ZIP 27518 Housing Market Report
Raleigh Metro
Report period: March 2026
27518 Monthly Market Update – March 2026
ZIP 27518 · Last updated Mar 12, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$725,000
+0.8%
Median DOM (Sales)
25
−35.9%
New Listings (Sales)
8
−52.9%
Median Rent
$1,529
−0.4%
Median DOM (Rental)
1
0.0%
Total Rental Listings
270
−0.7%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Land (14 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($4,200,000 median)
Sales Market Overview
Median Price
$725,000
+0.8%
Median DOM
25
−35.9%
New Listings
8
−52.9%
Inventory
61
+3.4%
- Average Price: $828,352
- Median Price: $725,000
- Price Range: $245,000 – $4,200,000
- Price per Sq Ft (Avg/Median): $261 / $245
- Square Footage (Avg/Median): 3,111 / 2,851
- Square Footage Range: 1,135 – 9,140
- Days on Market (Avg/Median): 66 / 25
- Days on Market Range: 3 – 345
- New Listings: 8
- Total Listings: 61
Sales by Property Type
Condo
Avg/Median Price$262,500 / $245,000Range$245,000 – $310,000Price per Sq Ft$221 / $212Sq Ft1,196 / 1,149DOM70 / 29New0Total4
Land
Avg/Median Price$388,500 / $420,000Range$250,000 – $495,500Price per Sq Ft—Sq Ft—DOM180 / 14New0Total3
Single Family
Avg/Median Price$932,479 / $745,000Range$525,000 – $4,200,000Price per Sq Ft$267 / $253Sq Ft3,352 / 2,978DOM56 / 20New8Total48
Townhouse
Avg/Median Price$592,500 / $475,000Range$420,000 – $995,000Price per Sq Ft$241 / $237Sq Ft2,460 / 2,003DOM98 / 66New0Total6
Sales by Bedroom Count
2 Beds
Avg:$368,000Median:$250,000Range:$245,000 – $790,000PSF:$264 / $218Sq Ft:1,319 / 1,154DOM:70 / 71New:0Total:5
3 Beds
Avg:$657,066Median:$645,900Range:$420,000 – $995,000PSF:$263 / $249Sq Ft:2,495 / 2,336DOM:75 / 28New:2Total:12
4 Beds
Avg:$776,286Median:$725,000Range:$525,000 – $1,899,900PSF:$252 / $241Sq Ft:3,054 / 2,931DOM:56 / 15New:6Total:29
5 Beds
Avg:$1,175,173Median:$825,000Range:$711,000 – $3,250,000PSF:$262 / $240Sq Ft:4,216 / 3,473DOM:57 / 25New:0Total:11
6 Beds
Avg:$4,200,000Median:$4,200,000Range:$4,200,000 – $4,200,000PSF:$469 / $469Sq Ft:8,951 / 8,951DOM:64 / 64New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $368,000 | $250,000 | $245,000 – $790,000 | $264 / $218 | 1,319 / 1,154 | 70 / 71 | 0 | 5 |
| 3 Beds | $657,066 | $645,900 | $420,000 – $995,000 | $263 / $249 | 2,495 / 2,336 | 75 / 28 | 2 | 12 |
| 4 Beds | $776,286 | $725,000 | $525,000 – $1,899,900 | $252 / $241 | 3,054 / 2,931 | 56 / 15 | 6 | 29 |
| 5 Beds | $1,175,173 | $825,000 | $711,000 – $3,250,000 | $262 / $240 | 4,216 / 3,473 | 57 / 25 | 0 | 11 |
| 6 Beds | $4,200,000 | $4,200,000 | $4,200,000 – $4,200,000 | $469 / $469 | 8,951 / 8,951 | 64 / 64 | 0 | 1 |
Rental Market Overview
Median Rent
$1,529
−0.4%
Median DOM
1
0.0%
New Listings
119
Inventory
270
−0.7%
- Average Rent: $1,662
- Median Rent: $1,529
- Rent Range: $1,009 – $6,000
- Rent per Sq Ft (Avg/Median): $2 / $1
- Square Footage (Avg/Median): 1,067 / 1,100
