ZIP 27312 Housing Market Report
Raleigh Metro
Report period: March 2026
27312 Monthly Market Update – March 2026
ZIP 27312 · Last updated Mar 12, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$610,180
+1.7%
Median DOM (Sales)
58
−12.1%
New Listings (Sales)
48
−50.0%
Median Rent
$1,700
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
360
+0.6%
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 (11 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($1,222,815 median)
Sales Market Overview
Median Price
$610,180
+1.7%
Median DOM
58
−12.1%
New Listings
48
−50.0%
Inventory
324
−2.4%
- Average Price: $828,697
- Median Price: $610,180
- Price Range: $70,000 – $7,689,900
- Price per Sq Ft (Avg/Median): $304 / $282
- Square Footage (Avg/Median): 2,984 / 2,822
- Square Footage Range: 770 – 10,291
- Days on Market (Avg/Median): 92 / 58
- Days on Market Range: 2 – 364
- New Listings: 48
- Total Listings: 324
Sales by Property Type
Condo
Avg/Median Price$424,833 / $439,500Range$350,000 – $485,000Price per Sq Ft$412 / $416Sq Ft1,029 / 1,045DOM168 / 162New0Total3
Land
Avg/Median Price$497,586 / $364,900Range$70,000 – $4,500,000Price per Sq Ft—Sq Ft—DOM121 / 92New4Total94
Manufactured
Avg/Median Price$392,000 / $235,000Range$235,000 – $549,000Price per Sq Ft$431 / $150Sq Ft1,169 / 770DOM88 / 66New0Total2
Single Family
Avg/Median Price$1,079,602 / $875,000Range$180,000 – $7,689,900Price per Sq Ft$310 / $284Sq Ft3,274 / 3,160DOM88 / 43New26Total189
Townhouse
Avg/Median Price$433,928 / $445,690Range$349,000 – $491,139Price per Sq Ft$257 / $254Sq Ft1,723 / 1,734DOM45 / 11New18Total36
Sales by Bedroom Count
1 Beds
Avg:$354,833Median:$350,000Range:$275,000 – $439,500PSF:$382 / $399Sq Ft:920 / 877DOM:250 / 174New:0Total:3
2 Beds
Avg:$457,309Median:$464,900Range:$180,000 – $559,900PSF:$324 / $305Sq Ft:1,461 / 1,469DOM:35 / 11New:12Total:19
3 Beds
Avg:$583,858Median:$485,900Range:$235,000 – $4,200,000PSF:$273 / $254Sq Ft:2,108 / 1,987DOM:66 / 24New:20Total:90
4 Beds
Avg:$1,205,994Median:$999,999Range:$448,910 – $6,000,000PSF:$313 / $295Sq Ft:3,693 / 3,489DOM:95 / 50New:8Total:82
5 Beds
Avg:$1,723,222Median:$1,199,795Range:$620,000 – $7,689,900PSF:$355 / $311Sq Ft:4,456 / 4,144DOM:113 / 92New:4Total:33
6 Beds
Avg:$1,222,039Median:$1,222,815Range:$1,093,302 – $1,350,000PSF:$227 / $236Sq Ft:5,384 / 5,399DOM:121 / 139New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $354,833 | $350,000 | $275,000 – $439,500 | $382 / $399 | 920 / 877 | 250 / 174 | 0 | 3 |
| 2 Beds | $457,309 | $464,900 | $180,000 – $559,900 | $324 / $305 | 1,461 / 1,469 | 35 / 11 | 12 | 19 |
| 3 Beds | $583,858 | $485,900 | $235,000 – $4,200,000 | $273 / $254 | 2,108 / 1,987 | 66 / 24 | 20 | 90 |
| 4 Beds | $1,205,994 | $999,999 | $448,910 – $6,000,000 | $313 / $295 | 3,693 / 3,489 | 95 / 50 | 8 | 82 |
| 5 Beds | $1,723,222 | $1,199,795 | $620,000 – $7,689,900 | $355 / $311 | 4,456 / 4,144 | 113 / 92 | 4 | 33 |
| 6 Beds | $1,222,039 | $1,222,815 | $1,093,302 – $1,350,000 | $227 / $236 | 5,384 / 5,399 | 121 / 139 | 0 | 3 |
Rental Market Overview
Median Rent
$1,700
0.0%
Median DOM
1
0.0%
New Listings
278
Inventory
