ZIP 27577 Housing Market Report
Raleigh Metro
Report period: May 2026
27577 Monthly Market Update – May 2026
ZIP 27577 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$338,650
−0.3%
Median DOM (Sales)
45
−4.3%
New Listings (Sales)
39
−50.6%
Median Rent
$1,695
0.0%
Median DOM (Rental)
9
+12.5%
Total Rental Listings
92
+3.4%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Multi-Family (34 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($375,370 median)
Sales Market Overview
Median Price
$338,650
−0.3%
Median DOM
45
−4.3%
New Listings
39
−50.6%
Inventory
382
−1.5%
- Average Price: $380,516
- Median Price: $338,650
- Price Range: $49,990 – $6,900,000
- Price per Sq Ft (Avg/Median): $180 / $175
- Square Footage (Avg/Median): 2,001 / 1,960
- Square Footage Range: 720 – 4,597
- Days on Market (Avg/Median): 77 / 45
- Days on Market Range: 2 – 357
- New Listings: 39
- Total Listings: 382
Sales by Property Type
Land
Avg/Median Price$654,314 / $199,000Range$49,990 – $6,900,000Price per Sq Ft—Sq Ft—DOM125 / 106New2Total33
Manufactured
Avg/Median Price$257,250 / $265,000Range$189,000 – $299,999Price per Sq Ft$152 / $158Sq Ft1,721 / 1,648DOM91 / 125New0Total4
Multi-Family
Avg/Median Price$156,950 / $144,000Range$144,000 – $169,900Price per Sq Ft$142 / $133Sq Ft1,118 / 956DOM43 / 34New0Total2
Single Family
Avg/Median Price$367,675 / $347,990Range$100,000 – $1,150,000Price per Sq Ft$183 / $178Sq Ft2,047 / 2,015DOM75 / 45New35Total302
Townhouse
Avg/Median Price$277,658 / $271,940Range$162,500 – $474,500Price per Sq Ft$162 / $154Sq Ft1,730 / 1,792DOM63 / 40New2Total41
Sales by Bedroom Count
Studio
Avg:$160,000Median:$160,000Range:$160,000 – $160,000PSF:—Sq Ft:—DOM:145 / 145New:0Total:1
2 Beds
Avg:$207,911Median:$169,900Range:$100,000 – $375,000PSF:$178 / $151Sq Ft:1,245 / 1,215DOM:82 / 46New:0Total:9
3 Beds
Avg:$328,743Median:$315,000Range:$165,000 – $750,000PSF:$187 / $184Sq Ft:1,783 / 1,785DOM:66 / 40New:25Total:221
4 Beds
Avg:$417,596Median:$375,170Range:$255,000 – $1,150,000PSF:$172 / $162Sq Ft:2,419 / 2,363DOM:93 / 65New:11Total:100
5 Beds
Avg:$406,763Median:$375,370Range:$338,090 – $747,000PSF:$149 / $147Sq Ft:2,727 / 2,511DOM:47 / 29New:1Total:18
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $160,000 | $160,000 | $160,000 – $160,000 | — | — | 145 / 145 | 0 | 1 |
| 2 Beds | $207,911 | $169,900 | $100,000 – $375,000 | $178 / $151 | 1,245 / 1,215 | 82 / 46 | 0 | 9 |
| 3 Beds | $328,743 | $315,000 | $165,000 – $750,000 | $187 / $184 | 1,783 / 1,785 | 66 / 40 | 25 | 221 |
| 4 Beds | $417,596 | $375,170 | $255,000 – $1,150,000 | $172 / $162 | 2,419 / 2,363 | 93 / 65 | 11 | 100 |
| 5 Beds | $406,763 | $375,370 | $338,090 – $747,000 | $149 / $147 | 2,727 / 2,511 | 47 / 29 | 1 | 18 |
Rental Market Overview
Median Rent
$1,695
0.0%
Median DOM
9
+12.5%
New Listings
16
Inventory
92
+3.4%
- Average Rent: $1,673
- Median Rent: $1,695
