ZIP 27604 Housing Market Report
Raleigh Metro
Report period: May 2026
27604 Monthly Market Update – May 2026
ZIP 27604 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$359,500
−0.1%
Median DOM (Sales)
26
+18.2%
New Listings (Sales)
64
−46.7%
Median Rent
$1,589
+1.3%
Median DOM (Rental)
1
0.0%
Total Rental Listings
844
−2.9%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Townhouse (12 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($924,950 median)
Sales Market Overview
Median Price
$359,500
−0.1%
Median DOM
26
+18.2%
New Listings
64
−46.7%
Inventory
336
+3.4%
- Average Price: $439,503
- Median Price: $359,500
- Price Range: $50,000 – $4,200,000
- Price per Sq Ft (Avg/Median): $235 / $206
- Square Footage (Avg/Median): 1,909 / 1,752
- Square Footage Range: 514 – 5,467
- Days on Market (Avg/Median): 53 / 26
- Days on Market Range: 1 – 364
- New Listings: 64
- Total Listings: 336
Sales by Property Type
Condo
Avg/Median Price$408,024 / $299,900Range$128,000 – $850,000Price per Sq Ft$263 / $247Sq Ft1,455 / 1,291DOM61 / 52New3Total25
Land
Avg/Median Price$182,420 / $105,000Range$50,000 – $735,000Price per Sq Ft—Sq Ft—DOM95 / 24New1Total20
Multi-Family
Avg/Median Price$924,950 / $924,950Range$924,950 – $924,950Price per Sq Ft$221 / $221Sq Ft4,192 / 4,192DOM13 / 13New0Total1
Single Family
Avg/Median Price$546,630 / $419,900Range$189,000 – $4,200,000Price per Sq Ft$256 / $217Sq Ft2,113 / 1,840DOM55 / 26New27Total178
Townhouse
Avg/Median Price$317,848 / $320,990Range$190,000 – $684,900Price per Sq Ft$196 / $188Sq Ft1,666 / 1,678DOM42 / 12New33Total112
Sales by Bedroom Count
1 Beds
Avg:$170,725Median:$150,000Range:$128,000 – $205,000PSF:$263 / $249Sq Ft:648 / 558DOM:38 / 12New:1Total:4
2 Beds
Avg:$311,738Median:$248,900Range:$190,000 – $800,000PSF:$250 / $222Sq Ft:1,231 / 1,166DOM:65 / 46New:6Total:45
3 Beds
Avg:$379,541Median:$345,000Range:$176,000 – $1,215,000PSF:$220 / $202Sq Ft:1,742 / 1,699DOM:43 / 19New:44Total:188
4 Beds
Avg:$716,513Median:$475,000Range:$332,000 – $4,200,000PSF:$271 / $208Sq Ft:2,537 / 2,402DOM:59 / 44New:7Total:54
5 Beds
Avg:$758,832Median:$533,265Range:$474,999 – $2,000,000PSF:$230 / $178Sq Ft:3,247 / 3,010DOM:78 / 22New:4Total:22
6 Beds
Avg:$824,500Median:$310,000Range:$310,000 – $1,339,000PSF:$288 / $205Sq Ft:2,560 / 1,515DOM:18 / 10New:1Total:2
8 Beds
Avg:$924,950Median:$924,950Range:$924,950 – $924,950PSF:$221 / $221Sq Ft:4,192 / 4,192DOM:13 / 13New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $170,725 | $150,000 | $128,000 – $205,000 | $263 / $249 | 648 / 558 | 38 / 12 | 1 | 4 |
| 2 Beds | $311,738 | $248,900 | $190,000 – $800,000 | $250 / $222 | 1,231 / 1,166 | 65 / 46 | 6 | 45 |
| 3 Beds | $379,541 | $345,000 | $176,000 – $1,215,000 | $220 / $202 | 1,742 / 1,699 | 43 / 19 | 44 | 188 |
| 4 Beds | $716,513 | $475,000 | $332,000 – $4,200,000 | $271 / $208 | 2,537 / 2,402 | 59 / 44 | 7 | 54 |
| 5 Beds | $758,832 | $533,265 | $474,999 – $2,000,000 | $230 / $178 | 3,247 / 3,010 | 78 / 22 | 4 | 22 |
| 6 Beds | $824,500 | $310,000 | $310,000 – $1,339,000 | $288 / $205 | 2,560 / 1,515 | 18 / 10 | 1 | 2 |
| 8 Beds | $924,950 | $924,950 | $924,950 – $924,950 | $221 / $221 | 4,192 / 4,192 | 13 / 13 | 0 | 1 |
Rental Market Overview
Median Rent
$1,589
+1.3%
Median DOM
1
0.0%
New Listings
