ZIP 27608 Housing Market Report
Raleigh Metro
Report period: May 2026
27608 Monthly Market Update – May 2026
ZIP 27608 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$999,000
0.0%
Median DOM (Sales)
52
+15.6%
New Listings (Sales)
8
−55.6%
Median Rent
$1,819
+0.6%
Median DOM (Rental)
1
0.0%
Total Rental Listings
171
0.0%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents moved higher.
What's Moving Fastest
- Fastest selling: Single Family (25 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($2,425,000 median)
Sales Market Overview
Median Price
$999,000
0.0%
Median DOM
52
+15.6%
New Listings
8
−55.6%
Inventory
131
+4.0%
- Average Price: $1,273,799
- Median Price: $999,000
- Price Range: $295,000 – $3,295,000
- Price per Sq Ft (Avg/Median): $483 / $471
- Square Footage (Avg/Median): 2,663 / 2,292
- Square Footage Range: 644 – 7,502
- Days on Market (Avg/Median): 65 / 52
- Days on Market Range: 1 – 340
- New Listings: 8
- Total Listings: 131
Sales by Property Type
Condo
Avg/Median Price$1,179,610 / $879,900Range$295,000 – $3,295,000Price per Sq Ft$571 / $466Sq Ft2,012 / 1,953DOM76 / 67New5Total21
Land
Avg/Median Price$982,500 / $895,000Range$315,000 – $1,800,000Price per Sq Ft—Sq Ft—DOM104 / 112New0Total10
Single Family
Avg/Median Price$1,529,662 / $1,289,750Range$340,000 – $3,250,000Price per Sq Ft$481 / $469Sq Ft3,215 / 2,830DOM44 / 25New3Total64
Townhouse
Avg/Median Price$954,792 / $945,000Range$300,000 – $3,295,000Price per Sq Ft$436 / $471Sq Ft2,062 / 2,088DOM85 / 69New0Total36
Sales by Bedroom Count
1 Beds
Avg:$300,000Median:$300,000Range:$300,000 – $300,000PSF:$326 / $326Sq Ft:921 / 921DOM:124 / 124New:0Total:1
2 Beds
Avg:$676,768Median:$475,000Range:$295,000 – $2,295,000PSF:$485 / $391Sq Ft:1,354 / 1,053DOM:39 / 21New:4Total:22
3 Beds
Avg:$1,055,742Median:$945,000Range:$400,000 – $3,295,000PSF:$498 / $478Sq Ft:2,059 / 1,963DOM:75 / 67New:1Total:48
4 Beds
Avg:$1,675,611Median:$1,735,000Range:$750,000 – $3,250,000PSF:$483 / $479Sq Ft:3,407 / 3,125DOM:64 / 49New:2Total:33
5 Beds
Avg:$2,111,267Median:$2,425,000Range:$1,275,000 – $3,150,000PSF:$454 / $466Sq Ft:4,698 / 4,615DOM:38 / 18New:1Total:15
6 Beds
Avg:$2,107,000Median:$1,719,000Range:$1,719,000 – $2,495,000PSF:$433 / $420Sq Ft:4,896 / 3,848DOM:83 / 49New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $300,000 | $300,000 | $300,000 – $300,000 | $326 / $326 | 921 / 921 | 124 / 124 | 0 | 1 |
| 2 Beds | $676,768 | $475,000 | $295,000 – $2,295,000 | $485 / $391 | 1,354 / 1,053 | 39 / 21 | 4 | 22 |
| 3 Beds | $1,055,742 | $945,000 | $400,000 – $3,295,000 | $498 / $478 | 2,059 / 1,963 | 75 / 67 | 1 | 48 |
| 4 Beds | $1,675,611 | $1,735,000 | $750,000 – $3,250,000 | $483 / $479 | 3,407 / 3,125 | 64 / 49 | 2 | 33 |
| 5 Beds | $2,111,267 | $2,425,000 | $1,275,000 – $3,150,000 | $454 / $466 | 4,698 / 4,615 | 38 / 18 | 1 | 15 |
| 6 Beds | $2,107,000 | $1,719,000 | $1,719,000 – $2,495,000 | $433 / $420 | 4,896 / 3,848 | 83 / 49 | 0 | 2 |
Rental Market Overview
Median Rent
$1,819
+0.6%
Median DOM
1
0.0%
New Listings
99
Inventory
171
