ZIP 27609 Housing Market Report
Raleigh Metro
Report period: March 2026
27609 Monthly Market Update – March 2026
ZIP 27609 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$725,000
0.0%
Median DOM (Sales)
54
+5.9%
New Listings (Sales)
19
−44.1%
Median Rent
$1,550
−1.3%
Median DOM (Rental)
1
0.0%
Total Rental Listings
1,300
−0.2%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Townhouse (41 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($3,250,000 median)
Sales Market Overview
Median Price
$725,000
0.0%
Median DOM
54
+5.9%
New Listings
19
−44.1%
Inventory
183
+1.7%
- Average Price: $1,358,092
- Median Price: $725,000
- Price Range: $139,000 – $6,995,000
- Price per Sq Ft (Avg/Median): $370 / $317
- Square Footage (Avg/Median): 2,988 / 2,377
- Square Footage Range: 940 – 7,979
- Days on Market (Avg/Median): 78 / 54
- Days on Market Range: 2 – 336
- New Listings: 19
- Total Listings: 183
Sales by Property Type
Condo
Avg/Median Price$272,627 / $199,700Range$139,000 – $650,000Price per Sq Ft$224 / $188Sq Ft1,180 / 1,048DOM80 / 50New2Total28
Land
Avg/Median Price$895,000 / $895,000Range$895,000 – $895,000Price per Sq Ft—Sq Ft—DOM217 / 217New0Total1
Single Family
Avg/Median Price$1,910,533 / $1,395,000Range$309,500 – $6,995,000Price per Sq Ft$449 / $411Sq Ft3,787 / 3,675DOM81 / 55New12Total118
Townhouse
Avg/Median Price$404,429 / $325,000Range$190,000 – $750,000Price per Sq Ft$224 / $218Sq Ft1,775 / 1,684DOM61 / 41New5Total36
Sales by Bedroom Count
1 Beds
Avg:$170,000Median:$170,000Range:$170,000 – $170,000PSF:$167 / $167Sq Ft:1,018 / 1,018DOM:54 / 54New:0Total:1
2 Beds
Avg:$275,857Median:$274,999Range:$139,000 – $650,000PSF:$225 / $212Sq Ft:1,201 / 1,218DOM:74 / 48New:3Total:33
3 Beds
Avg:$562,267Median:$475,000Range:$169,900 – $2,395,000PSF:$280 / $281Sq Ft:1,915 / 1,800DOM:65 / 41New:7Total:51
4 Beds
Avg:$1,254,836Median:$895,000Range:$459,900 – $3,295,000PSF:$376 / $349Sq Ft:3,143 / 2,780DOM:71 / 46New:3Total:45
5 Beds
Avg:$2,911,032Median:$2,499,900Range:$725,000 – $6,995,000PSF:$552 / $525Sq Ft:4,955 / 4,954DOM:100 / 65New:6Total:43
6 Beds
Avg:$3,116,111Median:$3,250,000Range:$725,000 – $5,000,000PSF:$528 / $506Sq Ft:5,669 / 5,536DOM:88 / 41New:0Total:9
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $170,000 | $170,000 | $170,000 – $170,000 | $167 / $167 | 1,018 / 1,018 | 54 / 54 | 0 | 1 |
| 2 Beds | $275,857 | $274,999 | $139,000 – $650,000 | $225 / $212 | 1,201 / 1,218 | 74 / 48 | 3 | 33 |
| 3 Beds | $562,267 | $475,000 | $169,900 – $2,395,000 | $280 / $281 | 1,915 / 1,800 | 65 / 41 | 7 | 51 |
| 4 Beds | $1,254,836 | $895,000 | $459,900 – $3,295,000 | $376 / $349 | 3,143 / 2,780 | 71 / 46 | 3 | 45 |
| 5 Beds | $2,911,032 | $2,499,900 | $725,000 – $6,995,000 | $552 / $525 | 4,955 / 4,954 | 100 / 65 | 6 | 43 |
| 6 Beds | $3,116,111 | $3,250,000 | $725,000 – $5,000,000 | $528 / $506 | 5,669 / 5,536 | 88 / 41 | 0 | 9 |
Rental Market Overview
Median Rent
$1,550
−1.3%
Median DOM
1
0.0%
New Listings
800
Inventory
1,300
−0.2%
- Average Rent: $1,763
- Median Rent: $1,550
- Rent Range: $700 – $8,975
