ZIP 27540 Housing Market Report
Raleigh Metro
Report period: May 2026
27540 Monthly Market Update – May 2026
ZIP 27540 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$650,000
+0.3%
Median DOM (Sales)
13
−13.3%
New Listings (Sales)
71
−44.5%
Median Rent
$1,703
+1.7%
Median DOM (Rental)
1
0.0%
Total Rental Listings
306
−12.3%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. 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 ($830,000 median)
Sales Market Overview
Median Price
$650,000
+0.3%
Median DOM
13
−13.3%
New Listings
71
−44.5%
Inventory
350
+11.5%
- Average Price: $675,740
- Median Price: $650,000
- Price Range: $150,000 – $3,100,000
- Price per Sq Ft (Avg/Median): $252 / $240
- Square Footage (Avg/Median): 2,734 / 2,647
- Square Footage Range: 527 – 5,423
- Days on Market (Avg/Median): 35 / 13
- Days on Market Range: 1 – 273
- New Listings: 71
- Total Listings: 350
Sales by Property Type
Land
Avg/Median Price$608,977 / $339,000Range$150,000 – $3,100,000Price per Sq Ft—Sq Ft—DOM92 / 65New1Total22
Manufactured
Avg/Median Price$465,000 / $465,000Range$465,000 – $465,000Price per Sq Ft$234 / $234Sq Ft1,989 / 1,989DOM114 / 114New0Total1
Single Family
Avg/Median Price$711,731 / $699,000Range$215,000 – $1,700,000Price per Sq Ft$257 / $244Sq Ft2,830 / 2,788DOM31 / 12New66Total295
Townhouse
Avg/Median Price$396,437 / $375,000Range$269,000 – $565,000Price per Sq Ft$214 / $212Sq Ft1,868 / 1,742DOM41 / 28New4Total32
Sales by Bedroom Count
2 Beds
Avg:$436,840Median:$337,000Range:$249,900 – $675,000PSF:$320 / $276Sq Ft:1,394 / 1,601DOM:37 / 7New:3Total:10
3 Beds
Avg:$548,942Median:$490,000Range:$215,000 – $979,000PSF:$268 / $254Sq Ft:2,060 / 2,015DOM:28 / 12New:30Total:131
4 Beds
Avg:$740,317Median:$689,900Range:$450,000 – $1,700,000PSF:$238 / $234Sq Ft:3,089 / 2,945DOM:31 / 11New:23Total:114
5 Beds
Avg:$845,307Median:$789,000Range:$500,000 – $1,454,000PSF:$240 / $237Sq Ft:3,501 / 3,342DOM:39 / 19New:14Total:64
6 Beds
Avg:$926,222Median:$830,000Range:$625,000 – $1,375,000PSF:$226 / $213Sq Ft:4,072 / 4,184DOM:42 / 19New:0Total:9
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $436,840 | $337,000 | $249,900 – $675,000 | $320 / $276 | 1,394 / 1,601 | 37 / 7 | 3 | 10 |
| 3 Beds | $548,942 | $490,000 | $215,000 – $979,000 | $268 / $254 | 2,060 / 2,015 | 28 / 12 | 30 | 131 |
| 4 Beds | $740,317 | $689,900 | $450,000 – $1,700,000 | $238 / $234 | 3,089 / 2,945 | 31 / 11 | 23 | 114 |
| 5 Beds | $845,307 | $789,000 | $500,000 – $1,454,000 | $240 / $237 | 3,501 / 3,342 | 39 / 19 | 14 | 64 |
| 6 Beds | $926,222 | $830,000 | $625,000 – $1,375,000 | $226 / $213 | 4,072 / 4,184 | 42 / 19 | 0 | 9 |
Rental Market Overview
Median Rent
$1,703
+1.7%
Median DOM
1
0.0%
New Listings
143
Inventory
306
−12.3%
- Average Rent: $1,785
- Median Rent: $1,703
