ZIP 27603 Housing Market Report
Raleigh Metro
Report period: July 2026
27603 Monthly Market Update – July 2026
ZIP 27603 · Last updated Jul 11, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$449,000
−0.2%
Median DOM (Sales)
49
+2.1%
New Listings (Sales)
52
−44.7%
Median Rent
$1,842
−0.2%
Median DOM (Rental)
1
0.0%
Total Rental Listings
1,855
−0.6%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (36 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($700,000 median)
Sales Market Overview
Median Price
$449,000
−0.2%
Median DOM
49
+2.1%
New Listings
52
−44.7%
Inventory
426
+1.7%
- Average Price: $554,289
- Median Price: $449,000
- Price Range: $12,000 – $6,000,000
- Price per Sq Ft (Avg/Median): $256 / $224
- Square Footage (Avg/Median): 2,139 / 1,872
- Square Footage Range: 715 – 6,097
- Days on Market (Avg/Median): 67 / 49
- Days on Market Range: 1 – 312
- New Listings: 52
- Total Listings: 426
Sales by Property Type
Condo
Avg/Median Price$421,838 / $425,000Range$184,000 – $1,245,000Price per Sq Ft$336 / $362Sq Ft1,243 / 1,214DOM80 / 65New5Total61
Land
Avg/Median Price$739,171 / $250,000Range$12,000 – $6,000,000Price per Sq Ft—Sq Ft—DOM113 / 123New1Total35
Manufactured
Avg/Median Price$328,333 / $340,000Range$285,000 – $360,000Price per Sq Ft$211 / $209Sq Ft1,566 / 1,608DOM146 / 155New0Total3
Multi-Family
Avg/Median Price$403,333 / $265,000Range$245,000 – $700,000Price per Sq Ft$194 / $191Sq Ft2,037 / 1,391DOM201 / 218New0Total3
Single Family
Avg/Median Price$626,130 / $533,000Range$120,000 – $1,925,000Price per Sq Ft$244 / $228Sq Ft2,543 / 2,489DOM59 / 36New32Total237
Townhouse
Avg/Median Price$390,069 / $335,000Range$240,000 – $1,245,000Price per Sq Ft$233 / $198Sq Ft1,689 / 1,628DOM57 / 50New14Total87
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:$350,300Median:$359,000Range:$120,000 – $600,000PSF:$358 / $375Sq Ft:975 / 953DOM:99 / 79New:1Total:13
2 Beds
Avg:$395,112Median:$419,000Range:$184,000 – $685,000PSF:$315 / $327Sq Ft:1,248 / 1,246DOM:71 / 69New:7Total:57
3 Beds
Avg:$442,188Median:$369,990Range:$179,000 – $1,245,000PSF:$240 / $214Sq Ft:1,881 / 1,686DOM:57 / 38New:27Total:195
4 Beds
Avg:$795,018Median:$630,000Range:$265,000 – $1,925,000PSF:$252 / $228Sq Ft:3,033 / 2,965DOM:73 / 54New:8Total:91
5 Beds
Avg:$732,748Median:$550,000Range:$459,000 – $1,835,000PSF:$222 / $196Sq Ft:3,184 / 3,020DOM:49 / 37New:7Total:30
6 Beds
Avg:$515,000Median:$525,000Range:$460,000 – $560,000PSF:$176 / $181Sq Ft:2,934 / 2,968DOM:33 / 36New:1Total:3
8 Beds
Avg:$700,000Median:$700,000Range:$700,000 – $700,000PSF:$205 / $205Sq Ft:3,408 / 3,408DOM:218 / 218New: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 | $350,300 | $359,000 | $120,000 – $600,000 | $358 / $375 | 975 / 953 | 99 / 79 | 1 | 13 |
| 2 Beds | $395,112 | $419,000 | $184,000 – $685,000 | $315 / $327 | 1,248 / 1,246 | 71 / 69 | 7 | 57 |
| 3 Beds | $442,188 | $369,990 | $179,000 – $1,245,000 | $240 / $214 | 1,881 / 1,686 | 57 / 38 | 27 | 195 |
| 4 Beds | $795,018 | $630,000 | $265,000 – $1,925,000 | $252 / $228 | 3,033 / 2,965 | 73 / 54 | 8 | 91 |
| 5 Beds | $732,748 | $550,000 | $459,000 – $1,835,000 | $222 / $196 | 3,184 / 3,020 | 49 / 37 | 7 | 30 |
| 6 Beds | $515,000 | $525,000 | $460,000 – $560,000 | $176 / $181 | 2,934 / 2,968 | 33 / 36 | 1 | 3 |
