ZIP 27608 Housing Market Report
Raleigh Metro
Report period: March 2026
27608 Monthly Market Update – March 2026
ZIP 27608 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$1,189,900
+5.8%
Median DOM (Sales)
33
−40.0%
New Listings (Sales)
22
−21.4%
Median Rent
$1,816
+0.3%
Median DOM (Rental)
1
0.0%
Total Rental Listings
168
+1.2%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Land (25 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($2,649,900 median)
Sales Market Overview
Median Price
$1,189,900
+5.8%
Median DOM
33
−40.0%
New Listings
22
−21.4%
Inventory
120
+12.1%
- Average Price: $1,369,205
- Median Price: $1,189,900
- Price Range: $313,000 – $4,695,000
- Price per Sq Ft (Avg/Median): $497 / $494
- Square Footage (Avg/Median): 2,809 / 2,744
- Square Footage Range: 876 – 7,502
- Days on Market (Avg/Median): 61 / 33
- Days on Market Range: 2 – 320
- New Listings: 22
- Total Listings: 120
Sales by Property Type
Condo
Avg/Median Price$1,340,406 / $1,495,000Range$313,000 – $3,295,000Price per Sq Ft$572 / $547Sq Ft2,286 / 2,280DOM68 / 29New5Total17
Land
Avg/Median Price$949,545 / $895,000Range$415,000 – $1,800,000Price per Sq Ft—Sq Ft—DOM51 / 25New1Total11
Single Family
Avg/Median Price$1,591,863 / $1,388,000Range$525,000 – $4,695,000Price per Sq Ft$482 / $464Sq Ft3,302 / 3,112DOM53 / 27New9Total53
Townhouse
Avg/Median Price$1,197,538 / $1,050,000Range$315,000 – $3,295,000Price per Sq Ft$485 / $509Sq Ft2,367 / 2,355DOM70 / 67New7Total39
Sales by Bedroom Count
1 Beds
Avg:$315,000Median:$315,000Range:$315,000 – $315,000PSF:$342 / $342Sq Ft:921 / 921DOM:63 / 63New:0Total:1
2 Beds
Avg:$732,900Median:$660,000Range:$313,000 – $1,995,000PSF:$511 / $494Sq Ft:1,410 / 1,334DOM:63 / 13New:5Total:15
3 Beds
Avg:$1,188,923Median:$1,040,000Range:$419,900 – $3,295,000PSF:$513 / $509Sq Ft:2,251 / 2,088DOM:55 / 45New:6Total:44
4 Beds
Avg:$1,550,739Median:$1,735,000Range:$735,000 – $3,250,000PSF:$475 / $473Sq Ft:3,220 / 3,002DOM:64 / 29New:9Total:32
5 Beds
Avg:$2,265,356Median:$1,895,000Range:$1,250,000 – $4,695,000PSF:$480 / $436Sq Ft:4,732 / 4,386DOM:67 / 33New:1Total:14
6 Beds
Avg:$2,966,633Median:$2,649,900Range:$1,750,000 – $4,500,000PSF:$549 / $455Sq Ft:5,270 / 5,943DOM:98 / 56New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $315,000 | $315,000 | $315,000 – $315,000 | $342 / $342 | 921 / 921 | 63 / 63 | 0 | 1 |
| 2 Beds | $732,900 | $660,000 | $313,000 – $1,995,000 | $511 / $494 | 1,410 / 1,334 | 63 / 13 | 5 | 15 |
| 3 Beds | $1,188,923 | $1,040,000 | $419,900 – $3,295,000 | $513 / $509 | 2,251 / 2,088 | 55 / 45 | 6 | 44 |
| 4 Beds | $1,550,739 | $1,735,000 | $735,000 – $3,250,000 | $475 / $473 | 3,220 / 3,002 | 64 / 29 | 9 | 32 |
| 5 Beds | $2,265,356 | $1,895,000 | $1,250,000 – $4,695,000 | $480 / $436 | 4,732 / 4,386 | 67 / 33 | 1 | 14 |
| 6 Beds | $2,966,633 | $2,649,900 | $1,750,000 – $4,500,000 | $549 / $455 | 5,270 / 5,943 | 98 / 56 | 0 | 3 |
Rental Market Overview
Median Rent
$1,816
+0.3%
Median DOM
1
0.0%
New Listings
116
Inventory
168
+1.2%
- Average Rent: $2,000
