ZIP 27701 Housing Market Report
Raleigh Metro
Report period: March 2026
27701 Monthly Market Update – March 2026
ZIP 27701 · Last updated Mar 12, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$450,000
0.0%
Median DOM (Sales)
63
−10.0%
New Listings (Sales)
15
−50.0%
Median Rent
$1,715
−0.9%
Median DOM (Rental)
1
0.0%
Total Rental Listings
976
−3.4%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Townhouse (56 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($875,000 median)
Sales Market Overview
Median Price
$450,000
0.0%
Median DOM
63
−10.0%
New Listings
15
−50.0%
Inventory
185
+3.9%
- Average Price: $613,399
- Median Price: $450,000
- Price Range: $70,000 – $5,998,000
- Price per Sq Ft (Avg/Median): $398 / $353
- Square Footage (Avg/Median): 1,615 / 1,412
- Square Footage Range: 399 – 5,476
- Days on Market (Avg/Median): 89 / 63
- Days on Market Range: 1 – 365
- New Listings: 15
- Total Listings: 185
Sales by Property Type
Condo
Avg/Median Price$975,760 / $745,000Range$207,000 – $5,998,000Price per Sq Ft$647 / $595Sq Ft1,353 / 1,128DOM67 / 63New8Total48
Land
Avg/Median Price$150,850 / $129,000Range$70,000 – $450,000Price per Sq Ft—Sq Ft—DOM176 / 188New0Total10
Multi-Family
Avg/Median Price$498,582 / $435,000Range$195,000 – $1,375,000Price per Sq Ft$256 / $227Sq Ft2,108 / 2,092DOM86 / 81New1Total17
Single Family
Avg/Median Price$482,517 / $395,000Range$90,000 – $1,975,000Price per Sq Ft$291 / $289Sq Ft1,642 / 1,280DOM89 / 63New6Total90
Townhouse
Avg/Median Price$661,566 / $685,000Range$499,900 – $999,000Price per Sq Ft$399 / $400Sq Ft1,703 / 1,690DOM103 / 56New0Total20
Sales by Bedroom Count
Studio
Avg:$259,110Median:$258,870Range:$258,870 – $259,350PSF:$649 / $649Sq Ft:399 / 399DOM:—New:0Total:2
1 Beds
Avg:$457,508Median:$365,000Range:$207,000 – $1,019,900PSF:$567 / $493Sq Ft:800 / 728DOM:83 / 63New:3Total:21
2 Beds
Avg:$654,424Median:$450,000Range:$90,000 – $2,309,900PSF:$468 / $412Sq Ft:1,286 / 1,133DOM:77 / 61New:3Total:52
3 Beds
Avg:$574,176Median:$499,000Range:$135,000 – $4,099,900PSF:$317 / $292Sq Ft:1,720 / 1,536DOM:95 / 96New:5Total:73
4 Beds
Avg:$1,018,324Median:$700,000Range:$195,000 – $5,998,000PSF:$369 / $351Sq Ft:2,375 / 2,189DOM:72 / 50New:3Total:17
5 Beds
Avg:$1,086,200Median:$875,000Range:$407,000 – $1,975,000PSF:$320 / $361Sq Ft:3,403 / 3,111DOM:41 / 48New:0Total:5
6 Beds
Avg:$575,000Median:$575,000Range:$575,000 – $575,000PSF:$371 / $371Sq Ft:1,550 / 1,550DOM:16 / 16New:0Total:1
8 Beds
Avg:$645,500Median:$419,000Range:$369,000 – $1,375,000PSF:$174 / $131Sq Ft:3,422 / 3,200DOM:102 / 61New:1Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $259,110 | $258,870 | $258,870 – $259,350 | $649 / $649 | 399 / 399 | — | 0 | 2 |
| 1 Beds | $457,508 | $365,000 | $207,000 – $1,019,900 | $567 / $493 | 800 / 728 | 83 / 63 | 3 | 21 |
| 2 Beds | $654,424 | $450,000 | $90,000 – $2,309,900 | $468 / $412 | 1,286 / 1,133 | 77 / 61 | 3 | 52 |
| 3 Beds | $574,176 | $499,000 | $135,000 – $4,099,900 | $317 / $292 | 1,720 / 1,536 | 95 / 96 | 5 | 73 |
| 4 Beds | $1,018,324 | $700,000 | $195,000 – $5,998,000 | $369 / $351 | 2,375 / 2,189 | 72 / 50 | 3 | 17 |
| 5 Beds | $1,086,200 | $875,000 | $407,000 – $1,975,000 | $320 / $361 | 3,403 / 3,111 | 41 / 48 | 0 | 5 |
| 6 Beds | $575,000 | $575,000 | $575,000 – $575,000 | $371 / $371 | 1,550 / 1,550 | 16 / 16 | 0 | 1 |
| 8 Beds | $645,500 | $419,000 | $369,000 – $1,375,000 | $174 / $131 | 3,422 / 3,200 | 102 / 61 | 1 | 4 |
Rental Market Overview
Median Rent
$1,715
−0.9%
Median DOM
1
0.0%
New Listings