360
+0.6%
- Average Rent: $1,773
- Median Rent: $1,700
- Rent Range: $800 – $3,950
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,098 / 1,065
- Square Footage Range: 400 – 3,450
- Days on Market (Avg/Median): 8 / 1
- Days on Market Range: 1 – 359
- New Listings: 278
- Total Listings: 360
Rentals by Property Type
Apartment
$1,700
Median DOM: 1
Inventory: 317
MoM: 0.0%
Condo
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
$2,500
Median DOM: 28
Inventory: 40
MoM: 0.0%
Townhouse
$1,800
Median DOM: 15
Inventory: 2
MoM: 0.0%
Apartment
Avg/Median Rent$1,667 / $1,700Range$1,149 – $2,571Rent per Sq Ft$2 / $2Sq Ft989 / 1,065DOM4 / 1New268Total317
Multi-Family
Avg/Median Rent$1,600 / $1,600Range$1,600 – $1,600Rent per Sq Ft$1 / $1Sq Ft1,264 / 1,264DOM2 / 2New1Total1
Single Family
Avg/Median Rent$2,608 / $2,500Range$800 – $3,950Rent per Sq Ft$1 / $1Sq Ft1,956 / 1,878DOM45 / 28New9Total40
Townhouse
Avg/Median Rent$1,998 / $1,800Range$1,800 – $2,195Rent per Sq Ft$1 / $1Sq Ft1,572 / 1,328DOM43 / 15New0Total2
Rentals by Bedroom Count
Studio
Avg:$1,455Median:$1,486Range:$1,320 – $1,511PSF:$2 / $2Sq Ft:615 / 615DOM:1 / 1New:7Total:8
1 Beds
Avg:$1,452Median:$1,440Range:$800 – $2,121PSF:$2 / $2Sq Ft:770 / 791DOM:8 / 1New:83Total:110
2 Beds
Avg:$1,705Median:$1,710Range:$1,250 – $2,451PSF:$2 / $2Sq Ft:1,079 / 1,065DOM:5 / 1New:137Total:163
3 Beds
Avg:$2,188Median:$2,110Range:$1,650 – $3,500PSF:$2 / $2Sq Ft:1,422 / 1,373DOM:9 / 1New:48Total:66
4 Beds
Avg:$3,344Median:$3,500Range:$2,800 – $3,950PSF:$1 / $1Sq Ft:2,627 / 2,811DOM:10 / 1New:3Total:9
5 Beds
Avg:$3,622Median:$3,495Range:$3,095 – $3,950PSF:$1 / $1Sq Ft:3,164 / 3,103DOM:156 / 70New:0Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,455 | $1,486 | $1,320 – $1,511 | $2 / $2 | 615 / 615 | 1 / 1 | 7 | 8 |
| 1 Beds | $1,452 | $1,440 | $800 – $2,121 | $2 / $2 | 770 / 791 | 8 / 1 | 83 | 110 |
| 2 Beds | $1,705 | $1,710 | $1,250 – $2,451 | $2 / $2 | 1,079 / 1,065 | 5 / 1 | 137 | 163 |
| 3 Beds | $2,188 | $2,110 | $1,650 – $3,500 | $2 / $2 | 1,422 / 1,373 | 9 / 1 | 48 | 66 |
| 4 Beds | $3,344 | $3,500 | $2,800 – $3,950 | $1 / $1 | 2,627 / 2,811 | 10 / 1 | 3 | 9 |
| 5 Beds | $3,622 | $3,495 | $3,095 – $3,950 | $1 / $1 | 3,164 / 3,103 | 156 / 70 | 0 | 4 |
6-Month Sales Trend
Oct 2025
Median Price:$600,000Median DOM:71New:64Total:340
Nov 2025
Median Price:$580,000Median DOM:81New:58Total:340
Dec 2025
Median Price:$612,120Median DOM:89New:46Total:328
Jan 2026
Median Price:$620,000Median DOM:86New:65Total:294
Feb 2026
Median Price:$600,000Median DOM:66New:96Total:332
Mar 2026
Median Price:$610,180Median DOM:58New:48Total:324
6-Month Rental Trend
Oct 2025
Median Rent:$1,700Median DOM:1New:293Total:360
Nov 2025
Median Rent:$1,700Median DOM:1New:311Total:354
Dec 2025
Median Rent:$1,700Median DOM:1New:318Total:366
Jan 2026
Median Rent:$1,700Median DOM:1New:298Total:362
Feb 2026
Median Rent:$1,700Median DOM:1New:301Total:358
Mar 2026
Median Rent:$1,700Median DOM:1New:278Total:360
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. 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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