1 Beds
Avg:$400,400Median:$395,000Range:$204,999 – $575,000PSF:$491 / $496Sq Ft:810 / 797DOM:32 / 8New:2Total:5
2 Beds
Avg:$365,947Median:$325,000Range:$200,000 – $795,000PSF:$294 / $265Sq Ft:1,262 / 1,168DOM:56 / 38New:5Total:40
3 Beds
Avg:$657,447Median:$500,000Range:$250,000 – $2,950,000PSF:$282 / $268Sq Ft:2,285 / 2,183DOM:37 / 20New:8Total:68
4 Beds
Avg:$1,103,065Median:$974,900Range:$449,990 – $3,888,000PSF:$300 / $285Sq Ft:3,598 / 3,597DOM:44 / 23New:12Total:97
5 Beds
Avg:$1,426,752Median:$1,289,000Range:$635,000 – $4,880,000PSF:$304 / $283Sq Ft:4,518 / 4,067DOM:51 / 26New:8Total:39
6 Beds
Avg:$1,494,667Median:$1,200,000Range:$949,000 – $2,249,000PSF:$253 / $240Sq Ft:6,081 / 5,823DOM:60 / 45New:0Total:6
7 Beds
Avg:$2,147,500Median:$2,045,000Range:$2,045,000 – $2,250,000PSF:$297 / $255Sq Ft:7,422 / 6,028DOM:42 / 31New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $400,400 | $395,000 | $204,999 – $575,000 | $491 / $496 | 810 / 797 | 32 / 8 | 2 | 5 |
| 2 Beds | $365,947 | $325,000 | $200,000 – $795,000 | $294 / $265 | 1,262 / 1,168 | 56 / 38 | 5 | 40 |
| 3 Beds | $657,447 | $500,000 | $250,000 – $2,950,000 | $282 / $268 | 2,285 / 2,183 | 37 / 20 | 8 | 68 |
| 4 Beds | $1,103,065 | $974,900 | $449,990 – $3,888,000 | $300 / $285 | 3,598 / 3,597 | 44 / 23 | 12 | 97 |
| 5 Beds | $1,426,752 | $1,289,000 | $635,000 – $4,880,000 | $304 / $283 | 4,518 / 4,067 | 51 / 26 | 8 | 39 |
| 6 Beds | $1,494,667 | $1,200,000 | $949,000 – $2,249,000 | $253 / $240 | 6,081 / 5,823 | 60 / 45 | 0 | 6 |
| 7 Beds | $2,147,500 | $2,045,000 | $2,045,000 – $2,250,000 | $297 / $255 | 7,422 / 6,028 | 42 / 31 | 0 | 2 |
Rental Market Overview
Median Rent
$1,630
+0.9%
Median DOM
1
0.0%
New Listings
264
Inventory
536
−2.0%
- Average Rent: $1,779
- Median Rent: $1,630
- Rent Range: $680 – $4,950
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,074 / 1,046
- Square Footage Range: 412 – 5,331
- Days on Market (Avg/Median): 9 / 1
- Days on Market Range: 1 – 243
- New Listings: 264
- Total Listings: 536
Rentals by Property Type
Apartment
$1,570
Median DOM: 1
Inventory: 442
MoM: +0.9%
Condo
$1,650
Median DOM: 32
Inventory: 23
MoM: +0.9%
Single Family
$2,350
Median DOM: 1
Inventory: 50
MoM: +0.9%
Townhouse
$1,895
Median DOM: 10
Inventory: 19
MoM: +0.9%
Apartment
Avg/Median Rent$1,664 / $1,570Range$1,045 – $3,561Rent per Sq Ft$2 / $2Sq Ft955 / 950DOM4 / 1New238Total442
Condo
Avg/Median Rent$1,778 / $1,650Range$1,399 – $3,295Rent per Sq Ft$2 / $2Sq Ft1,203 / 1,026DOM48 / 32New5Total23
Multi-Family
Avg/Median Rent$2,048 / $1,500Range$1,500 – $2,595Rent per Sq Ft$2 / $1Sq Ft1,325 / 1,100DOM95 / 95New0Total2
Single Family
Avg/Median Rent$2,653 / $2,350Range$680 – $4,950Rent per Sq Ft$2 / $1Sq Ft1,961 / 1,600DOM28 / 1New17Total50
Townhouse
Avg/Median Rent$2,143 / $1,895Range$1,400 – $4,500Rent per Sq Ft$1 / $1Sq Ft1,670 / 1,337DOM17 / 10New4Total19
Rentals by Bedroom Count
Studio
Avg:$1,355Median:$1,349Range:$1,202 – $1,506PSF:$3 / $3Sq Ft:456 / 412DOM:1 / 1New:25Total:34
1 Beds
Avg:$1,464Median:$1,451Range:$680 – $3,561PSF:$2 / $2Sq Ft:763 / 797DOM:4 / 1New:81Total:181
2 Beds
Avg:$1,769Median:$1,690Range:$1,139 – $3,032PSF:$2 / $2Sq Ft:1,110 / 1,122DOM:11 / 1New:99Total:208
3 Beds
Avg:$2,211Median:$2,100Range:$1,450 – $3,750PSF:$2 / $1Sq Ft:1,486 / 1,382DOM:10 / 1New:55Total:94
4 Beds
Avg:$3,404Median:$3,000Range:$2,300 – $4,950PSF:$1 / $1Sq Ft:2,935 / 2,406DOM:44 / 1New:4Total:16
5 Beds
Avg:$4,150Median:$4,150Range:$3,800 – $4,500PSF:$1 / $1Sq Ft:3,865 / 3,801DOM:26 / 23New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,355 | $1,349 | $1,202 – $1,506 | $3 / $3 | 456 / 412 | 1 / 1 | 25 | 34 |
| 1 Beds | $1,464 | $1,451 | $680 – $3,561 | $2 / $2 | 763 / 797 | 4 / 1 | 81 | 181 |
| 2 Beds | $1,769 | $1,690 | $1,139 – $3,032 | $2 / $2 | 1,110 / 1,122 | 11 / 1 | 99 | 208 |
| 3 Beds | $2,211 | $2,100 | $1,450 – $3,750 | $2 / $1 | 1,486 / 1,382 | 10 / 1 | 55 | 94 |
| 4 Beds | $3,404 | $3,000 | $2,300 – $4,950 | $1 / $1 | 2,935 / 2,406 | 44 / 1 | 4 | 16 |
| 5 Beds | $4,150 | $4,150 | $3,800 – $4,500 | $1 / $1 | 3,865 / 3,801 | 26 / 23 | 0 | 3 |
6-Month Sales Trend
Dec 2025
Median Price:$575,000Median DOM:72New:21Total:185
Jan 2026
Median Price:$575,000Median DOM:74New:48Total:169
Feb 2026
Median Price:$595,000Median DOM:44New:55Total:184
Mar 2026
Median Price:$621,000Median DOM:26New:77Total:213
Apr 2026
Median Price:$739,000Median DOM:26New:109Total:275
May 2026
Median Price:$749,000Median DOM:26New:39Total:285
6-Month Rental Trend
Dec 2025
Median Rent:$1,650Median DOM:1New:330Total:429
Jan 2026
Median Rent:$1,636Median DOM:1New:326Total:435
Feb 2026
Median Rent:$1,636Median DOM:1New:326Total:441
Mar 2026
Median Rent:$1,641Median DOM:1New:380Total:490
Apr 2026
Median Rent:$1,616Median DOM:1New:411Total:547
May 2026
Median Rent:$1,630Median DOM:1New:264Total:536
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market were unchanged, signaling steady 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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