ZIP 27617 Housing Market Report
Raleigh Metro
Report period: March 2026
27617 Monthly Market Update – March 2026
ZIP 27617 · Last updated Mar 12, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$430,000
0.0%
Median DOM (Sales)
50
−10.7%
New Listings (Sales)
15
−57.1%
Median Rent
$1,501
+0.1%
Median DOM (Rental)
1
0.0%
Total Rental Listings
793
−0.3%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (33 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($1,195,000 median)
Sales Market Overview
Median Price
$430,000
0.0%
Median DOM
50
−10.7%
New Listings
15
−57.1%
Inventory
119
−0.8%
- Average Price: $470,480
- Median Price: $430,000
- Price Range: $193,000 – $1,195,000
- Price per Sq Ft (Avg/Median): $223 / $210
- Square Footage (Avg/Median): 2,119 / 2,097
- Square Footage Range: 917 – 5,200
- Days on Market (Avg/Median): 75 / 50
- Days on Market Range: 1 – 320
- New Listings: 15
- Total Listings: 119
Sales by Property Type
Condo
Avg/Median Price$377,973 / $375,000Range$193,000 – $575,000Price per Sq Ft$225 / $211Sq Ft1,687 / 1,736DOM86 / 47New1Total33
Single Family
Avg/Median Price$708,564 / $615,000Range$324,900 – $1,195,000Price per Sq Ft$264 / $264Sq Ft2,789 / 2,638DOM57 / 33New4Total25
Townhouse
Avg/Median Price$422,949 / $429,000Range$265,000 – $669,000Price per Sq Ft$205 / $202Sq Ft2,077 / 2,170DOM77 / 58New10Total61
Sales by Bedroom Count
1 Beds
Avg:$202,700Median:$203,500Range:$193,000 – $212,000PSF:$204 / $204Sq Ft:994 / 1,003DOM:69 / 56New:0Total:5
2 Beds
Avg:$366,856Median:$342,500Range:$241,800 – $589,000PSF:$248 / $238Sq Ft:1,468 / 1,419DOM:77 / 44New:1Total:25
3 Beds
Avg:$457,242Median:$450,000Range:$320,000 – $899,000PSF:$215 / $203Sq Ft:2,151 / 2,151DOM:79 / 54New:12Total:64
4 Beds
Avg:$544,468Median:$465,000Range:$365,000 – $899,000PSF:$215 / $200Sq Ft:2,504 / 2,213DOM:70 / 62New:1Total:19
5 Beds
Avg:$999,760Median:$1,050,000Range:$750,000 – $1,175,000PSF:$246 / $228Sq Ft:4,089 / 3,929DOM:32 / 5New:1Total:5
6 Beds
Avg:$1,195,000Median:$1,195,000Range:$1,195,000 – $1,195,000PSF:$250 / $250Sq Ft:4,776 / 4,776DOM:111 / 111New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $202,700 | $203,500 | $193,000 – $212,000 | $204 / $204 | 994 / 1,003 | 69 / 56 | 0 | 5 |
| 2 Beds | $366,856 | $342,500 | $241,800 – $589,000 | $248 / $238 | 1,468 / 1,419 | 77 / 44 | 1 | 25 |
| 3 Beds | $457,242 | $450,000 | $320,000 – $899,000 | $215 / $203 | 2,151 / 2,151 | 79 / 54 | 12 | 64 |
| 4 Beds | $544,468 | $465,000 | $365,000 – $899,000 | $215 / $200 | 2,504 / 2,213 | 70 / 62 | 1 | 19 |
| 5 Beds | $999,760 | $1,050,000 | $750,000 – $1,175,000 | $246 / $228 | 4,089 / 3,929 | 32 / 5 | 1 | 5 |
| 6 Beds | $1,195,000 | $1,195,000 | $1,195,000 – $1,195,000 | $250 / $250 | 4,776 / 4,776 | 111 / 111 | 0 | 1 |
Rental Market Overview
Median Rent
$1,501
+0.1%
Median DOM
1
0.0%
New Listings
420
Inventory
793
−0.3%
- Average Rent: $1,582
- Median Rent: $1,501
- Rent Range: $1,045 – $5,895
- Rent per Sq Ft (Avg/Median): $2 / $1
- Square Footage (Avg/Median): 1,076 / 1,107
- Square Footage Range: 634 – 4,842
