ZIP 27703 Housing Market Report
Raleigh Metro
Report period: March 2026
27703 Monthly Market Update – March 2026
ZIP 27703 · Last updated Mar 12, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$404,950
+1.2%
Median DOM (Sales)
24
−29.4%
New Listings (Sales)
198
−26.4%
Median Rent
$1,740
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
1,254
+2.1%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Townhouse (13 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($899,900 median)
Sales Market Overview
Median Price
$404,950
+1.2%
Median DOM
24
−29.4%
New Listings
198
−26.4%
Inventory
766
+4.8%
- Average Price: $453,295
- Median Price: $404,950
- Price Range: $50,000 – $5,900,000
- Price per Sq Ft (Avg/Median): $221 / $209
- Square Footage (Avg/Median): 2,049 / 1,924
- Square Footage Range: 560 – 4,724
- Days on Market (Avg/Median): 57 / 24
- Days on Market Range: 1 – 354
- New Listings: 198
- Total Listings: 766
Sales by Property Type
Condo
Avg/Median Price$239,733 / $217,500Range$160,000 – $319,000Price per Sq Ft$207 / $210Sq Ft1,152 / 1,070DOM79 / 50New0Total6
Land
Avg/Median Price$612,427 / $225,000Range$50,000 – $5,900,000Price per Sq Ft—Sq Ft—DOM131 / 110New3Total40
Manufactured
Avg/Median Price$175,000 / $175,000Range$175,000 – $175,000Price per Sq Ft$159 / $159Sq Ft1,104 / 1,104DOM53 / 53New0Total1
Multi-Family
Avg/Median Price$549,520 / $477,900Range$225,000 – $899,900Price per Sq Ft$203 / $203Sq Ft2,591 / 2,446DOM61 / 51New1Total5
Single Family
Avg/Median Price$500,447 / $489,000Range$98,500 – $1,600,000Price per Sq Ft$236 / $224Sq Ft2,191 / 2,092DOM58 / 28New92Total408
Townhouse
Avg/Median Price$373,149 / $370,000Range$130,000 – $590,610Price per Sq Ft$201 / $199Sq Ft1,872 / 1,866DOM45 / 13New102Total306
Sales by Bedroom Count
1 Beds
Avg:$239,790Median:$217,500Range:$150,000 – $389,450PSF:$248 / $223Sq Ft:966 / 1,053DOM:78 / 56New:0Total:5
2 Beds
Avg:$416,826Median:$425,000Range:$130,000 – $981,244PSF:$262 / $266Sq Ft:1,560 / 1,593DOM:59 / 32New:13Total:54
3 Beds
Avg:$418,180Median:$379,000Range:$98,500 – $1,600,000PSF:$224 / $212Sq Ft:1,877 / 1,862DOM:50 / 20New:131Total:471
4 Beds
Avg:$487,889Median:$465,900Range:$322,500 – $1,099,000PSF:$204 / $199Sq Ft:2,415 / 2,461DOM:58 / 30New:31Total:131
5 Beds
Avg:$578,445Median:$565,000Range:$250,000 – $849,000PSF:$192 / $187Sq Ft:3,023 / 3,037DOM:58 / 14New:20Total:62
6 Beds
Avg:$689,950Median:$660,000Range:$660,000 – $719,900PSF:$207 / $176Sq Ft:3,389 / 3,034DOM:165 / 118New:0Total:2
8 Beds
Avg:$899,900Median:$899,900Range:$899,900 – $899,900PSF:$238 / $238Sq Ft:3,789 / 3,789DOM:51 / 51New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $239,790 | $217,500 | $150,000 – $389,450 | $248 / $223 | 966 / 1,053 | 78 / 56 | 0 | 5 |
| 2 Beds | $416,826 | $425,000 | $130,000 – $981,244 | $262 / $266 | 1,560 / 1,593 | 59 / 32 | 13 | 54 |
| 3 Beds | $418,180 | $379,000 | $98,500 – $1,600,000 | $224 / $212 | 1,877 / 1,862 | 50 / 20 | 131 | 471 |
| 4 Beds | $487,889 | $465,900 | $322,500 – $1,099,000 | $204 / $199 | 2,415 / 2,461 | 58 / 30 | 31 | 131 |
| 5 Beds | $578,445 | $565,000 | $250,000 – $849,000 | $192 / $187 | 3,023 / 3,037 | 58 / 14 | 20 | 62 |
| 6 Beds | $689,950 | $660,000 | $660,000 – $719,900 | $207 / $176 | 3,389 / 3,034 | 165 / 118 | 0 | 2 |
| 8 Beds | $899,900 | $899,900 | $899,900 – $899,900 | $238 / $238 | 3,789 / 3,789 | 51 / 51 | 0 | 1 |
