ZIP 27523 Housing Market Report
Raleigh Metro
Report period: May 2026
27523 Monthly Market Update – May 2026
ZIP 27523 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$700,000
−2.8%
Median DOM (Sales)
21
+10.5%
New Listings (Sales)
42
−52.3%
Median Rent
$1,669
+0.2%
Median DOM (Rental)
1
0.0%
Total Rental Listings
268
−10.1%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (12 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($1,695,000 median)
Sales Market Overview
Median Price
$700,000
−2.8%
Median DOM
21
+10.5%
New Listings
42
−52.3%
Inventory
225
+0.9%
- Average Price: $848,531
- Median Price: $700,000
- Price Range: $100,000 – $4,250,000
- Price per Sq Ft (Avg/Median): $275 / $253
- Square Footage (Avg/Median): 2,959 / 2,649
- Square Footage Range: 1,450 – 6,427
- Days on Market (Avg/Median): 58 / 21
- Days on Market Range: 2 – 361
- New Listings: 42
- Total Listings: 225
Sales by Property Type
Land
Avg/Median Price$891,056 / $775,000Range$100,000 – $2,799,000Price per Sq Ft—Sq Ft—DOM151 / 134New4Total18
Single Family
Avg/Median Price$1,143,731 / $897,450Range$585,000 – $4,250,000Price per Sq Ft$315 / $284Sq Ft3,609 / 3,351DOM42 / 12New21Total110
Townhouse
Avg/Median Price$505,876 / $515,000Range$346,000 – $650,000Price per Sq Ft$229 / $232Sq Ft2,222 / 2,227DOM62 / 33New17Total97
Sales by Bedroom Count
2 Beds
Avg:$1,424,750Median:$400,000Range:$350,000 – $4,250,000PSF:$614 / $276Sq Ft:1,919 / 1,500DOM:17 / 5New:2Total:4
3 Beds
Avg:$553,040Median:$507,285Range:$346,000 – $1,100,000PSF:$249 / $242Sq Ft:2,239 / 2,152DOM:78 / 54New:4Total:52
4 Beds
Avg:$707,913Median:$530,000Range:$375,000 – $2,450,000PSF:$255 / $237Sq Ft:2,695 / 2,449DOM:38 / 16New:21Total:93
5 Beds
Avg:$1,185,137Median:$956,999Range:$589,000 – $2,550,000PSF:$301 / $282Sq Ft:3,839 / 3,592DOM:50 / 9New:11Total:47
6 Beds
Avg:$1,716,909Median:$1,695,000Range:$1,190,000 – $2,350,000PSF:$330 / $331Sq Ft:5,212 / 5,264DOM:54 / 18New:0Total:11
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $1,424,750 | $400,000 | $350,000 – $4,250,000 | $614 / $276 | 1,919 / 1,500 | 17 / 5 | 2 | 4 |
| 3 Beds | $553,040 | $507,285 | $346,000 – $1,100,000 | $249 / $242 | 2,239 / 2,152 | 78 / 54 | 4 | 52 |
| 4 Beds | $707,913 | $530,000 | $375,000 – $2,450,000 | $255 / $237 | 2,695 / 2,449 | 38 / 16 | 21 | 93 |
| 5 Beds | $1,185,137 | $956,999 | $589,000 – $2,550,000 | $301 / $282 | 3,839 / 3,592 | 50 / 9 | 11 | 47 |
| 6 Beds | $1,716,909 | $1,695,000 | $1,190,000 – $2,350,000 | $330 / $331 | 5,212 / 5,264 | 54 / 18 | 0 | 11 |
Rental Market Overview
Median Rent
$1,669
+0.2%
Median DOM
1
0.0%
New Listings
136
Inventory
268
−10.1%
- Average Rent: $1,825
- Median Rent: $1,669
- Rent Range: $1,050 – $3,900
- Rent per Sq Ft (Avg/Median): $2 / $1
- Square Footage (Avg/Median): 1,305 / 1,081
- Square Footage Range: 645 – 3,338
- Days on Market (Avg/Median): 9 / 1
- Days on Market Range: 1 – 364
- New Listings: 136
- Total Listings: 268
Rentals by Property Type