602
Inventory
976
−3.4%
- Average Rent: $1,906
- Median Rent: $1,715
- Rent Range: $600 – $5,750
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 881 / 775
- Square Footage Range: 387 – 3,128
- Days on Market (Avg/Median): 7 / 1
- Days on Market Range: 1 – 328
- New Listings: 602
- Total Listings: 976
Rentals by Property Type
Apartment
$1,716
Median DOM: 1
Inventory: 877
MoM: −0.9%
Condo
$1,300
Median DOM: 10
Inventory: 18
MoM: −0.9%
Single Family
$1,975
Median DOM: 1
Inventory: 70
MoM: −0.9%
Townhouse
$1,195
Median DOM: 1
Inventory: 4
MoM: −0.9%
Apartment
Avg/Median Rent$1,884 / $1,716Range$775 – $4,738Rent per Sq Ft$2 / $2Sq Ft839 / 751DOM5 / 1New558Total877
Condo
Avg/Median Rent$1,716 / $1,300Range$799 – $4,500Rent per Sq Ft$2 / $2Sq Ft939 / 750DOM36 / 10New5Total18
Multi-Family
Avg/Median Rent$1,985 / $1,495Range$1,150 – $5,500Rent per Sq Ft$2 / $1Sq Ft1,424 / 995DOM41 / 19New3Total7
Single Family
Avg/Median Rent$2,198 / $1,975Range$600 – $5,750Rent per Sq Ft$2 / $2Sq Ft1,423 / 1,320DOM17 / 1New35Total70
Townhouse
Avg/Median Rent$2,296 / $1,195Range$1,100 – $4,000Rent per Sq Ft$2 / $2Sq Ft1,137 / 745DOM10 / 1New1Total4
Rentals by Bedroom Count
Studio
Avg:$1,441Median:$1,443Range:$875 – $1,846PSF:$3 / $3Sq Ft:538 / 555DOM:5 / 1New:101Total:167
1 Beds
Avg:$1,663Median:$1,640Range:$600 – $4,633PSF:$2 / $2Sq Ft:725 / 722DOM:7 / 1New:284Total:427
2 Beds
Avg:$2,246Median:$2,310Range:$875 – $4,500PSF:$2 / $2Sq Ft:1,123 / 1,146DOM:5 / 1New:175Total:302
3 Beds
Avg:$2,731Median:$2,795Range:$1,500 – $4,738PSF:$2 / $2Sq Ft:1,415 / 1,340DOM:16 / 1New:31Total:59
4 Beds
Avg:$3,021Median:$3,150Range:$1,595 – $4,395PSF:$2 / $1Sq Ft:1,962 / 2,046DOM:17 / 1New:11Total:18
5 Beds
Avg:$5,225Median:$4,700Range:$4,700 – $5,750PSF:$2 / $2Sq Ft:2,230 / 1,800DOM:52 / 1New:0Total:2
6 Beds
Avg:$5,500Median:$5,500Range:$5,500 – $5,500PSF:$2 / $2Sq Ft:3,128 / 3,128DOM:102 / 102New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,441 | $1,443 | $875 – $1,846 | $3 / $3 | 538 / 555 | 5 / 1 | 101 | 167 |
| 1 Beds | $1,663 | $1,640 | $600 – $4,633 | $2 / $2 | 725 / 722 | 7 / 1 | 284 | 427 |
| 2 Beds | $2,246 | $2,310 | $875 – $4,500 | $2 / $2 | 1,123 / 1,146 | 5 / 1 | 175 | 302 |
| 3 Beds | $2,731 | $2,795 | $1,500 – $4,738 | $2 / $2 | 1,415 / 1,340 | 16 / 1 | 31 | 59 |
| 4 Beds | $3,021 | $3,150 | $1,595 – $4,395 | $2 / $1 | 1,962 / 2,046 | 17 / 1 | 11 | 18 |
| 5 Beds | $5,225 | $4,700 | $4,700 – $5,750 | $2 / $2 | 2,230 / 1,800 | 52 / 1 | 0 | 2 |
| 6 Beds | $5,500 | $5,500 | $5,500 – $5,500 | $2 / $2 | 3,128 / 3,128 | 102 / 102 | 0 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$539,900Median DOM:59New:43Total:226
Nov 2025
Median Price:$499,900Median DOM:67New:32Total:218
Dec 2025
Median Price:$499,900Median DOM:83New:19Total:207
Jan 2026
Median Price:$499,000Median DOM:80New:33Total:194
Feb 2026
Median Price:$450,000Median DOM:70New:30Total:178
Mar 2026
Median Price:$450,000Median DOM:63New:15Total:185
6-Month Rental Trend
Oct 2025
Median Rent:$1,783Median DOM:1New:770Total:1,003
Nov 2025
Median Rent:$1,746Median DOM:1New:786Total:941
Dec 2025
Median Rent:$1,714Median DOM:1New:780Total:991
Jan 2026
Median Rent:$1,709Median DOM:1New:793Total:989
Feb 2026
Median Rent:$1,731Median DOM:1New:678Total:1,010
Mar 2026
Median Rent:$1,715Median DOM:1New:602Total:976
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. Days on market declined, signaling improving 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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