ZIP 27609 Housing Market Report
Raleigh Metro
Report period: May 2026
27609 Monthly Market Update – May 2026
ZIP 27609 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$699,000
+3.6%
Median DOM (Sales)
34
−2.9%
New Listings (Sales)
19
−70.8%
Median Rent
$1,578
+0.2%
Median DOM (Rental)
1
0.0%
Total Rental Listings
1,215
−6.5%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (31 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($3,200,000 median)
Sales Market Overview
Median Price
$699,000
+3.6%
Median DOM
34
−2.9%
New Listings
19
−70.8%
Inventory
230
+1.8%
- Average Price: $1,324,295
- Median Price: $699,000
- Price Range: $157,799 – $6,995,000
- Price per Sq Ft (Avg/Median): $361 / $312
- Square Footage (Avg/Median): 2,966 / 2,354
- Square Footage Range: 877 – 10,224
- Days on Market (Avg/Median): 63 / 34
- Days on Market Range: 2 – 357
- New Listings: 19
- Total Listings: 230
Sales by Property Type
Condo
Avg/Median Price$260,340 / $224,900Range$157,799 – $499,000Price per Sq Ft$219 / $187Sq Ft1,187 / 1,153DOM78 / 56New0Total27
Land
Avg/Median Price$924,800 / $895,000Range$514,500 – $1,450,000Price per Sq Ft—Sq Ft—DOM92 / 59New1Total5
Single Family
Avg/Median Price$1,885,085 / $1,200,000Range$309,500 – $6,995,000Price per Sq Ft$440 / $397Sq Ft3,763 / 3,307DOM62 / 31New14Total145
Townhouse
Avg/Median Price$369,760 / $318,000Range$185,000 – $750,000Price per Sq Ft$217 / $209Sq Ft1,690 / 1,562DOM54 / 32New4Total53
Sales by Bedroom Count
Studio
Avg:$295,000Median:$295,000Range:$295,000 – $295,000PSF:$202 / $202Sq Ft:1,461 / 1,461DOM:11 / 11New:0Total:1
1 Beds
Avg:$170,000Median:$170,000Range:$170,000 – $170,000PSF:$167 / $167Sq Ft:1,018 / 1,018DOM:115 / 115New:0Total:1
2 Beds
Avg:$270,992Median:$275,000Range:$157,799 – $499,000PSF:$221 / $211Sq Ft:1,234 / 1,224DOM:78 / 46New:1Total:39
3 Beds
Avg:$560,294Median:$475,000Range:$165,000 – $2,599,000PSF:$282 / $274Sq Ft:1,894 / 1,823DOM:45 / 20New:7Total:67
4 Beds
Avg:$1,178,967Median:$750,000Range:$425,000 – $5,500,000PSF:$350 / $321Sq Ft:3,064 / 2,691DOM:48 / 34New:6Total:55
5 Beds
Avg:$2,910,251Median:$2,699,000Range:$649,900 – $6,995,000PSF:$551 / $532Sq Ft:5,002 / 5,000DOM:86 / 59New:4Total:53
6 Beds
Avg:$3,589,328Median:$3,200,000Range:$699,000 – $6,700,000PSF:$541 / $515Sq Ft:6,236 / 5,537DOM:69 / 54New:0Total:9
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $295,000 | $295,000 | $295,000 – $295,000 | $202 / $202 | 1,461 / 1,461 | 11 / 11 | 0 | 1 |
| 1 Beds | $170,000 | $170,000 | $170,000 – $170,000 | $167 / $167 | 1,018 / 1,018 | 115 / 115 | 0 | 1 |
| 2 Beds | $270,992 | $275,000 | $157,799 – $499,000 | $221 / $211 | 1,234 / 1,224 | 78 / 46 | 1 | 39 |
| 3 Beds | $560,294 | $475,000 | $165,000 – $2,599,000 | $282 / $274 | 1,894 / 1,823 | 45 / 20 | 7 | 67 |
| 4 Beds | $1,178,967 | $750,000 | $425,000 – $5,500,000 | $350 / $321 | 3,064 / 2,691 | 48 / 34 | 6 | 55 |
| 5 Beds | $2,910,251 | $2,699,000 | $649,900 – $6,995,000 | $551 / $532 | 5,002 / 5,000 | 86 / 59 | 4 | 53 |
| 6 Beds | $3,589,328 | $3,200,000 | $699,000 – $6,700,000 | $541 / $515 | 6,236 / 5,537 | 69 / 54 | 0 | 9 |
Rental Market Overview
Median Rent
$1,578
+0.2%
Median DOM
1
0.0%
New Listings
