ZIP 27524 Housing Market Report
Raleigh Metro
Report period: May 2026
27524 Monthly Market Update – May 2026
ZIP 27524 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$325,000
+1.6%
Median DOM (Sales)
65
+3.2%
New Listings (Sales)
14
+7.7%
Median Rent
$1,775
+3.8%
Median DOM (Rental)
23
−17.9%
Total Rental Listings
21
+16.7%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Manufactured (18 DOM)
- Fastest renting: Manufactured (15 DOM)
- Strongest bedroom: 5 Beds ($495,000 median)
Sales Market Overview
Median Price
$325,000
+1.6%
Median DOM
65
+3.2%
New Listings
14
+7.7%
Inventory
159
−1.9%
- Average Price: $409,774
- Median Price: $325,000
- Price Range: $60,000 – $3,750,000
- Price per Sq Ft (Avg/Median): $198 / $191
- Square Footage (Avg/Median): 1,890 / 1,721
- Square Footage Range: 700 – 3,459
- Days on Market (Avg/Median): 104 / 65
- Days on Market Range: 3 – 360
- New Listings: 14
- Total Listings: 159
Sales by Property Type
Land
Avg/Median Price$599,742 / $245,000Range$60,000 – $2,200,000Price per Sq Ft—Sq Ft—DOM182 / 176New1Total24
Manufactured
Avg/Median Price$284,380 / $238,000Range$199,900 – $510,000Price per Sq Ft$175 / $129Sq Ft1,756 / 1,824DOM40 / 18New0Total5
Multi-Family
Avg/Median Price$225,000 / $225,000Range$225,000 – $225,000Price per Sq Ft$321 / $321Sq Ft700 / 700DOM—New0Total1
Single Family
Avg/Median Price$389,224 / $339,990Range$175,000 – $3,750,000Price per Sq Ft$199 / $192Sq Ft1,934 / 1,766DOM87 / 62New13Total121
Townhouse
Avg/Median Price$252,162 / $252,500Range$249,900 – $256,000Price per Sq Ft$175 / $160Sq Ft1,458 / 1,397DOM178 / 185New0Total8
Sales by Bedroom Count
2 Beds
Avg:$236,125Median:$189,500Range:$185,000 – $325,000PSF:$234 / $228Sq Ft:1,046 / 1,024DOM:60 / 24New:0Total:4
3 Beds
Avg:$320,164Median:$304,900Range:$175,000 – $799,999PSF:$194 / $197Sq Ft:1,680 / 1,577DOM:103 / 64New:5Total:90
4 Beds
Avg:$514,631Median:$360,715Range:$289,000 – $3,750,000PSF:$206 / $173Sq Ft:2,363 / 2,433DOM:70 / 54New:7Total:36
5 Beds
Avg:$494,852Median:$495,000Range:$359,900 – $643,425PSF:$168 / $168Sq Ft:2,924 / 3,035DOM:39 / 27New:1Total:5
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $236,125 | $189,500 | $185,000 – $325,000 | $234 / $228 | 1,046 / 1,024 | 60 / 24 | 0 | 4 |
| 3 Beds | $320,164 | $304,900 | $175,000 – $799,999 | $194 / $197 | 1,680 / 1,577 | 103 / 64 | 5 | 90 |
| 4 Beds | $514,631 | $360,715 | $289,000 – $3,750,000 | $206 / $173 | 2,363 / 2,433 | 70 / 54 | 7 | 36 |
| 5 Beds | $494,852 | $495,000 | $359,900 – $643,425 | $168 / $168 | 2,924 / 3,035 | 39 / 27 | 1 | 5 |
Rental Market Overview
Median Rent
$1,775
+3.8%
Median DOM
23
−17.9%
New Listings
0
Inventory
21
+16.7%
- Average Rent: $1,772
- Median Rent: $1,775
- Rent Range: $1,300 – $2,500
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,661 / 1,577
- Square Footage Range: 1,200 – 2,300
- Days on Market (Avg/Median): 42 / 23
- Days on Market Range: 1 – 131
- New Listings: 0
- Total Listings: 21
Rentals by Property Type
Apartment
—
Median DOM: —
Inventory: —
MoM: +3.8%
Condo
—
Median DOM: —
Inventory: —
MoM: +3.8%
Single Family
$1,789
Median DOM: 23
Inventory: 16
MoM: +3.8%
Townhouse
$1,695
Median DOM: 16
Inventory: 2
MoM: +3.8%
Manufactured
Avg/Median Rent$1,925 / $1,750Range$1,750 – $2,100Rent per Sq Ft$1 / $1Sq Ft1,748 / 1,748DOM33 / 15New0Total2
Multi-Family
Avg/Median Rent$1,350 / $1,350Range$1,350 – $1,350Rent per Sq Ft—Sq Ft—DOM51 / 51New0Total1
Single Family
Avg/Median Rent$1,788 / $1,789Range$1,300 – $2,500Rent per Sq Ft$1 / $1Sq Ft1,704 / 1,577DOM44 / 23New0Total16
Townhouse
Avg/Median Rent$1,695 / $1,695Range$1,695 – $1,695Rent per Sq Ft$1 / $1Sq Ft1,314 / 1,314DOM39 / 16New0Total2
Rentals by Bedroom Count
2 Beds
Avg:$1,325Median:$1,300Range:$1,300 – $1,350PSF:—Sq Ft:—DOM:51 / 51New:0Total:2
3 Beds
Avg:$1,806Median:$1,789Range:$1,400 – $2,500PSF:$1 / $1Sq Ft:1,655 / 1,480DOM:42 / 22New:0Total:17
4 Beds
Avg:$1,925Median:$1,750Range:$1,750 – $2,100PSF:$1 / $1Sq Ft:1,748 / 1,748DOM:33 / 15New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $1,325 | $1,300 | $1,300 – $1,350 | — | — | 51 / 51 | 0 | 2 |
| 3 Beds | $1,806 | $1,789 | $1,400 – $2,500 | $1 / $1 | 1,655 / 1,480 | 42 / 22 | 0 | 17 |
| 4 Beds | $1,925 | $1,750 | $1,750 – $2,100 | $1 / $1 | 1,748 / 1,748 | 33 / 15 | 0 | 2 |
6-Month Sales Trend
Dec 2025
Median Price:$334,900Median DOM:77New:22Total:184
Jan 2026
Median Price:$312,490Median DOM:81New:34Total:187
Feb 2026
Median Price:$320,000Median DOM:93New:22Total:167
Mar 2026
Median Price:$313,490Median DOM:70New:40Total:171
Apr 2026
Median Price:$320,000Median DOM:63New:13Total:162
May 2026
Median Price:$325,000Median DOM:65New:14Total:159
6-Month Rental Trend
Dec 2025
Median Rent:$1,620Median DOM:66New:0Total:18
Jan 2026
Median Rent:$1,620Median DOM:77New:1Total:14
Feb 2026
Median Rent:$1,850Median DOM:74New:3Total:12
Mar 2026
Median Rent:$1,795Median DOM:22New:8Total:17
Apr 2026
Median Rent:$1,710Median DOM:28New:3Total:18
May 2026
Median Rent:$1,775Median DOM:23New:0Total:21
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 increased.
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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