ZIP 27601 Housing Market Report
Raleigh Metro
Report period: March 2026
27601 Monthly Market Update – March 2026
ZIP 27601 · Last updated Mar 12, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$559,500
+3.6%
Median DOM (Sales)
60
−16.7%
New Listings (Sales)
17
−26.1%
Median Rent
$1,847
−0.2%
Median DOM (Rental)
1
0.0%
Total Rental Listings
545
+1.1%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (36 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($1,188,000 median)
Sales Market Overview
Median Price
$559,500
+3.6%
Median DOM
60
−16.7%
New Listings
17
−26.1%
Inventory
111
+5.7%
- Average Price: $674,229
- Median Price: $559,500
- Price Range: $185,000 – $2,860,000
- Price per Sq Ft (Avg/Median): $408 / $393
- Square Footage (Avg/Median): 1,757 / 1,553
- Square Footage Range: 803 – 4,189
- Days on Market (Avg/Median): 78 / 60
- Days on Market Range: 2 – 307
- New Listings: 17
- Total Listings: 111
Sales by Property Type
Condo
Avg/Median Price$758,424 / $539,999Range$310,000 – $2,860,000Price per Sq Ft$443 / $389Sq Ft1,692 / 1,523DOM76 / 61New9Total46
Land
Avg/Median Price$293,250 / $297,000Range$185,000 – $375,000Price per Sq Ft—Sq Ft—DOM145 / 134New0Total8
Multi-Family
Avg/Median Price$611,875 / $425,000Range$425,000 – $1,150,000Price per Sq Ft$329 / $246Sq Ft1,930 / 1,728DOM120 / 87New0Total4
Single Family
Avg/Median Price$611,014 / $565,000Range$250,000 – $1,675,000Price per Sq Ft$384 / $392Sq Ft1,687 / 1,368DOM61 / 36New7Total42
Townhouse
Avg/Median Price$863,259 / $650,000Range$580,000 – $1,318,100Price per Sq Ft$383 / $393Sq Ft2,233 / 2,300DOM85 / 97New1Total11
Sales by Bedroom Count
Studio
Avg:$335,000Median:$250,000Range:$250,000 – $420,000PSF:$240 / $60Sq Ft:2,570 / 1,000DOM:21 / 4New:0Total:2
1 Beds
Avg:$496,969Median:$449,795Range:$310,000 – $860,000PSF:$458 / $438Sq Ft:1,075 / 922DOM:106 / 83New:1Total:10
2 Beds
Avg:$533,420Median:$495,000Range:$250,000 – $1,850,000PSF:$416 / $396Sq Ft:1,284 / 1,295DOM:87 / 62New:3Total:25
3 Beds
Avg:$787,342Median:$595,000Range:$389,000 – $2,860,000PSF:$433 / $401Sq Ft:1,772 / 1,725DOM:58 / 44New:8Total:41
4 Beds
Avg:$851,211Median:$790,000Range:$527,413 – $1,675,000PSF:$372 / $380Sq Ft:2,263 / 2,284DOM:61 / 35New:5Total:20
5 Beds
Avg:$1,150,000Median:$1,150,000Range:$1,150,000 – $1,150,000PSF:$346 / $346Sq Ft:3,328 / 3,328DOM:65 / 65New:0Total:1
6 Beds
Avg:$625,000Median:$425,000Range:$425,000 – $1,025,000PSF:$246 / $246Sq Ft:2,548 / 1,728DOM:151 / 164New:0Total:3
8 Beds
Avg:$1,188,000Median:$1,188,000Range:$1,188,000 – $1,188,000PSF:$292 / $292Sq Ft:4,064 / 4,064DOM:84 / 84New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $335,000 | $250,000 | $250,000 – $420,000 | $240 / $60 | 2,570 / 1,000 | 21 / 4 | 0 | 2 |
| 1 Beds | $496,969 | $449,795 | $310,000 – $860,000 | $458 / $438 | 1,075 / 922 | 106 / 83 | 1 | 10 |
| 2 Beds | $533,420 | $495,000 | $250,000 – $1,850,000 | $416 / $396 | 1,284 / 1,295 | 87 / 62 | 3 | 25 |
| 3 Beds | $787,342 | $595,000 | $389,000 – $2,860,000 | $433 / $401 | 1,772 / 1,725 | 58 / 44 | 8 | 41 |
| 4 Beds | $851,211 | $790,000 | $527,413 – $1,675,000 | $372 / $380 | 2,263 / 2,284 | 61 / 35 | 5 | 20 |
| 5 Beds | $1,150,000 | $1,150,000 | $1,150,000 – $1,150,000 | $346 / $346 | 3,328 / 3,328 | 65 / 65 | 0 | 1 |
