ZIP 27615 Housing Market Report
Raleigh Metro
Report period: May 2026
27615 Monthly Market Update – May 2026
ZIP 27615 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$535,000
−0.9%
Median DOM (Sales)
26
−3.7%
New Listings (Sales)
29
−65.5%
Median Rent
$1,505
+0.4%
Median DOM (Rental)
1
0.0%
Total Rental Listings
545
−5.5%
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 ($1,895,000 median)
Sales Market Overview
Median Price
$535,000
−0.9%
Median DOM
26
−3.7%
New Listings
29
−65.5%
Inventory
252
+5.9%
- Average Price: $941,751
- Median Price: $535,000
- Price Range: $149,900 – $9,500,000
- Price per Sq Ft (Avg/Median): $289 / $243
- Square Footage (Avg/Median): 2,710 / 2,195
- Square Footage Range: 916 – 11,913
- Days on Market (Avg/Median): 50 / 26
- Days on Market Range: 2 – 323
- New Listings: 29
- Total Listings: 252
Sales by Property Type
Condo
Avg/Median Price$245,756 / $248,000Range$149,900 – $350,000Price per Sq Ft$206 / $204Sq Ft1,220 / 1,095DOM80 / 47New1Total16
Land
Avg/Median Price$725,000 / $565,000Range$340,000 – $1,550,000Price per Sq Ft—Sq Ft—DOM64 / 74New1Total6
Single Family
Avg/Median Price$1,204,247 / $650,000Range$315,000 – $9,500,000Price per Sq Ft$320 / $262Sq Ft3,193 / 2,590DOM46 / 18New21Total173
Townhouse
Avg/Median Price$363,237 / $315,000Range$228,000 – $875,000Price per Sq Ft$219 / $216Sq Ft1,664 / 1,408DOM54 / 44New6Total57
Sales by Bedroom Count
1 Beds
Avg:$248,000Median:$248,000Range:$248,000 – $248,000PSF:$271 / $271Sq Ft:916 / 916DOM:12 / 12New:0Total:1
2 Beds
Avg:$276,015Median:$272,900Range:$175,000 – $389,000PSF:$227 / $226Sq Ft:1,218 / 1,176DOM:59 / 45New:2Total:33
3 Beds
Avg:$444,358Median:$424,000Range:$149,900 – $940,000PSF:$239 / $230Sq Ft:1,868 / 1,780DOM:45 / 22New:8Total:85
4 Beds
Avg:$763,452Median:$649,900Range:$350,000 – $3,100,000PSF:$262 / $247Sq Ft:2,851 / 2,624DOM:43 / 18New:13Total:81
5 Beds
Avg:$2,558,805Median:$1,895,000Range:$359,000 – $9,500,000PSF:$473 / $393Sq Ft:4,953 / 5,341DOM:72 / 41New:4Total:42
6 Beds
Avg:$4,133,750Median:$1,560,000Range:$725,000 – $8,500,000PSF:$513 / $257Sq Ft:6,972 / 6,076DOM:36 / 6New:1Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $248,000 | $248,000 | $248,000 – $248,000 | $271 / $271 | 916 / 916 | 12 / 12 | 0 | 1 |
| 2 Beds | $276,015 | $272,900 | $175,000 – $389,000 | $227 / $226 | 1,218 / 1,176 | 59 / 45 | 2 | 33 |
| 3 Beds | $444,358 | $424,000 | $149,900 – $940,000 | $239 / $230 | 1,868 / 1,780 | 45 / 22 | 8 | 85 |
| 4 Beds | $763,452 | $649,900 | $350,000 – $3,100,000 | $262 / $247 | 2,851 / 2,624 | 43 / 18 | 13 | 81 |
| 5 Beds | $2,558,805 | $1,895,000 | $359,000 – $9,500,000 | $473 / $393 | 4,953 / 5,341 | 72 / 41 | 4 | 42 |
| 6 Beds | $4,133,750 | $1,560,000 | $725,000 – $8,500,000 | $513 / $257 | 6,972 / 6,076 | 36 / 6 | 1 | 4 |
Rental Market Overview
Median Rent
$1,505
+0.4%
Median DOM
1
0.0%
New Listings
302
Inventory
545
−5.5%
