ZIP 27603 Housing Market Report
Raleigh Metro
Report period: August 2026
27603 Monthly Market Update – August 2026
ZIP 27603 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$450,000
+1.1%
Median DOM (Sales)
56
0.0%
New Listings (Sales)
23
−77.2%
Median Rent
$1,833
+0.2%
Median DOM (Rental)
1
0.0%
Total Rental Listings
1,842
−1.9%
Month-over-Month Movement
Median sale prices moved higher. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (45 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($700,000 median)
Sales Market Overview
Median Price
$450,000
+1.1%
Median DOM
56
0.0%
New Listings
23
−77.2%
Inventory
409
−4.0%
- Average Price: $561,580
- Median Price: $450,000
- Price Range: $12,000 – $6,000,000
- Price per Sq Ft (Avg/Median): $258 / $223
- Square Footage (Avg/Median): 2,152 / 1,914
- Square Footage Range: 715 – 6,097
- Days on Market (Avg/Median): 75 / 56
- Days on Market Range: 1 – 340
- New Listings: 23
- Total Listings: 409
Sales by Property Type
Condo
Avg/Median Price$411,790 / $399,000Range$184,000 – $1,245,000Price per Sq Ft$331 / $359Sq Ft1,233 / 1,192DOM95 / 82New1Total60
Land
Avg/Median Price$795,892 / $120,900Range$12,000 – $6,000,000Price per Sq Ft—Sq Ft—DOM133 / 131New0Total28
Manufactured
Avg/Median Price$275,000 / $275,000Range$275,000 – $275,000Price per Sq Ft$171 / $171Sq Ft1,608 / 1,608DOM183 / 183New0Total1
Multi-Family
Avg/Median Price$403,333 / $265,000Range$245,000 – $700,000Price per Sq Ft$194 / $191Sq Ft2,037 / 1,391DOM223 / 248New0Total3
Single Family
Avg/Median Price$631,421 / $534,900Range$209,900 – $1,925,000Price per Sq Ft$247 / $227Sq Ft2,547 / 2,433DOM64 / 45New15Total236
Townhouse
Avg/Median Price$397,449 / $335,000Range$245,000 – $1,195,000Price per Sq Ft$238 / $199Sq Ft1,693 / 1,628DOM65 / 50New7Total81
Sales by Bedroom Count
Studio
Avg:$379,900Median:$379,900Range:$379,900 – $379,900PSF:$189 / $189Sq Ft:2,005 / 2,005DOM:2 / 2New:0Total:1
1 Beds
Avg:$357,825Median:$335,000Range:$245,000 – $600,000PSF:$369 / $375Sq Ft:965 / 950DOM:109 / 90New:1Total:12
2 Beds
Avg:$408,300Median:$399,000Range:$184,000 – $1,295,000PSF:$325 / $327Sq Ft:1,235 / 1,227DOM:81 / 69New:4Total:56
3 Beds
Avg:$438,366Median:$380,000Range:$208,990 – $1,195,000PSF:$239 / $212Sq Ft:1,881 / 1,733DOM:63 / 46New:12Total:190
4 Beds
Avg:$819,541Median:$675,000Range:$265,000 – $1,925,000PSF:$254 / $229Sq Ft:3,092 / 3,111DOM:81 / 62New:3Total:91
5 Beds
Avg:$706,790Median:$559,900Range:$425,000 – $1,835,000PSF:$219 / $194Sq Ft:3,137 / 3,031DOM:58 / 57New:3Total:25
6 Beds
Avg:$725,000Median:$560,000Range:$460,000 – $1,350,000PSF:$217 / $181Sq Ft:3,318 / 3,293DOM:33 / 20New:0Total:5
8 Beds
Avg:$700,000Median:$700,000Range:$700,000 – $700,000PSF:$205 / $205Sq Ft:3,408 / 3,408DOM:248 / 248New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $379,900 | $379,900 | $379,900 – $379,900 | $189 / $189 | 2,005 / 2,005 | 2 / 2 | 0 | 1 |
| 1 Beds | $357,825 | $335,000 | $245,000 – $600,000 | $369 / $375 | 965 / 950 | 109 / 90 | 1 | 12 |
| 2 Beds | $408,300 | $399,000 | $184,000 – $1,295,000 | $325 / $327 | 1,235 / 1,227 | 81 / 69 | 4 | 56 |
| 3 Beds | $438,366 | $380,000 | $208,990 – $1,195,000 | $239 / $212 | 1,881 / 1,733 | 63 / 46 | 12 | 190 |
| 4 Beds | $819,541 | $675,000 | $265,000 – $1,925,000 | $254 / $229 | 3,092 / 3,111 | 81 / 62 | 3 | 91 |
| 5 Beds | $706,790 | $559,900 | $425,000 – $1,835,000 | $219 / $194 | 3,137 / 3,031 | 58 / 57 | 3 | 25 |
| 6 Beds | $725,000 | $560,000 | $460,000 – $1,350,000 | $217 / $181 | 3,318 / 3,293 | 33 / 20 | 0 | 5 |
