ZIP 27703 Housing Market Report
Raleigh Metro
Report period: May 2026
27703 Monthly Market Update – May 2026
ZIP 27703 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$409,770
−0.1%
Median DOM (Sales)
25
+4.2%
New Listings (Sales)
181
−42.9%
Median Rent
$1,834
−0.8%
Median DOM (Rental)
1
0.0%
Total Rental Listings
1,368
−2.9%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Multi-Family (15 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($945,000 median)
Sales Market Overview
Median Price
$409,770
−0.1%
Median DOM
25
+4.2%
New Listings
181
−42.9%
Inventory
885
+0.9%
- Average Price: $441,338
- Median Price: $409,770
- Price Range: $50,000 – $5,900,000
- Price per Sq Ft (Avg/Median): $223 / $211
- Square Footage (Avg/Median): 2,002 / 1,922
- Square Footage Range: 560 – 4,724
- Days on Market (Avg/Median): 48 / 25
- Days on Market Range: 1 – 333
- New Listings: 181
- Total Listings: 885
Sales by Property Type
Condo
Avg/Median Price$243,150 / $200,000Range$160,000 – $319,000Price per Sq Ft$199 / $195Sq Ft1,202 / 1,116DOM77 / 60New1Total6
Land
Avg/Median Price$528,182 / $155,000Range$50,000 – $5,900,000Price per Sq Ft—Sq Ft—DOM115 / 75New2Total46
Multi-Family
Avg/Median Price$598,817 / $579,000Range$225,000 – $945,000Price per Sq Ft$209 / $210Sq Ft2,765 / 2,098DOM69 / 15New2Total6
Single Family
Avg/Median Price$477,365 / $459,900Range$98,500 – $1,600,000Price per Sq Ft$236 / $225Sq Ft2,095 / 2,030DOM43 / 23New97Total511
Townhouse
Avg/Median Price$371,209 / $366,990Range$130,000 – $725,000Price per Sq Ft$202 / $199Sq Ft1,853 / 1,865DOM46 / 25New79Total316
Sales by Bedroom Count
Studio
Avg:$130,000Median:$130,000Range:$130,000 – $130,000PSF:$137 / $137Sq Ft:946 / 946DOM:28 / 28New:0Total:1
1 Beds
Avg:$248,483Median:$200,000Range:$150,000 – $395,450PSF:$267 / $268Sq Ft:919 / 1,025DOM:103 / 117New:0Total:3
2 Beds
Avg:$404,507Median:$425,000Range:$130,000 – $845,000PSF:$268 / $277Sq Ft:1,476 / 1,467DOM:51 / 32New:10Total:74
3 Beds
Avg:$411,971Median:$379,900Range:$98,500 – $1,600,000PSF:$225 / $214Sq Ft:1,851 / 1,858DOM:45 / 24New:113Total:524
4 Beds
Avg:$480,604Median:$452,990Range:$189,900 – $1,049,000PSF:$207 / $204Sq Ft:2,344 / 2,273DOM:41 / 20New:37Total:172
5 Beds
Avg:$555,208Median:$549,000Range:$300,000 – $849,000PSF:$189 / $187Sq Ft:2,935 / 2,950DOM:35 / 25New:18Total:61
6 Beds
Avg:$709,633Median:$699,900Range:$600,000 – $829,000PSF:$200 / $210Sq Ft:3,574 / 3,744DOM:157 / 179New:0Total:3
8 Beds
Avg:$945,000Median:$945,000Range:$945,000 – $945,000PSF:$243 / $243Sq Ft:3,881 / 3,881DOM:8 / 8New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $130,000 | $130,000 | $130,000 – $130,000 | $137 / $137 | 946 / 946 | 28 / 28 | 0 | 1 |
| 1 Beds | $248,483 | $200,000 | $150,000 – $395,450 | $267 / $268 | 919 / 1,025 | 103 / 117 | 0 | 3 |
| 2 Beds | $404,507 | $425,000 | $130,000 – $845,000 | $268 / $277 | 1,476 / 1,467 | 51 / 32 | 10 | 74 |
| 3 Beds | $411,971 | $379,900 | $98,500 – $1,600,000 | $225 / $214 | 1,851 / 1,858 | 45 / 24 | 113 | 524 |
| 4 Beds | $480,604 | $452,990 | $189,900 – $1,049,000 | $207 / $204 | 2,344 / 2,273 | 41 / 20 | 37 | 172 |
| 5 Beds | $555,208 | $549,000 | $300,000 – $849,000 | $189 / $187 | 2,935 / 2,950 | 35 / 25 | 18 | 61 |
