ZIP 27704 Housing Market Report
Raleigh Metro
Report period: March 2026
27704 Monthly Market Update – March 2026
ZIP 27704 · Last updated Mar 12, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$310,000
−1.3%
Median DOM (Sales)
27
−20.6%
New Listings (Sales)
58
−48.2%
Median Rent
$1,675
+1.5%
Median DOM (Rental)
1
0.0%
Total Rental Listings
293
+1.4%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Townhouse (7 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($449,990 median)
Sales Market Overview
Median Price
$310,000
−1.3%
Median DOM
27
−20.6%
New Listings
58
−48.2%
Inventory
349
+1.2%
- Average Price: $390,877
- Median Price: $310,000
- Price Range: $45,000 – $6,800,000
- Price per Sq Ft (Avg/Median): $220 / $208
- Square Footage (Avg/Median): 1,608 / 1,558
- Square Footage Range: 576 – 5,309
- Days on Market (Avg/Median): 61 / 27
- Days on Market Range: 1 – 365
- New Listings: 58
- Total Listings: 349
Sales by Property Type
Land
Avg/Median Price$749,505 / $149,000Range$45,000 – $6,800,000Price per Sq Ft—Sq Ft—DOM125 / 101New1Total41
Manufactured
Avg/Median Price$300,000 / $300,000Range$300,000 – $300,000Price per Sq Ft$207 / $207Sq Ft1,450 / 1,450DOM64 / 64New0Total1
Multi-Family
Avg/Median Price$343,000 / $335,000Range$335,000 – $375,000Price per Sq Ft$187 / $155Sq Ft1,971 / 2,166DOM45 / 47New0Total5
Single Family
Avg/Median Price$370,118 / $359,900Range$120,000 – $1,597,000Price per Sq Ft$237 / $228Sq Ft1,636 / 1,563DOM65 / 36New23Total185
Townhouse
Avg/Median Price$300,849 / $297,990Range$209,900 – $461,990Price per Sq Ft$195 / $195Sq Ft1,551 / 1,558DOM34 / 7New34Total117
Sales by Bedroom Count
1 Beds
Avg:$170,000Median:$170,000Range:$170,000 – $170,000PSF:$295 / $295Sq Ft:576 / 576DOM:191 / 191New:0Total:1
2 Beds
Avg:$296,651Median:$275,000Range:$120,000 – $675,000PSF:$272 / $267Sq Ft:1,099 / 1,002DOM:89 / 61New:2Total:33
3 Beds
Avg:$320,660Median:$305,000Range:$170,000 – $825,000PSF:$218 / $206Sq Ft:1,501 / 1,513DOM:48 / 16New:44Total:210
4 Beds
Avg:$421,021Median:$410,000Range:$225,000 – $650,000PSF:$208 / $209Sq Ft:2,045 / 1,996DOM:50 / 35New:5Total:47
5 Beds
Avg:$525,067Median:$449,990Range:$399,990 – $1,597,000PSF:$181 / $173Sq Ft:2,796 / 2,670DOM:35 / 7New:6Total:16
6 Beds
Avg:$199,000Median:$199,000Range:$199,000 – $199,000PSF:$78 / $78Sq Ft:2,558 / 2,558DOM:89 / 89New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $170,000 | $170,000 | $170,000 – $170,000 | $295 / $295 | 576 / 576 | 191 / 191 | 0 | 1 |
| 2 Beds | $296,651 | $275,000 | $120,000 – $675,000 | $272 / $267 | 1,099 / 1,002 | 89 / 61 | 2 | 33 |
| 3 Beds | $320,660 | $305,000 | $170,000 – $825,000 | $218 / $206 | 1,501 / 1,513 | 48 / 16 | 44 | 210 |
| 4 Beds | $421,021 | $410,000 | $225,000 – $650,000 | $208 / $209 | 2,045 / 1,996 | 50 / 35 | 5 | 47 |
| 5 Beds | $525,067 | $449,990 | $399,990 – $1,597,000 | $181 / $173 | 2,796 / 2,670 | 35 / 7 | 6 | 16 |
| 6 Beds | $199,000 | $199,000 | $199,000 – $199,000 | $78 / $78 | 2,558 / 2,558 | 89 / 89 | 0 | 1 |
Rental Market Overview
Median Rent