Apartment
$1,560
Median DOM: 1
Inventory: 210
MoM: +0.2%
Condo
—
Median DOM: —
Inventory: —
MoM: +0.2%
Single Family
$2,995
Median DOM: 15
Inventory: 22
MoM: +0.2%
Townhouse
$2,450
Median DOM: 15
Inventory: 34
MoM: +0.2%
Apartment
Avg/Median Rent$1,618 / $1,560Range$1,050 – $2,446Rent per Sq Ft$2 / $2Sq Ft1,036 / 1,069DOM4 / 1New126Total210
Manufactured
Avg/Median Rent$1,500 / $1,500Range$1,500 – $1,500Rent per Sq Ft$2 / $2Sq Ft770 / 770DOM1 / 1New0Total1
Multi-Family
Avg/Median Rent$2,195 / $2,195Range$2,195 – $2,195Rent per Sq Ft$1 / $1Sq Ft1,500 / 1,500DOM154 / 154New0Total1
Single Family
Avg/Median Rent$2,858 / $2,995Range$1,600 – $3,900Rent per Sq Ft$1 / $1Sq Ft2,674 / 2,957DOM36 / 15New2Total22
Townhouse
Avg/Median Rent$2,438 / $2,450Range$1,795 – $2,935Rent per Sq Ft$1 / $1Sq Ft2,118 / 2,054DOM21 / 15New8Total34
Rentals by Bedroom Count
Studio
Avg:$1,401Median:$1,332Range:$1,332 – $1,522PSF:$2 / $2Sq Ft:648 / 645DOM:92 / 1New:2Total:4
1 Beds
Avg:$1,457Median:$1,435Range:$1,063 – $1,751PSF:$2 / $2Sq Ft:795 / 799DOM:4 / 1New:55Total:79
2 Beds
Avg:$1,663Median:$1,598Range:$1,365 – $2,252PSF:$1 / $1Sq Ft:1,152 / 1,081DOM:1 / 1New:55Total:102
3 Beds
Avg:$2,155Median:$2,144Range:$1,050 – $2,935PSF:$1 / $1Sq Ft:1,673 / 1,500DOM:14 / 1New:21Total:56
4 Beds
Avg:$2,668Median:$2,595Range:$2,195 – $3,900PSF:$1 / $1Sq Ft:2,468 / 2,400DOM:24 / 14New:2Total:16
5 Beds
Avg:$3,226Median:$3,195Range:$2,750 – $3,800PSF:$1 / $1Sq Ft:3,102 / 3,160DOM:46 / 15New:1Total:11
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,401 | $1,332 | $1,332 – $1,522 | $2 / $2 | 648 / 645 | 92 / 1 | 2 | 4 |
| 1 Beds | $1,457 | $1,435 | $1,063 – $1,751 | $2 / $2 | 795 / 799 | 4 / 1 | 55 | 79 |
| 2 Beds | $1,663 | $1,598 | $1,365 – $2,252 | $1 / $1 | 1,152 / 1,081 | 1 / 1 | 55 | 102 |
| 3 Beds | $2,155 | $2,144 | $1,050 – $2,935 | $1 / $1 | 1,673 / 1,500 | 14 / 1 | 21 | 56 |
| 4 Beds | $2,668 | $2,595 | $2,195 – $3,900 | $1 / $1 | 2,468 / 2,400 | 24 / 14 | 2 | 16 |
| 5 Beds | $3,226 | $3,195 | $2,750 – $3,800 | $1 / $1 | 3,102 / 3,160 | 46 / 15 | 1 | 11 |
6-Month Sales Trend
Dec 2025
Median Price:$775,000Median DOM:43New:62Total:215
Jan 2026
Median Price:$725,000Median DOM:30New:77Total:213
Feb 2026
Median Price:$649,900Median DOM:27New:67Total:204
Mar 2026
Median Price:$659,000Median DOM:26New:81Total:198
Apr 2026
Median Price:$719,999Median DOM:19New:88Total:223
May 2026
Median Price:$700,000Median DOM:21New:42Total:225
6-Month Rental Trend
Dec 2025
Median Rent:$1,728Median DOM:1New:130Total:245
Jan 2026
Median Rent:$1,692Median DOM:1New:216Total:279
Feb 2026
Median Rent:$1,649Median DOM:1New:228Total:318
Mar 2026
Median Rent:$1,636Median DOM:1New:186Total:325
Apr 2026
Median Rent:$1,665Median DOM:1New:196Total:298
May 2026
Median Rent:$1,669Median DOM:1New:136Total:268
Key Market Takeaways
Median sale prices softened 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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