ZIP 27517 Housing Market Report
Raleigh Metro
Report period: March 2026
27517 Monthly Market Update – March 2026
ZIP 27517 · Last updated Mar 12, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$599,900
+0.8%
Median DOM (Sales)
35
−20.5%
New Listings (Sales)
27
−50.9%
Median Rent
$1,640
+0.2%
Median DOM (Rental)
1
0.0%
Total Rental Listings
459
+4.1%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Townhouse (17 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($1,087,995 median)
Sales Market Overview
Median Price
$599,900
+0.8%
Median DOM
35
−20.5%
New Listings
27
−50.9%
Inventory
194
+5.4%
- Average Price: $804,837
- Median Price: $599,900
- Price Range: $25,000 – $4,880,000
- Price per Sq Ft (Avg/Median): $283 / $265
- Square Footage (Avg/Median): 3,012 / 2,502
- Square Footage Range: 781 – 10,393
- Days on Market (Avg/Median): 68 / 35
- Days on Market Range: 1 – 344
- New Listings: 27
- Total Listings: 194
Sales by Property Type
Condo
Avg/Median Price$479,995 / $320,000Range$219,999 – $2,100,000Price per Sq Ft$333 / $282Sq Ft1,302 / 1,150DOM62 / 48New4Total23
Land
Avg/Median Price$293,433 / $199,000Range$25,000 – $1,900,000Price per Sq Ft—Sq Ft—DOM116 / 88New1Total24
Single Family
Avg/Median Price$1,130,290 / $925,000Range$299,500 – $4,880,000Price per Sq Ft$291 / $281Sq Ft3,811 / 3,602DOM68 / 35New12Total107
Townhouse
Avg/Median Price$427,875 / $450,000Range$280,000 – $549,990Price per Sq Ft$235 / $230Sq Ft1,858 / 1,908DOM48 / 17New10Total40
Sales by Bedroom Count
1 Beds
Avg:$219,999Median:$219,999Range:$219,999 – $219,999PSF:$282 / $282Sq Ft:781 / 781DOM:68 / 68New:0Total:1
2 Beds
Avg:$399,521Median:$325,000Range:$250,000 – $1,395,000PSF:$298 / $276Sq Ft:1,320 / 1,226DOM:52 / 26New:7Total:33
3 Beds
Avg:$611,672Median:$480,000Range:$299,500 – $2,100,000PSF:$271 / $256Sq Ft:2,229 / 2,159DOM:49 / 13New:12Total:53
4 Beds
Avg:$1,141,088Median:$945,000Range:$449,990 – $3,888,000PSF:$292 / $275Sq Ft:3,755 / 3,568DOM:82 / 49New:2Total:51
5 Beds
Avg:$1,419,337Median:$1,087,995Range:$742,500 – $4,880,000PSF:$289 / $256Sq Ft:4,630 / 4,446DOM:43 / 27New:5Total:26
6 Beds
Avg:$1,362,483Median:$875,000Range:$849,900 – $2,395,000PSF:$212 / $197Sq Ft:6,288 / 5,419DOM:173 / 154New:0Total:6
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $219,999 | $219,999 | $219,999 – $219,999 | $282 / $282 | 781 / 781 | 68 / 68 | 0 | 1 |
| 2 Beds | $399,521 | $325,000 | $250,000 – $1,395,000 | $298 / $276 | 1,320 / 1,226 | 52 / 26 | 7 | 33 |
| 3 Beds | $611,672 | $480,000 | $299,500 – $2,100,000 | $271 / $256 | 2,229 / 2,159 | 49 / 13 | 12 | 53 |
| 4 Beds | $1,141,088 | $945,000 | $449,990 – $3,888,000 | $292 / $275 | 3,755 / 3,568 | 82 / 49 | 2 | 51 |
| 5 Beds | $1,419,337 | $1,087,995 | $742,500 – $4,880,000 | $289 / $256 | 4,630 / 4,446 | 43 / 27 | 5 | 26 |
| 6 Beds | $1,362,483 | $875,000 | $849,900 – $2,395,000 | $212 / $197 | 6,288 / 5,419 | 173 / 154 | 0 | 6 |
Rental Market Overview
Median Rent
$1,640
+0.2%
Median DOM
1
0.0%
New Listings
286
Inventory
459
+4.1%
- Average Rent: $1,757
- Median Rent: $1,640
- Rent Range: $1,024 – $6,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,100 / 1,084
- Square Footage Range: 412 – 6,119
- Days on Market (Avg/Median): 11 / 1
