ZIP 27511 Housing Market Report
Raleigh Metro
Report period: March 2026
27511 Monthly Market Update – March 2026
ZIP 27511 · Last updated Mar 12, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$557,000
−0.5%
Median DOM (Sales)
38
−25.5%
New Listings (Sales)
26
−46.9%
Median Rent
$1,641
+0.1%
Median DOM (Rental)
1
0.0%
Total Rental Listings
319
0.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents moved higher.
What's Moving Fastest
- Fastest selling: Multi-Family (2 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($1,890,000 median)
Sales Market Overview
Median Price
$557,000
−0.5%
Median DOM
38
−25.5%
New Listings
26
−46.9%
Inventory
175
+1.2%
- Average Price: $758,700
- Median Price: $557,000
- Price Range: $150,000 – $4,200,000
- Price per Sq Ft (Avg/Median): $299 / $263
- Square Footage (Avg/Median): 2,359 / 2,039
- Square Footage Range: 731 – 12,658
- Days on Market (Avg/Median): 65 / 38
- Days on Market Range: 2 – 327
- New Listings: 26
- Total Listings: 175
Sales by Property Type
Condo
Avg/Median Price$569,829 / $591,590Range$150,000 – $843,490Price per Sq Ft$329 / $334Sq Ft1,710 / 1,576DOM39 / 6New8Total20
Land
Avg/Median Price$1,027,488 / $599,900Range$325,000 – $2,495,000Price per Sq Ft—Sq Ft—DOM160 / 111New0Total8
Multi-Family
Avg/Median Price$900,000 / $850,000Range$850,000 – $950,000Price per Sq Ft$387 / $260Sq Ft2,654 / 1,651DOM13 / 2New1Total2
Single Family
Avg/Median Price$945,504 / $599,900Range$334,900 – $4,200,000Price per Sq Ft$323 / $275Sq Ft2,820 / 2,418DOM68 / 44New13Total101
Townhouse
Avg/Median Price$360,457 / $340,000Range$225,000 – $825,000Price per Sq Ft$227 / $224Sq Ft1,582 / 1,489DOM57 / 29New4Total44
Sales by Bedroom Count
2 Beds
Avg:$365,225Median:$285,000Range:$150,000 – $700,000PSF:$305 / $253Sq Ft:1,214 / 1,180DOM:59 / 37New:6Total:26
3 Beds
Avg:$535,536Median:$469,000Range:$250,000 – $1,775,000PSF:$285 / $268Sq Ft:1,845 / 1,699DOM:56 / 27New:11Total:70
4 Beds
Avg:$702,419Median:$589,900Range:$399,000 – $2,100,000PSF:$268 / $250Sq Ft:2,604 / 2,459DOM:56 / 22New:8Total:45
5 Beds
Avg:$1,623,877Median:$1,105,000Range:$575,000 – $4,200,000PSF:$390 / $407Sq Ft:3,938 / 3,787DOM:87 / 79New:1Total:22
6 Beds
Avg:$2,558,750Median:$1,890,000Range:$1,250,000 – $3,900,000PSF:$357 / $308Sq Ft:7,344 / 4,455DOM:87 / 39New:0Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $365,225 | $285,000 | $150,000 – $700,000 | $305 / $253 | 1,214 / 1,180 | 59 / 37 | 6 | 26 |
| 3 Beds | $535,536 | $469,000 | $250,000 – $1,775,000 | $285 / $268 | 1,845 / 1,699 | 56 / 27 | 11 | 70 |
| 4 Beds | $702,419 | $589,900 | $399,000 – $2,100,000 | $268 / $250 | 2,604 / 2,459 | 56 / 22 | 8 | 45 |
| 5 Beds | $1,623,877 | $1,105,000 | $575,000 – $4,200,000 | $390 / $407 | 3,938 / 3,787 | 87 / 79 | 1 | 22 |
| 6 Beds | $2,558,750 | $1,890,000 | $1,250,000 – $3,900,000 | $357 / $308 | 7,344 / 4,455 | 87 / 39 | 0 | 4 |
Rental Market Overview
Median Rent
$1,641
+0.1%
Median DOM
1
0.0%
New Listings
136
Inventory
319
0.0%
- Average Rent: $1,795
- Median Rent: $1,641