| 8 Beds | $700,000 | $700,000 | $700,000 – $700,000 | $205 / $205 | 3,408 / 3,408 | 248 / 248 | 0 | 1 |
Rental Market Overview
Median Rent
$1,833
+0.2%
Median DOM
1
0.0%
New Listings
1,082
Inventory
1,842
−1.9%
- Average Rent: $1,994
- Median Rent: $1,833
- Rent Range: $550 – $7,538
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 990 / 897
- Square Footage Range: 300 – 4,045
- Days on Market (Avg/Median): 8 / 1
- Days on Market Range: 1 – 343
- New Listings: 1,082
- Total Listings: 1,842
Rentals by Property Type
Apartment
$1,804
Median DOM: 1
Inventory: 1,610
MoM: +0.2%
Condo
$1,650
Median DOM: 10
Inventory: 45
MoM: +0.2%
Single Family
$2,000
Median DOM: 7
Inventory: 111
MoM: +0.2%
Townhouse
$1,995
Median DOM: 15
Inventory: 72
MoM: +0.2%
Apartment
Avg/Median Rent$1,999 / $1,804Range$575 – $7,538Rent per Sq Ft$2 / $2Sq Ft906 / 840DOM5 / 1New1,019Total1,610
Condo
Avg/Median Rent$1,683 / $1,650Range$550 – $3,500Rent per Sq Ft$1 / $1Sq Ft1,313 / 1,253DOM49 / 10New14Total45
Multi-Family
Avg/Median Rent$1,785 / $1,450Range$1,125 – $2,940Rent per Sq Ft$2 / $1Sq Ft1,107 / 818DOM54 / 37New0Total4
Single Family
Avg/Median Rent$2,106 / $2,000Range$625 – $3,950Rent per Sq Ft$1 / $1Sq Ft1,739 / 1,600DOM21 / 7New32Total111
Townhouse
Avg/Median Rent$1,932 / $1,995Range$575 – $2,710Rent per Sq Ft$1 / $1Sq Ft1,697 / 1,682DOM37 / 15New17Total72
Rentals by Bedroom Count
Studio
Avg:$1,615Median:$1,562Range:$949 – $2,755PSF:$3 / $3Sq Ft:602 / 578DOM:4 / 1New:179Total:282
1 Beds
Avg:$1,740Median:$1,679Range:$575 – $4,478PSF:$2 / $2Sq Ft:788 / 766DOM:6 / 1New:440Total:703
2 Beds
Avg:$2,371Median:$2,262Range:$925 – $5,630PSF:$2 / $2Sq Ft:1,121 / 1,095DOM:6 / 1New:369Total:570
3 Beds
Avg:$2,234Median:$1,995Range:$1,343 – $7,538PSF:$1 / $1Sq Ft:1,556 / 1,520DOM:18 / 1New:88Total:251
4 Beds
Avg:$2,218Median:$2,450Range:$550 – $3,750PSF:$1 / $1Sq Ft:2,080 / 2,164DOM:50 / 26New:4Total:33
5 Beds
Avg:$3,213Median:$2,995Range:$2,695 – $3,950PSF:$1 / $1Sq Ft:3,235 / 3,559DOM:20 / 3New:2Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,615 | $1,562 | $949 – $2,755 | $3 / $3 | 602 / 578 | 4 / 1 | 179 | 282 |
| 1 Beds | $1,740 | $1,679 | $575 – $4,478 | $2 / $2 | 788 / 766 | 6 / 1 | 440 | 703 |
| 2 Beds | $2,371 | $2,262 | $925 – $5,630 | $2 / $2 | 1,121 / 1,095 | 6 / 1 | 369 | 570 |
| 3 Beds | $2,234 | $1,995 | $1,343 – $7,538 | $1 / $1 | 1,556 / 1,520 | 18 / 1 | 88 | 251 |
| 4 Beds | $2,218 | $2,450 | $550 – $3,750 | $1 / $1 | 2,080 / 2,164 | 50 / 26 | 4 | 33 |
| 5 Beds | $3,213 | $2,995 | $2,695 – $3,950 | $1 / $1 | 3,235 / 3,559 | 20 / 3 | 2 | 3 |
6-Month Sales Trend
Mar 2026
Median Price:$430,000Median DOM:36New:118Total:421
Apr 2026
Median Price:$429,000Median DOM:41New:106Total:433
May 2026
Median Price:$444,990Median DOM:35New:139Total:463
Jun 2026
Median Price:$449,990Median DOM:48New:94Total:419
Jul 2026
Median Price:$444,990Median DOM:56New:101Total:426
Aug 2026
Median Price:$450,000Median DOM:56New:23Total:409
6-Month Rental Trend
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:$1,845Median DOM:1New:1,383Total:1,885
Jun 2026
Median Rent:$1,845Median DOM:1New:1,318Total:1,866
Jul 2026
Median Rent:$1,830Median DOM:1New:1,346Total:1,878
Aug 2026
Median Rent:$1,833Median DOM:1New:1,082Total:1,842
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market were unchanged, signaling steady 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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