| 6 Beds | $709,633 | $699,900 | $600,000 – $829,000 | $200 / $210 | 3,574 / 3,744 | 157 / 179 | 0 | 3 |
| 8 Beds | $945,000 | $945,000 | $945,000 – $945,000 | $243 / $243 | 3,881 / 3,881 | 8 / 8 | 1 | 1 |
Rental Market Overview
Median Rent
$1,834
−0.8%
Median DOM
1
0.0%
New Listings
810
Inventory
1,368
−2.9%
- Average Rent: $1,901
- Median Rent: $1,834
- Rent Range: $495 – $7,895
- Rent per Sq Ft (Avg/Median): $2 / $1
- Square Footage (Avg/Median): 1,340 / 1,238
- Square Footage Range: 300 – 3,317
- Days on Market (Avg/Median): 10 / 1
- Days on Market Range: 1 – 361
- New Listings: 810
- Total Listings: 1,368
Rentals by Property Type
Apartment
$1,704
Median DOM: 1
Inventory: 1,019
MoM: −0.8%
Condo
$1,295
Median DOM: 1
Inventory: 10
MoM: −0.8%
Single Family
$2,150
Median DOM: 1
Inventory: 201
MoM: −0.8%
Townhouse
$2,075
Median DOM: 16
Inventory: 137
MoM: −0.8%
Apartment
Avg/Median Rent$1,829 / $1,704Range$540 – $5,434Rent per Sq Ft$2 / $2Sq Ft1,197 / 1,143DOM4 / 1New697Total1,019
Condo
Avg/Median Rent$1,367 / $1,295Range$995 – $1,800Rent per Sq Ft$2 / $2Sq Ft951 / 850DOM2 / 1New6Total10
Multi-Family
Avg/Median Rent$875 / $875Range$875 – $875Rent per Sq Ft$2 / $2Sq Ft560 / 560DOM33 / 33New0Total1
Single Family
Avg/Median Rent$2,163 / $2,150Range$495 – $7,895Rent per Sq Ft$1 / $1Sq Ft1,809 / 1,776DOM17 / 1New76Total201
Townhouse
Avg/Median Rent$2,101 / $2,075Range$995 – $5,695Rent per Sq Ft$1 / $1Sq Ft1,811 / 1,800DOM43 / 16New31Total137
Rentals by Bedroom Count
Studio
Avg:$1,397Median:$1,375Range:$759 – $2,037PSF:$3 / $2Sq Ft:558 / 570DOM:15 / 1New:15Total:29
1 Beds
Avg:$1,336Median:$1,335Range:$495 – $2,450PSF:$2 / $2Sq Ft:773 / 747DOM:6 / 1New:209Total:337
2 Beds
Avg:$1,709Median:$1,694Range:$540 – $7,895PSF:$2 / $2Sq Ft:1,122 / 1,143DOM:5 / 1New:214Total:345
3 Beds
Avg:$2,216Median:$2,160Range:$700 – $7,855PSF:$1 / $1Sq Ft:1,657 / 1,574DOM:12 / 1New:306Total:510
4 Beds
Avg:$2,507Median:$2,495Range:$1,900 – $5,695PSF:$1 / $1Sq Ft:2,098 / 2,071DOM:23 / 1New:47Total:109
5 Beds
Avg:$3,081Median:$2,995Range:$2,295 – $5,434PSF:$1 / $1Sq Ft:2,535 / 2,454DOM:15 / 1New:19Total:38
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,397 | $1,375 | $759 – $2,037 | $3 / $2 | 558 / 570 | 15 / 1 | 15 | 29 |
| 1 Beds | $1,336 | $1,335 | $495 – $2,450 | $2 / $2 | 773 / 747 | 6 / 1 | 209 | 337 |
| 2 Beds | $1,709 | $1,694 | $540 – $7,895 | $2 / $2 | 1,122 / 1,143 | 5 / 1 | 214 | 345 |
| 3 Beds | $2,216 | $2,160 | $700 – $7,855 | $1 / $1 | 1,657 / 1,574 | 12 / 1 | 306 | 510 |
| 4 Beds | $2,507 | $2,495 | $1,900 – $5,695 | $1 / $1 | 2,098 / 2,071 | 23 / 1 | 47 | 109 |
| 5 Beds | $3,081 | $2,995 | $2,295 – $5,434 | $1 / $1 | 2,535 / 2,454 | 15 / 1 | 19 | 38 |
6-Month Sales Trend
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:$408,721Median DOM:22New:347Total:828
Apr 2026
Median Price:$409,990Median DOM:24New:317Total:877
May 2026
Median Price:$409,770Median DOM:25New:181Total:885
6-Month Rental Trend
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:$1,767Median DOM:1New:962Total:1,286
Apr 2026
Median Rent:$1,849Median DOM:1New:1,048Total:1,409
May 2026
Median Rent:$1,834Median DOM:1New:810Total:1,368
Key Market Takeaways
Median sale prices softened 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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