ZIP 27605 Housing Market Report
Raleigh Metro
Report period: March 2026
27605 Monthly Market Update – March 2026
ZIP 27605 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$379,900
−2.3%
Median DOM (Sales)
54
+20.0%
New Listings (Sales)
5
−50.0%
Median Rent
$1,809
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
446
+0.7%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (24 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($2,499,000 median)
Sales Market Overview
Median Price
$379,900
−2.3%
Median DOM
54
+20.0%
New Listings
5
−50.0%
Inventory
56
+3.7%
- Average Price: $661,837
- Median Price: $379,900
- Price Range: $200,000 – $2,975,000
- Price per Sq Ft (Avg/Median): $433 / $410
- Square Footage (Avg/Median): 1,470 / 974
- Square Footage Range: 488 – 5,682
- Days on Market (Avg/Median): 70 / 54
- Days on Market Range: 3 – 294
- New Listings: 5
- Total Listings: 56
Sales by Property Type
Condo
Avg/Median Price$434,540 / $359,900Range$200,000 – $1,590,000Price per Sq Ft$426 / $399Sq Ft1,005 / 927DOM69 / 54New3Total43
Land
Avg/Median Price$800,000 / $800,000Range$800,000 – $800,000Price per Sq Ft—Sq Ft—DOM88 / 88New0Total1
Multi-Family
Avg/Median Price$1,295,000 / $1,295,000Range$1,295,000 – $1,295,000Price per Sq Ft$496 / $496Sq Ft2,610 / 2,610DOM61 / 61New0Total1
Single Family
Avg/Median Price$1,551,269 / $1,200,000Range$789,000 – $2,975,000Price per Sq Ft$467 / $429Sq Ft3,286 / 2,596DOM71 / 24New2Total10
Townhouse
Avg/Median Price$770,000 / $770,000Range$770,000 – $770,000Price per Sq Ft$360 / $360Sq Ft2,141 / 2,141DOM110 / 110New0Total1
Sales by Bedroom Count
1 Beds
Avg:$315,005Median:$300,000Range:$200,000 – $625,000PSF:$440 / $423Sq Ft:726 / 734DOM:69 / 53New:2Total:19
2 Beds
Avg:$399,484Median:$375,000Range:$325,000 – $525,000PSF:$396 / $371Sq Ft:1,016 / 974DOM:69 / 55New:1Total:19
3 Beds
Avg:$983,612Median:$789,000Range:$450,000 – $1,590,000PSF:$468 / $368Sq Ft:2,056 / 2,141DOM:55 / 34New:2Total:8
4 Beds
Avg:$1,369,998Median:$1,399,000Range:$950,000 – $1,900,990PSF:$457 / $429Sq Ft:3,012 / 2,596DOM:74 / 24New:0Total:5
5 Beds
Avg:$2,737,000Median:$2,499,000Range:$2,499,000 – $2,975,000PSF:$539 / $524Sq Ft:5,094 / 4,507DOM:149 / 149New:0Total:2
6 Beds
Avg:$1,247,350Median:$1,199,700Range:$1,199,700 – $1,295,000PSF:$422 / $348Sq Ft:3,027 / 2,610DOM:84 / 61New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $315,005 | $300,000 | $200,000 – $625,000 | $440 / $423 | 726 / 734 | 69 / 53 | 2 | 19 |
| 2 Beds | $399,484 | $375,000 | $325,000 – $525,000 | $396 / $371 | 1,016 / 974 | 69 / 55 | 1 | 19 |
| 3 Beds | $983,612 | $789,000 | $450,000 – $1,590,000 | $468 / $368 | 2,056 / 2,141 | 55 / 34 | 2 | 8 |
| 4 Beds | $1,369,998 | $1,399,000 | $950,000 – $1,900,990 | $457 / $429 | 3,012 / 2,596 | 74 / 24 | 0 | 5 |
| 5 Beds | $2,737,000 | $2,499,000 | $2,499,000 – $2,975,000 | $539 / $524 | 5,094 / 4,507 | 149 / 149 | 0 | 2 |
| 6 Beds | $1,247,350 | $1,199,700 | $1,199,700 – $1,295,000 | $422 / $348 | 3,027 / 2,610 | 84 / 61 | 0 | 2 |
Rental Market Overview
Median Rent
