ZIP 27617 Housing Market Report
Raleigh Metro
Report period: May 2026
27617 Monthly Market Update – May 2026
ZIP 27617 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$424,900
−1.0%
Median DOM (Sales)
33
−10.8%
New Listings (Sales)
16
−55.6%
Median Rent
$1,521
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
800
−4.9%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (12 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($1,175,000 median)
Sales Market Overview
Median Price
$424,900
−1.0%
Median DOM
33
−10.8%
New Listings
16
−55.6%
Inventory
143
+0.7%
- Average Price: $459,528
- Median Price: $424,900
- Price Range: $185,000 – $1,175,000
- Price per Sq Ft (Avg/Median): $222 / $220
- Square Footage (Avg/Median): 2,070 / 1,908
- Square Footage Range: 943 – 5,200
- Days on Market (Avg/Median): 63 / 33
- Days on Market Range: 2 – 364
- New Listings: 16
- Total Listings: 143
Sales by Property Type
Condo
Avg/Median Price$374,193 / $369,000Range$185,000 – $700,000Price per Sq Ft$229 / $232Sq Ft1,634 / 1,551DOM70 / 51New3Total44
Single Family
Avg/Median Price$681,061 / $604,000Range$349,900 – $1,175,000Price per Sq Ft$255 / $256Sq Ft2,729 / 2,159DOM28 / 12New5Total33
Townhouse
Avg/Median Price$405,652 / $409,000Range$274,900 – $699,900Price per Sq Ft$202 / $200Sq Ft2,032 / 2,100DOM76 / 40New8Total66
Sales by Bedroom Count
1 Beds
Avg:$196,900Median:$200,000Range:$185,000 – $203,900PSF:$200 / $196Sq Ft:985 / 955DOM:109 / 95New:0Total:6
2 Beds
Avg:$355,140Median:$340,000Range:$241,800 – $589,000PSF:$239 / $236Sq Ft:1,471 / 1,422DOM:69 / 54New:2Total:38
3 Beds
Avg:$450,778Median:$432,000Range:$305,000 – $895,000PSF:$214 / $206Sq Ft:2,139 / 2,097DOM:66 / 26New:12Total:68
4 Beds
Avg:$522,517Median:$449,000Range:$365,000 – $849,500PSF:$217 / $216Sq Ft:2,379 / 2,177DOM:42 / 24New:1Total:23
5 Beds
Avg:$1,027,143Median:$1,039,000Range:$869,000 – $1,150,000PSF:$250 / $261Sq Ft:4,188 / 4,264DOM:16 / 8New:1Total:7
6 Beds
Avg:$1,175,000Median:$1,175,000Range:$1,175,000 – $1,175,000PSF:$246 / $246Sq Ft:4,776 / 4,776DOM:161 / 161New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $196,900 | $200,000 | $185,000 – $203,900 | $200 / $196 | 985 / 955 | 109 / 95 | 0 | 6 |
| 2 Beds | $355,140 | $340,000 | $241,800 – $589,000 | $239 / $236 | 1,471 / 1,422 | 69 / 54 | 2 | 38 |
| 3 Beds | $450,778 | $432,000 | $305,000 – $895,000 | $214 / $206 | 2,139 / 2,097 | 66 / 26 | 12 | 68 |
| 4 Beds | $522,517 | $449,000 | $365,000 – $849,500 | $217 / $216 | 2,379 / 2,177 | 42 / 24 | 1 | 23 |
| 5 Beds | $1,027,143 | $1,039,000 | $869,000 – $1,150,000 | $250 / $261 | 4,188 / 4,264 | 16 / 8 | 1 | 7 |
| 6 Beds | $1,175,000 | $1,175,000 | $1,175,000 – $1,175,000 | $246 / $246 | 4,776 / 4,776 | 161 / 161 | 0 | 1 |
Rental Market Overview
Median Rent
$1,521
0.0%
Median DOM
1
0.0%
New Listings
415
Inventory
800
−4.9%
- Average Rent: $1,608
- Median Rent: $1,521
- Rent Range: $1,046 – $5,800
- Rent per Sq Ft (Avg/Median): $2 / $1
- Square Footage (Avg/Median): 1,082 / 1,111
- Square Footage Range: 634 – 4,842
- Days on Market (Avg/Median): 4 / 1
- Days on Market Range: 1 – 259
