ZIP 27601 Housing Market Report
Raleigh Metro
Report period: May 2026
27601 Monthly Market Update – May 2026
ZIP 27601 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$575,000
0.0%
Median DOM (Sales)
61
+8.9%
New Listings (Sales)
11
−60.7%
Median Rent
$2,000
+0.3%
Median DOM (Rental)
1
0.0%
Total Rental Listings
551
−3.7%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Multi-Family (38 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($1,188,000 median)
Sales Market Overview
Median Price
$575,000
0.0%
Median DOM
61
+8.9%
New Listings
11
−60.7%
Inventory
120
+5.3%
- Average Price: $736,128
- Median Price: $575,000
- Price Range: $280,000 – $2,860,000
- Price per Sq Ft (Avg/Median): $430 / $399
- Square Footage (Avg/Median): 1,764 / 1,553
- Square Footage Range: 718 – 4,390
- Days on Market (Avg/Median): 77 / 61
- Days on Market Range: 2 – 277
- New Listings: 11
- Total Listings: 120
Sales by Property Type
Condo
Avg/Median Price$780,862 / $505,000Range$310,000 – $2,860,000Price per Sq Ft$477 / $399Sq Ft1,612 / 1,470DOM80 / 63New4Total46
Land
Avg/Median Price$317,000 / $297,000Range$297,000 – $375,000Price per Sq Ft—Sq Ft—DOM135 / 80New0Total4
Multi-Family
Avg/Median Price$1,000,429 / $975,000Range$425,000 – $1,950,000Price per Sq Ft$356 / $388Sq Ft2,732 / 2,513DOM53 / 38New1Total7
Single Family
Avg/Median Price$655,566 / $585,000Range$280,000 – $1,595,000Price per Sq Ft$405 / $405Sq Ft1,656 / 1,456DOM62 / 49New6Total51
Townhouse
Avg/Median Price$892,571 / $650,000Range$565,000 – $1,325,000Price per Sq Ft$394 / $389Sq Ft2,242 / 2,300DOM126 / 155New0Total12
Sales by Bedroom Count
Studio
Avg:$422,500Median:$420,000Range:$420,000 – $425,000PSF:$330 / $240Sq Ft:1,384 / 1,000DOM:71 / 44New:0Total:2
1 Beds
Avg:$435,309Median:$399,900Range:$310,000 – $860,000PSF:$445 / $432Sq Ft:968 / 929DOM:97 / 65New:0Total:11
2 Beds
Avg:$575,425Median:$460,000Range:$280,000 – $1,850,000PSF:$477 / $424Sq Ft:1,189 / 1,150DOM:58 / 46New:2Total:24
3 Beds
Avg:$817,949Median:$589,900Range:$369,900 – $2,860,000PSF:$441 / $408Sq Ft:1,801 / 1,759DOM:75 / 58New:8Total:51
4 Beds
Avg:$817,262Median:$800,000Range:$585,000 – $1,595,000PSF:$366 / $369Sq Ft:2,221 / 2,168DOM:89 / 69New:0Total:21
5 Beds
Avg:$994,950Median:$839,900Range:$839,900 – $1,150,000PSF:$429 / $346Sq Ft:2,482 / 1,637DOM:49 / 4New:1Total:2
6 Beds
Avg:$1,316,667Median:$1,025,000Range:$975,000 – $1,950,000PSF:$359 / $388Sq Ft:3,697 / 4,189DOM:81 / 38New:0Total:3
8 Beds
Avg:$1,403,000Median:$1,188,000Range:$1,188,000 – $1,618,000PSF:$346 / $292Sq Ft:4,059 / 4,054DOM:71 / 24New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $422,500 | $420,000 | $420,000 – $425,000 | $330 / $240 | 1,384 / 1,000 | 71 / 44 | 0 | 2 |
| 1 Beds | $435,309 | $399,900 | $310,000 – $860,000 | $445 / $432 | 968 / 929 | 97 / 65 | 0 | 11 |
| 2 Beds | $575,425 | $460,000 | $280,000 – $1,850,000 | $477 / $424 | 1,189 / 1,150 | 58 / 46 | 2 | 24 |
| 3 Beds | $817,949 | $589,900 | $369,900 – $2,860,000 | $441 / $408 | 1,801 / 1,759 | 75 / 58 | 8 | 51 |
| 4 Beds | $817,262 | $800,000 | $585,000 – $1,595,000 | $366 / $369 | 2,221 / 2,168 | 89 / 69 | 0 | 21 |
| 5 Beds | $994,950 | $839,900 | $839,900 – $1,150,000 | $429 / $346 | 2,482 / 1,637 | 49 / 4 | 1 | 2 |
| 6 Beds | $1,316,667 | $1,025,000 | $975,000 – $1,950,000 | $359 / $388 | 3,697 / 4,189 | 81 / 38 | 0 | 3 |
