ZIP 27603 Housing Market Report
Raleigh Metro
Report period: March 2026
27603 Monthly Market Update – March 2026
ZIP 27603 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$424,900
−0.0%
Median DOM (Sales)
42
−4.5%
New Listings (Sales)
52
−52.3%
Median Rent
$1,875
−1.8%
Median DOM (Rental)
1
0.0%
Total Rental Listings
1,726
+1.6%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Townhouse (29 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($700,000 median)
Sales Market Overview
Median Price
$424,900
−0.0%
Median DOM
42
−4.5%
New Listings
52
−52.3%
Inventory
412
+0.2%
- Average Price: $528,715
- Median Price: $424,900
- Price Range: $75,000 – $5,170,000
- Price per Sq Ft (Avg/Median): $256 / $213
- Square Footage (Avg/Median): 2,070 / 1,757
- Square Footage Range: 718 – 4,833
- Days on Market (Avg/Median): 73 / 42
- Days on Market Range: 2 – 363
- New Listings: 52
- Total Listings: 412
Sales by Property Type
Condo
Avg/Median Price$443,881 / $445,000Range$199,000 – $1,175,000Price per Sq Ft$347 / $366Sq Ft1,285 / 1,228DOM92 / 76New2Total44
Land
Avg/Median Price$751,121 / $250,000Range$75,000 – $5,000,000Price per Sq Ft—Sq Ft—DOM131 / 65New0Total28
Manufactured
Avg/Median Price$1,283,000 / $305,000Range$265,000 – $5,170,000Price per Sq Ft$980 / $187Sq Ft1,598 / 1,608DOM73 / 75New0Total5
Multi-Family
Avg/Median Price$406,633 / $274,900Range$245,000 – $700,000Price per Sq Ft$197 / $198Sq Ft2,037 / 1,391DOM77 / 96New1Total3
Single Family
Avg/Median Price$593,864 / $520,000Range$125,000 – $1,850,000Price per Sq Ft$243 / $222Sq Ft2,465 / 2,378DOM68 / 39New32Total219
Townhouse
Avg/Median Price$350,243 / $315,000Range$200,000 – $1,295,000Price per Sq Ft$216 / $197Sq Ft1,630 / 1,628DOM63 / 29New17Total113
Sales by Bedroom Count
1 Beds
Avg:$336,838Median:$322,500Range:$172,500 – $525,000PSF:$353 / $336Sq Ft:958 / 988DOM:91 / 77New:1Total:8
2 Beds
Avg:$398,937Median:$350,000Range:$150,000 – $1,175,000PSF:$312 / $292Sq Ft:1,271 / 1,238DOM:86 / 64New:5Total:55
3 Beds
Avg:$430,841Median:$362,000Range:$125,000 – $5,170,000PSF:$248 / $202Sq Ft:1,812 / 1,649DOM:60 / 31New:29Total:207
4 Beds
Avg:$746,329Median:$675,000Range:$240,000 – $1,850,000PSF:$246 / $224Sq Ft:2,955 / 2,965DOM:82 / 53New:14Total:92
5 Beds
Avg:$648,417Median:$549,999Range:$475,000 – $1,699,000PSF:$201 / $197Sq Ft:3,178 / 3,020DOM:61 / 20New:3Total:21
8 Beds
Avg:$700,000Median:$700,000Range:$700,000 – $700,000PSF:$205 / $205Sq Ft:3,408 / 3,408DOM:96 / 96New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $336,838 | $322,500 | $172,500 – $525,000 | $353 / $336 | 958 / 988 | 91 / 77 | 1 | 8 |
| 2 Beds | $398,937 | $350,000 | $150,000 – $1,175,000 | $312 / $292 | 1,271 / 1,238 | 86 / 64 | 5 | 55 |
| 3 Beds | $430,841 | $362,000 | $125,000 – $5,170,000 | $248 / $202 | 1,812 / 1,649 | 60 / 31 | 29 | 207 |
| 4 Beds | $746,329 | $675,000 | $240,000 – $1,850,000 | $246 / $224 | 2,955 / 2,965 | 82 / 53 | 14 | 92 |
| 5 Beds | $648,417 | $549,999 | $475,000 – $1,699,000 | $201 / $197 | 3,178 / 3,020 | 61 / 20 | 3 | 21 |
| 8 Beds | $700,000 | $700,000 | $700,000 – $700,000 | $205 / $205 | 3,408 / 3,408 | 96 / 96 | 0 | 1 |
Rental Market Overview
Median Rent
$1,875
−1.8%
Median DOM
1
0.0%
New Listings
1,080
Inventory
1,726
+1.6%
- Average Rent: $2,038