- Median Rent: $1,816
- Rent Range: $1,230 – $4,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,001 / 900
- Square Footage Range: 540 – 2,877
- Days on Market (Avg/Median): 8 / 1
- Days on Market Range: 1 – 136
- New Listings: 116
- Total Listings: 168
Rentals by Property Type
Apartment
$1,806
Median DOM: 1
Inventory: 142
MoM: +0.3%
Condo
$1,295
Median DOM: 37
Inventory: 2
MoM: +0.3%
Single Family
$2,495
Median DOM: 1
Inventory: 13
MoM: +0.3%
Townhouse
$2,000
Median DOM: 27
Inventory: 8
MoM: +0.3%
Apartment
Avg/Median Rent$1,934 / $1,806Range$1,230 – $3,339Rent per Sq Ft$2 / $2Sq Ft928 / 888DOM3 / 1New107Total142
Condo
Avg/Median Rent$1,448 / $1,295Range$1,295 – $1,600Rent per Sq Ft$2 / $2Sq Ft700 / 700DOM46 / 37New0Total2
Multi-Family
Avg/Median Rent$1,598 / $1,645Range$1,400 – $1,750Rent per Sq Ft$2 / $2Sq Ft813 / 780DOM101 / 134New0Total3
Single Family
Avg/Median Rent$2,640 / $2,495Range$1,375 – $4,000Rent per Sq Ft$2 / $2Sq Ft1,650 / 1,450DOM25 / 1New6Total13
Townhouse
Avg/Median Rent$2,417 / $2,000Range$1,450 – $3,500Rent per Sq Ft$2 / $2Sq Ft1,462 / 1,183DOM32 / 27New3Total8
Rentals by Bedroom Count
Studio
Avg:$1,551Median:$1,595Range:$1,395 – $1,615PSF:$3 / $3Sq Ft:540 / 540DOM:1 / 1New:4Total:4
1 Beds
Avg:$1,666Median:$1,641Range:$1,295 – $1,910PSF:$2 / $2Sq Ft:775 / 735DOM:1 / 1New:60Total:80
2 Beds
Avg:$2,182Median:$2,280Range:$1,230 – $4,000PSF:$2 / $2Sq Ft:1,118 / 1,051DOM:15 / 1New:41Total:64
3 Beds
Avg:$2,794Median:$3,087Range:$1,450 – $3,500PSF:$2 / $2Sq Ft:1,567 / 1,540DOM:12 / 1New:10Total:17
4 Beds
Avg:$3,117Median:$3,350Range:$2,500 – $3,500PSF:$1 / $1Sq Ft:2,438 / 2,000DOM:9 / 1New:1Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,551 | $1,595 | $1,395 – $1,615 | $3 / $3 | 540 / 540 | 1 / 1 | 4 | 4 |
| 1 Beds | $1,666 | $1,641 | $1,295 – $1,910 | $2 / $2 | 775 / 735 | 1 / 1 | 60 | 80 |
| 2 Beds | $2,182 | $2,280 | $1,230 – $4,000 | $2 / $2 | 1,118 / 1,051 | 15 / 1 | 41 | 64 |
| 3 Beds | $2,794 | $3,087 | $1,450 – $3,500 | $2 / $2 | 1,567 / 1,540 | 12 / 1 | 10 | 17 |
| 4 Beds | $3,117 | $3,350 | $2,500 – $3,500 | $1 / $1 | 2,438 / 2,000 | 9 / 1 | 1 | 3 |
6-Month Sales Trend
Oct 2025
Median Price:$1,240,000Median DOM:44New:25Total:131
Nov 2025
Median Price:$1,295,000Median DOM:61New:19Total:125
Dec 2025
Median Price:$1,149,500Median DOM:76New:9Total:100
Jan 2026
Median Price:$1,095,000Median DOM:67New:29Total:96
Feb 2026
Median Price:$1,125,000Median DOM:55New:28Total:107
Mar 2026
Median Price:$1,189,900Median DOM:33New:22Total:120
6-Month Rental Trend
Oct 2025
Median Rent:$1,836Median DOM:1New:133Total:156
Nov 2025
Median Rent:$1,800Median DOM:1New:137Total:158
Dec 2025
Median Rent:$1,843Median DOM:1New:132Total:168
Jan 2026
Median Rent:$1,839Median DOM:1New:131Total:164
Feb 2026
Median Rent:$1,810Median DOM:1New:136Total:166
Mar 2026
Median Rent:$1,816Median DOM:1New:116Total:168
Key Market Takeaways
Median sale prices moved higher 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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