621
Inventory
1,215
−6.5%
- Average Rent: $1,764
- Median Rent: $1,578
- Rent Range: $800 – $9,203
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 923 / 858
- Square Footage Range: 300 – 2,871
- Days on Market (Avg/Median): 5 / 1
- Days on Market Range: 1 – 362
- New Listings: 621
- Total Listings: 1,215
Rentals by Property Type
Apartment
$1,540
Median DOM: 1
Inventory: 1,134
MoM: +0.2%
Condo
$1,475
Median DOM: 29
Inventory: 7
MoM: +0.2%
Single Family
$2,600
Median DOM: 8
Inventory: 42
MoM: +0.2%
Townhouse
$1,720
Median DOM: 5
Inventory: 32
MoM: +0.2%
Apartment
Avg/Median Rent$1,725 / $1,540Range$829 – $9,203Rent per Sq Ft$2 / $2Sq Ft878 / 824DOM3 / 1New605Total1,134
Condo
Avg/Median Rent$1,504 / $1,475Range$800 – $2,000Rent per Sq Ft$1 / $1Sq Ft1,122 / 1,045DOM92 / 29New0Total7
Single Family
Avg/Median Rent$2,814 / $2,600Range$1,650 – $5,800Rent per Sq Ft$2 / $1Sq Ft1,840 / 1,879DOM27 / 8New8Total42
Townhouse
Avg/Median Rent$1,837 / $1,720Range$1,269 – $3,095Rent per Sq Ft$1 / $1Sq Ft1,404 / 1,289DOM31 / 5New8Total32
Rentals by Bedroom Count
Studio
Avg:$1,437Median:$1,368Range:$829 – $2,950PSF:$2 / $2Sq Ft:590 / 563DOM:7 / 1New:88Total:166
1 Beds
Avg:$1,608Median:$1,518Range:$800 – $3,980PSF:$2 / $2Sq Ft:762 / 755DOM:2 / 1New:256Total:481
2 Beds
Avg:$1,887Median:$1,620Range:$1,001 – $9,040PSF:$2 / $1Sq Ft:1,083 / 1,075DOM:4 / 1New:239Total:463
3 Beds
Avg:$2,312Median:$1,886Range:$1,395 – $9,203PSF:$2 / $2Sq Ft:1,384 / 1,289DOM:16 / 1New:36Total:89
4 Beds
Avg:$3,118Median:$2,995Range:$2,000 – $4,500PSF:$1 / $1Sq Ft:2,155 / 2,012DOM:36 / 2New:2Total:13
5 Beds
Avg:$3,907Median:$3,975Range:$3,750 – $3,995PSF:$2 / $2Sq Ft:2,404 / 2,351DOM:30 / 35New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,437 | $1,368 | $829 – $2,950 | $2 / $2 | 590 / 563 | 7 / 1 | 88 | 166 |
| 1 Beds | $1,608 | $1,518 | $800 – $3,980 | $2 / $2 | 762 / 755 | 2 / 1 | 256 | 481 |
| 2 Beds | $1,887 | $1,620 | $1,001 – $9,040 | $2 / $1 | 1,083 / 1,075 | 4 / 1 | 239 | 463 |
| 3 Beds | $2,312 | $1,886 | $1,395 – $9,203 | $2 / $2 | 1,384 / 1,289 | 16 / 1 | 36 | 89 |
| 4 Beds | $3,118 | $2,995 | $2,000 – $4,500 | $1 / $1 | 2,155 / 2,012 | 36 / 2 | 2 | 13 |
| 5 Beds | $3,907 | $3,975 | $3,750 – $3,995 | $2 / $2 | 2,404 / 2,351 | 30 / 35 | 0 | 3 |
6-Month Sales Trend
Dec 2025
Median Price:$699,900Median DOM:80New:21Total:197
Jan 2026
Median Price:$699,900Median DOM:74New:46Total:183
Feb 2026
Median Price:$725,000Median DOM:51New:34Total:180
Mar 2026
Median Price:$725,000Median DOM:41New:62Total:202
Apr 2026
Median Price:$675,000Median DOM:35New:65Total:226
May 2026
Median Price:$699,000Median DOM:34New:19Total:230
6-Month Rental Trend
Dec 2025
Median Rent:$1,514Median DOM:1New:1,060Total:1,382
Jan 2026
Median Rent:$1,550Median DOM:1New:990Total:1,351
Feb 2026
Median Rent:$1,570Median DOM:1New:1,016Total:1,302
Mar 2026
Median Rent:$1,558Median DOM:1New:1,011Total:1,305
Apr 2026
Median Rent:$1,575Median DOM:1New:977Total:1,299
May 2026
Median Rent:$1,578Median DOM:1New:621Total:1,215
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving 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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