$1,675
+1.5%
Median DOM
1
0.0%
New Listings
141
Inventory
293
+1.4%
- Average Rent: $1,676
- Median Rent: $1,675
- Rent Range: $500 – $4,800
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,212 / 1,116
- Square Footage Range: 561 – 3,238
- Days on Market (Avg/Median): 20 / 1
- Days on Market Range: 1 – 294
- New Listings: 141
- Total Listings: 293
Rentals by Property Type
Apartment
$1,406
Median DOM: 1
Inventory: 155
MoM: +1.5%
Condo
$1,200
Median DOM: 1
Inventory: 2
MoM: +1.5%
Single Family
$1,875
Median DOM: 1
Inventory: 78
MoM: +1.5%
Townhouse
$1,875
Median DOM: 14
Inventory: 58
MoM: +1.5%
Apartment
Avg/Median Rent$1,488 / $1,406Range$500 – $4,500Rent per Sq Ft$2 / $1Sq Ft962 / 955DOM12 / 1New91Total155
Condo
Avg/Median Rent$1,322 / $1,200Range$1,200 – $1,445Rent per Sq Ft$1 / $1Sq Ft1,006 / 932DOM1 / 1New1Total2
Single Family
Avg/Median Rent$1,921 / $1,875Range$645 – $4,800Rent per Sq Ft$1 / $1Sq Ft1,553 / 1,457DOM22 / 1New35Total78
Townhouse
Avg/Median Rent$1,859 / $1,875Range$1,191 – $2,500Rent per Sq Ft$1 / $1Sq Ft1,540 / 1,550DOM39 / 14New14Total58
Rentals by Bedroom Count
1 Beds
Avg:$1,218Median:$1,249Range:$500 – $1,690PSF:$2 / $2Sq Ft:770 / 756DOM:19 / 1New:38Total:63
2 Beds
Avg:$1,601Median:$1,530Range:$1,190 – $2,600PSF:$2 / $1Sq Ft:1,036 / 1,031DOM:8 / 1New:43Total:90
3 Beds
Avg:$1,858Median:$1,834Range:$1,350 – $4,500PSF:$1 / $1Sq Ft:1,454 / 1,440DOM:26 / 1New:55Total:121
4 Beds
Avg:$2,394Median:$2,110Range:$1,795 – $4,800PSF:$1 / $1Sq Ft:2,038 / 1,993DOM:36 / 1New:4Total:17
5 Beds
Avg:$2,350Median:$2,200Range:$2,200 – $2,500PSF:$1 / $1Sq Ft:3,238 / 3,238DOM:79 / 1New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,218 | $1,249 | $500 – $1,690 | $2 / $2 | 770 / 756 | 19 / 1 | 38 | 63 |
| 2 Beds | $1,601 | $1,530 | $1,190 – $2,600 | $2 / $1 | 1,036 / 1,031 | 8 / 1 | 43 | 90 |
| 3 Beds | $1,858 | $1,834 | $1,350 – $4,500 | $1 / $1 | 1,454 / 1,440 | 26 / 1 | 55 | 121 |
| 4 Beds | $2,394 | $2,110 | $1,795 – $4,800 | $1 / $1 | 2,038 / 1,993 | 36 / 1 | 4 | 17 |
| 5 Beds | $2,350 | $2,200 | $2,200 – $2,500 | $1 / $1 | 3,238 / 3,238 | 79 / 1 | 1 | 2 |
6-Month Sales Trend
Oct 2025
Median Price:$325,000Median DOM:35New:109Total:303
Nov 2025
Median Price:$319,000Median DOM:38New:80Total:299
Dec 2025
Median Price:$309,990Median DOM:49New:78Total:287
Jan 2026
Median Price:$308,990Median DOM:39New:122Total:311
Feb 2026
Median Price:$313,990Median DOM:34New:112Total:345
Mar 2026
Median Price:$310,000Median DOM:27New:58Total:349
6-Month Rental Trend
Oct 2025
Median Rent:$1,745Median DOM:1New:159Total:266
Nov 2025
Median Rent:$1,725Median DOM:1New:148Total:264
Dec 2025
Median Rent:$1,719Median DOM:1New:147Total:249
Jan 2026
Median Rent:$1,630Median DOM:1New:163Total:273
Feb 2026
Median Rent:$1,650Median DOM:1New:193Total:289
Mar 2026
Median Rent:$1,675Median DOM:1New:141Total:293
Key Market Takeaways
Median sale prices softened this month while inventory expanded. 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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