- Days on Market (Avg/Median): 4 / 1
- Days on Market Range: 1 – 247
- New Listings: 420
- Total Listings: 793
Rentals by Property Type
Apartment
$1,475
Median DOM: 1
Inventory: 740
MoM: +0.1%
Condo
$1,400
Median DOM: 15
Inventory: 14
MoM: +0.1%
Single Family
$1,975
Median DOM: 28
Inventory: 14
MoM: +0.1%
Townhouse
$2,250
Median DOM: 16
Inventory: 25
MoM: +0.1%
Apartment
Avg/Median Rent$1,541 / $1,475Range$1,053 – $2,810Rent per Sq Ft$2 / $2Sq Ft1,029 / 1,105DOM1 / 1New410Total740
Condo
Avg/Median Rent$1,531 / $1,400Range$1,195 – $2,200Rent per Sq Ft$1 / $1Sq Ft1,283 / 1,003DOM31 / 15New5Total14
Single Family
Avg/Median Rent$2,655 / $1,975Range$1,045 – $5,895Rent per Sq Ft$1 / $1Sq Ft2,355 / 1,638DOM40 / 28New1Total14
Townhouse
Avg/Median Rent$2,216 / $2,250Range$1,650 – $3,400Rent per Sq Ft$1 / $1Sq Ft1,784 / 1,776DOM47 / 16New4Total25
Rentals by Bedroom Count
Studio
Avg:$1,148Median:$1,125Range:$1,053 – $1,267PSF:$1 / $2Sq Ft:893 / 645DOM:10 / 1New:0Total:3
1 Beds
Avg:$1,363Median:$1,350Range:$1,045 – $2,090PSF:$2 / $2Sq Ft:814 / 814DOM:2 / 1New:177Total:326
2 Beds
Avg:$1,615Median:$1,591Range:$1,206 – $2,710PSF:$1 / $1Sq Ft:1,159 / 1,134DOM:2 / 1New:194Total:356
3 Beds
Avg:$2,017Median:$1,908Range:$1,540 – $2,810PSF:$1 / $1Sq Ft:1,483 / 1,425DOM:10 / 1New:49Total:99
4 Beds
Avg:$3,306Median:$3,000Range:$2,300 – $4,750PSF:$1 / $1Sq Ft:2,870 / 3,026DOM:53 / 8New:0Total:8
7 Beds
Avg:$5,895Median:$5,895Range:$5,895 – $5,895PSF:$1 / $1Sq Ft:4,842 / 4,842DOM:86 / 86New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,148 | $1,125 | $1,053 – $1,267 | $1 / $2 | 893 / 645 | 10 / 1 | 0 | 3 |
| 1 Beds | $1,363 | $1,350 | $1,045 – $2,090 | $2 / $2 | 814 / 814 | 2 / 1 | 177 | 326 |
| 2 Beds | $1,615 | $1,591 | $1,206 – $2,710 | $1 / $1 | 1,159 / 1,134 | 2 / 1 | 194 | 356 |
| 3 Beds | $2,017 | $1,908 | $1,540 – $2,810 | $1 / $1 | 1,483 / 1,425 | 10 / 1 | 49 | 99 |
| 4 Beds | $3,306 | $3,000 | $2,300 – $4,750 | $1 / $1 | 2,870 / 3,026 | 53 / 8 | 0 | 8 |
| 7 Beds | $5,895 | $5,895 | $5,895 – $5,895 | $1 / $1 | 4,842 / 4,842 | 86 / 86 | 0 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$435,000Median DOM:53New:39Total:133
Nov 2025
Median Price:$440,000Median DOM:58New:22Total:127
Dec 2025
Median Price:$440,000Median DOM:77New:14Total:110
Jan 2026
Median Price:$439,000Median DOM:78New:32Total:114
Feb 2026
Median Price:$430,000Median DOM:56New:35Total:120
Mar 2026
Median Price:$430,000Median DOM:50New:15Total:119
6-Month Rental Trend
Oct 2025
Median Rent:$1,553Median DOM:1New:473Total:692
Nov 2025
Median Rent:$1,525Median DOM:1New:529Total:690
Dec 2025
Median Rent:$1,525Median DOM:1New:538Total:708
Jan 2026
Median Rent:$1,473Median DOM:1New:555Total:773
Feb 2026
Median Rent:$1,499Median DOM:1New:574Total:795
Mar 2026
Median Rent:$1,501Median DOM:1New:420Total:793
Key Market Takeaways
Median sale prices held steady this month while inventory compressed. Days on market declined, signaling improving buyer activity. Rental pricing increased, 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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