- New Listings: 415
- Total Listings: 800
Rentals by Property Type
Apartment
$1,481
Median DOM: 1
Inventory: 740
MoM: 0.0%
Condo
$1,550
Median DOM: 28
Inventory: 14
MoM: 0.0%
Single Family
$2,375
Median DOM: 1
Inventory: 15
MoM: 0.0%
Townhouse
$2,100
Median DOM: 14
Inventory: 31
MoM: 0.0%
Apartment
Avg/Median Rent$1,557 / $1,481Range$1,046 – $2,928Rent per Sq Ft$2 / $2Sq Ft1,025 / 1,072DOM1 / 1New401Total740
Condo
Avg/Median Rent$1,826 / $1,550Range$1,195 – $3,000Rent per Sq Ft$1 / $1Sq Ft1,452 / 1,276DOM37 / 28New1Total14
Single Family
Avg/Median Rent$2,759 / $2,375Range$1,695 – $5,800Rent per Sq Ft$1 / $1Sq Ft2,390 / 1,900DOM22 / 1New5Total15
Townhouse
Avg/Median Rent$2,170 / $2,100Range$1,595 – $3,400Rent per Sq Ft$1 / $1Sq Ft1,761 / 1,747DOM46 / 14New8Total31
Rentals by Bedroom Count
Studio
Avg:$1,086Median:$1,086Range:$1,046 – $1,136PSF:$2 / $2Sq Ft:692 / 706DOM:1 / 1New:5Total:5
1 Beds
Avg:$1,363Median:$1,372Range:$1,074 – $1,939PSF:$2 / $2Sq Ft:813 / 814DOM:3 / 1New:177Total:330
2 Beds
Avg:$1,658Median:$1,618Range:$1,207 – $2,670PSF:$1 / $1Sq Ft:1,163 / 1,148DOM:2 / 1New:180Total:350
3 Beds
Avg:$2,077Median:$1,966Range:$1,549 – $3,000PSF:$1 / $1Sq Ft:1,528 / 1,471DOM:9 / 1New:51Total:107
4 Beds
Avg:$2,866Median:$2,949Range:$2,399 – $3,400PSF:$1 / $1Sq Ft:2,381 / 2,143DOM:60 / 9New:2Total:6
5 Beds
Avg:$5,800Median:$5,800Range:$5,800 – $5,800PSF:$1 / $1Sq Ft:4,800 / 4,800DOM:16 / 16New:0Total:1
7 Beds
Avg:$5,475Median:$5,475Range:$5,475 – $5,475PSF:$1 / $1Sq Ft:4,842 / 4,842DOM:176 / 176New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,086 | $1,086 | $1,046 – $1,136 | $2 / $2 | 692 / 706 | 1 / 1 | 5 | 5 |
| 1 Beds | $1,363 | $1,372 | $1,074 – $1,939 | $2 / $2 | 813 / 814 | 3 / 1 | 177 | 330 |
| 2 Beds | $1,658 | $1,618 | $1,207 – $2,670 | $1 / $1 | 1,163 / 1,148 | 2 / 1 | 180 | 350 |
| 3 Beds | $2,077 | $1,966 | $1,549 – $3,000 | $1 / $1 | 1,528 / 1,471 | 9 / 1 | 51 | 107 |
| 4 Beds | $2,866 | $2,949 | $2,399 – $3,400 | $1 / $1 | 2,381 / 2,143 | 60 / 9 | 2 | 6 |
| 5 Beds | $5,800 | $5,800 | $5,800 – $5,800 | $1 / $1 | 4,800 / 4,800 | 16 / 16 | 0 | 1 |
| 7 Beds | $5,475 | $5,475 | $5,475 – $5,475 | $1 / $1 | 4,842 / 4,842 | 176 / 176 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$440,000Median DOM:77New:14Total:110
Jan 2026
Median Price:$439,000Median DOM:78New:32Total:114
Feb 2026
Median Price:$430,000Median DOM:56New:35Total:120
Mar 2026
Median Price:$429,000Median DOM:37New:43Total:135
Apr 2026
Median Price:$429,000Median DOM:37New:36Total:142
May 2026
Median Price:$424,900Median DOM:33New:16Total:143
6-Month Rental Trend
Dec 2025
Median Rent:$1,525Median DOM:1New:538Total:708
Jan 2026
Median Rent:$1,473Median DOM:1New:555Total:773
Feb 2026
Median Rent:$1,499Median DOM:1New:574Total:795
Mar 2026
Median Rent:$1,493Median DOM:1New:599Total:809
Apr 2026
Median Rent:$1,521Median DOM:1New:647Total:841
May 2026
Median Rent:$1,521Median DOM:1New:415Total:800
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing remained stable, 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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