ZIP 27604 Housing Market Report
Raleigh Metro
Report period: March 2026
27604 Monthly Market Update – March 2026
ZIP 27604 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$350,000
0.0%
Median DOM (Sales)
26
−16.1%
New Listings (Sales)
57
−44.1%
Median Rent
$1,568
−2.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
743
−0.4%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Multi-Family (5 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($665,000 median)
Sales Market Overview
Median Price
$350,000
0.0%
Median DOM
26
−16.1%
New Listings
57
−44.1%
Inventory
293
+1.0%
- Average Price: $421,764
- Median Price: $350,000
- Price Range: $50,000 – $2,075,000
- Price per Sq Ft (Avg/Median): $232 / $203
- Square Footage (Avg/Median): 1,857 / 1,763
- Square Footage Range: 512 – 5,467
- Days on Market (Avg/Median): 63 / 26
- Days on Market Range: 1 – 363
- New Listings: 57
- Total Listings: 293
Sales by Property Type
Condo
Avg/Median Price$368,378 / $225,000Range$130,000 – $849,000Price per Sq Ft$254 / $247Sq Ft1,363 / 1,275DOM71 / 68New1Total18
Land
Avg/Median Price$174,445 / $110,000Range$50,000 – $475,000Price per Sq Ft—Sq Ft—DOM205 / 153New0Total11
Multi-Family
Avg/Median Price$532,500 / $400,000Range$400,000 – $665,000Price per Sq Ft$216 / $175Sq Ft2,436 / 2,280DOM6 / 5New0Total2
Single Family
Avg/Median Price$511,153 / $405,000Range$229,900 – $2,075,000Price per Sq Ft$254 / $223Sq Ft2,019 / 1,840DOM62 / 28New26Total160
Townhouse
Avg/Median Price$315,467 / $323,990Range$150,000 – $450,000Price per Sq Ft$194 / $190Sq Ft1,680 / 1,705DOM53 / 21New30Total102
Sales by Bedroom Count
Studio
Avg:$214,500Median:$130,000Range:$130,000 – $299,000PSF:$224 / $195Sq Ft:1,024 / 512DOM:15 / 12New:0Total:2
1 Beds
Avg:$183,375Median:$169,000Range:$130,000 – $225,000PSF:$257 / $253Sq Ft:730 / 712DOM:65 / 19New:1Total:4
2 Beds
Avg:$302,442Median:$250,000Range:$150,000 – $775,000PSF:$237 / $228Sq Ft:1,274 / 1,228DOM:83 / 48New:1Total:40
3 Beds
Avg:$391,910Median:$348,000Range:$150,000 – $1,300,000PSF:$225 / $199Sq Ft:1,759 / 1,742DOM:48 / 20New:42Total:175
4 Beds
Avg:$619,858Median:$435,000Range:$335,000 – $2,075,000PSF:$249 / $208Sq Ft:2,430 / 2,380DOM:75 / 26New:12Total:47
5 Beds
Avg:$720,225Median:$534,990Range:$449,000 – $2,000,000PSF:$218 / $178Sq Ft:3,281 / 3,324DOM:82 / 66New:1Total:12
6 Beds
Avg:$1,018,750Median:$665,000Range:$665,000 – $1,372,500PSF:$319 / $257Sq Ft:3,099 / 2,592DOM:103 / 7New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $214,500 | $130,000 | $130,000 – $299,000 | $224 / $195 | 1,024 / 512 | 15 / 12 | 0 | 2 |
| 1 Beds | $183,375 | $169,000 | $130,000 – $225,000 | $257 / $253 | 730 / 712 | 65 / 19 | 1 | 4 |
| 2 Beds | $302,442 | $250,000 | $150,000 – $775,000 | $237 / $228 | 1,274 / 1,228 | 83 / 48 | 1 | 40 |
| 3 Beds | $391,910 | $348,000 | $150,000 – $1,300,000 | $225 / $199 | 1,759 / 1,742 | 48 / 20 | 42 | 175 |
| 4 Beds | $619,858 | $435,000 | $335,000 – $2,075,000 | $249 / $208 | 2,430 / 2,380 | 75 / 26 | 12 | 47 |
| 5 Beds | $720,225 | $534,990 | $449,000 – $2,000,000 | $218 / $178 | 3,281 / 3,324 | 82 / 66 | 1 | 12 |
| 6 Beds | $1,018,750 | $665,000 | $665,000 – $1,372,500 | $319 / $257 | 3,099 / 2,592 | 103 / 7 | 0 | 2 |
Rental Market Overview
Median Rent
$1,568
−2.0%
Median DOM
1
0.0%
New Listings
383
Inventory
743
