ZIP 27231 Housing Market Report
Raleigh Metro
Report period: March 2026
27231 Monthly Market Update – March 2026
ZIP 27231 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$299,000
−5.2%
Median DOM (Sales)
163
+5.2%
New Listings (Sales)
0
−100.0%
Median Rent
$1,340
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
1
−50.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (33 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 5 Beds ($838,500 median)
Sales Market Overview
Median Price
$299,000
−5.2%
Median DOM
163
+5.2%
New Listings
0
−100.0%
Inventory
22
+4.8%
- Average Price: $403,477
- Median Price: $299,000
- Price Range: $19,900 – $1,188,000
- Price per Sq Ft (Avg/Median): $269 / $257
- Square Footage (Avg/Median): 2,568 / 2,383
- Square Footage Range: 1,437 – 3,756
- Days on Market (Avg/Median): 144 / 163
- Days on Market Range: 7 – 344
- New Listings: 0
- Total Listings: 22
Sales by Property Type
Land
Avg/Median Price$269,693 / $245,000Range$19,900 – $787,500Price per Sq Ft—Sq Ft—DOM152 / 166New0Total15
Single Family
Avg/Median Price$690,157 / $670,000Range$369,700 – $1,188,000Price per Sq Ft$269 / $257Sq Ft2,568 / 2,383DOM126 / 33New0Total7
Sales by Bedroom Count
3 Beds
Avg:$591,175Median:$550,000Range:$369,700 – $775,000PSF:$282 / $257Sq Ft:2,112 / 2,079DOM:47 / 21New:0Total:4
4 Beds
Avg:$439,900Median:$439,900Range:$439,900 – $439,900PSF:$211 / $211Sq Ft:2,083 / 2,083DOM:15 / 15New:0Total:1
5 Beds
Avg:$1,013,250Median:$838,500Range:$838,500 – $1,188,000PSF:$273 / $223Sq Ft:3,724 / 3,691DOM:340 / 335New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 3 Beds | $591,175 | $550,000 | $369,700 – $775,000 | $282 / $257 | 2,112 / 2,079 | 47 / 21 | 0 | 4 |
| 4 Beds | $439,900 | $439,900 | $439,900 – $439,900 | $211 / $211 | 2,083 / 2,083 | 15 / 15 | 0 | 1 |
| 5 Beds | $1,013,250 | $838,500 | $838,500 – $1,188,000 | $273 / $223 | 3,724 / 3,691 | 340 / 335 | 0 | 2 |
Rental Market Overview
Median Rent
$1,340
0.0%
Median DOM
1
0.0%
New Listings
0
Inventory
1
−50.0%
- Average Rent: $1,340
- Median Rent: $1,340
- Rent Range: $1,340 – $1,340
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,382 / 1,382
- Square Footage Range: 1,382 – 1,382
- Days on Market (Avg/Median): 1 / 1
- Days on Market Range: 1 – 1
- New Listings: 0
- Total Listings: 1
Rentals by Property Type
Apartment
—
Median DOM: —
Inventory: —
MoM: 0.0%
Condo
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
$1,340
Median DOM: 1
Inventory: 1
MoM: 0.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
Avg/Median Rent$1,340 / $1,340Range$1,340 – $1,340Rent per Sq Ft$1 / $1Sq Ft1,382 / 1,382DOM1 / 1New0Total1
Rentals by Bedroom Count
1 Beds
Avg:$1,340Median:$1,340Range:$1,340 – $1,340PSF:$1 / $1Sq Ft:1,382 / 1,382DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,340 | $1,340 | $1,340 – $1,340 | $1 / $1 | 1,382 / 1,382 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$385,000Median DOM:149New:0Total:23
Nov 2025
Median Price:$399,900Median DOM:88New:1Total:21
Dec 2025
Median Price:$330,000Median DOM:98New:0Total:19
Jan 2026
Median Price:$315,500Median DOM:128New:1Total:17
Feb 2026
Median Price:$315,500Median DOM:155New:6Total:21
Mar 2026
Median Price:$299,000Median DOM:163New:0Total:22
6-Month Rental Trend
Nov 2025
Median Rent:$1,950Median DOM:20New:1Total:1
Dec 2025
Median Rent:$1,950Median DOM:51New:0Total:1
Jan 2026
Median Rent:$1,340Median DOM:1New:1Total:2
Feb 2026
Median Rent:$1,340Median DOM:1New:0Total:2
Mar 2026
Median Rent:$1,340Median DOM:1New:0Total:1
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing remained stable, 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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