ZIP 27607 Housing Market Report
Raleigh Metro
Report period: March 2026
27607 Monthly Market Update – March 2026
ZIP 27607 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$875,000
−5.4%
Median DOM (Sales)
62
−3.1%
New Listings (Sales)
9
−40.0%
Median Rent
$1,539
+0.2%
Median DOM (Rental)
1
0.0%
Total Rental Listings
573
+1.1%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Condo (41 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($2,690,000 median)
Sales Market Overview
Median Price
$875,000
−5.4%
Median DOM
62
−3.1%
New Listings
9
−40.0%
Inventory
86
+3.6%
- Average Price: $1,223,063
- Median Price: $875,000
- Price Range: $229,999 – $3,625,000
- Price per Sq Ft (Avg/Median): $403 / $421
- Square Footage (Avg/Median): 2,901 / 2,603
- Square Footage Range: 724 – 5,832
- Days on Market (Avg/Median): 95 / 62
- Days on Market Range: 2 – 357
- New Listings: 9
- Total Listings: 86
Sales by Property Type
Condo
Avg/Median Price$585,000 / $422,000Range$229,999 – $999,000Price per Sq Ft$399 / $425Sq Ft1,461 / 1,054DOM81 / 41New1Total7
Land
Avg/Median Price$978,725 / $925,000Range$489,900 – $1,250,000Price per Sq Ft—Sq Ft—DOM164 / 181New0Total4
Single Family
Avg/Median Price$1,464,123 / $1,120,000Range$375,000 – $3,625,000Price per Sq Ft$438 / $444Sq Ft3,247 / 2,983DOM97 / 55New5Total62
Townhouse
Avg/Median Price$492,145 / $429,000Range$299,900 – $995,000Price per Sq Ft$241 / $237Sq Ft2,021 / 2,090DOM74 / 64New3Total13
Sales by Bedroom Count
2 Beds
Avg:$535,422Median:$499,000Range:$299,900 – $799,000PSF:$486 / $466Sq Ft:1,146 / 1,071DOM:58 / 41New:1Total:9
3 Beds
Avg:$602,223Median:$575,000Range:$229,999 – $1,125,000PSF:$336 / $302Sq Ft:1,859 / 1,848DOM:95 / 63New:5Total:26
4 Beds
Avg:$1,307,642Median:$1,120,000Range:$357,000 – $3,000,000PSF:$383 / $400Sq Ft:3,256 / 3,128DOM:82 / 55New:3Total:31
5 Beds
Avg:$2,636,071Median:$2,690,000Range:$1,450,000 – $3,625,000PSF:$529 / $560Sq Ft:4,912 / 4,843DOM:143 / 138New:0Total:14
6 Beds
Avg:$1,675,000Median:$600,000Range:$600,000 – $2,750,000PSF:$328 / $147Sq Ft:4,741 / 4,077DOM:23 / 18New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $535,422 | $499,000 | $299,900 – $799,000 | $486 / $466 | 1,146 / 1,071 | 58 / 41 | 1 | 9 |
| 3 Beds | $602,223 | $575,000 | $229,999 – $1,125,000 | $336 / $302 | 1,859 / 1,848 | 95 / 63 | 5 | 26 |
| 4 Beds | $1,307,642 | $1,120,000 | $357,000 – $3,000,000 | $383 / $400 | 3,256 / 3,128 | 82 / 55 | 3 | 31 |
| 5 Beds | $2,636,071 | $2,690,000 | $1,450,000 – $3,625,000 | $529 / $560 | 4,912 / 4,843 | 143 / 138 | 0 | 14 |
| 6 Beds | $1,675,000 | $600,000 | $600,000 – $2,750,000 | $328 / $147 | 4,741 / 4,077 | 23 / 18 | 0 | 2 |
Rental Market Overview
Median Rent
$1,539
+0.2%
Median DOM
1
0.0%
New Listings
286
Inventory
573
+1.1%
- Average Rent: $1,631
- Median Rent: $1,539
- Rent Range: $779 – $6,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 951 / 840
- Square Footage Range: 509 – 3,400
- Days on Market (Avg/Median): 7 / 1
- Days on Market Range: 1 – 338
