ZIP 27701 Housing Market Report
Raleigh Metro
Report period: May 2026
27701 Monthly Market Update – May 2026
ZIP 27701 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$499,900
+11.1%
Median DOM (Sales)
47
−4.1%
New Listings (Sales)
15
−68.8%
Median Rent
$1,690
+0.2%
Median DOM (Rental)
1
0.0%
Total Rental Listings
1,009
−3.1%
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 (29 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($879,000 median)
Sales Market Overview
Median Price
$499,900
+11.1%
Median DOM
47
−4.1%
New Listings
15
−68.8%
Inventory
204
+0.5%
- Average Price: $630,878
- Median Price: $499,900
- Price Range: $59,000 – $5,998,000
- Price per Sq Ft (Avg/Median): $401 / $363
- Square Footage (Avg/Median): 1,632 / 1,496
- Square Footage Range: 433 – 5,208
- Days on Market (Avg/Median): 72 / 47
- Days on Market Range: 2 – 356
- New Listings: 15
- Total Listings: 204
Sales by Property Type
Condo
Avg/Median Price$950,109 / $727,000Range$234,000 – $5,998,000Price per Sq Ft$650 / $586Sq Ft1,296 / 1,128DOM82 / 67New3Total47
Land
Avg/Median Price$154,809 / $129,000Range$59,000 – $450,000Price per Sq Ft—Sq Ft—DOM182 / 183New0Total11
Multi-Family
Avg/Median Price$428,733 / $390,000Range$195,000 – $1,375,000Price per Sq Ft$239 / $234Sq Ft1,950 / 1,540DOM79 / 51New0Total15
Single Family
Avg/Median Price$558,731 / $489,000Range$124,900 – $4,250,000Price per Sq Ft$316 / $303Sq Ft1,708 / 1,502DOM60 / 29New11Total109
Townhouse
Avg/Median Price$682,202 / $685,000Range$499,900 – $1,005,000Price per Sq Ft$397 / $382Sq Ft1,760 / 1,698DOM64 / 53New1Total22
Sales by Bedroom Count
1 Beds
Avg:$483,095Median:$365,000Range:$234,000 – $1,019,900PSF:$589 / $495Sq Ft:802 / 728DOM:93 / 67New:1Total:26
2 Beds
Avg:$659,390Median:$519,000Range:$124,900 – $2,309,900PSF:$464 / $409Sq Ft:1,320 / 1,223DOM:64 / 47New:4Total:50
3 Beds
Avg:$591,031Median:$509,900Range:$135,000 – $4,099,900PSF:$336 / $328Sq Ft:1,663 / 1,565DOM:61 / 29New:6Total:80
4 Beds
Avg:$987,325Median:$599,000Range:$195,000 – $5,998,000PSF:$349 / $272Sq Ft:2,328 / 2,189DOM:61 / 26New:4Total:24
5 Beds
Avg:$990,857Median:$879,000Range:$399,000 – $1,599,000PSF:$324 / $329Sq Ft:3,109 / 3,269DOM:64 / 62New:0Total:7
6 Beds
Avg:$495,000Median:$415,000Range:$415,000 – $575,000PSF:$279 / $186Sq Ft:1,889 / 1,550DOM:43 / 9New:0Total:2
8 Beds
Avg:$640,500Median:$419,000Range:$349,000 – $1,375,000PSF:$172 / $131Sq Ft:3,422 / 3,200DOM:118 / 71New:0Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $483,095 | $365,000 | $234,000 – $1,019,900 | $589 / $495 | 802 / 728 | 93 / 67 | 1 | 26 |
| 2 Beds | $659,390 | $519,000 | $124,900 – $2,309,900 | $464 / $409 | 1,320 / 1,223 | 64 / 47 | 4 | 50 |
| 3 Beds | $591,031 | $509,900 | $135,000 – $4,099,900 | $336 / $328 | 1,663 / 1,565 | 61 / 29 | 6 | 80 |
| 4 Beds | $987,325 | $599,000 | $195,000 – $5,998,000 | $349 / $272 | 2,328 / 2,189 | 61 / 26 | 4 | 24 |
| 5 Beds | $990,857 | $879,000 | $399,000 – $1,599,000 | $324 / $329 | 3,109 / 3,269 | 64 / 62 | 0 | 7 |
| 6 Beds | $495,000 | $415,000 | $415,000 – $575,000 | $279 / $186 | 1,889 / 1,550 | 43 / 9 | 0 | 2 |
| 8 Beds | $640,500 | $419,000 | $349,000 – $1,375,000 | $172 / $131 | 3,422 / 3,200 | 118 / 71 | 0 | 4 |
Rental Market Overview
Median Rent
$1,690
+0.2%
Median DOM
1
0.0%
New Listings
504
Inventory
1,009
−3.1%
- Average Rent: $1,874
- Median Rent: $1,690
