ZIP 27591 Housing Market Report
Raleigh Metro
Report period: May 2026
27591 Monthly Market Update – May 2026
ZIP 27591 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$399,900
0.0%
Median DOM (Sales)
16
−11.1%
New Listings (Sales)
169
−31.3%
Median Rent
$1,799
+0.2%
Median DOM (Rental)
1
0.0%
Total Rental Listings
256
−3.4%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Townhouse (6 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 4 Beds ($449,501 median)
Sales Market Overview
Median Price
$399,900
0.0%
Median DOM
16
−11.1%
New Listings
169
−31.3%
Inventory
600
+2.7%
- Average Price: $455,416
- Median Price: $399,900
- Price Range: $60,000 – $3,995,000
- Price per Sq Ft (Avg/Median): $204 / $197
- Square Footage (Avg/Median): 2,180 / 2,134
- Square Footage Range: 480 – 5,233
- Days on Market (Avg/Median): 43 / 16
- Days on Market Range: 1 – 364
- New Listings: 169
- Total Listings: 600
Sales by Property Type
Land
Avg/Median Price$869,795 / $550,000Range$60,000 – $3,995,000Price per Sq Ft—Sq Ft—DOM130 / 95New0Total19
Manufactured
Avg/Median Price$202,034 / $168,135Range$160,000 – $265,000Price per Sq Ft$138 / $138Sq Ft1,462 / 1,512DOM40 / 25New0Total4
Single Family
Avg/Median Price$461,072 / $415,000Range$60,000 – $1,462,000Price per Sq Ft$207 / $201Sq Ft2,249 / 2,200DOM42 / 18New131Total507
Townhouse
Avg/Median Price$316,461 / $299,999Range$264,999 – $535,000Price per Sq Ft$185 / $181Sq Ft1,721 / 1,677DOM32 / 6New38Total70
Sales by Bedroom Count
Studio
Avg:$355,000Median:$160,000Range:$160,000 – $550,000PSF:$204 / $103Sq Ft:1,674 / 1,547DOM:18 / 2New:0Total:2
1 Beds
Avg:$60,000Median:$60,000Range:$60,000 – $60,000PSF:$125 / $125Sq Ft:480 / 480DOM:90 / 90New:0Total:1
2 Beds
Avg:$461,518Median:$309,990Range:$220,000 – $1,375,000PSF:$357 / $260Sq Ft:1,389 / 1,153DOM:40 / 23New:1Total:14
3 Beds
Avg:$389,186Median:$369,900Range:$168,135 – $895,000PSF:$207 / $208Sq Ft:1,877 / 1,820DOM:40 / 14New:86Total:290
4 Beds
Avg:$512,231Median:$449,501Range:$309,000 – $1,462,000PSF:$202 / $192Sq Ft:2,490 / 2,450DOM:47 / 17New:51Total:194
5 Beds
Avg:$458,062Median:$432,000Range:$357,680 – $1,200,000PSF:$171 / $165Sq Ft:2,666 / 2,619DOM:26 / 7New:31Total:77
6 Beds
Avg:$661,663Median:$400,990Range:$384,000 – $1,200,000PSF:$179 / $158Sq Ft:3,438 / 2,541DOM:42 / 39New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $355,000 | $160,000 | $160,000 – $550,000 | $204 / $103 | 1,674 / 1,547 | 18 / 2 | 0 | 2 |
| 1 Beds | $60,000 | $60,000 | $60,000 – $60,000 | $125 / $125 | 480 / 480 | 90 / 90 | 0 | 1 |
| 2 Beds | $461,518 | $309,990 | $220,000 – $1,375,000 | $357 / $260 | 1,389 / 1,153 | 40 / 23 | 1 | 14 |
| 3 Beds | $389,186 | $369,900 | $168,135 – $895,000 | $207 / $208 | 1,877 / 1,820 | 40 / 14 | 86 | 290 |
| 4 Beds | $512,231 | $449,501 | $309,000 – $1,462,000 | $202 / $192 | 2,490 / 2,450 | 47 / 17 | 51 | 194 |
| 5 Beds | $458,062 | $432,000 | $357,680 – $1,200,000 | $171 / $165 | 2,666 / 2,619 | 26 / 7 | 31 | 77 |
| 6 Beds | $661,663 | $400,990 | $384,000 – $1,200,000 | $179 / $158 | 3,438 / 2,541 | 42 / 39 | 0 | 3 |
Rental Market Overview
Median Rent
