ZIP 27614 Housing Market Report
Raleigh Metro
Report period: May 2026
27614 Monthly Market Update – May 2026
ZIP 27614 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$718,000
+2.6%
Median DOM (Sales)
30
+20.0%
New Listings (Sales)
27
−72.7%
Median Rent
$1,539
+0.8%
Median DOM (Rental)
1
0.0%
Total Rental Listings
381
−0.8%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Condo (8 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($1,450,000 median)
Sales Market Overview
Median Price
$718,000
+2.6%
Median DOM
30
+20.0%
New Listings
27
−72.7%
Inventory
271
−0.4%
- Average Price: $1,009,767
- Median Price: $718,000
- Price Range: $212,500 – $5,672,000
- Price per Sq Ft (Avg/Median): $264 / $236
- Square Footage (Avg/Median): 3,468 / 3,066
- Square Footage Range: 760 – 10,676
- Days on Market (Avg/Median): 54 / 30
- Days on Market Range: 2 – 357
- New Listings: 27
- Total Listings: 271
Sales by Property Type
Condo
Avg/Median Price$310,781 / $325,000Range$212,500 – $400,000Price per Sq Ft$208 / $216Sq Ft1,568 / 1,577DOM38 / 8New12Total27
Land
Avg/Median Price$787,143 / $750,000Range$450,000 – $1,500,000Price per Sq Ft—Sq Ft—DOM106 / 124New0Total7
Single Family
Avg/Median Price$1,301,793 / $900,000Range$310,000 – $5,672,000Price per Sq Ft$291 / $255Sq Ft4,195 / 3,817DOM56 / 27New12Total186
Townhouse
Avg/Median Price$345,337 / $320,000Range$229,900 – $650,000Price per Sq Ft$195 / $195Sq Ft1,789 / 1,675DOM50 / 37New3Total51
Sales by Bedroom Count
Studio
Avg:$479,900Median:$479,900Range:$479,900 – $479,900PSF:$284 / $284Sq Ft:1,692 / 1,692DOM:10 / 10New:1Total:1
1 Beds
Avg:$213,750Median:$212,500Range:$212,500 – $215,000PSF:$281 / $279Sq Ft:762 / 760DOM:57 / 53New:0Total:2
2 Beds
Avg:$318,031Median:$279,000Range:$241,900 – $750,000PSF:$234 / $218Sq Ft:1,372 / 1,367DOM:50 / 36New:4Total:21
3 Beds
Avg:$450,848Median:$399,800Range:$229,900 – $989,900PSF:$220 / $213Sq Ft:2,041 / 1,756DOM:39 / 22New:13Total:83
4 Beds
Avg:$1,137,046Median:$875,000Range:$329,900 – $3,575,000PSF:$275 / $247Sq Ft:3,897 / 3,547DOM:50 / 27New:5Total:88
5 Beds
Avg:$1,804,264Median:$1,425,000Range:$445,000 – $5,672,000PSF:$318 / $264Sq Ft:5,289 / 4,933DOM:77 / 47New:3Total:66
6 Beds
Avg:$1,329,666Median:$1,450,000Range:$979,000 – $1,559,999PSF:$200 / $195Sq Ft:6,615 / 7,032DOM:34 / 21New:1Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $479,900 | $479,900 | $479,900 – $479,900 | $284 / $284 | 1,692 / 1,692 | 10 / 10 | 1 | 1 |
| 1 Beds | $213,750 | $212,500 | $212,500 – $215,000 | $281 / $279 | 762 / 760 | 57 / 53 | 0 | 2 |
| 2 Beds | $318,031 | $279,000 | $241,900 – $750,000 | $234 / $218 | 1,372 / 1,367 | 50 / 36 | 4 | 21 |
| 3 Beds | $450,848 | $399,800 | $229,900 – $989,900 | $220 / $213 | 2,041 / 1,756 | 39 / 22 | 13 | 83 |
| 4 Beds | $1,137,046 | $875,000 | $329,900 – $3,575,000 | $275 / $247 | 3,897 / 3,547 | 50 / 27 | 5 | 88 |
| 5 Beds | $1,804,264 | $1,425,000 | $445,000 – $5,672,000 | $318 / $264 | 5,289 / 4,933 | 77 / 47 | 3 | 66 |
| 6 Beds | $1,329,666 | $1,450,000 | $979,000 – $1,559,999 | $200 / $195 | 6,615 / 7,032 | 34 / 21 | 1 | 3 |
