ZIP 27520 Housing Market Report
Raleigh Metro
Report period: May 2026
27520 Monthly Market Update – May 2026
ZIP 27520 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$369,990
+1.4%
Median DOM (Sales)
26
+13.0%
New Listings (Sales)
120
−45.0%
Median Rent
$1,675
+1.3%
Median DOM (Rental)
1
0.0%
Total Rental Listings
437
−2.2%
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 (7 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($469,600 median)
Sales Market Overview
Median Price
$369,990
+1.4%
Median DOM
26
+13.0%
New Listings
120
−45.0%
Inventory
571
−2.4%
- Average Price: $416,266
- Median Price: $369,990
- Price Range: $59,900 – $4,200,000
- Price per Sq Ft (Avg/Median): $199 / $187
- Square Footage (Avg/Median): 2,081 / 1,945
- Square Footage Range: 475 – 5,254
- Days on Market (Avg/Median): 53 / 26
- Days on Market Range: 1 – 357
- New Listings: 120
- Total Listings: 571
Sales by Property Type
Condo
Avg/Median Price$225,000 / $225,000Range$225,000 – $225,000Price per Sq Ft$193 / $193Sq Ft1,165 / 1,165DOM69 / 69New0Total1
Land
Avg/Median Price$682,619 / $178,000Range$59,900 – $4,200,000Price per Sq Ft—Sq Ft—DOM125 / 76New0Total26
Manufactured
Avg/Median Price$217,350 / $235,000Range$149,500 – $249,900Price per Sq Ft$132 / $102Sq Ft1,705 / 1,568DOM129 / 29New1Total4
Multi-Family
Avg/Median Price$366,830 / $358,920Range$349,990 – $458,725Price per Sq Ft$278 / $274Sq Ft1,321 / 1,290DOM61 / 7New3Total11
Single Family
Avg/Median Price$430,411 / $394,940Range$125,000 – $1,500,000Price per Sq Ft$200 / $191Sq Ft2,214 / 2,246DOM42 / 19New109Total449
Townhouse
Avg/Median Price$269,446 / $260,900Range$219,900 – $350,000Price per Sq Ft$185 / $184Sq Ft1,471 / 1,447DOM88 / 56New7Total80
Sales by Bedroom Count
1 Beds
Avg:$202,000Median:$202,000Range:$202,000 – $202,000PSF:$425 / $425Sq Ft:475 / 475DOM:25 / 25New:0Total:1
2 Beds
Avg:$400,358Median:$356,990Range:$125,000 – $1,400,000PSF:$282 / $272Sq Ft:1,375 / 1,290DOM:65 / 39New:8Total:37
3 Beds
Avg:$344,161Median:$320,000Range:$149,500 – $1,250,000PSF:$202 / $195Sq Ft:1,729 / 1,586DOM:62 / 33New:27Total:273
4 Beds
Avg:$460,303Median:$419,900Range:$235,000 – $1,500,000PSF:$188 / $182Sq Ft:2,441 / 2,407DOM:42 / 17New:51Total:163
5 Beds
Avg:$506,186Median:$469,600Range:$357,690 – $959,900PSF:$168 / $164Sq Ft:3,001 / 2,950DOM:17 / 7New:34Total:71
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $202,000 | $202,000 | $202,000 – $202,000 | $425 / $425 | 475 / 475 | 25 / 25 | 0 | 1 |
| 2 Beds | $400,358 | $356,990 | $125,000 – $1,400,000 | $282 / $272 | 1,375 / 1,290 | 65 / 39 | 8 | 37 |
| 3 Beds | $344,161 | $320,000 | $149,500 – $1,250,000 | $202 / $195 | 1,729 / 1,586 | 62 / 33 | 27 | 273 |
| 4 Beds | $460,303 | $419,900 | $235,000 – $1,500,000 | $188 / $182 | 2,441 / 2,407 | 42 / 17 | 51 | 163 |
| 5 Beds | $506,186 | $469,600 | $357,690 – $959,900 | $168 / $164 | 3,001 / 2,950 | 17 / 7 | 34 | 71 |
Rental Market Overview
Median Rent
$1,675
+1.3%
