ZIP 27605 Housing Market Report
Raleigh Metro
Report period: May 2026
27605 Monthly Market Update – May 2026
ZIP 27605 · Last updated May 10, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$369,900
−1.4%
Median DOM (Sales)
51
+13.3%
New Listings (Sales)
7
−53.3%
Median Rent
$1,729
+1.2%
Median DOM (Rental)
1
0.0%
Total Rental Listings
457
−4.0%
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 (10 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($2,900,000 median)
Sales Market Overview
Median Price
$369,900
−1.4%
Median DOM
51
+13.3%
New Listings
7
−53.3%
Inventory
66
+4.8%
- Average Price: $714,132
- Median Price: $369,900
- Price Range: $200,000 – $2,945,000
- Price per Sq Ft (Avg/Median): $414 / $399
- Square Footage (Avg/Median): 1,650 / 1,019
- Square Footage Range: 488 – 6,255
- Days on Market (Avg/Median): 62 / 51
- Days on Market Range: 2 – 234
- New Listings: 7
- Total Listings: 66
Sales by Property Type
Condo
Avg/Median Price$427,976 / $350,000Range$200,000 – $1,590,000Price per Sq Ft$399 / $375Sq Ft1,051 / 972DOM73 / 68New6Total45
Land
Avg/Median Price$675,000 / $675,000Range$675,000 – $675,000Price per Sq Ft—Sq Ft—DOM12 / 12New0Total1
Multi-Family
Avg/Median Price$1,249,950 / $1,249,950Range$1,249,950 – $1,249,950Price per Sq Ft$479 / $479Sq Ft2,610 / 2,610DOM156 / 156New0Total1
Single Family
Avg/Median Price$1,576,825 / $1,395,000Range$650,000 – $2,945,000Price per Sq Ft$470 / $471Sq Ft3,358 / 3,444DOM39 / 36New1Total15
Townhouse
Avg/Median Price$574,125 / $347,500Range$335,000 – $1,265,000Price per Sq Ft$354 / $341Sq Ft1,594 / 1,008DOM18 / 10New0Total4
Sales by Bedroom Count
1 Beds
Avg:$290,262Median:$275,000Range:$200,000 – $600,000PSF:$400 / $404Sq Ft:732 / 742DOM:72 / 75New:3Total:16
2 Beds
Avg:$396,597Median:$359,000Range:$300,000 – $650,000PSF:$384 / $352Sq Ft:1,034 / 1,010DOM:63 / 38New:4Total:29
3 Beds
Avg:$1,156,826Median:$1,145,000Range:$759,000 – $1,590,000PSF:$489 / $420Sq Ft:2,402 / 2,280DOM:62 / 36New:0Total:7
4 Beds
Avg:$1,408,571Median:$1,395,000Range:$865,000 – $1,850,000PSF:$445 / $454Sq Ft:3,143 / 3,331DOM:29 / 31New:0Total:7
5 Beds
Avg:$2,355,000Median:$2,125,000Range:$1,995,000 – $2,945,000PSF:$470 / $471Sq Ft:5,010 / 4,429DOM:34 / 39New:0Total:3
6 Beds
Avg:$1,194,725Median:$1,139,500Range:$1,139,500 – $1,249,950PSF:$405 / $331Sq Ft:3,027 / 2,610DOM:162 / 156New:0Total:2
7 Beds
Avg:$2,900,000Median:$2,900,000Range:$2,900,000 – $2,900,000PSF:$611 / $611Sq Ft:4,750 / 4,750DOM:58 / 58New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $290,262 | $275,000 | $200,000 – $600,000 | $400 / $404 | 732 / 742 | 72 / 75 | 3 | 16 |
| 2 Beds | $396,597 | $359,000 | $300,000 – $650,000 | $384 / $352 | 1,034 / 1,010 | 63 / 38 | 4 | 29 |
| 3 Beds | $1,156,826 | $1,145,000 | $759,000 – $1,590,000 | $489 / $420 | 2,402 / 2,280 | 62 / 36 | 0 | 7 |
| 4 Beds | $1,408,571 | $1,395,000 | $865,000 – $1,850,000 | $445 / $454 | 3,143 / 3,331 | 29 / 31 | 0 | 7 |
| 5 Beds | $2,355,000 | $2,125,000 | $1,995,000 – $2,945,000 | $470 / $471 | 5,010 / 4,429 | 34 / 39 | 0 | 3 |
| 6 Beds | $1,194,725 | $1,139,500 | $1,139,500 – $1,249,950 | $405 / $331 | 3,027 / 2,610 | 162 / 156 | 0 | 2 |
| 7 Beds | $2,900,000 | $2,900,000 | $2,900,000 – $2,900,000 | $611 / $611 | 4,750 / 4,750 | 58 / 58 | 0 | 1 |
