ZIP 27540 Housing Market Report
Raleigh Metro
Report period: March 2026
27540 Monthly Market Update – March 2026
ZIP 27540 · Last updated Mar 12, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$608,000
−2.7%
Median DOM (Sales)
29
−3.3%
New Listings (Sales)
30
−63.4%
Median Rent
$1,653
−1.7%
Median DOM (Rental)
1
0.0%
Total Rental Listings
328
+5.8%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (21 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($850,790 median)
Sales Market Overview
Median Price
$608,000
−2.7%
Median DOM
29
−3.3%
New Listings
30
−63.4%
Inventory
250
−0.4%
- Average Price: $647,435
- Median Price: $608,000
- Price Range: $90,000 – $3,100,000
- Price per Sq Ft (Avg/Median): $241 / $235
- Square Footage (Avg/Median): 2,718 / 2,631
- Square Footage Range: 776 – 5,380
- Days on Market (Avg/Median): 52 / 29
- Days on Market Range: 1 – 333
- New Listings: 30
- Total Listings: 250
Sales by Property Type
Condo
Avg/Median Price$242,450 / $215,000Range$215,000 – $269,900Price per Sq Ft$279 / $277Sq Ft868 / 776DOM46 / 38New0Total2
Land
Avg/Median Price$613,876 / $350,000Range$90,000 – $3,100,000Price per Sq Ft—Sq Ft—DOM98 / 54New2Total25
Manufactured
Avg/Median Price$453,333 / $465,000Range$295,000 – $600,000Price per Sq Ft$224 / $234Sq Ft1,998 / 1,989DOM28 / 23New0Total3
Single Family
Avg/Median Price$684,795 / $675,000Range$259,000 – $1,395,000Price per Sq Ft$243 / $240Sq Ft2,838 / 2,719DOM48 / 21New26Total200
Townhouse
Avg/Median Price$385,400 / $363,000Range$274,900 – $642,000Price per Sq Ft$217 / $214Sq Ft1,810 / 1,671DOM45 / 29New2Total20
Sales by Bedroom Count
1 Beds
Avg:$215,000Median:$215,000Range:$215,000 – $215,000PSF:$277 / $277Sq Ft:776 / 776DOM:38 / 38New:0Total:1
2 Beds
Avg:$433,600Median:$320,000Range:$269,900 – $675,000PSF:$302 / $264Sq Ft:1,396 / 1,324DOM:21 / 8New:3Total:8
3 Beds
Avg:$527,250Median:$480,000Range:$259,000 – $1,350,000PSF:$249 / $238Sq Ft:2,117 / 2,048DOM:53 / 24New:9Total:82
4 Beds
Avg:$681,032Median:$659,000Range:$260,000 – $1,390,000PSF:$229 / $234Sq Ft:2,965 / 2,796DOM:50 / 31New:3Total:78
5 Beds
Avg:$807,425Median:$761,220Range:$470,000 – $1,360,699PSF:$236 / $231Sq Ft:3,403 / 3,351DOM:39 / 20New:12Total:48
6 Beds
Avg:$964,586Median:$850,790Range:$700,000 – $1,395,000PSF:$244 / $231Sq Ft:3,930 / 3,897DOM:33 / 15New:1Total:8
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $215,000 | $215,000 | $215,000 – $215,000 | $277 / $277 | 776 / 776 | 38 / 38 | 0 | 1 |
| 2 Beds | $433,600 | $320,000 | $269,900 – $675,000 | $302 / $264 | 1,396 / 1,324 | 21 / 8 | 3 | 8 |
| 3 Beds | $527,250 | $480,000 | $259,000 – $1,350,000 | $249 / $238 | 2,117 / 2,048 | 53 / 24 | 9 | 82 |
| 4 Beds | $681,032 | $659,000 | $260,000 – $1,390,000 | $229 / $234 | 2,965 / 2,796 | 50 / 31 | 3 | 78 |
| 5 Beds | $807,425 | $761,220 | $470,000 – $1,360,699 | $236 / $231 | 3,403 / 3,351 | 39 / 20 | 12 | 48 |
| 6 Beds | $964,586 | $850,790 | $700,000 – $1,395,000 | $244 / $231 | 3,930 / 3,897 | 33 / 15 | 1 | 8 |
Rental Market Overview
Median Rent
$1,653
−1.7%
Median DOM
1
0.0%
New Listings
175
Inventory
328
+5.8%
- Average Rent: $1,736
- Median Rent: $1,653
- Rent Range: $600 – $4,200
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,265 / 1,104