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 910 / 846
- Square Footage Range: 300 – 2,854
- Days on Market (Avg/Median): 6 / 1
- Days on Market Range: 1 – 348
- New Listings: 800
- Total Listings: 1,300
Rentals by Property Type
Apartment
$1,515
Median DOM: 1
Inventory: 1,223
MoM: −1.3%
Condo
$1,545
Median DOM: 31
Inventory: 11
MoM: −1.3%
Single Family
$2,855
Median DOM: 15
Inventory: 39
MoM: −1.3%
Townhouse
$1,625
Median DOM: 1
Inventory: 27
MoM: −1.3%
Apartment
Avg/Median Rent$1,725 / $1,515Range$900 – $6,721Rent per Sq Ft$2 / $2Sq Ft871 / 811DOM4 / 1New784Total1,223
Condo
Avg/Median Rent$1,620 / $1,545Range$1,350 – $2,200Rent per Sq Ft$1 / $1Sq Ft1,136 / 1,045DOM76 / 31New2Total11
Single Family
Avg/Median Rent$2,995 / $2,855Range$700 – $8,975Rent per Sq Ft$2 / $2Sq Ft1,858 / 1,900DOM46 / 15New9Total39
Townhouse
Avg/Median Rent$1,775 / $1,625Range$899 – $2,950Rent per Sq Ft$1 / $1Sq Ft1,360 / 1,224DOM33 / 1New5Total27
Rentals by Bedroom Count
Studio
Avg:$1,396Median:$1,363Range:$900 – $2,542PSF:$2 / $2Sq Ft:580 / 571DOM:4 / 1New:122Total:191
1 Beds
Avg:$1,603Median:$1,534Range:$899 – $3,842PSF:$2 / $2Sq Ft:762 / 755DOM:6 / 1New:320Total:519
2 Beds
Avg:$1,916Median:$1,600Range:$994 – $5,775PSF:$2 / $2Sq Ft:1,071 / 1,065DOM:5 / 1New:317Total:485
3 Beds
Avg:$2,363Median:$1,869Range:$700 – $6,721PSF:$2 / $1Sq Ft:1,428 / 1,289DOM:20 / 1New:38Total:92
4 Beds
Avg:$3,584Median:$2,990Range:$2,200 – $8,975PSF:$1 / $1Sq Ft:2,205 / 2,194DOM:53 / 22New:3Total:12
5 Beds
Avg:$3,975Median:$3,975Range:$3,975 – $3,975PSF:$2 / $2Sq Ft:2,333 / 2,333DOM:18 / 18New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,396 | $1,363 | $900 – $2,542 | $2 / $2 | 580 / 571 | 4 / 1 | 122 | 191 |
| 1 Beds | $1,603 | $1,534 | $899 – $3,842 | $2 / $2 | 762 / 755 | 6 / 1 | 320 | 519 |
| 2 Beds | $1,916 | $1,600 | $994 – $5,775 | $2 / $2 | 1,071 / 1,065 | 5 / 1 | 317 | 485 |
| 3 Beds | $2,363 | $1,869 | $700 – $6,721 | $2 / $1 | 1,428 / 1,289 | 20 / 1 | 38 | 92 |
| 4 Beds | $3,584 | $2,990 | $2,200 – $8,975 | $1 / $1 | 2,205 / 2,194 | 53 / 22 | 3 | 12 |
| 5 Beds | $3,975 | $3,975 | $3,975 – $3,975 | $2 / $2 | 2,333 / 2,333 | 18 / 18 | 0 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$699,500Median DOM:62New:46Total:250
Nov 2025
Median Price:$750,000Median DOM:66New:34Total:224
Dec 2025
Median Price:$699,900Median DOM:80New:21Total:197
Jan 2026
Median Price:$699,900Median DOM:74New:46Total:183
Feb 2026
Median Price:$725,000Median DOM:51New:34Total:180
Mar 2026
Median Price:$725,000Median DOM:54New:19Total:183
6-Month Rental Trend
Oct 2025
Median Rent:$1,560Median DOM:1New:993Total:1,267
Nov 2025
Median Rent:$1,575Median DOM:1New:1,055Total:1,287
Dec 2025
Median Rent:$1,514Median DOM:1New:1,060Total:1,382
Jan 2026
Median Rent:$1,550Median DOM:1New:990Total:1,351
Feb 2026
Median Rent:$1,570Median DOM:1New:1,016Total:1,302
Mar 2026
Median Rent:$1,550Median DOM:1New:800Total:1,300
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. Days on market lengthened, signaling slower 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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