ZIP 27606 Housing Market Report
Raleigh Metro
Report period: May 2026
27606 Monthly Market Update – May 2026
ZIP 27606 · Last updated May 10, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$419,000
0.0%
Median DOM (Sales)
35
+12.9%
New Listings (Sales)
19
−70.8%
Median Rent
$1,423
−0.1%
Median DOM (Rental)
1
0.0%
Total Rental Listings
997
−3.9%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Land (13 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($975,000 median)
Sales Market Overview
Median Price
$419,000
0.0%
Median DOM
35
+12.9%
New Listings
19
−70.8%
Inventory
217
+0.9%
- Average Price: $590,233
- Median Price: $419,000
- Price Range: $119,000 – $5,750,000
- Price per Sq Ft (Avg/Median): $259 / $241
- Square Footage (Avg/Median): 2,077 / 1,731
- Square Footage Range: 658 – 7,507
- Days on Market (Avg/Median): 56 / 35
- Days on Market Range: 2 – 351
- New Listings: 19
- Total Listings: 217
Sales by Property Type
Condo
Avg/Median Price$245,283 / $260,000Range$119,000 – $399,000Price per Sq Ft$231 / $213Sq Ft1,072 / 1,071DOM68 / 53New0Total30
Land
Avg/Median Price$889,187 / $433,000Range$180,000 – $5,750,000Price per Sq Ft—Sq Ft—DOM62 / 13New1Total16
Multi-Family
Avg/Median Price$356,000 / $356,000Range$356,000 – $356,000Price per Sq Ft$261 / $261Sq Ft1,363 / 1,363DOM55 / 55New0Total1
Single Family
Avg/Median Price$863,961 / $675,000Range$319,000 – $4,500,000Price per Sq Ft$302 / $281Sq Ft2,813 / 2,580DOM52 / 24New7Total90
Townhouse
Avg/Median Price$354,782 / $334,900Range$172,000 – $645,000Price per Sq Ft$221 / $221Sq Ft1,634 / 1,494DOM55 / 35New11Total80
Sales by Bedroom Count
1 Beds
Avg:$119,000Median:$119,000Range:$119,000 – $119,000PSF:$180 / $180Sq Ft:661 / 661DOM:25 / 25New:0Total:1
2 Beds
Avg:$281,499Median:$295,000Range:$140,000 – $535,000PSF:$240 / $226Sq Ft:1,190 / 1,190DOM:58 / 44New:5Total:51
3 Beds
Avg:$494,092Median:$425,000Range:$189,500 – $2,450,000PSF:$260 / $245Sq Ft:1,879 / 1,757DOM:50 / 27New:7Total:78
4 Beds
Avg:$836,562Median:$660,000Range:$260,000 – $4,500,000PSF:$272 / $250Sq Ft:2,829 / 2,570DOM:62 / 35New:5Total:58
5 Beds
Avg:$1,007,123Median:$975,000Range:$598,900 – $1,575,000PSF:$285 / $274Sq Ft:3,532 / 3,431DOM:69 / 44New:1Total:11
6 Beds
Avg:$645,000Median:$645,000Range:$645,000 – $645,000PSF:$157 / $157Sq Ft:4,117 / 4,117DOM:16 / 16New:0Total:1
8 Beds
Avg:$595,000Median:$595,000Range:$595,000 – $595,000PSF:$237 / $237Sq Ft:2,509 / 2,509DOM:67 / 67New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $119,000 | $119,000 | $119,000 – $119,000 | $180 / $180 | 661 / 661 | 25 / 25 | 0 | 1 |
| 2 Beds | $281,499 | $295,000 | $140,000 – $535,000 | $240 / $226 | 1,190 / 1,190 | 58 / 44 | 5 | 51 |
| 3 Beds | $494,092 | $425,000 | $189,500 – $2,450,000 | $260 / $245 | 1,879 / 1,757 | 50 / 27 | 7 | 78 |
| 4 Beds | $836,562 | $660,000 | $260,000 – $4,500,000 | $272 / $250 | 2,829 / 2,570 | 62 / 35 | 5 | 58 |
| 5 Beds | $1,007,123 | $975,000 | $598,900 – $1,575,000 | $285 / $274 | 3,532 / 3,431 | 69 / 44 | 1 | 11 |
| 6 Beds | $645,000 | $645,000 | $645,000 – $645,000 | $157 / $157 | 4,117 / 4,117 | 16 / 16 | 0 | 1 |
| 8 Beds | $595,000 | $595,000 | $595,000 – $595,000 | $237 / $237 | 2,509 / 2,509 | 67 / 67 | 0 | 1 |
Rental Market Overview
Median Rent
$1,423
−0.1%
Median DOM
1
0.0%
New Listings
