ZIP 27502 Housing Market Report
Raleigh Metro
Report period: March 2026
27502 Monthly Market Update – March 2026
ZIP 27502 · Last updated Mar 12, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$500,000
−4.8%
Median DOM (Sales)
12
−40.0%
New Listings (Sales)
101
−14.4%
Median Rent
$1,950
+0.5%
Median DOM (Rental)
1
0.0%
Total Rental Listings
395
+1.5%
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: Multi-Family (6 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($1,299,900 median)
Sales Market Overview
Median Price
$500,000
−4.8%
Median DOM
12
−40.0%
New Listings
101
−14.4%
Inventory
333
+5.4%
- Average Price: $639,924
- Median Price: $500,000
- Price Range: $210,000 – $4,500,000
- Price per Sq Ft (Avg/Median): $248 / $235
- Square Footage (Avg/Median): 2,453 / 2,231
- Square Footage Range: 966 – 6,284
- Days on Market (Avg/Median): 44 / 12
- Days on Market Range: 2 – 287
- New Listings: 101
- Total Listings: 333
Sales by Property Type
Condo
Avg/Median Price$308,000 / $315,000Range$290,000 – $319,000Price per Sq Ft$248 / $234Sq Ft1,261 / 1,345DOM71 / 34New1Total3
Land
Avg/Median Price$1,831,667 / $900,000Range$210,000 – $4,500,000Price per Sq Ft—Sq Ft—DOM81 / 68New0Total9
Manufactured
Avg/Median Price$709,000 / $629,999Range$629,999 – $788,000Price per Sq Ft$443 / $417Sq Ft1,596 / 1,512DOM206 / 124New0Total2
Multi-Family
Avg/Median Price$499,000 / $499,000Range$499,000 – $499,000Price per Sq Ft$326 / $326Sq Ft1,532 / 1,532DOM6 / 6New1Total1
Single Family
Avg/Median Price$760,232 / $710,000Range$320,000 – $2,300,000Price per Sq Ft$279 / $260Sq Ft2,793 / 2,690DOM46 / 13New40Total157
Townhouse
Avg/Median Price$462,188 / $470,000Range$309,000 – $629,900Price per Sq Ft$216 / $213Sq Ft2,161 / 2,221DOM37 / 8New59Total161
Sales by Bedroom Count
2 Beds
Avg:$352,073Median:$338,900Range:$290,000 – $499,000PSF:$269 / $247Sq Ft:1,332 / 1,380DOM:35 / 27New:2Total:11
3 Beds
Avg:$540,502Median:$482,990Range:$309,000 – $2,300,000PSF:$258 / $244Sq Ft:2,095 / 2,085DOM:45 / 8New:43Total:133
4 Beds
Avg:$589,863Median:$495,000Range:$375,000 – $1,427,995PSF:$236 / $217Sq Ft:2,477 / 2,253DOM:42 / 9New:41Total:132
5 Beds
Avg:$840,083Median:$814,900Range:$599,900 – $1,375,000PSF:$251 / $245Sq Ft:3,400 / 3,341DOM:41 / 15New:12Total:37
6 Beds
Avg:$1,045,031Median:$949,900Range:$800,000 – $1,525,000PSF:$238 / $242Sq Ft:4,391 / 4,412DOM:39 / 33New:2Total:9
7 Beds
Avg:$1,200,000Median:$1,200,000Range:$1,200,000 – $1,200,000PSF:$254 / $254Sq Ft:4,724 / 4,724DOM:31 / 31New:0Total:1
8 Beds
Avg:$1,299,900Median:$1,299,900Range:$1,299,900 – $1,299,900PSF:$288 / $288Sq Ft:4,518 / 4,518DOM:7 / 7New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $352,073 | $338,900 | $290,000 – $499,000 | $269 / $247 | 1,332 / 1,380 | 35 / 27 | 2 | 11 |
| 3 Beds | $540,502 | $482,990 | $309,000 – $2,300,000 | $258 / $244 | 2,095 / 2,085 | 45 / 8 | 43 | 133 |
| 4 Beds | $589,863 | $495,000 | $375,000 – $1,427,995 | $236 / $217 | 2,477 / 2,253 | 42 / 9 | 41 | 132 |
| 5 Beds | $840,083 | $814,900 | $599,900 – $1,375,000 | $251 / $245 | 3,400 / 3,341 | 41 / 15 | 12 | 37 |
| 6 Beds | $1,045,031 | $949,900 | $800,000 – $1,525,000 | $238 / $242 | 4,391 / 4,412 | 39 / 33 | 2 | 9 |
| 7 Beds | $1,200,000 | $1,200,000 | $1,200,000 – $1,200,000 | $254 / $254 | 4,724 / 4,724 | 31 / 31 | 0 | 1 |