- Rent Range: $850 – $2,500
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,448 / 1,409
- Square Footage Range: 672 – 4,356
- Days on Market (Avg/Median): 31 / 9
- Days on Market Range: 1 – 362
- New Listings: 16
- Total Listings: 92
Rentals by Property Type
Apartment
$1,249
Median DOM: 1
Inventory: 7
MoM: 0.0%
Condo
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
$1,770
Median DOM: 13
Inventory: 61
MoM: 0.0%
Townhouse
$1,695
Median DOM: 5
Inventory: 21
MoM: 0.0%
Apartment
Avg/Median Rent$1,242 / $1,249Range$1,099 – $1,399Rent per Sq Ft$1 / $1Sq Ft1,038 / 1,035DOM41 / 1New0Total7
Manufactured
Avg/Median Rent$1,750 / $1,750Range$1,750 – $1,750Rent per Sq Ft—Sq Ft—DOM26 / 26New0Total1
Multi-Family
Avg/Median Rent$1,230 / $1,200Range$1,200 – $1,260Rent per Sq Ft$1 / $1Sq Ft950 / 950DOM185 / 129New0Total2
Single Family
Avg/Median Rent$1,749 / $1,770Range$850 – $2,500Rent per Sq Ft$1 / $1Sq Ft1,518 / 1,411DOM34 / 13New10Total61
Townhouse
Avg/Median Rent$1,632 / $1,695Range$1,450 – $1,750Rent per Sq Ft$1 / $1Sq Ft1,422 / 1,409DOM8 / 5New6Total21
Rentals by Bedroom Count
2 Beds
Avg:$1,271Median:$1,300Range:$850 – $1,495PSF:$1 / $1Sq Ft:1,042 / 1,035DOM:53 / 1New:0Total:19
3 Beds
Avg:$1,735Median:$1,700Range:$1,200 – $2,270PSF:$1 / $1Sq Ft:1,513 / 1,409DOM:26 / 12New:15Total:62
4 Beds
Avg:$1,941Median:$1,900Range:$1,525 – $2,500PSF:$1 / $1Sq Ft:1,864 / 2,000DOM:17 / 10New:0Total:7
5 Beds
Avg:$2,141Median:$1,950Range:$1,870 – $2,445PSF:$1 / $1Sq Ft:1,929 / 1,342DOM:1 / 1New:1Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $1,271 | $1,300 | $850 – $1,495 | $1 / $1 | 1,042 / 1,035 | 53 / 1 | 0 | 19 |
| 3 Beds | $1,735 | $1,700 | $1,200 – $2,270 | $1 / $1 | 1,513 / 1,409 | 26 / 12 | 15 | 62 |
| 4 Beds | $1,941 | $1,900 | $1,525 – $2,500 | $1 / $1 | 1,864 / 2,000 | 17 / 10 | 0 | 7 |
| 5 Beds | $2,141 | $1,950 | $1,870 – $2,445 | $1 / $1 | 1,929 / 1,342 | 1 / 1 | 1 | 4 |
6-Month Sales Trend
Dec 2025
Median Price:$343,650Median DOM:49New:63Total:364
Jan 2026
Median Price:$344,900Median DOM:58New:83Total:357
Feb 2026
Median Price:$338,000Median DOM:47New:98Total:358
Mar 2026
Median Price:$340,000Median DOM:47New:94Total:387
Apr 2026
Median Price:$339,740Median DOM:47New:79Total:388
May 2026
Median Price:$338,650Median DOM:45New:39Total:382
6-Month Rental Trend
Dec 2025
Median Rent:$1,695Median DOM:11New:46Total:107
Jan 2026
Median Rent:$1,695Median DOM:10New:41Total:103
Feb 2026
Median Rent:$1,694Median DOM:4New:27Total:90
Mar 2026
Median Rent:$1,680Median DOM:9New:31Total:88
Apr 2026
Median Rent:$1,695Median DOM:8New:36Total:89
May 2026
Median Rent:$1,695Median DOM:9New:16Total:92
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market declined, signaling improving buyer activity. Rental pricing remained stable, 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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