- Median Rent: $1,875
- Rent Range: $475 – $8,375
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 981 / 865
- Square Footage Range: 300 – 4,091
- Days on Market (Avg/Median): 10 / 1
- Days on Market Range: 1 – 352
- New Listings: 1,080
- Total Listings: 1,726
Rentals by Property Type
Apartment
$1,860
Median DOM: 1
Inventory: 1,509
MoM: −1.8%
Condo
$1,595
Median DOM: 31
Inventory: 39
MoM: −1.8%
Single Family
$2,000
Median DOM: 14
Inventory: 98
MoM: −1.8%
Townhouse
$1,900
Median DOM: 36
Inventory: 78
MoM: −1.8%
Apartment
Avg/Median Rent$2,053 / $1,860Range$600 – $8,375Rent per Sq Ft$2 / $2Sq Ft888 / 803DOM6 / 1New1,035Total1,509
Condo
Avg/Median Rent$1,577 / $1,595Range$475 – $3,600Rent per Sq Ft$1 / $1Sq Ft1,202 / 1,152DOM52 / 31New10Total39
Multi-Family
Avg/Median Rent$1,125 / $1,125Range$1,125 – $1,125Rent per Sq Ft$1 / $1Sq Ft818 / 818DOM99 / 97New0Total2
Single Family
Avg/Median Rent$2,125 / $2,000Range$615 – $4,800Rent per Sq Ft$1 / $1Sq Ft1,857 / 1,661DOM31 / 14New23Total98
Townhouse
Avg/Median Rent$1,900 / $1,900Range$575 – $3,782Rent per Sq Ft$1 / $1Sq Ft1,705 / 1,697DOM63 / 36New12Total78
Rentals by Bedroom Count
Studio
Avg:$1,683Median:$1,638Range:$1,205 – $2,950PSF:$3 / $3Sq Ft:590 / 569DOM:3 / 1New:215Total:279
1 Beds
Avg:$1,781Median:$1,705Range:$575 – $4,975PSF:$2 / $2Sq Ft:784 / 764DOM:8 / 1New:438Total:691
2 Beds
Avg:$2,481Median:$2,330Range:$1,050 – $5,630PSF:$2 / $2Sq Ft:1,124 / 1,108DOM:8 / 1New:358Total:524
3 Beds
Avg:$2,209Median:$1,995Range:$1,324 – $8,375PSF:$1 / $1Sq Ft:1,634 / 1,603DOM:30 / 1New:62Total:198
4 Beds
Avg:$2,199Median:$2,200Range:$475 – $4,800PSF:$1 / $1Sq Ft:2,066 / 1,990DOM:42 / 14New:5Total:26
5 Beds
Avg:$2,965Median:$2,785Range:$2,345 – $3,899PSF:$1 / $1Sq Ft:3,309 / 3,078DOM:58 / 26New:2Total:8
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,683 | $1,638 | $1,205 – $2,950 | $3 / $3 | 590 / 569 | 3 / 1 | 215 | 279 |
| 1 Beds | $1,781 | $1,705 | $575 – $4,975 | $2 / $2 | 784 / 764 | 8 / 1 | 438 | 691 |
| 2 Beds | $2,481 | $2,330 | $1,050 – $5,630 | $2 / $2 | 1,124 / 1,108 | 8 / 1 | 358 | 524 |
| 3 Beds | $2,209 | $1,995 | $1,324 – $8,375 | $1 / $1 | 1,634 / 1,603 | 30 / 1 | 62 | 198 |
| 4 Beds | $2,199 | $2,200 | $475 – $4,800 | $1 / $1 | 2,066 / 1,990 | 42 / 14 | 5 | 26 |
| 5 Beds | $2,965 | $2,785 | $2,345 – $3,899 | $1 / $1 | 3,309 / 3,078 | 58 / 26 | 2 | 8 |
6-Month Sales Trend
Oct 2025
Median Price:$449,000Median DOM:52New:127Total:464
Nov 2025
Median Price:$425,000Median DOM:55New:87Total:450
Dec 2025
Median Price:$410,000Median DOM:65New:70Total:397
Jan 2026
Median Price:$419,000Median DOM:57New:121Total:396
Feb 2026
Median Price:$425,000Median DOM:44New:109Total:411
Mar 2026
Median Price:$424,900Median DOM:42New:52Total:412
6-Month Rental Trend
Oct 2025
Median Rent:$1,750Median DOM:1New:781Total:1,059
Nov 2025
Median Rent:$1,850Median DOM:1New:858Total:1,322
Dec 2025
Median Rent:$1,795Median DOM:1New:882Total:1,171
Jan 2026
Median Rent:$1,955Median DOM:1New:1,353Total:1,674
Feb 2026
Median Rent:$1,910Median DOM:1New:1,366Total:1,699
Mar 2026
Median Rent:$1,875Median DOM:1New:1,080Total:1,726
Key Market Takeaways
Median sale prices softened 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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