| 6 Beds | $625,000 | $425,000 | $425,000 – $1,025,000 | $246 / $246 | 2,548 / 1,728 | 151 / 164 | 0 | 3 |
| 8 Beds | $1,188,000 | $1,188,000 | $1,188,000 – $1,188,000 | $292 / $292 | 4,064 / 4,064 | 84 / 84 | 0 | 1 |
Rental Market Overview
Median Rent
$1,847
−0.2%
Median DOM
1
0.0%
New Listings
263
Inventory
545
+1.1%
- Average Rent: $1,952
- Median Rent: $1,847
- Rent Range: $750 – $6,558
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 874 / 755
- Square Footage Range: 348 – 2,717
- Days on Market (Avg/Median): 11 / 1
- Days on Market Range: 1 – 331
- New Listings: 263
- Total Listings: 545
Rentals by Property Type
Apartment
$1,821
Median DOM: 1
Inventory: 479
MoM: −0.2%
Condo
$2,250
Median DOM: 40
Inventory: 22
MoM: −0.2%
Single Family
$1,995
Median DOM: 1
Inventory: 32
MoM: −0.2%
Townhouse
$2,700
Median DOM: 1
Inventory: 12
MoM: −0.2%
Apartment
Avg/Median Rent$1,903 / $1,821Range$750 – $4,277Rent per Sq Ft$2 / $2Sq Ft813 / 733DOM7 / 1New243Total479
Condo
Avg/Median Rent$2,320 / $2,250Range$1,250 – $3,200Rent per Sq Ft$2 / $2Sq Ft1,475 / 1,483DOM64 / 40New4Total22
Single Family
Avg/Median Rent$2,088 / $1,995Range$800 – $3,217Rent per Sq Ft$2 / $2Sq Ft1,171 / 1,150DOM31 / 1New12Total32
Townhouse
Avg/Median Rent$2,869 / $2,700Range$1,295 – $6,558Rent per Sq Ft$1 / $1Sq Ft1,852 / 2,300DOM38 / 1New4Total12
Rentals by Bedroom Count
Studio
Avg:$1,436Median:$1,416Range:$800 – $2,125PSF:$3 / $3Sq Ft:552 / 543DOM:10 / 1New:48Total:114
1 Beds
Avg:$1,788Median:$1,775Range:$800 – $3,074PSF:$2 / $2Sq Ft:737 / 728DOM:8 / 1New:101Total:233
2 Beds
Avg:$2,390Median:$2,274Range:$750 – $4,277PSF:$2 / $2Sq Ft:1,116 / 1,078DOM:11 / 1New:104Total:159
3 Beds
Avg:$2,584Median:$2,350Range:$1,536 – $6,558PSF:$2 / $2Sq Ft:1,641 / 1,502DOM:45 / 1New:8Total:34
4 Beds
Avg:$3,095Median:$3,095Range:$2,995 – $3,195PSF:$1 / $1Sq Ft:2,131 / 2,300DOM:4 / 1New:2Total:5
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,436 | $1,416 | $800 – $2,125 | $3 / $3 | 552 / 543 | 10 / 1 | 48 | 114 |
| 1 Beds | $1,788 | $1,775 | $800 – $3,074 | $2 / $2 | 737 / 728 | 8 / 1 | 101 | 233 |
| 2 Beds | $2,390 | $2,274 | $750 – $4,277 | $2 / $2 | 1,116 / 1,078 | 11 / 1 | 104 | 159 |
| 3 Beds | $2,584 | $2,350 | $1,536 – $6,558 | $2 / $2 | 1,641 / 1,502 | 45 / 1 | 8 | 34 |
| 4 Beds | $3,095 | $3,095 | $2,995 – $3,195 | $1 / $1 | 2,131 / 2,300 | 4 / 1 | 2 | 5 |
6-Month Sales Trend
Oct 2025
Median Price:$599,900Median DOM:51New:43Total:130
Nov 2025
Median Price:$599,000Median DOM:58New:17Total:123
Dec 2025
Median Price:$550,000Median DOM:75New:19Total:104
Jan 2026
Median Price:$550,000Median DOM:72New:25Total:104
Feb 2026
Median Price:$539,999Median DOM:72New:23Total:105
Mar 2026
Median Price:$559,500Median DOM:60New:17Total:111
6-Month Rental Trend
Oct 2025
Median Rent:$1,825Median DOM:1New:311Total:432
Nov 2025
Median Rent:$1,859Median DOM:1New:356Total:453
Dec 2025
Median Rent:$1,819Median DOM:1New:385Total:511
Jan 2026
Median Rent:$1,849Median DOM:1New:408Total:523
Feb 2026
Median Rent:$1,850Median DOM:1New:384Total:539
Mar 2026
Median Rent:$1,847Median DOM:1New:263Total:545
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing eased, while total rental inventory increased.
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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