Rental Market Overview
Median Rent
$1,740
0.0%
Median DOM
1
0.0%
New Listings
580
Inventory
1,254
+2.1%
- Average Rent: $1,817
- Median Rent: $1,740
- Rent Range: $495 – $7,334
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,283 / 1,155
- Square Footage Range: 300 – 3,815
- Days on Market (Avg/Median): 10 / 1
- Days on Market Range: 1 – 331
- New Listings: 580
- Total Listings: 1,254
Rentals by Property Type
Apartment
$1,652
Median DOM: 1
Inventory: 918
MoM: 0.0%
Condo
$1,495
Median DOM: 1
Inventory: 14
MoM: 0.0%
Single Family
$2,195
Median DOM: 1
Inventory: 185
MoM: 0.0%
Townhouse
$2,000
Median DOM: 17
Inventory: 136
MoM: 0.0%
Apartment
Avg/Median Rent$1,720 / $1,652Range$540 – $7,334Rent per Sq Ft$2 / $2Sq Ft1,091 / 1,078DOM4 / 1New456Total918
Condo
Avg/Median Rent$1,544 / $1,495Range$995 – $2,400Rent per Sq Ft$2 / $2Sq Ft982 / 1,048DOM5 / 1New6Total14
Multi-Family
Avg/Median Rent$875 / $875Range$875 – $875Rent per Sq Ft$2 / $2Sq Ft560 / 560DOM49 / 49New0Total1
Single Family
Avg/Median Rent$2,125 / $2,195Range$495 – $4,300Rent per Sq Ft$1 / $1Sq Ft1,910 / 1,925DOM21 / 1New78Total185
Townhouse
Avg/Median Rent$2,090 / $2,000Range$1,295 – $5,695Rent per Sq Ft$1 / $1Sq Ft1,846 / 1,805DOM38 / 17New40Total136
Rentals by Bedroom Count
Studio
Avg:$1,438Median:$1,426Range:$1,073 – $1,910PSF:$3 / $3Sq Ft:561 / 570DOM:25 / 1New:18Total:29
1 Beds
Avg:$1,351Median:$1,350Range:$495 – $2,450PSF:$2 / $2Sq Ft:776 / 747DOM:4 / 1New:166Total:364
2 Beds
Avg:$1,705Median:$1,725Range:$540 – $3,200PSF:$2 / $2Sq Ft:1,117 / 1,143DOM:2 / 1New:148Total:340
3 Beds
Avg:$2,073Median:$2,110Range:$700 – $7,334PSF:$1 / $1Sq Ft:1,610 / 1,574DOM:16 / 1New:172Total:354
4 Beds
Avg:$2,460Median:$2,395Range:$1,695 – $5,695PSF:$1 / $1Sq Ft:2,113 / 2,071DOM:21 / 1New:52Total:130
5 Beds
Avg:$3,018Median:$2,975Range:$2,295 – $5,331PSF:$1 / $1Sq Ft:2,550 / 2,454DOM:23 / 1New:24Total:37
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,438 | $1,426 | $1,073 – $1,910 | $3 / $3 | 561 / 570 | 25 / 1 | 18 | 29 |
| 1 Beds | $1,351 | $1,350 | $495 – $2,450 | $2 / $2 | 776 / 747 | 4 / 1 | 166 | 364 |
| 2 Beds | $1,705 | $1,725 | $540 – $3,200 | $2 / $2 | 1,117 / 1,143 | 2 / 1 | 148 | 340 |
| 3 Beds | $2,073 | $2,110 | $700 – $7,334 | $1 / $1 | 1,610 / 1,574 | 16 / 1 | 172 | 354 |
| 4 Beds | $2,460 | $2,395 | $1,695 – $5,695 | $1 / $1 | 2,113 / 2,071 | 21 / 1 | 52 | 130 |
| 5 Beds | $3,018 | $2,975 | $2,295 – $5,331 | $1 / $1 | 2,550 / 2,454 | 23 / 1 | 24 | 37 |
6-Month Sales Trend
Oct 2025
Median Price:$415,000Median DOM:39New:245Total:728
Nov 2025
Median Price:$405,000Median DOM:44New:220Total:719
Dec 2025
Median Price:$405,000Median DOM:47New:229Total:722
Jan 2026
Median Price:$399,900Median DOM:44New:239Total:689
Feb 2026
Median Price:$400,000Median DOM:34New:269Total:731
Mar 2026
Median Price:$404,950Median DOM:24New:198Total:766
6-Month Rental Trend
Oct 2025
Median Rent:$1,755Median DOM:1New:652Total:980
Nov 2025
Median Rent:$1,704Median DOM:1New:909Total:1,223
Dec 2025
Median Rent:$1,704Median DOM:1New:913Total:1,242
Jan 2026
Median Rent:$1,719Median DOM:1New:893Total:1,220
Feb 2026
Median Rent:$1,740Median DOM:1New:900Total:1,228
Mar 2026
Median Rent:$1,740Median DOM:1New:580Total:1,254
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing remained stable, 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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