Rental Market Overview
Median Rent
$1,539
+0.8%
Median DOM
1
0.0%
New Listings
211
Inventory
381
−0.8%
- Average Rent: $1,624
- Median Rent: $1,539
- Rent Range: $969 – $4,000
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,190 / 1,106
- Square Footage Range: 550 – 3,202
- Days on Market (Avg/Median): 8 / 1
- Days on Market Range: 1 – 268
- New Listings: 211
- Total Listings: 381
Rentals by Property Type
Apartment
$1,484
Median DOM: 1
Inventory: 332
MoM: +0.8%
Condo
$1,900
Median DOM: 28
Inventory: 4
MoM: +0.8%
Single Family
$2,400
Median DOM: 1
Inventory: 23
MoM: +0.8%
Townhouse
$1,795
Median DOM: 42
Inventory: 22
MoM: +0.8%
Apartment
Avg/Median Rent$1,540 / $1,484Range$969 – $3,513Rent per Sq Ft$1 / $1Sq Ft1,080 / 1,092DOM3 / 1New204Total332
Condo
Avg/Median Rent$2,044 / $1,900Range$1,325 – $3,000Rent per Sq Ft$1 / $1Sq Ft1,662 / 1,524DOM42 / 28New0Total4
Single Family
Avg/Median Rent$2,504 / $2,400Range$1,600 – $4,000Rent per Sq Ft$1 / $1Sq Ft2,245 / 2,200DOM32 / 1New5Total23
Townhouse
Avg/Median Rent$1,899 / $1,795Range$1,525 – $2,995Rent per Sq Ft$1 / $1Sq Ft1,875 / 1,746DOM57 / 42New2Total22
Rentals by Bedroom Count
1 Beds
Avg:$1,322Median:$1,310Range:$1,038 – $1,760PSF:$2 / $2Sq Ft:798 / 802DOM:4 / 1New:64Total:110
2 Beds
Avg:$1,549Median:$1,527Range:$969 – $2,175PSF:$1 / $1Sq Ft:1,133 / 1,133DOM:2 / 1New:108Total:160
3 Beds
Avg:$1,934Median:$1,860Range:$1,468 – $4,000PSF:$1 / $1Sq Ft:1,570 / 1,524DOM:16 / 1New:36Total:95
4 Beds
Avg:$2,520Median:$2,550Range:$1,950 – $3,200PSF:$1 / $1Sq Ft:2,451 / 2,474DOM:44 / 36New:2Total:14
5 Beds
Avg:$3,250Median:$2,700Range:$2,700 – $3,800PSF:$1 / $1Sq Ft:2,908 / 2,908DOM:50 / 1New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,322 | $1,310 | $1,038 – $1,760 | $2 / $2 | 798 / 802 | 4 / 1 | 64 | 110 |
| 2 Beds | $1,549 | $1,527 | $969 – $2,175 | $1 / $1 | 1,133 / 1,133 | 2 / 1 | 108 | 160 |
| 3 Beds | $1,934 | $1,860 | $1,468 – $4,000 | $1 / $1 | 1,570 / 1,524 | 16 / 1 | 36 | 95 |
| 4 Beds | $2,520 | $2,550 | $1,950 – $3,200 | $1 / $1 | 2,451 / 2,474 | 44 / 36 | 2 | 14 |
| 5 Beds | $3,250 | $2,700 | $2,700 – $3,800 | $1 / $1 | 2,908 / 2,908 | 50 / 1 | 1 | 2 |
6-Month Sales Trend
Dec 2025
Median Price:$550,000Median DOM:76New:34Total:227
Jan 2026
Median Price:$550,000Median DOM:64New:64Total:216
Feb 2026
Median Price:$575,000Median DOM:46New:63Total:223
Mar 2026
Median Price:$649,900Median DOM:30New:82Total:232
Apr 2026
Median Price:$699,990Median DOM:25New:99Total:272
May 2026
Median Price:$718,000Median DOM:30New:27Total:271
6-Month Rental Trend
Dec 2025
Median Rent:$1,546Median DOM:1New:252Total:356
Jan 2026
Median Rent:$1,550Median DOM:1New:250Total:367
Feb 2026
Median Rent:$1,491Median DOM:1New:267Total:372
Mar 2026
Median Rent:$1,522Median DOM:1New:270Total:383
Apr 2026
Median Rent:$1,527Median DOM:1New:287Total:384
May 2026
Median Rent:$1,539Median DOM:1New:211Total:381
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. 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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