0.0%
- Average Rent: $2,035
- Median Rent: $1,819
- Rent Range: $1,350 – $6,195
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 998 / 900
- Square Footage Range: 540 – 3,197
- Days on Market (Avg/Median): 9 / 1
- Days on Market Range: 1 – 181
- New Listings: 99
- Total Listings: 171
Rentals by Property Type
Apartment
$1,806
Median DOM: 1
Inventory: 139
MoM: +0.6%
Condo
$3,800
Median DOM: 21
Inventory: 1
MoM: +0.6%
Single Family
$2,300
Median DOM: 1
Inventory: 17
MoM: +0.6%
Townhouse
$2,000
Median DOM: 11
Inventory: 9
MoM: +0.6%
Apartment
Avg/Median Rent$1,945 / $1,806Range$1,350 – $4,484Rent per Sq Ft$2 / $2Sq Ft911 / 888DOM3 / 1New94Total139
Condo
Avg/Median Rent$3,800 / $3,800Range$3,800 – $3,800Rent per Sq Ft$2 / $2Sq Ft1,766 / 1,766DOM21 / 21New0Total1
Multi-Family
Avg/Median Rent$1,430 / $1,385Range$1,385 – $1,595Rent per Sq Ft$2 / $2Sq Ft790 / 730DOM73 / 35New0Total5
Single Family
Avg/Median Rent$2,660 / $2,300Range$1,375 – $6,195Rent per Sq Ft$2 / $2Sq Ft1,555 / 1,450DOM31 / 1New2Total17
Townhouse
Avg/Median Rent$2,387 / $2,000Range$1,550 – $3,750Rent per Sq Ft$2 / $2Sq Ft1,382 / 1,183DOM27 / 11New3Total9
Rentals by Bedroom Count
Studio
Avg:$1,683Median:$1,562Range:$1,395 – $2,950PSF:$3 / $3Sq Ft:666 / 540DOM:3 / 1New:7Total:9
1 Beds
Avg:$1,676Median:$1,648Range:$1,400 – $1,983PSF:$2 / $2Sq Ft:763 / 721DOM:2 / 1New:47Total:74
2 Beds
Avg:$2,147Median:$2,160Range:$1,350 – $4,800PSF:$2 / $2Sq Ft:1,095 / 1,051DOM:16 / 1New:43Total:69
3 Beds
Avg:$2,995Median:$3,290Range:$1,450 – $4,484PSF:$2 / $2Sq Ft:1,535 / 1,540DOM:9 / 1New:1Total:15
4 Beds
Avg:$3,935Median:$3,500Range:$2,295 – $6,195PSF:$2 / $1Sq Ft:2,549 / 2,122DOM:25 / 1New:1Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,683 | $1,562 | $1,395 – $2,950 | $3 / $3 | 666 / 540 | 3 / 1 | 7 | 9 |
| 1 Beds | $1,676 | $1,648 | $1,400 – $1,983 | $2 / $2 | 763 / 721 | 2 / 1 | 47 | 74 |
| 2 Beds | $2,147 | $2,160 | $1,350 – $4,800 | $2 / $2 | 1,095 / 1,051 | 16 / 1 | 43 | 69 |
| 3 Beds | $2,995 | $3,290 | $1,450 – $4,484 | $2 / $2 | 1,535 / 1,540 | 9 / 1 | 1 | 15 |
| 4 Beds | $3,935 | $3,500 | $2,295 – $6,195 | $2 / $1 | 2,549 / 2,122 | 25 / 1 | 1 | 4 |
6-Month Sales Trend
Dec 2025
Median Price:$1,149,500Median DOM:76New:9Total:100
Jan 2026
Median Price:$1,095,000Median DOM:67New:29Total:96
Feb 2026
Median Price:$1,125,000Median DOM:55New:28Total:107
Mar 2026
Median Price:$1,125,000Median DOM:32New:50Total:140
Apr 2026
Median Price:$999,000Median DOM:45New:18Total:126
May 2026
Median Price:$999,000Median DOM:52New:8Total:131
6-Month Rental Trend
Dec 2025
Median Rent:$1,843Median DOM:1New:132Total:168
Jan 2026
Median Rent:$1,839Median DOM:1New:131Total:164
Feb 2026
Median Rent:$1,810Median DOM:1New:136Total:166
Mar 2026
Median Rent:$1,806Median DOM:1New:141Total:174
Apr 2026
Median Rent:$1,809Median DOM:1New:136Total:171
May 2026
Median Rent:$1,819Median DOM:1New:99Total:171
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 was flat.
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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