ZIP 27612 Housing Market Report
Raleigh Metro
Report period: May 2026
27612 Monthly Market Update – May 2026
ZIP 27612 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$575,500
−1.6%
Median DOM (Sales)
26
−21.2%
New Listings (Sales)
30
−51.6%
Median Rent
$1,471
+0.4%
Median DOM (Rental)
1
0.0%
Total Rental Listings
1,221
−2.2%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (18 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($1,325,000 median)
Sales Market Overview
Median Price
$575,500
−1.6%
Median DOM
26
−21.2%
New Listings
30
−51.6%
Inventory
215
+6.4%
- Average Price: $741,832
- Median Price: $575,500
- Price Range: $205,000 – $7,500,000
- Price per Sq Ft (Avg/Median): $275 / $254
- Square Footage (Avg/Median): 2,490 / 2,202
- Square Footage Range: 571 – 7,235
- Days on Market (Avg/Median): 50 / 26
- Days on Market Range: 2 – 349
- New Listings: 30
- Total Listings: 215
Sales by Property Type
Condo
Avg/Median Price$319,004 / $250,000Range$205,000 – $624,900Price per Sq Ft$267 / $247Sq Ft1,209 / 1,189DOM69 / 45New1Total23
Land
Avg/Median Price$775,125 / $575,500Range$350,000 – $1,200,000Price per Sq Ft—Sq Ft—DOM54 / 49New0Total4
Multi-Family
Avg/Median Price$733,700 / $567,500Range$567,500 – $899,900Price per Sq Ft$247 / $241Sq Ft2,986 / 2,234DOM68 / 53New0Total2
Single Family
Avg/Median Price$1,051,243 / $725,000Range$355,000 – $7,500,000Price per Sq Ft$321 / $296Sq Ft3,064 / 2,642DOM37 / 18New16Total105
Townhouse
Avg/Median Price$459,363 / $410,000Range$225,000 – $1,225,000Price per Sq Ft$217 / $212Sq Ft2,098 / 2,024DOM60 / 33New13Total81
Sales by Bedroom Count
Studio
Avg:$309,950Median:$280,000Range:$280,000 – $339,900PSF:$208 / $195Sq Ft:1,484 / 1,437DOM:8 / 5New:2Total:2
1 Beds
Avg:$227,450Median:$224,900Range:$224,900 – $230,000PSF:$397 / $390Sq Ft:574 / 571DOM:98 / 33New:0Total:2
2 Beds
Avg:$324,668Median:$289,000Range:$205,000 – $624,900PSF:$244 / $240Sq Ft:1,331 / 1,242DOM:66 / 45New:2Total:34
3 Beds
Avg:$516,685Median:$479,000Range:$275,000 – $1,225,000PSF:$249 / $238Sq Ft:2,066 / 1,971DOM:50 / 30New:10Total:81
4 Beds
Avg:$819,252Median:$675,000Range:$423,000 – $2,900,000PSF:$275 / $270Sq Ft:2,900 / 2,642DOM:44 / 19New:11Total:62
5 Beds
Avg:$1,806,535Median:$1,325,000Range:$584,000 – $7,500,000PSF:$389 / $336Sq Ft:4,358 / 4,371DOM:42 / 19New:4Total:26
6 Beds
Avg:$1,255,000Median:$775,000Range:$739,999 – $2,250,000PSF:$297 / $234Sq Ft:3,949 / 3,411DOM:23 / 5New:1Total:3
8 Beds
Avg:$899,900Median:$899,900Range:$899,900 – $899,900PSF:$241 / $241Sq Ft:3,737 / 3,737DOM:82 / 82New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $309,950 | $280,000 | $280,000 – $339,900 | $208 / $195 | 1,484 / 1,437 | 8 / 5 | 2 | 2 |
| 1 Beds | $227,450 | $224,900 | $224,900 – $230,000 | $397 / $390 | 574 / 571 | 98 / 33 | 0 | 2 |
| 2 Beds | $324,668 | $289,000 | $205,000 – $624,900 | $244 / $240 | 1,331 / 1,242 | 66 / 45 | 2 | 34 |
| 3 Beds | $516,685 | $479,000 | $275,000 – $1,225,000 | $249 / $238 | 2,066 / 1,971 | 50 / 30 | 10 | 81 |
| 4 Beds | $819,252 | $675,000 | $423,000 – $2,900,000 | $275 / $270 | 2,900 / 2,642 | 44 / 19 | 11 | 62 |
| 5 Beds | $1,806,535 | $1,325,000 | $584,000 – $7,500,000 | $389 / $336 | 4,358 / 4,371 | 42 / 19 | 4 | 26 |
| 6 Beds | $1,255,000 | $775,000 | $739,999 – $2,250,000 | $297 / $234 | 3,949 / 3,411 | 23 / 5 | 1 | 3 |