- Days on Market Range: 1 – 328
- New Listings: 286
- Total Listings: 459
Rentals by Property Type
Apartment
$1,564
Median DOM: 1
Inventory: 388
MoM: +0.2%
Condo
$1,650
Median DOM: 42
Inventory: 17
MoM: +0.2%
Single Family
$2,650
Median DOM: 7
Inventory: 36
MoM: +0.2%
Townhouse
$2,075
Median DOM: 1
Inventory: 14
MoM: +0.2%
Apartment
Avg/Median Rent$1,636 / $1,564Range$1,024 – $3,411Rent per Sq Ft$2 / $2Sq Ft984 / 952DOM6 / 1New263Total388
Condo
Avg/Median Rent$1,698 / $1,650Range$1,399 – $2,000Rent per Sq Ft$2 / $2Sq Ft1,138 / 1,000DOM44 / 42New3Total17
Multi-Family
Avg/Median Rent$2,012 / $1,660Range$1,595 – $2,595Rent per Sq Ft$1 / $1Sq Ft1,397 / 1,250DOM31 / 28New0Total4
Single Family
Avg/Median Rent$2,915 / $2,650Range$1,275 – $6,500Rent per Sq Ft$2 / $1Sq Ft2,197 / 2,000DOM43 / 7New14Total36
Townhouse
Avg/Median Rent$2,146 / $2,075Range$1,495 – $3,050Rent per Sq Ft$1 / $1Sq Ft1,664 / 1,377DOM43 / 1New6Total14
Rentals by Bedroom Count
Studio
Avg:$1,325Median:$1,374Range:$1,039 – $1,454PSF:$3 / $3Sq Ft:475 / 412DOM:20 / 1New:11Total:17
1 Beds
Avg:$1,452Median:$1,458Range:$1,024 – $2,800PSF:$2 / $2Sq Ft:766 / 800DOM:8 / 1New:99Total:155
2 Beds
Avg:$1,705Median:$1,653Range:$1,068 – $2,952PSF:$2 / $2Sq Ft:1,109 / 1,102DOM:10 / 1New:119Total:183
3 Beds
Avg:$2,144Median:$2,100Range:$1,568 – $3,900PSF:$1 / $1Sq Ft:1,485 / 1,343DOM:11 / 1New:51Total:89
4 Beds
Avg:$3,335Median:$3,495Range:$2,595 – $4,500PSF:$1 / $1Sq Ft:2,907 / 2,216DOM:30 / 11New:5Total:11
5 Beds
Avg:$4,300Median:$4,300Range:$4,150 – $4,450PSF:$1 / $1Sq Ft:3,442 / 3,801DOM:38 / 46New:1Total:3
6 Beds
Avg:$6,500Median:$6,500Range:$6,500 – $6,500PSF:$1 / $1Sq Ft:6,119 / 6,119DOM:264 / 264New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,325 | $1,374 | $1,039 – $1,454 | $3 / $3 | 475 / 412 | 20 / 1 | 11 | 17 |
| 1 Beds | $1,452 | $1,458 | $1,024 – $2,800 | $2 / $2 | 766 / 800 | 8 / 1 | 99 | 155 |
| 2 Beds | $1,705 | $1,653 | $1,068 – $2,952 | $2 / $2 | 1,109 / 1,102 | 10 / 1 | 119 | 183 |
| 3 Beds | $2,144 | $2,100 | $1,568 – $3,900 | $1 / $1 | 1,485 / 1,343 | 11 / 1 | 51 | 89 |
| 4 Beds | $3,335 | $3,495 | $2,595 – $4,500 | $1 / $1 | 2,907 / 2,216 | 30 / 11 | 5 | 11 |
| 5 Beds | $4,300 | $4,300 | $4,150 – $4,450 | $1 / $1 | 3,442 / 3,801 | 38 / 46 | 1 | 3 |
| 6 Beds | $6,500 | $6,500 | $6,500 – $6,500 | $1 / $1 | 6,119 / 6,119 | 264 / 264 | 0 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$649,000Median DOM:45New:52Total:225
Nov 2025
Median Price:$610,000Median DOM:58New:35Total:215
Dec 2025
Median Price:$575,000Median DOM:72New:21Total:185
Jan 2026
Median Price:$575,000Median DOM:74New:48Total:169
Feb 2026
Median Price:$595,000Median DOM:44New:55Total:184
Mar 2026
Median Price:$599,900Median DOM:35New:27Total:194
6-Month Rental Trend
Oct 2025
Median Rent:$1,631Median DOM:1New:307Total:403
Nov 2025
Median Rent:$1,606Median DOM:1New:315Total:396
Dec 2025
Median Rent:$1,650Median DOM:1New:330Total:429
Jan 2026
Median Rent:$1,636Median DOM:1New:326Total:435
Feb 2026
Median Rent:$1,636Median DOM:1New:326Total:441
Mar 2026
Median Rent:$1,640Median DOM:1New:286Total:459
Key Market Takeaways
Median sale prices moved higher 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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