ZIP 27615 Housing Market Report
Raleigh Metro
Report period: March 2026
27615 Monthly Market Update – March 2026
ZIP 27615 · Last updated Mar 12, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$584,900
+1.7%
Median DOM (Sales)
35
−20.5%
New Listings (Sales)
14
−72.5%
Median Rent
$1,434
+0.8%
Median DOM (Rental)
1
0.0%
Total Rental Listings
578
+2.3%
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: Single Family (29 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($2,649,900 median)
Sales Market Overview
Median Price
$584,900
+1.7%
Median DOM
35
−20.5%
New Listings
14
−72.5%
Inventory
180
−1.6%
- Average Price: $980,747
- Median Price: $584,900
- Price Range: $185,000 – $9,500,000
- Price per Sq Ft (Avg/Median): $300 / $249
- Square Footage (Avg/Median): 2,717 / 2,201
- Square Footage Range: 945 – 9,587
- Days on Market (Avg/Median): 66 / 35
- Days on Market Range: 2 – 321
- New Listings: 14
- Total Listings: 180
Sales by Property Type
Condo
Avg/Median Price$236,700 / $207,000Range$185,000 – $325,000Price per Sq Ft$192 / $184Sq Ft1,262 / 1,088DOM90 / 55New2Total10
Land
Avg/Median Price$636,667 / $345,000Range$320,000 – $1,550,000Price per Sq Ft—Sq Ft—DOM57 / 50New0Total6
Single Family
Avg/Median Price$1,309,025 / $700,000Range$319,900 – $9,500,000Price per Sq Ft$340 / $272Sq Ft3,275 / 2,772DOM66 / 29New8Total117
Townhouse
Avg/Median Price$365,779 / $345,000Range$244,000 – $700,000Price per Sq Ft$225 / $225Sq Ft1,637 / 1,523DOM61 / 43New4Total47
Sales by Bedroom Count
2 Beds
Avg:$267,138Median:$269,000Range:$185,000 – $340,000PSF:$227 / $232Sq Ft:1,182 / 1,176DOM:48 / 34New:3Total:21
3 Beds
Avg:$448,973Median:$414,900Range:$185,000 – $890,000PSF:$240 / $234Sq Ft:1,855 / 1,840DOM:64 / 42New:6Total:64
4 Beds
Avg:$893,533Median:$679,900Range:$459,900 – $4,000,000PSF:$279 / $255Sq Ft:3,046 / 2,739DOM:58 / 27New:2Total:60
5 Beds
Avg:$3,059,604Median:$2,649,900Range:$425,000 – $9,500,000PSF:$549 / $544Sq Ft:5,119 / 5,346DOM:100 / 85New:3Total:27
6 Beds
Avg:$1,074,500Median:$850,000Range:$850,000 – $1,299,000PSF:$262 / $207Sq Ft:4,102 / 4,100DOM:96 / 79New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $267,138 | $269,000 | $185,000 – $340,000 | $227 / $232 | 1,182 / 1,176 | 48 / 34 | 3 | 21 |
| 3 Beds | $448,973 | $414,900 | $185,000 – $890,000 | $240 / $234 | 1,855 / 1,840 | 64 / 42 | 6 | 64 |
| 4 Beds | $893,533 | $679,900 | $459,900 – $4,000,000 | $279 / $255 | 3,046 / 2,739 | 58 / 27 | 2 | 60 |
| 5 Beds | $3,059,604 | $2,649,900 | $425,000 – $9,500,000 | $549 / $544 | 5,119 / 5,346 | 100 / 85 | 3 | 27 |
| 6 Beds | $1,074,500 | $850,000 | $850,000 – $1,299,000 | $262 / $207 | 4,102 / 4,100 | 96 / 79 | 0 | 2 |
Rental Market Overview
Median Rent
$1,434
+0.8%
Median DOM
1
0.0%
New Listings
286
Inventory
578
+2.3%
- Average Rent: $1,524
- Median Rent: $1,434
- Rent Range: $675 – $6,500
- Rent per Sq Ft (Avg/Median): $2 / $1
- Square Footage (Avg/Median): 1,034 / 975
- Square Footage Range: 460 – 3,978