- Rent Range: $600 – $5,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 881 / 775
- Square Footage Range: 387 – 3,183
- Days on Market (Avg/Median): 7 / 1
- Days on Market Range: 1 – 365
- New Listings: 504
- Total Listings: 1,009
Rentals by Property Type
Apartment
$1,660
Median DOM: 1
Inventory: 902
MoM: +0.2%
Condo
$1,700
Median DOM: 5
Inventory: 24
MoM: +0.2%
Single Family
$2,300
Median DOM: 1
Inventory: 71
MoM: +0.2%
Townhouse
$1,100
Median DOM: 1
Inventory: 3
MoM: +0.2%
Apartment
Avg/Median Rent$1,831 / $1,660Range$775 – $5,460Rent per Sq Ft$2 / $2Sq Ft833 / 750DOM6 / 1New469Total902
Condo
Avg/Median Rent$2,028 / $1,700Range$1,095 – $4,500Rent per Sq Ft$2 / $2Sq Ft1,125 / 1,200DOM45 / 5New8Total24
Multi-Family
Avg/Median Rent$2,087 / $1,400Range$1,150 – $5,500Rent per Sq Ft$2 / $2Sq Ft1,109 / 796DOM44 / 33New1Total9
Single Family
Avg/Median Rent$2,337 / $2,300Range$600 – $5,500Rent per Sq Ft$2 / $2Sq Ft1,471 / 1,380DOM16 / 1New25Total71
Townhouse
Avg/Median Rent$2,048 / $1,100Range$1,045 – $4,000Rent per Sq Ft$2 / $2Sq Ft950 / 745DOM45 / 1New1Total3
Rentals by Bedroom Count
Studio
Avg:$1,416Median:$1,400Range:$875 – $1,846PSF:$3 / $3Sq Ft:549 / 550DOM:4 / 1New:99Total:187
1 Beds
Avg:$1,641Median:$1,614Range:$600 – $2,872PSF:$2 / $2Sq Ft:733 / 730DOM:6 / 1New:210Total:438
2 Beds
Avg:$2,209Median:$2,225Range:$1,045 – $4,500PSF:$2 / $2Sq Ft:1,112 / 1,146DOM:8 / 1New:154Total:301
3 Beds
Avg:$2,810Median:$2,795Range:$1,495 – $5,460PSF:$2 / $2Sq Ft:1,463 / 1,450DOM:15 / 1New:32Total:62
4 Beds
Avg:$2,840Median:$2,835Range:$1,595 – $3,975PSF:$1 / $1Sq Ft:2,017 / 2,201DOM:27 / 1New:9Total:16
5 Beds
Avg:$4,425Median:$4,100Range:$3,350 – $5,500PSF:$2 / $2Sq Ft:2,320 / 2,260DOM:17 / 1New:0Total:4
6 Beds
Avg:$5,500Median:$5,500Range:$5,500 – $5,500PSF:$2 / $2Sq Ft:3,128 / 3,128DOM:104 / 104New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,416 | $1,400 | $875 – $1,846 | $3 / $3 | 549 / 550 | 4 / 1 | 99 | 187 |
| 1 Beds | $1,641 | $1,614 | $600 – $2,872 | $2 / $2 | 733 / 730 | 6 / 1 | 210 | 438 |
| 2 Beds | $2,209 | $2,225 | $1,045 – $4,500 | $2 / $2 | 1,112 / 1,146 | 8 / 1 | 154 | 301 |
| 3 Beds | $2,810 | $2,795 | $1,495 – $5,460 | $2 / $2 | 1,463 / 1,450 | 15 / 1 | 32 | 62 |
| 4 Beds | $2,840 | $2,835 | $1,595 – $3,975 | $1 / $1 | 2,017 / 2,201 | 27 / 1 | 9 | 16 |
| 5 Beds | $4,425 | $4,100 | $3,350 – $5,500 | $2 / $2 | 2,320 / 2,260 | 17 / 1 | 0 | 4 |
| 6 Beds | $5,500 | $5,500 | $5,500 – $5,500 | $2 / $2 | 3,128 / 3,128 | 104 / 104 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$499,900Median DOM:83New:19Total:207
Jan 2026
Median Price:$499,000Median DOM:80New:33Total:194
Feb 2026
Median Price:$450,000Median DOM:70New:30Total:178
Mar 2026
Median Price:$430,000Median DOM:56New:47Total:185
Apr 2026
Median Price:$450,000Median DOM:49New:48Total:203
May 2026
Median Price:$499,900Median DOM:47New:15Total:204
6-Month Rental Trend
Dec 2025
Median Rent:$1,714Median DOM:1New:780Total:991
Jan 2026
Median Rent:$1,709Median DOM:1New:793Total:989
Feb 2026
Median Rent:$1,731Median DOM:1New:678Total:1,010
Mar 2026
Median Rent:$1,715Median DOM:1New:719Total:934
Apr 2026
Median Rent:$1,687Median DOM:1New:777Total:1,041
May 2026
Median Rent:$1,690Median DOM:1New:504Total:1,009
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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