372
Inventory
844
−2.9%
- Average Rent: $1,682
- Median Rent: $1,589
- Rent Range: $650 – $4,895
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,074 / 1,028
- Square Footage Range: 383 – 3,408
- Days on Market (Avg/Median): 13 / 1
- Days on Market Range: 1 – 356
- New Listings: 372
- Total Listings: 844
Rentals by Property Type
Apartment
$1,494
Median DOM: 1
Inventory: 656
MoM: +1.3%
Condo
$1,495
Median DOM: 1
Inventory: 12
MoM: +1.3%
Single Family
$1,990
Median DOM: 1
Inventory: 118
MoM: +1.3%
Townhouse
$1,850
Median DOM: 19
Inventory: 51
MoM: +1.3%
Apartment
Avg/Median Rent$1,619 / $1,494Range$840 – $4,895Rent per Sq Ft$2 / $2Sq Ft935 / 895DOM8 / 1New325Total656
Condo
Avg/Median Rent$1,499 / $1,495Range$750 – $2,600Rent per Sq Ft$2 / $2Sq Ft991 / 984DOM18 / 1New4Total12
Multi-Family
Avg/Median Rent$1,445 / $1,496Range$1,125 – $1,625Rent per Sq Ft$1 / $2Sq Ft988 / 1,008DOM80 / 77New1Total7
Single Family
Avg/Median Rent$2,009 / $1,990Range$650 – $3,500Rent per Sq Ft$1 / $1Sq Ft1,751 / 1,609DOM23 / 1New27Total118
Townhouse
Avg/Median Rent$1,811 / $1,850Range$1,145 – $3,200Rent per Sq Ft$1 / $1Sq Ft1,455 / 1,430DOM38 / 19New15Total51
Rentals by Bedroom Count
Studio
Avg:$1,457Median:$1,364Range:$1,029 – $2,280PSF:$3 / $3Sq Ft:641 / 535DOM:13 / 1New:9Total:36
1 Beds
Avg:$1,433Median:$1,425Range:$650 – $2,890PSF:$2 / $2Sq Ft:764 / 750DOM:10 / 1New:155Total:300
2 Beds
Avg:$1,720Median:$1,587Range:$1,125 – $4,098PSF:$2 / $2Sq Ft:1,089 / 1,097DOM:11 / 1New:150Total:329
3 Beds
Avg:$2,006Median:$1,895Range:$1,400 – $4,895PSF:$1 / $1Sq Ft:1,541 / 1,498DOM:19 / 1New:52Total:143
4 Beds
Avg:$2,280Median:$2,260Range:$1,850 – $3,500PSF:$1 / $1Sq Ft:2,102 / 2,066DOM:33 / 1New:3Total:30
5 Beds
Avg:$2,670Median:$2,495Range:$2,475 – $3,190PSF:$1 / $1Sq Ft:2,866 / 2,674DOM:20 / 1New:3Total:6
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,457 | $1,364 | $1,029 – $2,280 | $3 / $3 | 641 / 535 | 13 / 1 | 9 | 36 |
| 1 Beds | $1,433 | $1,425 | $650 – $2,890 | $2 / $2 | 764 / 750 | 10 / 1 | 155 | 300 |
| 2 Beds | $1,720 | $1,587 | $1,125 – $4,098 | $2 / $2 | 1,089 / 1,097 | 11 / 1 | 150 | 329 |
| 3 Beds | $2,006 | $1,895 | $1,400 – $4,895 | $1 / $1 | 1,541 / 1,498 | 19 / 1 | 52 | 143 |
| 4 Beds | $2,280 | $2,260 | $1,850 – $3,500 | $1 / $1 | 2,102 / 2,066 | 33 / 1 | 3 | 30 |
| 5 Beds | $2,670 | $2,495 | $2,475 – $3,190 | $1 / $1 | 2,866 / 2,674 | 20 / 1 | 3 | 6 |
6-Month Sales Trend
Dec 2025
Median Price:$355,000Median DOM:62New:58Total:289
Jan 2026
Median Price:$359,000Median DOM:55New:90Total:271
Feb 2026
Median Price:$350,000Median DOM:31New:102Total:290
Mar 2026
Median Price:$358,000Median DOM:25New:108Total:293
Apr 2026
Median Price:$359,990Median DOM:22New:120Total:325
May 2026
Median Price:$359,500Median DOM:26New:64Total:336
6-Month Rental Trend
Dec 2025
Median Rent:$1,561Median DOM:1New:454Total:655
Jan 2026
Median Rent:$1,550Median DOM:1New:481Total:709
Feb 2026
Median Rent:$1,600Median DOM:1New:494Total:746
Mar 2026
Median Rent:$1,575Median DOM:1New:592Total:820
Apr 2026
Median Rent:$1,569Median DOM:1New:583Total:869
May 2026
Median Rent:$1,589Median DOM:1New:372Total:844
Key Market Takeaways
Median sale prices softened 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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