ZIP 27518 Housing Market Report
Raleigh Metro
Report period: May 2026
27518 Monthly Market Update – May 2026
ZIP 27518 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$725,000
0.0%
Median DOM (Sales)
12
+33.3%
New Listings (Sales)
7
−81.6%
Median Rent
$1,601
+2.7%
Median DOM (Rental)
1
0.0%
Total Rental Listings
242
−7.3%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (9 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($1,399,000 median)
Sales Market Overview
Median Price
$725,000
0.0%
Median DOM
12
+33.3%
New Listings
7
−81.6%
Inventory
98
+4.3%
- Average Price: $831,104
- Median Price: $725,000
- Price Range: $250,000 – $4,200,000
- Price per Sq Ft (Avg/Median): $256 / $246
- Square Footage (Avg/Median): 3,180 / 2,900
- Square Footage Range: 1,174 – 9,140
- Days on Market (Avg/Median): 36 / 12
- Days on Market Range: 2 – 277
- New Listings: 7
- Total Listings: 98
Sales by Property Type
Condo
Avg/Median Price$307,000 / $289,000Range$265,000 – $379,000Price per Sq Ft$243 / $246Sq Ft1,260 / 1,201DOM26 / 15New0Total4
Land
Avg/Median Price$250,000 / $250,000Range$250,000 – $250,000Price per Sq Ft—Sq Ft—DOM—New0Total1
Single Family
Avg/Median Price$908,791 / $775,000Range$555,000 – $4,200,000Price per Sq Ft$260 / $252Sq Ft3,415 / 3,062DOM32 / 9New7Total82
Townhouse
Avg/Median Price$495,400 / $475,000Range$394,000 – $675,000Price per Sq Ft$231 / $236Sq Ft2,145 / 2,071DOM68 / 20New0Total11
Sales by Bedroom Count
2 Beds
Avg:$283,000Median:$289,000Range:$265,000 – $295,000PSF:$232 / $246Sq Ft:1,226 / 1,201DOM:31 / 26New:0Total:3
3 Beds
Avg:$598,592Median:$580,000Range:$379,000 – $850,000PSF:$254 / $252Sq Ft:2,329 / 2,385DOM:44 / 19New:1Total:24
4 Beds
Avg:$816,969Median:$750,000Range:$394,000 – $2,250,000PSF:$258 / $249Sq Ft:3,139 / 3,043DOM:25 / 8New:3Total:48
5 Beds
Avg:$1,058,477Median:$795,000Range:$615,000 – $3,250,000PSF:$247 / $229Sq Ft:4,132 / 3,687DOM:48 / 10New:3Total:20
6 Beds
Avg:$2,799,500Median:$1,399,000Range:$1,399,000 – $4,200,000PSF:$357 / $244Sq Ft:7,338 / 5,724DOM:86 / 47New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $283,000 | $289,000 | $265,000 – $295,000 | $232 / $246 | 1,226 / 1,201 | 31 / 26 | 0 | 3 |
| 3 Beds | $598,592 | $580,000 | $379,000 – $850,000 | $254 / $252 | 2,329 / 2,385 | 44 / 19 | 1 | 24 |
| 4 Beds | $816,969 | $750,000 | $394,000 – $2,250,000 | $258 / $249 | 3,139 / 3,043 | 25 / 8 | 3 | 48 |
| 5 Beds | $1,058,477 | $795,000 | $615,000 – $3,250,000 | $247 / $229 | 4,132 / 3,687 | 48 / 10 | 3 | 20 |
| 6 Beds | $2,799,500 | $1,399,000 | $1,399,000 – $4,200,000 | $357 / $244 | 7,338 / 5,724 | 86 / 47 | 0 | 2 |
Rental Market Overview
Median Rent
$1,601
+2.7%
Median DOM
1
0.0%
New Listings
115
Inventory
242
−7.3%
- Average Rent: $1,691
- Median Rent: $1,601
- Rent Range: $750 – $5,017
