ZIP 27577 Housing Market Report
Raleigh Metro
Report period: March 2026
27577 Monthly Market Update – March 2026
ZIP 27577 · Last updated Mar 12, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$344,900
+2.0%
Median DOM (Sales)
45
−4.3%
New Listings (Sales)
33
−66.3%
Median Rent
$1,695
+0.1%
Median DOM (Rental)
8
+100.0%
Total Rental Listings
91
+1.1%
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: Manufactured (13 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($375,370 median)
Sales Market Overview
Median Price
$344,900
+2.0%
Median DOM
45
−4.3%
New Listings
33
−66.3%
Inventory
365
+2.0%
- Average Price: $385,070
- Median Price: $344,900
- Price Range: $25,000 – $6,900,000
- Price per Sq Ft (Avg/Median): $181 / $174
- Square Footage (Avg/Median): 2,000 / 1,991
- Square Footage Range: 817 – 4,597
- Days on Market (Avg/Median): 83 / 45
- Days on Market Range: 1 – 365
- New Listings: 33
- Total Listings: 365
Sales by Property Type
Land
Avg/Median Price$708,730 / $260,000Range$25,000 – $6,900,000Price per Sq Ft—Sq Ft—DOM130 / 112New1Total30
Manufactured
Avg/Median Price$235,317 / $265,000Range$95,000 – $309,000Price per Sq Ft$139 / $131Sq Ft1,676 / 1,692DOM37 / 13New0Total6
Single Family
Avg/Median Price$371,073 / $350,500Range$60,000 – $1,199,000Price per Sq Ft$184 / $175Sq Ft2,062 / 2,111DOM83 / 46New29Total289
Townhouse
Avg/Median Price$265,917 / $259,990Range$179,900 – $425,000Price per Sq Ft$168 / $172Sq Ft1,608 / 1,418DOM53 / 28New3Total40
Sales by Bedroom Count
Studio
Avg:$110,000Median:$60,000Range:$60,000 – $160,000PSF:—Sq Ft:—DOM:64 / 44New:0Total:2
2 Beds
Avg:$212,960Median:$179,900Range:$115,000 – $375,000PSF:$199 / $171Sq Ft:1,092 / 1,116DOM:73 / 15New:1Total:5
3 Beds
Avg:$327,769Median:$309,900Range:$95,000 – $1,115,000PSF:$187 / $186Sq Ft:1,764 / 1,721DOM:75 / 37New:17Total:200
4 Beds
Avg:$411,106Median:$374,995Range:$279,900 – $1,199,000PSF:$172 / $164Sq Ft:2,379 / 2,354DOM:91 / 69New:11Total:117
5 Beds
Avg:$395,523Median:$375,370Range:$344,990 – $549,000PSF:$149 / $148Sq Ft:2,680 / 2,433DOM:27 / 26New:3Total:11
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $110,000 | $60,000 | $60,000 – $160,000 | — | — | 64 / 44 | 0 | 2 |
| 2 Beds | $212,960 | $179,900 | $115,000 – $375,000 | $199 / $171 | 1,092 / 1,116 | 73 / 15 | 1 | 5 |
| 3 Beds | $327,769 | $309,900 | $95,000 – $1,115,000 | $187 / $186 | 1,764 / 1,721 | 75 / 37 | 17 | 200 |
| 4 Beds | $411,106 | $374,995 | $279,900 – $1,199,000 | $172 / $164 | 2,379 / 2,354 | 91 / 69 | 11 | 117 |
| 5 Beds | $395,523 | $375,370 | $344,990 – $549,000 | $149 / $148 | 2,680 / 2,433 | 27 / 26 | 3 | 11 |
Rental Market Overview
Median Rent
$1,695
+0.1%
Median DOM
8
+100.0%
New Listings
23
Inventory
91
+1.1%
- Average Rent: $1,653
- Median Rent: $1,695
- Rent Range: $875 – $3,100
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,448 / 1,399