| 8 Beds | $700,000 | $700,000 | $700,000 – $700,000 | $205 / $205 | 3,408 / 3,408 | 218 / 218 | 0 | 1 |
Rental Market Overview
Median Rent
$1,842
−0.2%
Median DOM
1
0.0%
New Listings
1,036
Inventory
1,855
−0.6%
- Average Rent: $1,993
- Median Rent: $1,842
- Rent Range: $475 – $7,608
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 985 / 875
- Square Footage Range: 300 – 3,788
- Days on Market (Avg/Median): 9 / 1
- Days on Market Range: 1 – 364
- New Listings: 1,036
- Total Listings: 1,855
Rentals by Property Type
Apartment
$1,804
Median DOM: 1
Inventory: 1,628
MoM: −0.2%
Condo
$1,595
Median DOM: 26
Inventory: 40
MoM: −0.2%
Single Family
$2,095
Median DOM: 7
Inventory: 109
MoM: −0.2%
Townhouse
$1,995
Median DOM: 20
Inventory: 73
MoM: −0.2%
Apartment
Avg/Median Rent$1,996 / $1,804Range$575 – $7,608Rent per Sq Ft$2 / $2Sq Ft905 / 818DOM5 / 1New978Total1,628
Condo
Avg/Median Rent$1,570 / $1,595Range$475 – $3,200Rent per Sq Ft$1 / $1Sq Ft1,260 / 1,240DOM58 / 26New11Total40
Multi-Family
Avg/Median Rent$1,753 / $1,625Range$1,125 – $2,940Rent per Sq Ft$2 / $1Sq Ft1,148 / 1,310DOM34 / 26New1Total5
Single Family
Avg/Median Rent$2,122 / $2,095Range$625 – $3,899Rent per Sq Ft$1 / $1Sq Ft1,761 / 1,650DOM17 / 7New33Total109
Townhouse
Avg/Median Rent$1,987 / $1,995Range$575 – $5,844Rent per Sq Ft$1 / $1Sq Ft1,668 / 1,682DOM43 / 20New13Total73
Rentals by Bedroom Count
Studio
Avg:$1,576Median:$1,542Range:$949 – $2,292PSF:$3 / $3Sq Ft:582 / 569DOM:5 / 1New:183Total:281
1 Beds
Avg:$1,740Median:$1,675Range:$575 – $4,548PSF:$2 / $2Sq Ft:776 / 764DOM:6 / 1New:392Total:708
2 Beds
Avg:$2,367Median:$2,200Range:$925 – $5,700PSF:$2 / $2Sq Ft:1,110 / 1,095DOM:8 / 1New:353Total:559
3 Beds
Avg:$2,281Median:$2,049Range:$1,343 – $7,608PSF:$1 / $1Sq Ft:1,566 / 1,558DOM:16 / 1New:101Total:265
4 Beds
Avg:$2,188Median:$2,399Range:$475 – $3,850PSF:$1 / $1Sq Ft:2,087 / 2,164DOM:45 / 18New:7Total:39
5 Beds
Avg:$3,228Median:$3,195Range:$2,590 – $3,899PSF:$1 / $1Sq Ft:2,831 / 2,606DOM:18 / 26New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,576 | $1,542 | $949 – $2,292 | $3 / $3 | 582 / 569 | 5 / 1 | 183 | 281 |
| 1 Beds | $1,740 | $1,675 | $575 – $4,548 | $2 / $2 | 776 / 764 | 6 / 1 | 392 | 708 |
| 2 Beds | $2,367 | $2,200 | $925 – $5,700 | $2 / $2 | 1,110 / 1,095 | 8 / 1 | 353 | 559 |
| 3 Beds | $2,281 | $2,049 | $1,343 – $7,608 | $1 / $1 | 1,566 / 1,558 | 16 / 1 | 101 | 265 |
| 4 Beds | $2,188 | $2,399 | $475 – $3,850 | $1 / $1 | 2,087 / 2,164 | 45 / 18 | 7 | 39 |
| 5 Beds | $3,228 | $3,195 | $2,590 – $3,899 | $1 / $1 | 2,831 / 2,606 | 18 / 26 | 0 | 3 |
6-Month Sales Trend
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:$444,990Median DOM:35New:139Total:463
Jun 2026
Median Price:$449,990Median DOM:48New:94Total:419
Jul 2026
Median Price:$449,000Median DOM:49New:52Total:426
6-Month Rental Trend
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:$1,845Median DOM:1New:1,383Total:1,885
Jun 2026
Median Rent:$1,845Median DOM:1New:1,318Total:1,866
Jul 2026
Median Rent:$1,842Median DOM:1New:1,036Total:1,855
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing eased, 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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