- Rent Range: $1,000 – $9,432
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,052 / 1,028
- Square Footage Range: 500 – 2,820
- Days on Market (Avg/Median): 15 / 1
- Days on Market Range: 1 – 335
- New Listings: 136
- Total Listings: 319
Rentals by Property Type
Apartment
$1,501
Median DOM: 1
Inventory: 253
MoM: +0.1%
Condo
$1,500
Median DOM: 64
Inventory: 6
MoM: +0.1%
Single Family
$2,050
Median DOM: 4
Inventory: 28
MoM: +0.1%
Townhouse
$1,695
Median DOM: 26
Inventory: 31
MoM: +0.1%
Apartment
Avg/Median Rent$1,746 / $1,501Range$1,000 – $9,432Rent per Sq Ft$2 / $2Sq Ft950 / 950DOM11 / 1New119Total253
Condo
Avg/Median Rent$1,922 / $1,500Range$1,295 – $3,800Rent per Sq Ft$1 / $1Sq Ft1,355 / 1,110DOM51 / 64New1Total6
Multi-Family
Avg/Median Rent$1,400 / $1,400Range$1,400 – $1,400Rent per Sq Ft$1 / $1Sq Ft1,150 / 1,150DOM75 / 75New0Total1
Single Family
Avg/Median Rent$2,200 / $2,050Range$1,450 – $3,500Rent per Sq Ft$1 / $1Sq Ft1,637 / 1,488DOM16 / 4New11Total28
Townhouse
Avg/Median Rent$1,818 / $1,695Range$1,050 – $6,544Rent per Sq Ft$1 / $1Sq Ft1,316 / 1,263DOM42 / 26New5Total31
Rentals by Bedroom Count
Studio
Avg:$1,932Median:$1,708Range:$1,579 – $3,800PSF:$3 / $3Sq Ft:879 / 627DOM:15 / 1New:5Total:10
1 Beds
Avg:$1,484Median:$1,389Range:$1,000 – $4,348PSF:$2 / $2Sq Ft:746 / 743DOM:10 / 1New:41Total:87
2 Beds
Avg:$1,711Median:$1,495Range:$1,050 – $3,120PSF:$2 / $2Sq Ft:1,054 / 1,098DOM:13 / 1New:73Total:158
3 Beds
Avg:$2,142Median:$1,882Range:$1,329 – $6,544PSF:$1 / $1Sq Ft:1,451 / 1,326DOM:29 / 1New:14Total:56
4 Beds
Avg:$4,237Median:$3,050Range:$2,295 – $9,432PSF:$1 / $1Sq Ft:2,276 / 2,232DOM:22 / 7New:3Total:8
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,932 | $1,708 | $1,579 – $3,800 | $3 / $3 | 879 / 627 | 15 / 1 | 5 | 10 |
| 1 Beds | $1,484 | $1,389 | $1,000 – $4,348 | $2 / $2 | 746 / 743 | 10 / 1 | 41 | 87 |
| 2 Beds | $1,711 | $1,495 | $1,050 – $3,120 | $2 / $2 | 1,054 / 1,098 | 13 / 1 | 73 | 158 |
| 3 Beds | $2,142 | $1,882 | $1,329 – $6,544 | $1 / $1 | 1,451 / 1,326 | 29 / 1 | 14 | 56 |
| 4 Beds | $4,237 | $3,050 | $2,295 – $9,432 | $1 / $1 | 2,276 / 2,232 | 22 / 7 | 3 | 8 |
6-Month Sales Trend
Oct 2025
Median Price:$533,590Median DOM:48New:51Total:204
Nov 2025
Median Price:$545,000Median DOM:49New:42Total:201
Dec 2025
Median Price:$549,900Median DOM:58New:29Total:175
Jan 2026
Median Price:$553,390Median DOM:64New:43Total:170
Feb 2026
Median Price:$560,000Median DOM:51New:49Total:173
Mar 2026
Median Price:$557,000Median DOM:38New:26Total:175
6-Month Rental Trend
Oct 2025
Median Rent:$1,725Median DOM:1New:211Total:321
Nov 2025
Median Rent:$1,711Median DOM:1New:205Total:305
Dec 2025
Median Rent:$1,695Median DOM:1New:187Total:296
Jan 2026
Median Rent:$1,675Median DOM:1New:200Total:306
Feb 2026
Median Rent:$1,639Median DOM:1New:185Total:319
Mar 2026
Median Rent:$1,641Median DOM:1New:136Total:319
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 was flat.
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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