ZIP 27603 Housing Market Report
Raleigh Metro
Report period: May 2026
27603 Monthly Market Update – May 2026
ZIP 27603 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$430,000
+0.2%
Median DOM (Sales)
35
−14.6%
New Listings (Sales)
64
−39.6%
Median Rent
$1,865
+1.8%
Median DOM (Rental)
1
0.0%
Total Rental Listings
1,811
−4.5%
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: Apartment (9 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($700,000 median)
Sales Market Overview
Median Price
$430,000
+0.2%
Median DOM
35
−14.6%
New Listings
64
−39.6%
Inventory
461
+6.5%
- Average Price: $550,785
- Median Price: $430,000
- Price Range: $12,000 – $6,000,000
- Price per Sq Ft (Avg/Median): $262 / $220
- Square Footage (Avg/Median): 2,090 / 1,861
- Square Footage Range: 715 – 4,833
- Days on Market (Avg/Median): 62 / 35
- Days on Market Range: 1 – 365
- New Listings: 64
- Total Listings: 461
Sales by Property Type
Apartment
Avg/Median Price$450,000 / $450,000Range$450,000 – $450,000Price per Sq Ft$361 / $361Sq Ft1,246 / 1,246DOM9 / 9New1Total1
Condo
Avg/Median Price$434,083 / $425,000Range$185,000 – $1,375,000Price per Sq Ft$342 / $363Sq Ft1,277 / 1,232DOM71 / 54New6Total62
Land
Avg/Median Price$798,732 / $250,000Range$12,000 – $6,000,000Price per Sq Ft—Sq Ft—DOM93 / 76New5Total37
Manufactured
Avg/Median Price$1,117,400 / $289,900Range$255,000 – $5,170,000Price per Sq Ft$845 / $180Sq Ft1,623 / 1,608DOM85 / 43New0Total6
Multi-Family
Avg/Median Price$406,633 / $274,900Range$245,000 – $700,000Price per Sq Ft$197 / $198Sq Ft2,037 / 1,391DOM140 / 157New0Total3
Single Family
Avg/Median Price$602,235 / $490,000Range$125,000 – $1,925,000Price per Sq Ft$245 / $228Sq Ft2,458 / 2,361DOM56 / 29New40Total255
Townhouse
Avg/Median Price$365,993 / $332,470Range$250,000 – $1,295,000Price per Sq Ft$220 / $199Sq Ft1,682 / 1,628DOM60 / 29New12Total97
Sales by Bedroom Count
Studio
Avg:$475,000Median:$475,000Range:$475,000 – $475,000PSF:$246 / $246Sq Ft:1,929 / 1,929DOM:6 / 6New:0Total:1
1 Beds
Avg:$363,092Median:$340,000Range:$269,900 – $600,000PSF:$381 / $382Sq Ft:954 / 953DOM:84 / 69New:1Total:13
2 Beds
Avg:$399,298Median:$410,000Range:$209,900 – $699,000PSF:$319 / $339Sq Ft:1,251 / 1,248DOM:73 / 53New:6Total:63
3 Beds
Avg:$444,686Median:$372,500Range:$125,000 – $5,170,000PSF:$248 / $206Sq Ft:1,868 / 1,660DOM:51 / 21New:33Total:226
4 Beds
Avg:$781,017Median:$640,000Range:$274,000 – $1,925,000PSF:$250 / $225Sq Ft:3,015 / 2,991DOM:72 / 46New:12Total:94
5 Beds
Avg:$745,885Median:$567,010Range:$459,900 – $1,700,000PSF:$221 / $198Sq Ft:3,229 / 3,031DOM:51 / 23New:7Total:26
8 Beds
Avg:$700,000Median:$700,000Range:$700,000 – $700,000PSF:$205 / $205Sq Ft:3,408 / 3,408DOM:157 / 157New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $475,000 | $475,000 | $475,000 – $475,000 | $246 / $246 | 1,929 / 1,929 | 6 / 6 | 0 | 1 |
| 1 Beds | $363,092 | $340,000 | $269,900 – $600,000 | $381 / $382 | 954 / 953 | 84 / 69 | 1 | 13 |
| 2 Beds | $399,298 | $410,000 | $209,900 – $699,000 | $319 / $339 | 1,251 / 1,248 | 73 / 53 | 6 | 63 |
| 3 Beds | $444,686 | $372,500 | $125,000 – $5,170,000 | $248 / $206 | 1,868 / 1,660 | 51 / 21 | 33 | 226 |
| 4 Beds | $781,017 | $640,000 | $274,000 – $1,925,000 | $250 / $225 | 3,015 / 2,991 | 72 / 46 | 12 | 94 |