- Rent Range: $600 – $4,100
- Rent per Sq Ft (Avg/Median): $1 / $2
- Square Footage (Avg/Median): 1,298 / 1,139
- Square Footage Range: 631 – 4,256
- Days on Market (Avg/Median): 12 / 1
- Days on Market Range: 1 – 326
- New Listings: 143
- Total Listings: 306
Rentals by Property Type
Apartment
$1,563
Median DOM: 1
Inventory: 204
MoM: +1.7%
Condo
—
Median DOM: —
Inventory: —
MoM: +1.7%
Single Family
$2,095
Median DOM: 5
Inventory: 68
MoM: +1.7%
Townhouse
$1,900
Median DOM: 9
Inventory: 34
MoM: +1.7%
Apartment
Avg/Median Rent$1,613 / $1,563Range$800 – $3,014Rent per Sq Ft$2 / $2Sq Ft1,000 / 1,023DOM4 / 1New114Total204
Single Family
Avg/Median Rent$2,212 / $2,095Range$600 – $4,100Rent per Sq Ft$1 / $1Sq Ft2,053 / 1,851DOM27 / 5New20Total68
Townhouse
Avg/Median Rent$1,968 / $1,900Range$1,350 – $2,432Rent per Sq Ft$1 / $1Sq Ft1,732 / 1,768DOM28 / 9New9Total34
Rentals by Bedroom Count
1 Beds
Avg:$1,391Median:$1,414Range:$600 – $1,582PSF:$2 / $2Sq Ft:853 / 822DOM:5 / 1New:49Total:91
2 Beds
Avg:$1,679Median:$1,679Range:$800 – $2,116PSF:$2 / $2Sq Ft:1,124 / 1,112DOM:4 / 1New:58Total:102
3 Beds
Avg:$2,044Median:$1,959Range:$1,650 – $3,014PSF:$1 / $1Sq Ft:1,599 / 1,610DOM:18 / 1New:29Total:80
4 Beds
Avg:$2,473Median:$2,295Range:$1,850 – $4,100PSF:$1 / $1Sq Ft:2,368 / 2,304DOM:28 / 4New:6Total:25
5 Beds
Avg:$2,891Median:$2,895Range:$2,495 – $3,200PSF:$1 / $1Sq Ft:2,907 / 2,765DOM:70 / 21New:1Total:8
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,391 | $1,414 | $600 – $1,582 | $2 / $2 | 853 / 822 | 5 / 1 | 49 | 91 |
| 2 Beds | $1,679 | $1,679 | $800 – $2,116 | $2 / $2 | 1,124 / 1,112 | 4 / 1 | 58 | 102 |
| 3 Beds | $2,044 | $1,959 | $1,650 – $3,014 | $1 / $1 | 1,599 / 1,610 | 18 / 1 | 29 | 80 |
| 4 Beds | $2,473 | $2,295 | $1,850 – $4,100 | $1 / $1 | 2,368 / 2,304 | 28 / 4 | 6 | 25 |
| 5 Beds | $2,891 | $2,895 | $2,495 – $3,200 | $1 / $1 | 2,907 / 2,765 | 70 / 21 | 1 | 8 |
6-Month Sales Trend
Dec 2025
Median Price:$624,000Median DOM:54New:38Total:234
Jan 2026
Median Price:$600,000Median DOM:43New:82Total:222
Feb 2026
Median Price:$625,000Median DOM:30New:82Total:251
Mar 2026
Median Price:$630,000Median DOM:18New:111Total:283
Apr 2026
Median Price:$648,000Median DOM:15New:128Total:314
May 2026
Median Price:$650,000Median DOM:13New:71Total:350
6-Month Rental Trend
Dec 2025
Median Rent:$1,699Median DOM:1New:197Total:289
Jan 2026
Median Rent:$1,691Median DOM:1New:224Total:316
Feb 2026
Median Rent:$1,681Median DOM:1New:215Total:310
Mar 2026
Median Rent:$1,698Median DOM:1New:226Total:321
Apr 2026
Median Rent:$1,674Median DOM:1New:212Total:349
May 2026
Median Rent:$1,703Median DOM:1New:143Total:306
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving 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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