| 8 Beds | $899,900 | $899,900 | $899,900 – $899,900 | $241 / $241 | 3,737 / 3,737 | 82 / 82 | 0 | 1 |
Rental Market Overview
Median Rent
$1,471
+0.4%
Median DOM
1
0.0%
New Listings
692
Inventory
1,221
−2.2%
- Average Rent: $1,565
- Median Rent: $1,471
- Rent Range: $700 – $7,895
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 991 / 935
- Square Footage Range: 337 – 4,119
- Days on Market (Avg/Median): 5 / 1
- Days on Market Range: 1 – 314
- New Listings: 692
- Total Listings: 1,221
Rentals by Property Type
Apartment
$1,458
Median DOM: 1
Inventory: 1,146
MoM: +0.4%
Condo
$1,500
Median DOM: 63
Inventory: 7
MoM: +0.4%
Single Family
$2,200
Median DOM: 8
Inventory: 25
MoM: +0.4%
Townhouse
$1,895
Median DOM: 24
Inventory: 41
MoM: +0.4%
Apartment
Avg/Median Rent$1,511 / $1,458Range$879 – $3,795Rent per Sq Ft$2 / $2Sq Ft947 / 912DOM2 / 1New680Total1,146
Condo
Avg/Median Rent$1,476 / $1,500Range$1,295 – $1,650Rent per Sq Ft$2 / $2Sq Ft824 / 836DOM97 / 63New0Total7
Multi-Family
Avg/Median Rent$2,828 / $1,695Range$1,695 – $3,960Rent per Sq Ft$2 / $1Sq Ft1,225 / 1,100DOM49 / 49New0Total2
Single Family
Avg/Median Rent$3,015 / $2,200Range$1,245 – $7,895Rent per Sq Ft$1 / $1Sq Ft2,067 / 1,680DOM44 / 8New7Total25
Townhouse
Avg/Median Rent$2,158 / $1,895Range$700 – $3,800Rent per Sq Ft$1 / $1Sq Ft1,749 / 1,663DOM55 / 24New5Total41
Rentals by Bedroom Count
Studio
Avg:$1,312Median:$1,277Range:$956 – $1,950PSF:$2 / $2Sq Ft:554 / 564DOM:8 / 1New:32Total:63
1 Beds
Avg:$1,311Median:$1,315Range:$700 – $2,328PSF:$2 / $2Sq Ft:754 / 773DOM:3 / 1New:287Total:496
2 Beds
Avg:$1,629Median:$1,599Range:$985 – $3,960PSF:$1 / $1Sq Ft:1,096 / 1,091DOM:4 / 1New:307Total:524
3 Beds
Avg:$2,177Median:$2,005Range:$1,471 – $5,000PSF:$1 / $1Sq Ft:1,543 / 1,472DOM:12 / 1New:64Total:125
4 Beds
Avg:$4,043Median:$3,500Range:$2,300 – $7,895PSF:$1 / $1Sq Ft:2,892 / 2,400DOM:70 / 16New:2Total:13
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,312 | $1,277 | $956 – $1,950 | $2 / $2 | 554 / 564 | 8 / 1 | 32 | 63 |
| 1 Beds | $1,311 | $1,315 | $700 – $2,328 | $2 / $2 | 754 / 773 | 3 / 1 | 287 | 496 |
| 2 Beds | $1,629 | $1,599 | $985 – $3,960 | $1 / $1 | 1,096 / 1,091 | 4 / 1 | 307 | 524 |
| 3 Beds | $2,177 | $2,005 | $1,471 – $5,000 | $1 / $1 | 1,543 / 1,472 | 12 / 1 | 64 | 125 |
| 4 Beds | $4,043 | $3,500 | $2,300 – $7,895 | $1 / $1 | 2,892 / 2,400 | 70 / 16 | 2 | 13 |
6-Month Sales Trend
Dec 2025
Median Price:$489,900Median DOM:69New:30Total:209
Jan 2026
Median Price:$500,000Median DOM:67New:52Total:192
Feb 2026
Median Price:$535,700Median DOM:39New:52Total:202
Mar 2026
Median Price:$585,000Median DOM:34New:56Total:202
Apr 2026
Median Price:$585,000Median DOM:33New:62Total:202
May 2026
Median Price:$575,500Median DOM:26New:30Total:215
6-Month Rental Trend
Dec 2025
Median Rent:$1,475Median DOM:1New:876Total:1,116
Jan 2026
Median Rent:$1,482Median DOM:1New:884Total:1,213
Feb 2026
Median Rent:$1,458Median DOM:1New:917Total:1,207
Mar 2026
Median Rent:$1,474Median DOM:1New:961Total:1,260
Apr 2026
Median Rent:$1,465Median DOM:1New:941Total:1,248
May 2026
Median Rent:$1,471Median DOM:1New:692Total:1,221
Key Market Takeaways
Median sale prices softened 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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