ZIP 27597 Housing Market Report
Raleigh Metro
Report period: May 2026
27597 Monthly Market Update – May 2026
ZIP 27597 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$391,000
+0.4%
Median DOM (Sales)
29
−14.7%
New Listings (Sales)
115
−29.9%
Median Rent
$1,900
+0.3%
Median DOM (Rental)
11
+10.0%
Total Rental Listings
132
−2.2%
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: Multi-Family (3 DOM)
- Fastest renting: Single Family (8 DOM)
- Strongest bedroom: 7 Beds ($2,350,000 median)
Sales Market Overview
Median Price
$391,000
+0.4%
Median DOM
29
−14.7%
New Listings
115
−29.9%
Inventory
536
+3.9%
- Average Price: $475,843
- Median Price: $391,000
- Price Range: $50,000 – $4,775,000
- Price per Sq Ft (Avg/Median): $202 / $191
- Square Footage (Avg/Median): 2,321 / 2,260
- Square Footage Range: 912 – 7,247
- Days on Market (Avg/Median): 58 / 29
- Days on Market Range: 1 – 357
- New Listings: 115
- Total Listings: 536
Sales by Property Type
Land
Avg/Median Price$443,265 / $275,000Range$50,000 – $4,775,000Price per Sq Ft—Sq Ft—DOM123 / 71New5Total70
Manufactured
Avg/Median Price$278,460 / $295,000Range$236,900 – $325,000Price per Sq Ft$163 / $175Sq Ft1,747 / 1,700DOM29 / 18New0Total5
Multi-Family
Avg/Median Price$289,813 / $285,137Range$269,990 – $340,000Price per Sq Ft$177 / $171Sq Ft1,643 / 1,664DOM4 / 3New4Total7
Single Family
Avg/Median Price$500,020 / $412,000Range$99,000 – $3,975,000Price per Sq Ft$206 / $194Sq Ft2,383 / 2,330DOM52 / 26New97Total425
Townhouse
Avg/Median Price$279,094 / $272,570Range$234,900 – $329,990Price per Sq Ft$167 / $164Sq Ft1,683 / 1,628DOM31 / 17New9Total29
Sales by Bedroom Count
2 Beds
Avg:$254,300Median:$248,000Range:$234,900 – $280,000PSF:$232 / $230Sq Ft:1,110 / 1,077DOM:83 / 102New:0Total:3
3 Beds
Avg:$389,996Median:$355,420Range:$99,000 – $1,273,960PSF:$202 / $194Sq Ft:1,934 / 1,831DOM:54 / 31New:42Total:254
4 Beds
Avg:$604,960Median:$499,700Range:$230,000 – $3,975,000PSF:$206 / $193Sq Ft:2,798 / 2,646DOM:47 / 14New:55Total:179
5 Beds
Avg:$467,710Median:$446,990Range:$205,000 – $625,000PSF:$161 / $161Sq Ft:2,891 / 2,953DOM:28 / 6New:13Total:29
7 Beds
Avg:$2,350,000Median:$2,350,000Range:$2,350,000 – $2,350,000PSF:$796 / $796Sq Ft:2,954 / 2,954DOM:18 / 18New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $254,300 | $248,000 | $234,900 – $280,000 | $232 / $230 | 1,110 / 1,077 | 83 / 102 | 0 | 3 |
| 3 Beds | $389,996 | $355,420 | $99,000 – $1,273,960 | $202 / $194 | 1,934 / 1,831 | 54 / 31 | 42 | 254 |
| 4 Beds | $604,960 | $499,700 | $230,000 – $3,975,000 | $206 / $193 | 2,798 / 2,646 | 47 / 14 | 55 | 179 |
| 5 Beds | $467,710 | $446,990 | $205,000 – $625,000 | $161 / $161 | 2,891 / 2,953 | 28 / 6 | 13 | 29 |
| 7 Beds | $2,350,000 | $2,350,000 | $2,350,000 – $2,350,000 | $796 / $796 | 2,954 / 2,954 | 18 / 18 | 0 | 1 |
Rental Market Overview
Median Rent
$1,900
+0.3%
Median DOM
11
+10.0%
New Listings
30
Inventory
132
−2.2%
- Average Rent: $1,902
- Median Rent: $1,900