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,064 / 1,066
- Square Footage Range: 300 – 2,620
- Days on Market (Avg/Median): 13 / 1
- Days on Market Range: 1 – 363
- New Listings: 115
- Total Listings: 242
Rentals by Property Type
Apartment
$1,590
Median DOM: 1
Inventory: 233
MoM: +2.7%
Condo
$1,495
Median DOM: 1
Inventory: 2
MoM: +2.7%
Single Family
$2,695
Median DOM: 28
Inventory: 5
MoM: +2.7%
Townhouse
$2,200
Median DOM: 6
Inventory: 2
MoM: +2.7%
Apartment
Avg/Median Rent$1,669 / $1,590Range$1,009 – $5,017Rent per Sq Ft$2 / $2Sq Ft1,036 / 1,066DOM12 / 1New112Total233
Condo
Avg/Median Rent$1,572 / $1,495Range$1,495 – $1,650Rent per Sq Ft$1 / $1Sq Ft1,275 / 1,200DOM33 / 1New0Total2
Single Family
Avg/Median Rent$2,529 / $2,695Range$750 – $4,500Rent per Sq Ft$1 / $1Sq Ft2,343 / 2,260DOM46 / 28New2Total5
Townhouse
Avg/Median Rent$2,225 / $2,200Range$2,200 – $2,250Rent per Sq Ft$1 / $1Sq Ft1,977 / 1,811DOM14 / 6New1Total2
Rentals by Bedroom Count
Studio
Avg:$1,442Median:$1,145Range:$1,145 – $1,739PSF:$4 / $2Sq Ft:429 / 300DOM:182 / 1New:0Total:2
1 Beds
Avg:$1,477Median:$1,329Range:$750 – $4,049PSF:$2 / $2Sq Ft:763 / 764DOM:17 / 1New:36Total:95
2 Beds
Avg:$1,749Median:$1,640Range:$1,346 – $5,017PSF:$1 / $1Sq Ft:1,129 / 1,128DOM:8 / 1New:49Total:93
3 Beds
Avg:$1,916Median:$1,879Range:$1,435 – $2,695PSF:$1 / $1Sq Ft:1,469 / 1,485DOM:3 / 1New:29Total:49
4 Beds
Avg:$3,133Median:$2,700Range:$2,200 – $4,500PSF:$1 / $1Sq Ft:2,036 / 1,811DOM:61 / 21New:1Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,442 | $1,145 | $1,145 – $1,739 | $4 / $2 | 429 / 300 | 182 / 1 | 0 | 2 |
| 1 Beds | $1,477 | $1,329 | $750 – $4,049 | $2 / $2 | 763 / 764 | 17 / 1 | 36 | 95 |
| 2 Beds | $1,749 | $1,640 | $1,346 – $5,017 | $1 / $1 | 1,129 / 1,128 | 8 / 1 | 49 | 93 |
| 3 Beds | $1,916 | $1,879 | $1,435 – $2,695 | $1 / $1 | 1,469 / 1,485 | 3 / 1 | 29 | 49 |
| 4 Beds | $3,133 | $2,700 | $2,200 – $4,500 | $1 / $1 | 2,036 / 1,811 | 61 / 21 | 1 | 3 |
6-Month Sales Trend
Dec 2025
Median Price:$709,000Median DOM:76New:5Total:66
Jan 2026
Median Price:$729,000Median DOM:69New:14Total:61
Feb 2026
Median Price:$719,000Median DOM:39New:17Total:59
Mar 2026
Median Price:$715,000Median DOM:19New:33Total:75
Apr 2026
Median Price:$725,000Median DOM:9New:38Total:94
May 2026
Median Price:$725,000Median DOM:12New:7Total:98
6-Month Rental Trend
Dec 2025
Median Rent:$1,612Median DOM:1New:190Total:256
Jan 2026
Median Rent:$1,535Median DOM:1New:186Total:273
Feb 2026
Median Rent:$1,535Median DOM:1New:185Total:272
Mar 2026
Median Rent:$1,545Median DOM:1New:170Total:263
Apr 2026
Median Rent:$1,559Median DOM:1New:167Total:261
May 2026
Median Rent:$1,601Median DOM:1New:115Total:242
Key Market Takeaways
Median sale prices held steady 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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