- Days on Market (Avg/Median): 8 / 1
- Days on Market Range: 1 – 317
- New Listings: 286
- Total Listings: 578
Rentals by Property Type
Apartment
$1,398
Median DOM: 1
Inventory: 501
MoM: +0.8%
Condo
$1,600
Median DOM: 17
Inventory: 7
MoM: +0.8%
Single Family
$2,150
Median DOM: 13
Inventory: 41
MoM: +0.8%
Townhouse
$1,695
Median DOM: 19
Inventory: 29
MoM: +0.8%
Apartment
Avg/Median Rent$1,430 / $1,398Range$980 – $3,770Rent per Sq Ft$2 / $2Sq Ft942 / 905DOM3 / 1New266Total501
Condo
Avg/Median Rent$1,570 / $1,600Range$1,199 – $1,795Rent per Sq Ft$1 / $1Sq Ft1,154 / 1,100DOM27 / 17New2Total7
Single Family
Avg/Median Rent$2,506 / $2,150Range$675 – $6,500Rent per Sq Ft$1 / $1Sq Ft1,868 / 1,779DOM40 / 13New11Total41
Townhouse
Avg/Median Rent$1,742 / $1,695Range$950 – $3,200Rent per Sq Ft$1 / $1Sq Ft1,495 / 1,389DOM31 / 19New7Total29
Rentals by Bedroom Count
Studio
Avg:$2,219Median:$1,752Range:$1,317 – $3,750PSF:$2 / $1Sq Ft:1,588 / 687DOM:11 / 13New:0Total:5
1 Beds
Avg:$1,287Median:$1,252Range:$675 – $2,178PSF:$2 / $2Sq Ft:771 / 777DOM:7 / 1New:121Total:225
2 Beds
Avg:$1,474Median:$1,475Range:$1,038 – $1,947PSF:$1 / $1Sq Ft:1,039 / 1,030DOM:2 / 1New:129Total:240
3 Beds
Avg:$1,914Median:$1,795Range:$1,150 – $4,600PSF:$1 / $1Sq Ft:1,429 / 1,385DOM:20 / 1New:32Total:91
4 Beds
Avg:$2,743Median:$2,290Range:$2,000 – $5,700PSF:$1 / $1Sq Ft:2,285 / 2,084DOM:31 / 11New:3Total:15
5 Beds
Avg:$5,500Median:$4,500Range:$4,500 – $6,500PSF:$2 / $2Sq Ft:3,035 / 3,035DOM:45 / 1New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $2,219 | $1,752 | $1,317 – $3,750 | $2 / $1 | 1,588 / 687 | 11 / 13 | 0 | 5 |
| 1 Beds | $1,287 | $1,252 | $675 – $2,178 | $2 / $2 | 771 / 777 | 7 / 1 | 121 | 225 |
| 2 Beds | $1,474 | $1,475 | $1,038 – $1,947 | $1 / $1 | 1,039 / 1,030 | 2 / 1 | 129 | 240 |
| 3 Beds | $1,914 | $1,795 | $1,150 – $4,600 | $1 / $1 | 1,429 / 1,385 | 20 / 1 | 32 | 91 |
| 4 Beds | $2,743 | $2,290 | $2,000 – $5,700 | $1 / $1 | 2,285 / 2,084 | 31 / 11 | 3 | 15 |
| 5 Beds | $5,500 | $4,500 | $4,500 – $6,500 | $2 / $2 | 3,035 / 3,035 | 45 / 1 | 1 | 2 |
6-Month Sales Trend
Oct 2025
Median Price:$525,000Median DOM:42New:60Total:231
Nov 2025
Median Price:$525,000Median DOM:48New:41Total:230
Dec 2025
Median Price:$519,000Median DOM:66New:19Total:190
Jan 2026
Median Price:$525,000Median DOM:63New:43Total:170
Feb 2026
Median Price:$575,000Median DOM:44New:51Total:183
Mar 2026
Median Price:$584,900Median DOM:35New:14Total:180
6-Month Rental Trend
Oct 2025
Median Rent:$1,439Median DOM:1New:359Total:570
Nov 2025
Median Rent:$1,443Median DOM:1New:358Total:500
Dec 2025
Median Rent:$1,446Median DOM:1New:369Total:520
Jan 2026
Median Rent:$1,420Median DOM:1New:394Total:551
Feb 2026
Median Rent:$1,422Median DOM:1New:403Total:565
Mar 2026
Median Rent:$1,434Median DOM:1New:286Total:578
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. 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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