Rental Market Overview
Median Rent
$1,729
+1.2%
Median DOM
1
0.0%
New Listings
245
Inventory
457
−4.0%
- Average Rent: $1,777
- Median Rent: $1,729
- Rent Range: $800 – $5,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 846 / 780
- Square Footage Range: 252 – 3,001
- Days on Market (Avg/Median): 6 / 1
- Days on Market Range: 1 – 222
- New Listings: 245
- Total Listings: 457
Rentals by Property Type
Apartment
$1,739
Median DOM: 1
Inventory: 418
MoM: +1.2%
Condo
$1,650
Median DOM: 19
Inventory: 28
MoM: +1.2%
Single Family
$1,695
Median DOM: 1
Inventory: 8
MoM: +1.2%
Townhouse
$1,600
Median DOM: 1
Inventory: 1
MoM: +1.2%
Apartment
Avg/Median Rent$1,765 / $1,739Range$900 – $4,010Rent per Sq Ft$2 / $2Sq Ft830 / 757DOM3 / 1New229Total418
Condo
Avg/Median Rent$1,803 / $1,650Range$1,195 – $4,650Rent per Sq Ft$2 / $2Sq Ft924 / 919DOM40 / 19New9Total28
Multi-Family
Avg/Median Rent$1,750 / $1,600Range$1,600 – $1,900Rent per Sq Ft$2 / $2Sq Ft725 / 700DOM81 / 34New0Total2
Single Family
Avg/Median Rent$2,365 / $1,695Range$800 – $5,500Rent per Sq Ft$2 / $1Sq Ft1,466 / 1,000DOM3 / 1New6Total8
Townhouse
Avg/Median Rent$1,600 / $1,600Range$1,600 – $1,600Rent per Sq Ft$2 / $2Sq Ft1,000 / 1,000DOM1 / 1New1Total1
Rentals by Bedroom Count
Studio
Avg:$1,374Median:$1,386Range:$950 – $1,707PSF:$3 / $3Sq Ft:559 / 537DOM:1 / 1New:34Total:50
1 Beds
Avg:$1,626Median:$1,689Range:$800 – $2,283PSF:$2 / $2Sq Ft:751 / 741DOM:6 / 1New:139Total:273
2 Beds
Avg:$2,180Median:$2,081Range:$1,199 – $4,010PSF:$2 / $2Sq Ft:1,109 / 1,097DOM:6 / 1New:69Total:128
3 Beds
Avg:$1,931Median:$1,699Range:$1,645 – $2,450PSF:$1 / $1Sq Ft:1,353 / 1,440DOM:17 / 19New:1Total:3
4 Beds
Avg:$4,525Median:$4,400Range:$4,400 – $4,650PSF:$2 / $1Sq Ft:2,740 / 2,480DOM:7 / 7New:1Total:2
5 Beds
Avg:$5,500Median:$5,500Range:$5,500 – $5,500PSF:$2 / $2Sq Ft:2,300 / 2,300DOM:9 / 9New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,374 | $1,386 | $950 – $1,707 | $3 / $3 | 559 / 537 | 1 / 1 | 34 | 50 |
| 1 Beds | $1,626 | $1,689 | $800 – $2,283 | $2 / $2 | 751 / 741 | 6 / 1 | 139 | 273 |
| 2 Beds | $2,180 | $2,081 | $1,199 – $4,010 | $2 / $2 | 1,109 / 1,097 | 6 / 1 | 69 | 128 |
| 3 Beds | $1,931 | $1,699 | $1,645 – $2,450 | $1 / $1 | 1,353 / 1,440 | 17 / 19 | 1 | 3 |
| 4 Beds | $4,525 | $4,400 | $4,400 – $4,650 | $2 / $1 | 2,740 / 2,480 | 7 / 7 | 1 | 2 |
| 5 Beds | $5,500 | $5,500 | $5,500 – $5,500 | $2 / $2 | 2,300 / 2,300 | 9 / 9 | 1 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$389,000Median DOM:101New:3Total:51
Jan 2026
Median Price:$425,000Median DOM:68New:18Total:54
Feb 2026
Median Price:$389,000Median DOM:45New:10Total:54
Mar 2026
Median Price:$375,000Median DOM:49New:19Total:61
Apr 2026
Median Price:$375,000Median DOM:45New:15Total:63
May 2026
Median Price:$369,900Median DOM:51New:7Total:66
6-Month Rental Trend
Dec 2025
Median Rent:$1,759Median DOM:1New:360Total:447
Jan 2026
Median Rent:$1,759Median DOM:1New:360Total:437
Feb 2026
Median Rent:$1,809Median DOM:1New:357Total:443
Mar 2026
Median Rent:$1,739Median DOM:1New:371Total:448
Apr 2026
Median Rent:$1,709Median DOM:1New:378Total:476
May 2026
Median Rent:$1,729Median DOM:1New:245Total:457
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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