| 5 Beds | $745,885 | $567,010 | $459,900 – $1,700,000 | $221 / $198 | 3,229 / 3,031 | 51 / 23 | 7 | 26 |
| 8 Beds | $700,000 | $700,000 | $700,000 – $700,000 | $205 / $205 | 3,408 / 3,408 | 157 / 157 | 0 | 1 |
Rental Market Overview
Median Rent
$1,865
+1.8%
Median DOM
1
0.0%
New Listings
1,078
Inventory
1,811
−4.5%
- Average Rent: $2,010
- Median Rent: $1,865
- Rent Range: $475 – $7,608
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 964 / 840
- Square Footage Range: 300 – 3,788
- Days on Market (Avg/Median): 8 / 1
- Days on Market Range: 1 – 358
- New Listings: 1,078
- Total Listings: 1,811
Rentals by Property Type
Apartment
$1,855
Median DOM: 1
Inventory: 1,606
MoM: +1.8%
Condo
$1,550
Median DOM: 66
Inventory: 35
MoM: +1.8%
Single Family
$2,050
Median DOM: 1
Inventory: 97
MoM: +1.8%
Townhouse
$1,900
Median DOM: 20
Inventory: 71
MoM: +1.8%
Apartment
Avg/Median Rent$2,020 / $1,855Range$575 – $7,608Rent per Sq Ft$2 / $2Sq Ft881 / 803DOM5 / 1New1,037Total1,606
Condo
Avg/Median Rent$1,443 / $1,550Range$475 – $3,200Rent per Sq Ft$1 / $1Sq Ft1,274 / 1,214DOM75 / 66New6Total35
Multi-Family
Avg/Median Rent$2,032 / $1,125Range$1,125 – $2,940Rent per Sq Ft$2 / $1Sq Ft1,184 / 818DOM73 / 15New0Total2
Single Family
Avg/Median Rent$2,134 / $2,050Range$615 – $4,300Rent per Sq Ft$1 / $1Sq Ft1,809 / 1,700DOM16 / 1New19Total97
Townhouse
Avg/Median Rent$1,895 / $1,900Range$575 – $3,560Rent per Sq Ft$1 / $1Sq Ft1,665 / 1,682DOM40 / 20New16Total71
Rentals by Bedroom Count
Studio
Avg:$1,618Median:$1,549Range:$995 – $2,755PSF:$3 / $3Sq Ft:591 / 569DOM:4 / 1New:220Total:310
1 Beds
Avg:$1,756Median:$1,685Range:$575 – $3,220PSF:$2 / $2Sq Ft:780 / 764DOM:7 / 1New:435Total:728
2 Beds
Avg:$2,487Median:$2,335Range:$999 – $5,700PSF:$2 / $2Sq Ft:1,113 / 1,108DOM:7 / 1New:338Total:525
3 Beds
Avg:$2,244Median:$1,995Range:$1,400 – $7,608PSF:$1 / $1Sq Ft:1,615 / 1,603DOM:19 / 1New:81Total:210
4 Beds
Avg:$2,106Median:$2,224Range:$475 – $4,300PSF:$1 / $1Sq Ft:1,993 / 1,990DOM:36 / 13New:3Total:34
5 Beds
Avg:$2,908Median:$2,590Range:$2,395 – $3,899PSF:$1 / $1Sq Ft:2,732 / 2,548DOM:10 / 1New:1Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,618 | $1,549 | $995 – $2,755 | $3 / $3 | 591 / 569 | 4 / 1 | 220 | 310 |
| 1 Beds | $1,756 | $1,685 | $575 – $3,220 | $2 / $2 | 780 / 764 | 7 / 1 | 435 | 728 |
| 2 Beds | $2,487 | $2,335 | $999 – $5,700 | $2 / $2 | 1,113 / 1,108 | 7 / 1 | 338 | 525 |
| 3 Beds | $2,244 | $1,995 | $1,400 – $7,608 | $1 / $1 | 1,615 / 1,603 | 19 / 1 | 81 | 210 |
| 4 Beds | $2,106 | $2,224 | $475 – $4,300 | $1 / $1 | 1,993 / 1,990 | 36 / 13 | 3 | 34 |
| 5 Beds | $2,908 | $2,590 | $2,395 – $3,899 | $1 / $1 | 2,732 / 2,548 | 10 / 1 | 1 | 4 |
6-Month Sales Trend
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:$430,000Median DOM:36New:118Total:421
Apr 2026
Median Price:$429,000Median DOM:41New:106Total:433
May 2026
Median Price:$430,000Median DOM:35New:64Total:461
6-Month Rental Trend
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:$1,850Median DOM:1New:1,463Total:1,841
Apr 2026
Median Rent:$1,832Median DOM:1New:1,432Total:1,896
May 2026
Median Rent:$1,865Median DOM:1New:1,078Total:1,811
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.
272072720827231272432725227256272782731227344275022750327504275082751027511275122751327514275152751627517275182751927520275232752427525275262752727529+50 more
← Back to Raleigh Metro