| 8 Beds | $1,403,000 | $1,188,000 | $1,188,000 – $1,618,000 | $346 / $292 | 4,059 / 4,054 | 71 / 24 | 0 | 2 |
Rental Market Overview
Median Rent
$2,000
+0.3%
Median DOM
1
0.0%
New Listings
353
Inventory
551
−3.7%
- Average Rent: $2,253
- Median Rent: $2,000
- Rent Range: $800 – $7,769
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 936 / 898
- Square Footage Range: 347 – 2,717
- Days on Market (Avg/Median): 10 / 1
- Days on Market Range: 1 – 363
- New Listings: 353
- Total Listings: 551
Rentals by Property Type
Apartment
$1,975
Median DOM: 1
Inventory: 476
MoM: +0.3%
Condo
$2,190
Median DOM: 32
Inventory: 19
MoM: +0.3%
Single Family
$2,150
Median DOM: 1
Inventory: 43
MoM: +0.3%
Townhouse
$2,250
Median DOM: 1
Inventory: 12
MoM: +0.3%
Apartment
Avg/Median Rent$2,226 / $1,975Range$895 – $6,500Rent per Sq Ft$3 / $3Sq Ft883 / 813DOM6 / 1New335Total476
Condo
Avg/Median Rent$2,491 / $2,190Range$1,250 – $5,250Rent per Sq Ft$2 / $2Sq Ft1,404 / 1,180DOM58 / 32New2Total19
Multi-Family
Avg/Median Rent$895 / $895Range$895 – $895Rent per Sq Ft$1 / $1Sq Ft695 / 695DOM5 / 5New1Total1
Single Family
Avg/Median Rent$2,210 / $2,150Range$800 – $4,500Rent per Sq Ft$2 / $2Sq Ft1,169 / 1,104DOM30 / 1New11Total43
Townhouse
Avg/Median Rent$3,197 / $2,250Range$1,175 – $7,769Rent per Sq Ft$2 / $1Sq Ft1,892 / 2,297DOM32 / 1New4Total12
Rentals by Bedroom Count
Studio
Avg:$1,423Median:$1,401Range:$800 – $1,970PSF:$3 / $3Sq Ft:557 / 543DOM:9 / 1New:59Total:95
1 Beds
Avg:$1,873Median:$1,896Range:$800 – $3,000PSF:$2 / $2Sq Ft:765 / 720DOM:9 / 1New:146Total:203
2 Beds
Avg:$2,842Median:$2,995Range:$895 – $4,277PSF:$3 / $3Sq Ft:1,134 / 1,152DOM:8 / 1New:136Total:209
3 Beds
Avg:$2,896Median:$2,665Range:$1,550 – $7,769PSF:$2 / $2Sq Ft:1,598 / 1,570DOM:33 / 2New:11Total:39
4 Beds
Avg:$3,767Median:$3,095Range:$2,995 – $5,250PSF:$2 / $2Sq Ft:2,261 / 2,300DOM:20 / 18New:1Total:5
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,423 | $1,401 | $800 – $1,970 | $3 / $3 | 557 / 543 | 9 / 1 | 59 | 95 |
| 1 Beds | $1,873 | $1,896 | $800 – $3,000 | $2 / $2 | 765 / 720 | 9 / 1 | 146 | 203 |
| 2 Beds | $2,842 | $2,995 | $895 – $4,277 | $3 / $3 | 1,134 / 1,152 | 8 / 1 | 136 | 209 |
| 3 Beds | $2,896 | $2,665 | $1,550 – $7,769 | $2 / $2 | 1,598 / 1,570 | 33 / 2 | 11 | 39 |
| 4 Beds | $3,767 | $3,095 | $2,995 – $5,250 | $2 / $2 | 2,261 / 2,300 | 20 / 18 | 1 | 5 |
6-Month Sales Trend
Dec 2025
Median Price:$550,000Median DOM:75New:19Total:104
Jan 2026
Median Price:$550,000Median DOM:72New:25Total:104
Feb 2026
Median Price:$539,999Median DOM:72New:23Total:105
Mar 2026
Median Price:$575,000Median DOM:56New:33Total:114
Apr 2026
Median Price:$575,000Median DOM:56New:28Total:114
May 2026
Median Price:$575,000Median DOM:61New:11Total:120
6-Month Rental Trend
Dec 2025
Median Rent:$1,819Median DOM:1New:385Total:511
Jan 2026
Median Rent:$1,849Median DOM:1New:408Total:523
Feb 2026
Median Rent:$1,850Median DOM:1New:384Total:539
Mar 2026
Median Rent:$1,916Median DOM:1New:453Total:630
Apr 2026
Median Rent:$1,995Median DOM:1New:450Total:572
May 2026
Median Rent:$2,000Median DOM:1New:353Total:551
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. Days on market lengthened, signaling slower 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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