- Rent Range: $900 – $2,535
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,804 / 1,800
- Square Footage Range: 750 – 2,852
- Days on Market (Avg/Median): 34 / 11
- Days on Market Range: 1 – 349
- New Listings: 30
- Total Listings: 132
Rentals by Property Type
Apartment
$1,275
Median DOM: —
Inventory: 1
MoM: +0.3%
Condo
—
Median DOM: —
Inventory: —
MoM: +0.3%
Single Family
$1,975
Median DOM: 8
Inventory: 113
MoM: +0.3%
Townhouse
$1,845
Median DOM: 15
Inventory: 14
MoM: +0.3%
Apartment
Avg/Median Rent$1,275 / $1,275Range$1,275 – $1,275Rent per Sq Ft$1 / $1Sq Ft905 / 905DOM—New0Total1
Manufactured
Avg/Median Rent$1,425 / $1,425Range$1,425 – $1,425Rent per Sq Ft$1 / $1Sq Ft1,389 / 1,389DOM18 / 18New0Total1
Multi-Family
Avg/Median Rent$1,750 / $1,750Range$1,750 – $1,750Rent per Sq Ft$1 / $1Sq Ft1,783 / 1,600DOM83 / 62New0Total3
Single Family
Avg/Median Rent$1,928 / $1,975Range$900 – $2,535Rent per Sq Ft$1 / $1Sq Ft1,828 / 1,840DOM36 / 8New28Total113
Townhouse
Avg/Median Rent$1,802 / $1,845Range$1,625 – $1,895Rent per Sq Ft$1 / $1Sq Ft1,700 / 1,700DOM15 / 15New2Total14
Rentals by Bedroom Count
Studio
Avg:$2,200Median:$2,200Range:$2,200 – $2,200PSF:$1 / $1Sq Ft:2,156 / 2,156DOM:25 / 25New:0Total:1
2 Beds
Avg:$1,444Median:$1,450Range:$1,095 – $1,900PSF:$2 / $1Sq Ft:935 / 996DOM:88 / 1New:1Total:5
3 Beds
Avg:$1,841Median:$1,850Range:$1,370 – $2,100PSF:$1 / $1Sq Ft:1,622 / 1,628DOM:26 / 12New:18Total:81
4 Beds
Avg:$2,012Median:$2,070Range:$900 – $2,400PSF:$1 / $1Sq Ft:2,189 / 2,182DOM:37 / 7New:11Total:40
5 Beds
Avg:$2,397Median:$2,395Range:$2,275 – $2,535PSF:$1 / $1Sq Ft:2,772 / 2,805DOM:207 / 207New:0Total:5
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $2,200 | $2,200 | $2,200 – $2,200 | $1 / $1 | 2,156 / 2,156 | 25 / 25 | 0 | 1 |
| 2 Beds | $1,444 | $1,450 | $1,095 – $1,900 | $2 / $1 | 935 / 996 | 88 / 1 | 1 | 5 |
| 3 Beds | $1,841 | $1,850 | $1,370 – $2,100 | $1 / $1 | 1,622 / 1,628 | 26 / 12 | 18 | 81 |
| 4 Beds | $2,012 | $2,070 | $900 – $2,400 | $1 / $1 | 2,189 / 2,182 | 37 / 7 | 11 | 40 |
| 5 Beds | $2,397 | $2,395 | $2,275 – $2,535 | $1 / $1 | 2,772 / 2,805 | 207 / 207 | 0 | 5 |
6-Month Sales Trend
Dec 2025
Median Price:$377,900Median DOM:60New:117Total:481
Jan 2026
Median Price:$374,135Median DOM:46New:156Total:477
Feb 2026
Median Price:$377,900Median DOM:41New:134Total:449
Mar 2026
Median Price:$379,900Median DOM:27New:190Total:479
Apr 2026
Median Price:$389,275Median DOM:34New:164Total:516
May 2026
Median Price:$391,000Median DOM:29New:115Total:536
6-Month Rental Trend
Dec 2025
Median Rent:$1,825Median DOM:25New:32Total:98
Jan 2026
Median Rent:$1,810Median DOM:15New:46Total:107
Feb 2026
Median Rent:$1,825Median DOM:9New:43Total:110
Mar 2026
Median Rent:$1,900Median DOM:7New:48Total:116
Apr 2026
Median Rent:$1,895Median DOM:10New:51Total:135
May 2026
Median Rent:$1,900Median DOM:11New:30Total:132
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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