- Square Footage Range: 684 – 3,629
- Days on Market (Avg/Median): 36 / 8
- Days on Market Range: 1 – 319
- New Listings: 23
- Total Listings: 91
Rentals by Property Type
Apartment
$1,149
Median DOM: 1
Inventory: 8
MoM: +0.1%
Condo
$1,350
Median DOM: 22
Inventory: 1
MoM: +0.1%
Single Family
$1,750
Median DOM: 2
Inventory: 54
MoM: +0.1%
Townhouse
$1,650
Median DOM: 9
Inventory: 25
MoM: +0.1%
Apartment
Avg/Median Rent$1,224 / $1,149Range$1,099 – $1,399Rent per Sq Ft$1 / $1Sq Ft1,043 / 1,035DOM26 / 1New5Total8
Condo
Avg/Median Rent$1,350 / $1,350Range$1,350 – $1,350Rent per Sq Ft$2 / $2Sq Ft822 / 822DOM22 / 22New0Total1
Multi-Family
Avg/Median Rent$1,187 / $1,200Range$1,100 – $1,260Rent per Sq Ft$1 / $1Sq Ft817 / 684DOM117 / 100New0Total3
Single Family
Avg/Median Rent$1,778 / $1,750Range$875 – $3,100Rent per Sq Ft$1 / $1Sq Ft1,576 / 1,451DOM31 / 2New14Total54
Townhouse
Avg/Median Rent$1,589 / $1,650Range$1,450 – $1,700Rent per Sq Ft$1 / $1Sq Ft1,415 / 1,409DOM39 / 9New4Total25
Rentals by Bedroom Count
1 Beds
Avg:$1,100Median:$1,100Range:$1,100 – $1,100PSF:$2 / $2Sq Ft:684 / 684DOM:32 / 32New:0Total:1
2 Beds
Avg:$1,316Median:$1,399Range:$875 – $1,475PSF:$1 / $1Sq Ft:1,040 / 1,080DOM:44 / 1New:8Total:25
3 Beds
Avg:$1,720Median:$1,695Range:$1,200 – $2,195PSF:$1 / $1Sq Ft:1,550 / 1,462DOM:35 / 11New:13Total:52
4 Beds
Avg:$1,964Median:$1,945Range:$1,700 – $2,300PSF:$1 / $1Sq Ft:1,798 / 1,601DOM:26 / 15New:1Total:11
5 Beds
Avg:$2,700Median:$2,300Range:$2,300 – $3,100PSF:$1 / $1Sq Ft:2,964 / 2,300DOM:19 / 1New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,100 | $1,100 | $1,100 – $1,100 | $2 / $2 | 684 / 684 | 32 / 32 | 0 | 1 |
| 2 Beds | $1,316 | $1,399 | $875 – $1,475 | $1 / $1 | 1,040 / 1,080 | 44 / 1 | 8 | 25 |
| 3 Beds | $1,720 | $1,695 | $1,200 – $2,195 | $1 / $1 | 1,550 / 1,462 | 35 / 11 | 13 | 52 |
| 4 Beds | $1,964 | $1,945 | $1,700 – $2,300 | $1 / $1 | 1,798 / 1,601 | 26 / 15 | 1 | 11 |
| 5 Beds | $2,700 | $2,300 | $2,300 – $3,100 | $1 / $1 | 2,964 / 2,300 | 19 / 1 | 1 | 2 |
6-Month Sales Trend
Oct 2025
Median Price:$324,490Median DOM:42New:99Total:340
Nov 2025
Median Price:$334,900Median DOM:43New:96Total:349
Dec 2025
Median Price:$343,650Median DOM:49New:63Total:364
Jan 2026
Median Price:$344,900Median DOM:58New:83Total:357
Feb 2026
Median Price:$338,000Median DOM:47New:98Total:358
Mar 2026
Median Price:$344,900Median DOM:45New:33Total:365
6-Month Rental Trend
Oct 2025
Median Rent:$1,695Median DOM:18New:54Total:118
Nov 2025
Median Rent:$1,695Median DOM:15New:41Total:114
Dec 2025
Median Rent:$1,695Median DOM:11New:46Total:107
Jan 2026
Median Rent:$1,695Median DOM:10New:41Total:103
Feb 2026
Median Rent:$1,694Median DOM:4New:27Total:90
Mar 2026
Median Rent:$1,695Median DOM:8New:23Total:91
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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