409
Inventory
997
−3.9%
- Average Rent: $1,504
- Median Rent: $1,423
- Rent Range: $475 – $6,250
- Rent per Sq Ft (Avg/Median): $2 / $1
- Square Footage (Avg/Median): 1,013 / 985
- Square Footage Range: 250 – 2,666
- Days on Market (Avg/Median): 19 / 1
- Days on Market Range: 1 – 362
- New Listings: 409
- Total Listings: 997
Rentals by Property Type
Apartment
$1,395
Median DOM: 1
Inventory: 803
MoM: −0.1%
Condo
$1,250
Median DOM: 34
Inventory: 52
MoM: −0.1%
Single Family
$1,850
Median DOM: 1
Inventory: 62
MoM: −0.1%
Townhouse
$1,750
Median DOM: 36
Inventory: 68
MoM: −0.1%
Apartment
Avg/Median Rent$1,447 / $1,395Range$600 – $3,600Rent per Sq Ft$2 / $2Sq Ft947 / 900DOM11 / 1New368Total803
Condo
Avg/Median Rent$1,296 / $1,250Range$475 – $2,400Rent per Sq Ft$1 / $1Sq Ft1,083 / 1,116DOM66 / 34New12Total52
Multi-Family
Avg/Median Rent$1,369 / $1,295Range$885 – $1,827Rent per Sq Ft$1 / $1Sq Ft1,022 / 994DOM115 / 39New0Total12
Single Family
Avg/Median Rent$1,976 / $1,850Range$595 – $6,250Rent per Sq Ft$1 / $1Sq Ft1,420 / 1,250DOM11 / 1New19Total62
Townhouse
Avg/Median Rent$1,936 / $1,750Range$1,250 – $3,850Rent per Sq Ft$1 / $1Sq Ft1,438 / 1,300DOM63 / 36New10Total68
Rentals by Bedroom Count
Studio
Avg:$1,128Median:$963Range:$635 – $2,600PSF:$2 / $2Sq Ft:634 / 500DOM:10 / 1New:6Total:11
1 Beds
Avg:$1,244Median:$1,226Range:$550 – $2,421PSF:$2 / $2Sq Ft:752 / 750DOM:9 / 1New:183Total:361
2 Beds
Avg:$1,505Median:$1,450Range:$995 – $2,450PSF:$1 / $1Sq Ft:1,064 / 1,065DOM:18 / 1New:168Total:444
3 Beds
Avg:$1,941Median:$1,850Range:$700 – $3,292PSF:$1 / $1Sq Ft:1,425 / 1,311DOM:29 / 1New:46Total:146
4 Beds
Avg:$2,189Median:$2,230Range:$475 – $3,850PSF:$2 / $2Sq Ft:1,467 / 1,432DOM:86 / 42New:6Total:31
5 Beds
Avg:$4,649Median:$4,750Range:$2,595 – $6,250PSF:$3 / $4Sq Ft:1,808 / 1,770DOM:20 / 12New:0Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,128 | $963 | $635 – $2,600 | $2 / $2 | 634 / 500 | 10 / 1 | 6 | 11 |
| 1 Beds | $1,244 | $1,226 | $550 – $2,421 | $2 / $2 | 752 / 750 | 9 / 1 | 183 | 361 |
| 2 Beds | $1,505 | $1,450 | $995 – $2,450 | $1 / $1 | 1,064 / 1,065 | 18 / 1 | 168 | 444 |
| 3 Beds | $1,941 | $1,850 | $700 – $3,292 | $1 / $1 | 1,425 / 1,311 | 29 / 1 | 46 | 146 |
| 4 Beds | $2,189 | $2,230 | $475 – $3,850 | $2 / $2 | 1,467 / 1,432 | 86 / 42 | 6 | 31 |
| 5 Beds | $4,649 | $4,750 | $2,595 – $6,250 | $3 / $4 | 1,808 / 1,770 | 20 / 12 | 0 | 4 |
6-Month Sales Trend
Dec 2025
Median Price:$455,000Median DOM:82New:25Total:157
Jan 2026
Median Price:$439,950Median DOM:64New:47Total:157
Feb 2026
Median Price:$424,000Median DOM:45New:45Total:170
Mar 2026
Median Price:$400,000Median DOM:25New:67Total:183
Apr 2026
Median Price:$419,000Median DOM:31New:65Total:215
May 2026
Median Price:$419,000Median DOM:35New:19Total:217
6-Month Rental Trend
Dec 2025
Median Rent:$1,399Median DOM:1New:598Total:935
Jan 2026
Median Rent:$1,398Median DOM:1New:643Total:980
Feb 2026
Median Rent:$1,399Median DOM:1New:657Total:997
Mar 2026
Median Rent:$1,393Median DOM:1New:670Total:1,020
Apr 2026
Median Rent:$1,425Median DOM:1New:658Total:1,037
May 2026
Median Rent:$1,423Median DOM:1New:409Total:997
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing eased, 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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