Median DOM
1
0.0%
New Listings
190
Inventory
437
−2.2%
- Average Rent: $1,705
- Median Rent: $1,675
- Rent Range: $969 – $3,000
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,337 / 1,240
- Square Footage Range: 450 – 3,385
- Days on Market (Avg/Median): 16 / 1
- Days on Market Range: 1 – 346
- New Listings: 190
- Total Listings: 437
Rentals by Property Type
Apartment
$1,527
Median DOM: 1
Inventory: 201
MoM: +1.3%
Condo
$1,200
Median DOM: 1
Inventory: 4
MoM: +1.3%
Single Family
$1,880
Median DOM: 1
Inventory: 189
MoM: +1.3%
Townhouse
$1,695
Median DOM: 5
Inventory: 43
MoM: +1.3%
Apartment
Avg/Median Rent$1,538 / $1,527Range$969 – $2,405Rent per Sq Ft$2 / $2Sq Ft1,024 / 1,093DOM7 / 1New102Total201
Condo
Avg/Median Rent$1,262 / $1,200Range$1,200 – $1,450Rent per Sq Ft$2 / $2Sq Ft726 / 726DOM1 / 1New4Total4
Single Family
Avg/Median Rent$1,897 / $1,880Range$1,170 – $3,000Rent per Sq Ft$1 / $1Sq Ft1,656 / 1,551DOM23 / 1New69Total189
Townhouse
Avg/Median Rent$1,682 / $1,695Range$1,175 – $2,250Rent per Sq Ft$1 / $1Sq Ft1,412 / 1,386DOM34 / 5New15Total43
Rentals by Bedroom Count
1 Beds
Avg:$1,357Median:$1,371Range:$969 – $1,915PSF:$2 / $2Sq Ft:759 / 804DOM:14 / 1New:36Total:82
2 Beds
Avg:$1,550Median:$1,552Range:$1,170 – $2,405PSF:$1 / $1Sq Ft:1,113 / 1,130DOM:6 / 1New:59Total:110
3 Beds
Avg:$1,832Median:$1,827Range:$1,395 – $3,000PSF:$1 / $1Sq Ft:1,519 / 1,435DOM:22 / 1New:80Total:202
4 Beds
Avg:$2,139Median:$2,075Range:$1,795 – $2,600PSF:$1 / $1Sq Ft:2,019 / 1,900DOM:24 / 1New:14Total:38
5 Beds
Avg:$2,366Median:$2,395Range:$1,900 – $2,800PSF:$1 / $1Sq Ft:2,644 / 2,260DOM:19 / 12New:1Total:5
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,357 | $1,371 | $969 – $1,915 | $2 / $2 | 759 / 804 | 14 / 1 | 36 | 82 |
| 2 Beds | $1,550 | $1,552 | $1,170 – $2,405 | $1 / $1 | 1,113 / 1,130 | 6 / 1 | 59 | 110 |
| 3 Beds | $1,832 | $1,827 | $1,395 – $3,000 | $1 / $1 | 1,519 / 1,435 | 22 / 1 | 80 | 202 |
| 4 Beds | $2,139 | $2,075 | $1,795 – $2,600 | $1 / $1 | 2,019 / 1,900 | 24 / 1 | 14 | 38 |
| 5 Beds | $2,366 | $2,395 | $1,900 – $2,800 | $1 / $1 | 2,644 / 2,260 | 19 / 12 | 1 | 5 |
6-Month Sales Trend
Dec 2025
Median Price:$355,000Median DOM:35New:151Total:489
Jan 2026
Median Price:$354,990Median DOM:33New:177Total:487
Feb 2026
Median Price:$358,750Median DOM:31New:177Total:500
Mar 2026
Median Price:$359,990Median DOM:27New:198Total:537
Apr 2026
Median Price:$365,000Median DOM:23New:218Total:585
May 2026
Median Price:$369,990Median DOM:26New:120Total:571
6-Month Rental Trend
Dec 2025
Median Rent:$1,648Median DOM:1New:244Total:387
Jan 2026
Median Rent:$1,648Median DOM:1New:232Total:381
Feb 2026
Median Rent:$1,648Median DOM:1New:212Total:383
Mar 2026
Median Rent:$1,651Median DOM:1New:286Total:420
Apr 2026
Median Rent:$1,653Median DOM:1New:282Total:447
May 2026
Median Rent:$1,675Median DOM:1New:190Total:437
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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