- New Listings: 286
- Total Listings: 573
Rentals by Property Type
Apartment
$1,504
Median DOM: 1
Inventory: 522
MoM: +0.2%
Condo
$1,795
Median DOM: 1
Inventory: 3
MoM: +0.2%
Single Family
$2,400
Median DOM: 9
Inventory: 33
MoM: +0.2%
Townhouse
$2,150
Median DOM: 38
Inventory: 10
MoM: +0.2%
Apartment
Avg/Median Rent$1,549 / $1,504Range$779 – $3,929Rent per Sq Ft$2 / $2Sq Ft901 / 810DOM5 / 1New276Total522
Condo
Avg/Median Rent$1,590 / $1,795Range$1,150 – $1,825Rent per Sq Ft$2 / $2Sq Ft997 / 950DOM6 / 1New1Total3
Multi-Family
Avg/Median Rent$2,117 / $1,845Range$1,500 – $3,495Rent per Sq Ft$2 / $2Sq Ft1,100 / 1,000DOM64 / 42New0Total5
Single Family
Avg/Median Rent$2,664 / $2,400Range$1,050 – $6,500Rent per Sq Ft$2 / $2Sq Ft1,579 / 1,500DOM22 / 9New9Total33
Townhouse
Avg/Median Rent$2,286 / $2,150Range$1,295 – $3,500Rent per Sq Ft$1 / $1Sq Ft1,802 / 1,648DOM53 / 38New0Total10
Rentals by Bedroom Count
Studio
Avg:$1,311Median:$1,309Range:$1,136 – $1,659PSF:$2 / $2Sq Ft:609 / 620DOM:25 / 1New:13Total:32
1 Beds
Avg:$1,410Median:$1,391Range:$779 – $2,870PSF:$2 / $2Sq Ft:742 / 743DOM:3 / 1New:149Total:273
2 Beds
Avg:$1,731Median:$1,715Range:$937 – $3,495PSF:$2 / $2Sq Ft:1,094 / 1,105DOM:7 / 1New:101Total:204
3 Beds
Avg:$2,098Median:$1,833Range:$1,478 – $4,800PSF:$1 / $1Sq Ft:1,501 / 1,375DOM:17 / 1New:21Total:53
4 Beds
Avg:$3,521Median:$3,500Range:$2,500 – $5,395PSF:$1 / $1Sq Ft:2,446 / 2,400DOM:29 / 14New:2Total:8
5 Beds
Avg:$5,033Median:$5,200Range:$3,400 – $6,500PSF:$2 / $1Sq Ft:2,476 / 2,149DOM:16 / 14New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,311 | $1,309 | $1,136 – $1,659 | $2 / $2 | 609 / 620 | 25 / 1 | 13 | 32 |
| 1 Beds | $1,410 | $1,391 | $779 – $2,870 | $2 / $2 | 742 / 743 | 3 / 1 | 149 | 273 |
| 2 Beds | $1,731 | $1,715 | $937 – $3,495 | $2 / $2 | 1,094 / 1,105 | 7 / 1 | 101 | 204 |
| 3 Beds | $2,098 | $1,833 | $1,478 – $4,800 | $1 / $1 | 1,501 / 1,375 | 17 / 1 | 21 | 53 |
| 4 Beds | $3,521 | $3,500 | $2,500 – $5,395 | $1 / $1 | 2,446 / 2,400 | 29 / 14 | 2 | 8 |
| 5 Beds | $5,033 | $5,200 | $3,400 – $6,500 | $2 / $1 | 2,476 / 2,149 | 16 / 14 | 0 | 3 |
6-Month Sales Trend
Oct 2025
Median Price:$849,900Median DOM:77New:28Total:121
Nov 2025
Median Price:$800,000Median DOM:81New:11Total:104
Dec 2025
Median Price:$830,000Median DOM:90New:6Total:89
Jan 2026
Median Price:$875,000Median DOM:89New:20Total:88
Feb 2026
Median Price:$924,900Median DOM:64New:15Total:83
Mar 2026
Median Price:$875,000Median DOM:62New:9Total:86
6-Month Rental Trend
Oct 2025
Median Rent:$1,599Median DOM:1New:365Total:542
Nov 2025
Median Rent:$1,503Median DOM:1New:333Total:499
Dec 2025
Median Rent:$1,567Median DOM:1New:397Total:521
Jan 2026
Median Rent:$1,509Median DOM:1New:365Total:581
Feb 2026
Median Rent:$1,536Median DOM:1New:410Total:567
Mar 2026
Median Rent:$1,539Median DOM:1New:286Total:573
Key Market Takeaways
Median sale prices softened 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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