−0.4%
- Average Rent: $1,647
- Median Rent: $1,568
- Rent Range: $650 – $4,899
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,071 / 1,028
- Square Footage Range: 383 – 2,725
- Days on Market (Avg/Median): 14 / 1
- Days on Market Range: 1 – 342
- New Listings: 383
- Total Listings: 743
Rentals by Property Type
Apartment
$1,493
Median DOM: 1
Inventory: 572
MoM: −2.0%
Condo
$1,200
Median DOM: 29
Inventory: 7
MoM: −2.0%
Single Family
$1,970
Median DOM: 6
Inventory: 104
MoM: −2.0%
Townhouse
$1,700
Median DOM: 22
Inventory: 49
MoM: −2.0%
Apartment
Avg/Median Rent$1,584 / $1,493Range$840 – $4,899Rent per Sq Ft$2 / $2Sq Ft943 / 901DOM9 / 1New344Total572
Condo
Avg/Median Rent$1,399 / $1,200Range$1,150 – $1,975Rent per Sq Ft$2 / $2Sq Ft844 / 775DOM30 / 29New1Total7
Multi-Family
Avg/Median Rent$1,465 / $1,496Range$1,100 – $1,775Rent per Sq Ft$1 / $1Sq Ft1,045 / 1,035DOM46 / 43New1Total11
Single Family
Avg/Median Rent$1,966 / $1,970Range$650 – $3,600Rent per Sq Ft$1 / $1Sq Ft1,671 / 1,601DOM29 / 6New26Total104
Townhouse
Avg/Median Rent$1,778 / $1,700Range$1,125 – $3,500Rent per Sq Ft$1 / $1Sq Ft1,406 / 1,330DOM37 / 22New11Total49
Rentals by Bedroom Count
Studio
Avg:$1,437Median:$1,365Range:$937 – $2,228PSF:$2 / $2Sq Ft:661 / 594DOM:19 / 1New:19Total:31
1 Beds
Avg:$1,390Median:$1,390Range:$650 – $2,335PSF:$2 / $2Sq Ft:773 / 750DOM:11 / 1New:141Total:261
2 Beds
Avg:$1,686Median:$1,616Range:$1,095 – $4,369PSF:$2 / $2Sq Ft:1,087 / 1,097DOM:12 / 1New:164Total:299
3 Beds
Avg:$1,991Median:$1,894Range:$1,335 – $4,899PSF:$1 / $1Sq Ft:1,531 / 1,493DOM:19 / 1New:50Total:122
4 Beds
Avg:$2,266Median:$2,199Range:$1,980 – $3,200PSF:$1 / $1Sq Ft:2,109 / 2,111DOM:47 / 6New:8Total:26
5 Beds
Avg:$2,508Median:$2,500Range:$1,885 – $3,049PSF:$1 / $1Sq Ft:2,487 / 2,674DOM:21 / 3New:1Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,437 | $1,365 | $937 – $2,228 | $2 / $2 | 661 / 594 | 19 / 1 | 19 | 31 |
| 1 Beds | $1,390 | $1,390 | $650 – $2,335 | $2 / $2 | 773 / 750 | 11 / 1 | 141 | 261 |
| 2 Beds | $1,686 | $1,616 | $1,095 – $4,369 | $2 / $2 | 1,087 / 1,097 | 12 / 1 | 164 | 299 |
| 3 Beds | $1,991 | $1,894 | $1,335 – $4,899 | $1 / $1 | 1,531 / 1,493 | 19 / 1 | 50 | 122 |
| 4 Beds | $2,266 | $2,199 | $1,980 – $3,200 | $1 / $1 | 2,109 / 2,111 | 47 / 6 | 8 | 26 |
| 5 Beds | $2,508 | $2,500 | $1,885 – $3,049 | $1 / $1 | 2,487 / 2,674 | 21 / 3 | 1 | 4 |
6-Month Sales Trend
Oct 2025
Median Price:$349,900Median DOM:40New:93Total:333
Nov 2025
Median Price:$354,990Median DOM:42New:68Total:322
Dec 2025
Median Price:$355,000Median DOM:62New:58Total:289
Jan 2026
Median Price:$359,000Median DOM:55New:90Total:271
Feb 2026
Median Price:$350,000Median DOM:31New:102Total:290
Mar 2026
Median Price:$350,000Median DOM:26New:57Total:293
6-Month Rental Trend
Oct 2025
Median Rent:$1,570Median DOM:1New:404Total:642
Nov 2025
Median Rent:$1,575Median DOM:1New:455Total:655
Dec 2025
Median Rent:$1,561Median DOM:1New:454Total:655
Jan 2026
Median Rent:$1,550Median DOM:1New:481Total:709
Feb 2026
Median Rent:$1,600Median DOM:1New:494Total:746
Mar 2026
Median Rent:$1,568Median DOM:1New:383Total:743
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. Days on market declined, signaling improving 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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