$1,799
+0.2%
Median DOM
1
0.0%
New Listings
115
Inventory
256
−3.4%
- Average Rent: $1,831
- Median Rent: $1,799
- Rent Range: $1,149 – $3,038
- Rent per Sq Ft (Avg/Median): $1 / $2
- Square Footage (Avg/Median): 1,375 / 1,265
- Square Footage Range: 643 – 2,937
- Days on Market (Avg/Median): 15 / 1
- Days on Market Range: 1 – 343
- New Listings: 115
- Total Listings: 256
Rentals by Property Type
Apartment
$1,538
Median DOM: 1
Inventory: 151
MoM: +0.2%
Condo
—
Median DOM: —
Inventory: —
MoM: +0.2%
Single Family
$2,120
Median DOM: 1
Inventory: 84
MoM: +0.2%
Townhouse
$1,885
Median DOM: 20
Inventory: 21
MoM: +0.2%
Apartment
Avg/Median Rent$1,661 / $1,538Range$1,149 – $3,038Rent per Sq Ft$2 / $2Sq Ft1,052 / 933DOM8 / 1New89Total151
Single Family
Avg/Median Rent$2,103 / $2,120Range$1,438 – $2,900Rent per Sq Ft$1 / $1Sq Ft1,899 / 1,884DOM20 / 1New22Total84
Townhouse
Avg/Median Rent$1,969 / $1,885Range$1,250 – $2,700Rent per Sq Ft$1 / $1Sq Ft1,768 / 1,714DOM53 / 20New4Total21
Rentals by Bedroom Count
Studio
Avg:$1,334Median:$1,335Range:$1,275 – $1,452PSF:$2 / $2Sq Ft:643 / 643DOM:1 / 1New:3Total:5
1 Beds
Avg:$1,441Median:$1,440Range:$1,261 – $1,568PSF:$2 / $2Sq Ft:778 / 790DOM:5 / 1New:45Total:73
2 Beds
Avg:$1,748Median:$1,748Range:$1,149 – $2,065PSF:$2 / $2Sq Ft:1,165 / 1,149DOM:11 / 1New:30Total:55
3 Beds
Avg:$2,034Median:$1,999Range:$1,438 – $3,038PSF:$1 / $1Sq Ft:1,690 / 1,714DOM:21 / 1New:27Total:82
4 Beds
Avg:$2,267Median:$2,230Range:$1,845 – $2,900PSF:$1 / $1Sq Ft:2,198 / 2,164DOM:34 / 13New:7Total:35
5 Beds
Avg:$2,460Median:$2,305Range:$2,195 – $2,850PSF:$1 / $1Sq Ft:2,701 / 2,800DOM:21 / 1New:3Total:6
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,334 | $1,335 | $1,275 – $1,452 | $2 / $2 | 643 / 643 | 1 / 1 | 3 | 5 |
| 1 Beds | $1,441 | $1,440 | $1,261 – $1,568 | $2 / $2 | 778 / 790 | 5 / 1 | 45 | 73 |
| 2 Beds | $1,748 | $1,748 | $1,149 – $2,065 | $2 / $2 | 1,165 / 1,149 | 11 / 1 | 30 | 55 |
| 3 Beds | $2,034 | $1,999 | $1,438 – $3,038 | $1 / $1 | 1,690 / 1,714 | 21 / 1 | 27 | 82 |
| 4 Beds | $2,267 | $2,230 | $1,845 – $2,900 | $1 / $1 | 2,198 / 2,164 | 34 / 13 | 7 | 35 |
| 5 Beds | $2,460 | $2,305 | $2,195 – $2,850 | $1 / $1 | 2,701 / 2,800 | 21 / 1 | 3 | 6 |
6-Month Sales Trend
Dec 2025
Median Price:$399,900Median DOM:36New:170Total:495
Jan 2026
Median Price:$387,000Median DOM:21New:214Total:499
Feb 2026
Median Price:$390,490Median DOM:17New:262Total:568
Mar 2026
Median Price:$392,499Median DOM:17New:250Total:583
Apr 2026
Median Price:$399,900Median DOM:18New:246Total:584
May 2026
Median Price:$399,900Median DOM:16New:169Total:600
6-Month Rental Trend
Dec 2025
Median Rent:$1,875Median DOM:1New:69Total:143
Jan 2026
Median Rent:$1,707Median DOM:1New:156Total:216
Feb 2026
Median Rent:$1,715Median DOM:1New:171Total:235
Mar 2026
Median Rent:$1,754Median DOM:1New:197Total:266
Apr 2026
Median Rent:$1,795Median DOM:1New:177Total:265
May 2026
Median Rent:$1,799Median DOM:1New:115Total:256
Key Market Takeaways
Median sale prices held steady 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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