ZIP 27606 Housing Market Report
Raleigh Metro
Report period: March 2026
27606 Monthly Market Update – March 2026
ZIP 27606 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$424,000
0.0%
Median DOM (Sales)
31
−31.1%
New Listings (Sales)
23
−48.9%
Median Rent
$1,402
+0.2%
Median DOM (Rental)
1
0.0%
Total Rental Listings
1,009
+1.2%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Manufactured (13 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($2,300,000 median)
Sales Market Overview
Median Price
$424,000
0.0%
Median DOM
31
−31.1%
New Listings
23
−48.9%
Inventory
174
+2.4%
- Average Price: $546,059
- Median Price: $424,000
- Price Range: $124,500 – $5,750,000
- Price per Sq Ft (Avg/Median): $253 / $238
- Square Footage (Avg/Median): 2,007 / 1,737
- Square Footage Range: 540 – 9,227
- Days on Market (Avg/Median): 71 / 31
- Days on Market Range: 2 – 349
- New Listings: 23
- Total Listings: 174
Sales by Property Type
Condo
Avg/Median Price$245,782 / $255,000Range$124,500 – $430,000Price per Sq Ft$234 / $218Sq Ft1,062 / 1,056DOM57 / 20New3Total22
Land
Avg/Median Price$744,933 / $460,000Range$179,000 – $5,750,000Price per Sq Ft—Sq Ft—DOM222 / 270New0Total15
Manufactured
Avg/Median Price$193,500 / $190,000Range$190,000 – $197,000Price per Sq Ft$119 / $111Sq Ft1,638 / 1,506DOM17 / 13New0Total2
Multi-Family
Avg/Median Price$356,000 / $356,000Range$356,000 – $356,000Price per Sq Ft$261 / $261Sq Ft1,363 / 1,363DOM53 / 53New0Total1
Single Family
Avg/Median Price$779,404 / $624,900Range$329,000 – $2,935,000Price per Sq Ft$289 / $280Sq Ft2,669 / 2,106DOM66 / 34New8Total69
Townhouse
Avg/Median Price$367,865 / $359,900Range$179,900 – $539,900Price per Sq Ft$224 / $227Sq Ft1,645 / 1,638DOM68 / 31New12Total65
Sales by Bedroom Count
1 Beds
Avg:$144,750Median:$124,500Range:$124,500 – $165,000PSF:$247 / $188Sq Ft:600 / 540DOM:85 / 70New:0Total:2
2 Beds
Avg:$269,500Median:$265,000Range:$140,000 – $430,000PSF:$227 / $221Sq Ft:1,191 / 1,207DOM:74 / 32New:4Total:34
3 Beds
Avg:$471,428Median:$445,000Range:$190,000 – $799,900PSF:$256 / $249Sq Ft:1,861 / 1,788DOM:67 / 29New:9Total:74
4 Beds
Avg:$726,457Median:$500,000Range:$270,999 – $2,935,000PSF:$261 / $243Sq Ft:2,595 / 2,259DOM:49 / 19New:9Total:43
5 Beds
Avg:$1,342,375Median:$1,295,000Range:$1,049,500 – $1,725,000PSF:$334 / $306Sq Ft:4,072 / 3,505DOM:105 / 103New:0Total:4
7 Beds
Avg:$2,300,000Median:$2,300,000Range:$2,300,000 – $2,300,000PSF:$249 / $249Sq Ft:9,227 / 9,227DOM:97 / 97New:0Total:1
8 Beds
Avg:$595,000Median:$595,000Range:$595,000 – $595,000PSF:$237 / $237Sq Ft:2,509 / 2,509DOM:8 / 8New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $144,750 | $124,500 | $124,500 – $165,000 | $247 / $188 | 600 / 540 | 85 / 70 | 0 | 2 |
| 2 Beds | $269,500 | $265,000 | $140,000 – $430,000 | $227 / $221 | 1,191 / 1,207 | 74 / 32 | 4 | 34 |
| 3 Beds | $471,428 | $445,000 | $190,000 – $799,900 | $256 / $249 | 1,861 / 1,788 | 67 / 29 | 9 | 74 |
| 4 Beds | $726,457 | $500,000 | $270,999 – $2,935,000 | $261 / $243 | 2,595 / 2,259 | 49 / 19 | 9 | 43 |
| 5 Beds | $1,342,375 | $1,295,000 | $1,049,500 – $1,725,000 | $334 / $306 | 4,072 / 3,505 | 105 / 103 | 0 | 4 |
| 7 Beds | $2,300,000 | $2,300,000 | $2,300,000 – $2,300,000 | $249 / $249 | 9,227 / 9,227 | 97 / 97 | 0 | 1 |
| 8 Beds | $595,000 | $595,000 | $595,000 – $595,000 | $237 / $237 | 2,509 / 2,509 | 8 / 8 | 1 | 1 |