- Square Footage Range: 300 – 3,405
- Days on Market (Avg/Median): 14 / 1
- Days on Market Range: 1 – 343
- New Listings: 119
- Total Listings: 270
Rentals by Property Type
Apartment
$1,512
Median DOM: 1
Inventory: 260
MoM: −0.4%
Condo
$1,495
Median DOM: 21
Inventory: 4
MoM: −0.4%
Single Family
$2,595
Median DOM: 24
Inventory: 6
MoM: −0.4%
Townhouse
—
Median DOM: —
Inventory: —
MoM: −0.4%
Apartment
Avg/Median Rent$1,621 / $1,512Range$1,009 – $4,827Rent per Sq Ft$2 / $1Sq Ft1,029 / 1,066DOM12 / 1New119Total260
Condo
Avg/Median Rent$1,668 / $1,495Range$1,425 – $2,100Rent per Sq Ft$1 / $1Sq Ft1,294 / 1,250DOM38 / 21New0Total4
Single Family
Avg/Median Rent$3,420 / $2,595Range$1,950 – $6,000Rent per Sq Ft$1 / $1Sq Ft2,808 / 3,200DOM67 / 24New0Total6
Rentals by Bedroom Count
Studio
Avg:$1,422Median:$1,295Range:$1,248 – $1,739PSF:$3 / $2Sq Ft:494 / 558DOM:101 / 1New:1Total:4
1 Beds
Avg:$1,399Median:$1,308Range:$1,009 – $4,049PSF:$2 / $2Sq Ft:753 / 734DOM:15 / 1New:45Total:106
2 Beds
Avg:$1,716Median:$1,588Range:$1,262 – $4,827PSF:$1 / $1Sq Ft:1,152 / 1,144DOM:9 / 1New:42Total:106
3 Beds
Avg:$1,924Median:$1,919Range:$1,529 – $2,453PSF:$1 / $1Sq Ft:1,420 / 1,485DOM:10 / 1New:31Total:49
4 Beds
Avg:$3,994Median:$2,975Range:$2,500 – $6,000PSF:$1 / $1Sq Ft:3,097 / 3,386DOM:94 / 62New:0Total:4
6 Beds
Avg:$2,595Median:$2,595Range:$2,595 – $2,595PSF:$1 / $1Sq Ft:3,200 / 3,200DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,422 | $1,295 | $1,248 – $1,739 | $3 / $2 | 494 / 558 | 101 / 1 | 1 | 4 |
| 1 Beds | $1,399 | $1,308 | $1,009 – $4,049 | $2 / $2 | 753 / 734 | 15 / 1 | 45 | 106 |
| 2 Beds | $1,716 | $1,588 | $1,262 – $4,827 | $1 / $1 | 1,152 / 1,144 | 9 / 1 | 42 | 106 |
| 3 Beds | $1,924 | $1,919 | $1,529 – $2,453 | $1 / $1 | 1,420 / 1,485 | 10 / 1 | 31 | 49 |
| 4 Beds | $3,994 | $2,975 | $2,500 – $6,000 | $1 / $1 | 3,097 / 3,386 | 94 / 62 | 0 | 4 |
| 6 Beds | $2,595 | $2,595 | $2,595 – $2,595 | $1 / $1 | 3,200 / 3,200 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$749,000Median DOM:39New:23Total:96
Nov 2025
Median Price:$739,999Median DOM:52New:11Total:81
Dec 2025
Median Price:$709,000Median DOM:76New:5Total:66
Jan 2026
Median Price:$729,000Median DOM:69New:14Total:61
Feb 2026
Median Price:$719,000Median DOM:39New:17Total:59
Mar 2026
Median Price:$725,000Median DOM:25New:8Total:61
6-Month Rental Trend
Oct 2025
Median Rent:$1,631Median DOM:1New:170Total:262
Nov 2025
Median Rent:$1,629Median DOM:1New:173Total:222
Dec 2025
Median Rent:$1,612Median DOM:1New:190Total:256
Jan 2026
Median Rent:$1,535Median DOM:1New:186Total:273
Feb 2026
Median Rent:$1,535Median DOM:1New:185Total:272
Mar 2026
Median Rent:$1,529Median DOM:1New:119Total:270
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing eased, while total rental inventory tightened.
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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