- Average Rent: $1,577
- Median Rent: $1,505
- Rent Range: $675 – $8,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,051 / 975
- Square Footage Range: 460 – 3,511
- Days on Market (Avg/Median): 7 / 1
- Days on Market Range: 1 – 338
- New Listings: 302
- Total Listings: 545
Rentals by Property Type
Apartment
$1,472
Median DOM: 1
Inventory: 459
MoM: +0.4%
Condo
$1,500
Median DOM: 13
Inventory: 10
MoM: +0.4%
Single Family
$2,250
Median DOM: 1
Inventory: 43
MoM: +0.4%
Townhouse
$1,825
Median DOM: 18
Inventory: 33
MoM: +0.4%
Apartment
Avg/Median Rent$1,455 / $1,472Range$860 – $2,358Rent per Sq Ft$2 / $2Sq Ft944 / 905DOM2 / 1New275Total459
Condo
Avg/Median Rent$1,405 / $1,500Range$1,095 – $1,600Rent per Sq Ft$1 / $1Sq Ft1,033 / 1,100DOM63 / 13New4Total10
Single Family
Avg/Median Rent$2,698 / $2,250Range$675 – $8,500Rent per Sq Ft$1 / $1Sq Ft1,939 / 1,827DOM31 / 1New15Total43
Townhouse
Avg/Median Rent$1,861 / $1,825Range$1,247 – $3,200Rent per Sq Ft$1 / $1Sq Ft1,508 / 1,389DOM30 / 18New8Total33
Rentals by Bedroom Count
1 Beds
Avg:$1,289Median:$1,287Range:$675 – $1,846PSF:$2 / $2Sq Ft:762 / 776DOM:3 / 1New:120Total:203
2 Beds
Avg:$1,545Median:$1,534Range:$1,115 – $2,395PSF:$1 / $1Sq Ft:1,045 / 1,028DOM:4 / 1New:136Total:234
3 Beds
Avg:$2,007Median:$1,802Range:$1,000 – $8,500PSF:$1 / $1Sq Ft:1,484 / 1,409DOM:18 / 1New:41Total:88
4 Beds
Avg:$2,715Median:$2,625Range:$1,950 – $3,850PSF:$1 / $1Sq Ft:2,386 / 2,150DOM:45 / 34New:2Total:13
5 Beds
Avg:$3,491Median:$2,920Range:$1,300 – $6,500PSF:$1 / $1Sq Ft:2,460 / 2,015DOM:24 / 1New:3Total:7
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,289 | $1,287 | $675 – $1,846 | $2 / $2 | 762 / 776 | 3 / 1 | 120 | 203 |
| 2 Beds | $1,545 | $1,534 | $1,115 – $2,395 | $1 / $1 | 1,045 / 1,028 | 4 / 1 | 136 | 234 |
| 3 Beds | $2,007 | $1,802 | $1,000 – $8,500 | $1 / $1 | 1,484 / 1,409 | 18 / 1 | 41 | 88 |
| 4 Beds | $2,715 | $2,625 | $1,950 – $3,850 | $1 / $1 | 2,386 / 2,150 | 45 / 34 | 2 | 13 |
| 5 Beds | $3,491 | $2,920 | $1,300 – $6,500 | $1 / $1 | 2,460 / 2,015 | 24 / 1 | 3 | 7 |
6-Month Sales Trend
Dec 2025
Median Price:$519,000Median DOM:66New:19Total:190
Jan 2026
Median Price:$525,000Median DOM:63New:43Total:170
Feb 2026
Median Price:$575,000Median DOM:44New:51Total:183
Mar 2026
Median Price:$574,999Median DOM:28New:64Total:199
Apr 2026
Median Price:$539,900Median DOM:27New:84Total:238
May 2026
Median Price:$535,000Median DOM:26New:29Total:252
6-Month Rental Trend
Dec 2025
Median Rent:$1,446Median DOM:1New:369Total:520
Jan 2026
Median Rent:$1,420Median DOM:1New:394Total:551
Feb 2026
Median Rent:$1,422Median DOM:1New:403Total:565
Mar 2026
Median Rent:$1,450Median DOM:1New:411Total:587
Apr 2026
Median Rent:$1,499Median DOM:1New:430Total:577
May 2026
Median Rent:$1,505Median DOM:1New:302Total:545
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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