ZIP 27514 Housing Market Report
Raleigh Metro
Report period: March 2026
27514 Monthly Market Update – March 2026
ZIP 27514 · Last updated Mar 12, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$625,000
+10.6%
Median DOM (Sales)
37
−28.8%
New Listings (Sales)
18
−55.0%
Median Rent
$1,560
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
474
+6.0%
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: Single Family (24 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($1,300,000 median)
Sales Market Overview
Median Price
$625,000
+10.6%
Median DOM
37
−28.8%
New Listings
18
−55.0%
Inventory
128
+10.3%
- Average Price: $876,022
- Median Price: $625,000
- Price Range: $84,900 – $8,995,000
- Price per Sq Ft (Avg/Median): $303 / $271
- Square Footage (Avg/Median): 2,271 / 2,054
- Square Footage Range: 621 – 9,655
- Days on Market (Avg/Median): 79 / 37
- Days on Market Range: 2 – 360
- New Listings: 18
- Total Listings: 128
Sales by Property Type
Apartment
Avg/Median Price$1,395,000 / $1,395,000Range$1,395,000 – $1,395,000Price per Sq Ft$492 / $492Sq Ft2,835 / 2,835DOM358 / 358New0Total1
Condo
Avg/Median Price$316,795 / $229,900Range$84,900 – $1,999,000Price per Sq Ft$255 / $236Sq Ft1,147 / 1,130DOM80 / 35New3Total44
Land
Avg/Median Price$2,039,346 / $625,000Range$219,500 – $8,995,000Price per Sq Ft—Sq Ft—DOM121 / 91New1Total13
Multi-Family
Avg/Median Price$630,350 / $650,000Range$271,500 – $849,900Price per Sq Ft$259 / $235Sq Ft2,438 / 2,186DOM141 / 108New0Total4
Single Family
Avg/Median Price$1,192,859 / $1,050,000Range$289,900 – $5,200,000Price per Sq Ft$345 / $319Sq Ft3,449 / 3,074DOM61 / 24New13Total49
Townhouse
Avg/Median Price$547,871 / $450,000Range$255,000 – $855,000Price per Sq Ft$307 / $303Sq Ft1,710 / 1,912DOM69 / 49New1Total17
Sales by Bedroom Count
1 Beds
Avg:$154,371Median:$139,000Range:$84,900 – $312,300PSF:$222 / $207Sq Ft:687 / 670DOM:28 / 21New:0Total:7
2 Beds
Avg:$286,341Median:$235,000Range:$168,000 – $805,000PSF:$246 / $236Sq Ft:1,134 / 1,130DOM:88 / 52New:3Total:34
3 Beds
Avg:$671,153Median:$535,000Range:$225,000 – $1,999,000PSF:$324 / $311Sq Ft:2,020 / 1,912DOM:59 / 27New:7Total:32
4 Beds
Avg:$1,084,665Median:$975,000Range:$525,000 – $2,490,000PSF:$360 / $340Sq Ft:3,027 / 2,860DOM:61 / 20New:5Total:26
5 Beds
Avg:$1,733,077Median:$1,300,000Range:$850,000 – $5,200,000PSF:$334 / $295Sq Ft:5,012 / 4,412DOM:108 / 62New:2Total:13
6 Beds
Avg:$872,500Median:$750,000Range:$750,000 – $995,000PSF:$311 / $271Sq Ft:2,804 / 2,769DOM:88 / 41New:0Total:2
8 Beds
Avg:$849,900Median:$849,900Range:$849,900 – $849,900PSF:$233 / $233Sq Ft:3,641 / 3,641DOM:294 / 294New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $154,371 | $139,000 | $84,900 – $312,300 | $222 / $207 | 687 / 670 | 28 / 21 | 0 | 7 |
| 2 Beds | $286,341 | $235,000 | $168,000 – $805,000 | $246 / $236 | 1,134 / 1,130 | 88 / 52 | 3 | 34 |
| 3 Beds | $671,153 | $535,000 | $225,000 – $1,999,000 | $324 / $311 | 2,020 / 1,912 | 59 / 27 | 7 | 32 |
| 4 Beds | $1,084,665 | $975,000 | $525,000 – $2,490,000 | $360 / $340 | 3,027 / 2,860 | 61 / 20 | 5 | 26 |
| 5 Beds | $1,733,077 | $1,300,000 | $850,000 – $5,200,000 | $334 / $295 | 5,012 / 4,412 | 108 / 62 | 2 | 13 |
| 6 Beds | $872,500 | $750,000 | $750,000 – $995,000 | $311 / $271 | 2,804 / 2,769 | 88 / 41 | 0 | 2 |
| 8 Beds | $849,900 | $849,900 | $849,900 – $849,900 | $233 / $233 | 3,641 / 3,641 | 294 / 294 | 0 | 1 |
Rental Market Overview
Median Rent
$1,560
0.0%
Median DOM
1
0.0%