$1,809
0.0%
Median DOM
1
0.0%
New Listings
307
Inventory
446
+0.7%
- Average Rent: $1,807
- Median Rent: $1,809
- Rent Range: $950 – $3,286
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 830 / 747
- Square Footage Range: 252 – 1,600
- Days on Market (Avg/Median): 5 / 1
- Days on Market Range: 1 – 324
- New Listings: 307
- Total Listings: 446
Rentals by Property Type
Apartment
$1,819
Median DOM: 1
Inventory: 418
MoM: 0.0%
Condo
$1,650
Median DOM: 28
Inventory: 20
MoM: 0.0%
Single Family
$1,295
Median DOM: 1
Inventory: 4
MoM: 0.0%
Townhouse
$1,650
Median DOM: 1
Inventory: 3
MoM: 0.0%
Apartment
Avg/Median Rent$1,814 / $1,819Range$950 – $3,286Rent per Sq Ft$2 / $2Sq Ft827 / 747DOM3 / 1New301Total418
Condo
Avg/Median Rent$1,699 / $1,650Range$1,195 – $2,600Rent per Sq Ft$2 / $2Sq Ft914 / 978DOM58 / 28New4Total20
Multi-Family
Avg/Median Rent$1,800 / $1,800Range$1,800 – $1,800Rent per Sq Ft$2 / $2Sq Ft750 / 750DOM67 / 67New0Total1
Single Family
Avg/Median Rent$1,711 / $1,295Range$1,200 – $2,500Rent per Sq Ft$2 / $1Sq Ft894 / 950DOM3 / 1New1Total4
Townhouse
Avg/Median Rent$1,623 / $1,650Range$1,295 – $1,925Rent per Sq Ft$2 / $2Sq Ft860 / 720DOM14 / 1New1Total3
Rentals by Bedroom Count
Studio
Avg:$1,389Median:$1,402Range:$950 – $1,814PSF:$3 / $3Sq Ft:547 / 532DOM:11 / 1New:26Total:36
1 Beds
Avg:$1,708Median:$1,799Range:$995 – $2,609PSF:$2 / $2Sq Ft:752 / 741DOM:4 / 1New:202Total:293
2 Beds
Avg:$2,175Median:$2,112Range:$1,199 – $3,286PSF:$2 / $2Sq Ft:1,108 / 1,097DOM:8 / 1New:76Total:110
3 Beds
Avg:$2,272Median:$2,019Range:$1,645 – $3,103PSF:$2 / $1Sq Ft:1,357 / 1,317DOM:3 / 1New:3Total:7
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,389 | $1,402 | $950 – $1,814 | $3 / $3 | 547 / 532 | 11 / 1 | 26 | 36 |
| 1 Beds | $1,708 | $1,799 | $995 – $2,609 | $2 / $2 | 752 / 741 | 4 / 1 | 202 | 293 |
| 2 Beds | $2,175 | $2,112 | $1,199 – $3,286 | $2 / $2 | 1,108 / 1,097 | 8 / 1 | 76 | 110 |
| 3 Beds | $2,272 | $2,019 | $1,645 – $3,103 | $2 / $1 | 1,357 / 1,317 | 3 / 1 | 3 | 7 |
6-Month Sales Trend
Oct 2025
Median Price:$489,000Median DOM:84New:9Total:58
Nov 2025
Median Price:$490,000Median DOM:85New:11Total:60
Dec 2025
Median Price:$389,000Median DOM:101New:3Total:51
Jan 2026
Median Price:$425,000Median DOM:68New:18Total:54
Feb 2026
Median Price:$389,000Median DOM:45New:10Total:54
Mar 2026
Median Price:$379,900Median DOM:54New:5Total:56
6-Month Rental Trend
Oct 2025
Median Rent:$1,829Median DOM:1New:356Total:420
Nov 2025
Median Rent:$1,769Median DOM:1New:372Total:440
Dec 2025
Median Rent:$1,759Median DOM:1New:360Total:447
Jan 2026
Median Rent:$1,759Median DOM:1New:360Total:437
Feb 2026
Median Rent:$1,809Median DOM:1New:357Total:443
Mar 2026
Median Rent:$1,809Median DOM:1New:307Total:446
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing remained stable, 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.
272072720827231272432725227256272782731227344275022750327504275082751027511275122751327514275152751627517275182751927520275232752427525275262752727529+50 more
← Back to Raleigh Metro