Rental Market Overview
Median Rent
$1,402
+0.2%
Median DOM
1
0.0%
New Listings
445
Inventory
1,009
+1.2%
- Average Rent: $1,531
- Median Rent: $1,402
- Rent Range: $475 – $6,250
- Rent per Sq Ft (Avg/Median): $2 / $1
- Square Footage (Avg/Median): 1,022 / 991
- Square Footage Range: 250 – 3,474
- Days on Market (Avg/Median): 17 / 1
- Days on Market Range: 1 – 356
- New Listings: 445
- Total Listings: 1,009
Rentals by Property Type
Apartment
$1,350
Median DOM: 1
Inventory: 824
MoM: +0.2%
Condo
$1,250
Median DOM: 25
Inventory: 43
MoM: +0.2%
Single Family
$2,100
Median DOM: 1
Inventory: 65
MoM: +0.2%
Townhouse
$1,800
Median DOM: 38
Inventory: 66
MoM: +0.2%
Apartment
Avg/Median Rent$1,448 / $1,350Range$600 – $5,821Rent per Sq Ft$2 / $2Sq Ft951 / 930DOM10 / 1New391Total824
Condo
Avg/Median Rent$1,264 / $1,250Range$475 – $2,800Rent per Sq Ft$1 / $1Sq Ft955 / 960DOM62 / 25New9Total43
Multi-Family
Avg/Median Rent$1,360 / $1,275Range$885 – $1,827Rent per Sq Ft$1 / $1Sq Ft1,061 / 1,008DOM138 / 98New1Total11
Single Family
Avg/Median Rent$2,272 / $2,100Range$650 – $6,250Rent per Sq Ft$2 / $1Sq Ft1,491 / 1,307DOM21 / 1New32Total65
Townhouse
Avg/Median Rent$2,041 / $1,800Range$700 – $4,000Rent per Sq Ft$1 / $1Sq Ft1,528 / 1,456DOM64 / 38New12Total66
Rentals by Bedroom Count
Studio
Avg:$1,024Median:$950Range:$912 – $1,800PSF:$2 / $2Sq Ft:555 / 500DOM:2 / 1New:3Total:13
1 Beds
Avg:$1,251Median:$1,229Range:$550 – $2,473PSF:$2 / $2Sq Ft:740 / 720DOM:10 / 1New:179Total:337
2 Beds
Avg:$1,512Median:$1,414Range:$995 – $2,650PSF:$1 / $1Sq Ft:1,062 / 1,050DOM:15 / 1New:202Total:476
3 Beds
Avg:$1,929Median:$1,800Range:$700 – $5,821PSF:$1 / $1Sq Ft:1,409 / 1,311DOM:32 / 1New:47Total:139
4 Beds
Avg:$2,540Median:$2,500Range:$475 – $4,200PSF:$2 / $2Sq Ft:1,743 / 1,530DOM:65 / 24New:13Total:40
5 Beds
Avg:$5,088Median:$5,000Range:$3,100 – $6,250PSF:$2 / $3Sq Ft:2,301 / 2,100DOM:12 / 1New:1Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,024 | $950 | $912 – $1,800 | $2 / $2 | 555 / 500 | 2 / 1 | 3 | 13 |
| 1 Beds | $1,251 | $1,229 | $550 – $2,473 | $2 / $2 | 740 / 720 | 10 / 1 | 179 | 337 |
| 2 Beds | $1,512 | $1,414 | $995 – $2,650 | $1 / $1 | 1,062 / 1,050 | 15 / 1 | 202 | 476 |
| 3 Beds | $1,929 | $1,800 | $700 – $5,821 | $1 / $1 | 1,409 / 1,311 | 32 / 1 | 47 | 139 |
| 4 Beds | $2,540 | $2,500 | $475 – $4,200 | $2 / $2 | 1,743 / 1,530 | 65 / 24 | 13 | 40 |
| 5 Beds | $5,088 | $5,000 | $3,100 – $6,250 | $2 / $3 | 2,301 / 2,100 | 12 / 1 | 1 | 4 |
6-Month Sales Trend
Oct 2025
Median Price:$473,775Median DOM:62New:45Total:208
Nov 2025
Median Price:$470,000Median DOM:66New:23Total:192
Dec 2025
Median Price:$455,000Median DOM:82New:25Total:157
Jan 2026
Median Price:$439,950Median DOM:64New:47Total:157
Feb 2026
Median Price:$424,000Median DOM:45New:45Total:170
Mar 2026
Median Price:$424,000Median DOM:31New:23Total:174
6-Month Rental Trend
Oct 2025
Median Rent:$1,453Median DOM:1New:610Total:893
Nov 2025
Median Rent:$1,437Median DOM:1New:607Total:906
Dec 2025
Median Rent:$1,399Median DOM:1New:598Total:935
Jan 2026
Median Rent:$1,398Median DOM:1New:643Total:980
Feb 2026
Median Rent:$1,399Median DOM:1New:657Total:997
Mar 2026
Median Rent:$1,402Median DOM:1New:445Total:1,009
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing increased, 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.
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