New Listings
265
Inventory
474
+6.0%
- Average Rent: $1,705
- Median Rent: $1,560
- Rent Range: $490 – $7,995
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 977 / 915
- Square Footage Range: 334 – 5,001
- Days on Market (Avg/Median): 15 / 1
- Days on Market Range: 1 – 317
- New Listings: 265
- Total Listings: 474
Rentals by Property Type
Apartment
$1,550
Median DOM: 1
Inventory: 391
MoM: 0.0%
Condo
$1,395
Median DOM: 28
Inventory: 20
MoM: 0.0%
Single Family
$1,700
Median DOM: 1
Inventory: 45
MoM: 0.0%
Townhouse
$1,995
Median DOM: 44
Inventory: 13
MoM: 0.0%
Apartment
Avg/Median Rent$1,658 / $1,550Range$928 – $7,995Rent per Sq Ft$2 / $2Sq Ft919 / 855DOM8 / 1New234Total391
Condo
Avg/Median Rent$1,440 / $1,395Range$490 – $2,300Rent per Sq Ft$2 / $1Sq Ft961 / 896DOM69 / 28New3Total20
Multi-Family
Avg/Median Rent$1,698 / $1,650Range$1,375 – $2,200Rent per Sq Ft$2 / $2Sq Ft789 / 785DOM76 / 21New1Total5
Single Family
Avg/Median Rent$2,081 / $1,700Range$700 – $4,850Rent per Sq Ft$2 / $2Sq Ft1,475 / 1,110DOM19 / 1New22Total45
Townhouse
Avg/Median Rent$2,223 / $1,995Range$1,000 – $3,851Rent per Sq Ft$2 / $1Sq Ft1,433 / 1,251DOM74 / 44New5Total13
Rentals by Bedroom Count
Studio
Avg:$1,497Median:$1,495Range:$1,315 – $1,998PSF:$3 / $2Sq Ft:583 / 577DOM:24 / 1New:9Total:15
1 Beds
Avg:$1,425Median:$1,399Range:$490 – $2,599PSF:$2 / $2Sq Ft:740 / 724DOM:12 / 1New:121Total:220
2 Beds
Avg:$1,717Median:$1,635Range:$950 – $3,176PSF:$2 / $2Sq Ft:1,083 / 1,089DOM:12 / 1New:102Total:180
3 Beds
Avg:$2,470Median:$2,195Range:$700 – $7,995PSF:$2 / $2Sq Ft:1,437 / 1,333DOM:19 / 1New:27Total:43
4 Beds
Avg:$3,393Median:$3,800Range:$2,200 – $4,200PSF:$2 / $2Sq Ft:1,851 / 1,550DOM:73 / 20New:5Total:12
5 Beds
Avg:$4,425Median:$4,000Range:$4,000 – $4,850PSF:$1 / $1Sq Ft:4,250 / 3,500DOM:1 / 1New:0Total:2
6 Beds
Avg:$3,735Median:$3,475Range:$3,475 – $3,995PSF:$2 / $1Sq Ft:2,538 / 2,150DOM:30 / 1New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,497 | $1,495 | $1,315 – $1,998 | $3 / $2 | 583 / 577 | 24 / 1 | 9 | 15 |
| 1 Beds | $1,425 | $1,399 | $490 – $2,599 | $2 / $2 | 740 / 724 | 12 / 1 | 121 | 220 |
| 2 Beds | $1,717 | $1,635 | $950 – $3,176 | $2 / $2 | 1,083 / 1,089 | 12 / 1 | 102 | 180 |
| 3 Beds | $2,470 | $2,195 | $700 – $7,995 | $2 / $2 | 1,437 / 1,333 | 19 / 1 | 27 | 43 |
| 4 Beds | $3,393 | $3,800 | $2,200 – $4,200 | $2 / $2 | 1,851 / 1,550 | 73 / 20 | 5 | 12 |
| 5 Beds | $4,425 | $4,000 | $4,000 – $4,850 | $1 / $1 | 4,250 / 3,500 | 1 / 1 | 0 | 2 |
| 6 Beds | $3,735 | $3,475 | $3,475 – $3,995 | $2 / $1 | 2,538 / 2,150 | 30 / 1 | 1 | 2 |
6-Month Sales Trend
Oct 2025
Median Price:$525,000Median DOM:62New:25Total:153
Nov 2025
Median Price:$585,000Median DOM:80New:15Total:144
Dec 2025
Median Price:$649,900Median DOM:96New:11Total:116
Jan 2026
Median Price:$565,000Median DOM:93New:14Total:99
Feb 2026
Median Price:$565,000Median DOM:52New:40Total:116
Mar 2026
Median Price:$625,000Median DOM:37New:18Total:128
6-Month Rental Trend
Oct 2025
Median Rent:$1,605Median DOM:1New:272Total:364
Nov 2025
Median Rent:$1,625Median DOM:1New:274Total:396
Dec 2025
Median Rent:$1,625Median DOM:1New:254Total:395
Jan 2026
Median Rent:$1,585Median DOM:1New:314Total:420
Feb 2026
Median Rent:$1,560Median DOM:1New:320Total:447
Mar 2026
Median Rent:$1,560Median DOM:1New:265Total:474
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. 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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