- Square Footage Range: 550 – 4,256
- Days on Market (Avg/Median): 9 / 1
- Days on Market Range: 1 – 265
- New Listings: 175
- Total Listings: 328
Rentals by Property Type
Apartment
$1,583
Median DOM: 1
Inventory: 237
MoM: −1.7%
Condo
—
Median DOM: —
Inventory: —
MoM: −1.7%
Single Family
$2,150
Median DOM: 10
Inventory: 59
MoM: −1.7%
Townhouse
$1,895
Median DOM: 5
Inventory: 31
MoM: −1.7%
Apartment
Avg/Median Rent$1,592 / $1,583Range$899 – $2,577Rent per Sq Ft$2 / $2Sq Ft992 / 1,023DOM2 / 1New149Total237
Multi-Family
Avg/Median Rent$1,500 / $1,500Range$1,500 – $1,500Rent per Sq Ft$3 / $3Sq Ft550 / 550DOM53 / 53New0Total1
Single Family
Avg/Median Rent$2,200 / $2,150Range$600 – $4,200Rent per Sq Ft$1 / $1Sq Ft2,178 / 2,091DOM30 / 10New17Total59
Townhouse
Avg/Median Rent$1,964 / $1,895Range$1,550 – $2,600Rent per Sq Ft$1 / $1Sq Ft1,762 / 1,780DOM22 / 5New9Total31
Rentals by Bedroom Count
Studio
Avg:$2,400Median:$2,400Range:$2,400 – $2,400PSF:$1 / $1Sq Ft:2,240 / 2,240DOM:22 / 22New:0Total:1
1 Beds
Avg:$1,409Median:$1,388Range:$600 – $1,912PSF:$2 / $2Sq Ft:841 / 800DOM:4 / 1New:70Total:110
2 Beds
Avg:$1,676Median:$1,650Range:$1,299 – $2,372PSF:$2 / $1Sq Ft:1,118 / 1,105DOM:3 / 1New:72Total:113
3 Beds
Avg:$1,999Median:$1,966Range:$899 – $2,600PSF:$1 / $1Sq Ft:1,622 / 1,625DOM:19 / 1New:26Total:75
4 Beds
Avg:$2,405Median:$2,350Range:$1,795 – $4,200PSF:$1 / $1Sq Ft:2,439 / 2,450DOM:19 / 7New:5Total:22
5 Beds
Avg:$2,719Median:$2,779Range:$2,200 – $3,095PSF:$1 / $1Sq Ft:2,695 / 2,720DOM:74 / 39New:2Total:6
6 Beds
Avg:$3,675Median:$3,675Range:$3,675 – $3,675PSF:$1 / $1Sq Ft:3,722 / 3,722DOM:35 / 35New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $2,400 | $2,400 | $2,400 – $2,400 | $1 / $1 | 2,240 / 2,240 | 22 / 22 | 0 | 1 |
| 1 Beds | $1,409 | $1,388 | $600 – $1,912 | $2 / $2 | 841 / 800 | 4 / 1 | 70 | 110 |
| 2 Beds | $1,676 | $1,650 | $1,299 – $2,372 | $2 / $1 | 1,118 / 1,105 | 3 / 1 | 72 | 113 |
| 3 Beds | $1,999 | $1,966 | $899 – $2,600 | $1 / $1 | 1,622 / 1,625 | 19 / 1 | 26 | 75 |
| 4 Beds | $2,405 | $2,350 | $1,795 – $4,200 | $1 / $1 | 2,439 / 2,450 | 19 / 7 | 5 | 22 |
| 5 Beds | $2,719 | $2,779 | $2,200 – $3,095 | $1 / $1 | 2,695 / 2,720 | 74 / 39 | 2 | 6 |
| 6 Beds | $3,675 | $3,675 | $3,675 – $3,675 | $1 / $1 | 3,722 / 3,722 | 35 / 35 | 0 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$599,000Median DOM:50New:80Total:287
Nov 2025
Median Price:$612,000Median DOM:51New:56Total:278
Dec 2025
Median Price:$624,000Median DOM:54New:38Total:234
Jan 2026
Median Price:$600,000Median DOM:43New:82Total:222
Feb 2026
Median Price:$625,000Median DOM:30New:82Total:251
Mar 2026
Median Price:$608,000Median DOM:29New:30Total:250
6-Month Rental Trend
Oct 2025
Median Rent:$1,706Median DOM:1New:225Total:301
Nov 2025
Median Rent:$1,631Median DOM:1New:208Total:318
Dec 2025
Median Rent:$1,699Median DOM:1New:197Total:289
Jan 2026
Median Rent:$1,691Median DOM:1New:224Total:316
Feb 2026
Median Rent:$1,681Median DOM:1New:215Total:310
Mar 2026
Median Rent:$1,653Median DOM:1New:175Total:328
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market declined, signaling improving buyer activity. Rental pricing eased, 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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