| 8 Beds | $1,299,900 | $1,299,900 | $1,299,900 – $1,299,900 | $288 / $288 | 4,518 / 4,518 | 7 / 7 | 1 | 1 |
Rental Market Overview
Median Rent
$1,950
+0.5%
Median DOM
1
0.0%
New Listings
189
Inventory
395
+1.5%
- Average Rent: $1,971
- Median Rent: $1,950
- Rent Range: $650 – $4,500
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,486 / 1,264
- Square Footage Range: 576 – 3,591
- Days on Market (Avg/Median): 24 / 1
- Days on Market Range: 1 – 360
- New Listings: 189
- Total Listings: 395
Rentals by Property Type
Apartment
$1,640
Median DOM: 1
Inventory: 227
MoM: +0.5%
Condo
—
Median DOM: —
Inventory: —
MoM: +0.5%
Single Family
$2,500
Median DOM: 9
Inventory: 61
MoM: +0.5%
Townhouse
$2,150
Median DOM: 22
Inventory: 107
MoM: +0.5%
Apartment
Avg/Median Rent$1,737 / $1,640Range$1,188 – $2,864Rent per Sq Ft$2 / $2Sq Ft1,030 / 1,060DOM14 / 1New151Total227
Single Family
Avg/Median Rent$2,522 / $2,500Range$650 – $4,500Rent per Sq Ft$1 / $1Sq Ft2,317 / 2,321DOM31 / 9New19Total61
Townhouse
Avg/Median Rent$2,154 / $2,150Range$1,620 – $3,300Rent per Sq Ft$1 / $1Sq Ft2,030 / 2,150DOM41 / 22New19Total107
Rentals by Bedroom Count
Studio
Avg:$1,924Median:$1,397Range:$1,397 – $2,450PSF:$2 / $1Sq Ft:1,547 / 576DOM:83 / 21New:0Total:2
1 Beds
Avg:$1,422Median:$1,420Range:$650 – $1,809PSF:$2 / $2Sq Ft:791 / 726DOM:14 / 1New:70Total:103
2 Beds
Avg:$1,935Median:$1,902Range:$1,238 – $3,300PSF:$2 / $2Sq Ft:1,193 / 1,202DOM:12 / 1New:72Total:111
3 Beds
Avg:$2,152Median:$2,100Range:$1,500 – $3,750PSF:$1 / $1Sq Ft:1,794 / 1,756DOM:36 / 11New:29Total:97
4 Beds
Avg:$2,360Median:$2,300Range:$1,850 – $3,295PSF:$1 / $1Sq Ft:2,318 / 2,214DOM:39 / 16New:14Total:67
5 Beds
Avg:$3,115Median:$3,000Range:$2,595 – $4,500PSF:$1 / $1Sq Ft:3,096 / 3,194DOM:16 / 7New:4Total:15
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,924 | $1,397 | $1,397 – $2,450 | $2 / $1 | 1,547 / 576 | 83 / 21 | 0 | 2 |
| 1 Beds | $1,422 | $1,420 | $650 – $1,809 | $2 / $2 | 791 / 726 | 14 / 1 | 70 | 103 |
| 2 Beds | $1,935 | $1,902 | $1,238 – $3,300 | $2 / $2 | 1,193 / 1,202 | 12 / 1 | 72 | 111 |
| 3 Beds | $2,152 | $2,100 | $1,500 – $3,750 | $1 / $1 | 1,794 / 1,756 | 36 / 11 | 29 | 97 |
| 4 Beds | $2,360 | $2,300 | $1,850 – $3,295 | $1 / $1 | 2,318 / 2,214 | 39 / 16 | 14 | 67 |
| 5 Beds | $3,115 | $3,000 | $2,595 – $4,500 | $1 / $1 | 3,096 / 3,194 | 16 / 7 | 4 | 15 |
6-Month Sales Trend
Oct 2025
Median Price:$525,000Median DOM:27New:159Total:419
Nov 2025
Median Price:$515,000Median DOM:31New:108Total:381
Dec 2025
Median Price:$505,000Median DOM:40New:104Total:329
Jan 2026
Median Price:$525,000Median DOM:24New:138Total:310
Feb 2026
Median Price:$525,000Median DOM:20New:118Total:316
Mar 2026
Median Price:$500,000Median DOM:12New:101Total:333
6-Month Rental Trend
Oct 2025
Median Rent:$2,000Median DOM:1New:395Total:545
Nov 2025
Median Rent:$2,010Median DOM:1New:389Total:523
Dec 2025
Median Rent:$1,975Median DOM:1New:245Total:503
Jan 2026
Median Rent:$2,000Median DOM:1New:252Total:381
Feb 2026
Median Rent:$1,940Median DOM:1New:244Total:389
Mar 2026
Median Rent:$1,950Median DOM:1New:189Total:395
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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