ZIP 27587 Housing Market Report
Raleigh Metro
Report period: March 2026
27587 Monthly Market Update – March 2026
ZIP 27587 · Last updated Mar 12, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$474,900
−0.0%
Median DOM (Sales)
26
−23.5%
New Listings (Sales)
185
−26.0%
Median Rent
$1,767
+0.7%
Median DOM (Rental)
1
0.0%
Total Rental Listings
540
+0.4%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Multi-Family (7 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 4 Beds ($665,000 median)
Sales Market Overview
Median Price
$474,900
−0.0%
Median DOM
26
−23.5%
New Listings
185
−26.0%
Inventory
776
+5.0%
- Average Price: $649,960
- Median Price: $474,900
- Price Range: $70,000 – $5,377,700
- Price per Sq Ft (Avg/Median): $229 / $209
- Square Footage (Avg/Median): 2,696 / 2,447
- Square Footage Range: 876 – 14,438
- Days on Market (Avg/Median): 62 / 26
- Days on Market Range: 1 – 363
- New Listings: 185
- Total Listings: 776
Sales by Property Type
Condo
Avg/Median Price$361,404 / $355,000Range$295,000 – $450,000Price per Sq Ft$192 / $193Sq Ft1,973 / 1,584DOM20 / 8New26Total45
Land
Avg/Median Price$478,700 / $280,000Range$70,000 – $1,650,000Price per Sq Ft—Sq Ft—DOM170 / 143New0Total20
Manufactured
Avg/Median Price$279,750 / $260,000Range$259,000 – $310,000Price per Sq Ft$156 / $151Sq Ft1,815 / 1,736DOM134 / 138New0Total4
Multi-Family
Avg/Median Price$471,571 / $414,990Range$369,990 – $925,000Price per Sq Ft$236 / $180Sq Ft2,272 / 2,273DOM26 / 7New7Total10
Single Family
Avg/Median Price$820,056 / $620,000Range$200,000 – $5,377,700Price per Sq Ft$247 / $224Sq Ft3,174 / 2,985DOM68 / 37New85Total489
Townhouse
Avg/Median Price$344,663 / $339,990Range$235,000 – $519,900Price per Sq Ft$198 / $198Sq Ft1,767 / 1,725DOM46 / 14New67Total208
Sales by Bedroom Count
Studio
Avg:$719,750Median:$525,000Range:$200,000 – $1,295,000PSF:$247 / $240Sq Ft:2,702 / 2,140DOM:50 / 2New:2Total:4
2 Beds
Avg:$383,614Median:$330,000Range:$224,900 – $735,000PSF:$249 / $246Sq Ft:1,543 / 1,577DOM:45 / 14New:8Total:35
3 Beds
Avg:$416,242Median:$365,000Range:$215,000 – $2,350,000PSF:$213 / $204Sq Ft:1,963 / 1,837DOM:47 / 15New:107Total:344
4 Beds
Avg:$840,769Median:$665,000Range:$267,500 – $2,625,000PSF:$245 / $221Sq Ft:3,246 / 3,114DOM:76 / 47New:34Total:257
5 Beds
Avg:$1,037,017Median:$649,500Range:$405,000 – $5,377,700PSF:$235 / $194Sq Ft:4,013 / 3,420DOM:63 / 15New:34Total:111
6 Beds
Avg:$823,200Median:$625,000Range:$465,000 – $1,699,000PSF:$210 / $182Sq Ft:3,686 / 3,525DOM:70 / 50New:0Total:5
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $719,750 | $525,000 | $200,000 – $1,295,000 | $247 / $240 | 2,702 / 2,140 | 50 / 2 | 2 | 4 |
| 2 Beds | $383,614 | $330,000 | $224,900 – $735,000 | $249 / $246 | 1,543 / 1,577 | 45 / 14 | 8 | 35 |
| 3 Beds | $416,242 | $365,000 | $215,000 – $2,350,000 | $213 / $204 | 1,963 / 1,837 | 47 / 15 | 107 | 344 |
| 4 Beds | $840,769 | $665,000 | $267,500 – $2,625,000 | $245 / $221 | 3,246 / 3,114 | 76 / 47 | 34 | 257 |
| 5 Beds | $1,037,017 | $649,500 | $405,000 – $5,377,700 | $235 / $194 | 4,013 / 3,420 | 63 / 15 | 34 | 111 |
| 6 Beds | $823,200 | $625,000 | $465,000 – $1,699,000 | $210 / $182 | 3,686 / 3,525 | 70 / 50 | 0 | 5 |
Rental Market Overview
Median Rent
$1,767
+0.7%
Median DOM
1
0.0%
New Listings
241
Inventory
540
+0.4%
- Average Rent: $1,839
- Median Rent: $1,767
- Rent Range: $675 – $8,000
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,423 / 1,302
- Square Footage Range: 561 – 5,100
- Days on Market (Avg/Median): 15 / 1
- Days on Market Range: 1 – 346
- New Listings: 241
- Total Listings: 540
Rentals by Property Type
Apartment
$1,566
Median DOM: 1
Inventory: 317
MoM: +0.7%
Condo
$2,195
Median DOM: 10
Inventory: 6
MoM: +0.7%
Single Family
$2,250
Median DOM: 1
Inventory: 125
MoM: +0.7%
Townhouse
$1,950
Median DOM: 10
Inventory: 90
MoM: +0.7%
Apartment
Avg/Median Rent$1,593 / $1,566Range$1,099 – $3,020Rent per Sq Ft$2 / $2Sq Ft1,062 / 1,055DOM7 / 1New161Total317
Condo
Avg/Median Rent$2,169 / $2,195Range$1,495 – $2,600Rent per Sq Ft$1 / $1Sq Ft1,934 / 2,408DOM26 / 10New1Total6
Manufactured
Avg/Median Rent$1,595 / $1,595Range$1,595 – $1,595Rent per Sq Ft—Sq Ft—DOM53 / 53New0Total1
Multi-Family
Avg/Median Rent$1,225 / $1,225Range$1,225 – $1,225Rent per Sq Ft$2 / $2Sq Ft768 / 768DOM70 / 70New0Total1
Single Family
Avg/Median Rent$2,342 / $2,250Range$700 – $8,000Rent per Sq Ft$1 / $1Sq Ft2,091 / 2,139DOM23 / 1New48Total125
Townhouse
Avg/Median Rent$1,996 / $1,950Range$675 – $3,400Rent per Sq Ft$1 / $1Sq Ft1,828 / 1,805DOM30 / 10New31Total90
Rentals by Bedroom Count
Studio
Avg:$2,239Median:$2,075Range:$1,880 – $2,700PSF:$1 / $1Sq Ft:2,077 / 2,301DOM:47 / 31New:0Total:4
1 Beds
Avg:$1,375Median:$1,329Range:$700 – $2,105PSF:$2 / $2Sq Ft:830 / 819DOM:8 / 1New:62Total:132
2 Beds
Avg:$1,671Median:$1,629Range:$999 – $2,600PSF:$1 / $1Sq Ft:1,173 / 1,175DOM:7 / 1New:76Total:155
3 Beds
Avg:$1,998Median:$1,950Range:$675 – $3,500PSF:$1 / $1Sq Ft:1,656 / 1,571DOM:24 / 1New:68Total:169
4 Beds
Avg:$2,399Median:$2,330Range:$1,895 – $3,646PSF:$1 / $1Sq Ft:2,309 / 2,200DOM:17 / 2New:30Total:66
5 Beds
Avg:$3,406Median:$2,595Range:$2,215 – $8,000PSF:$1 / $1Sq Ft:3,200 / 2,907DOM:26 / 1New:5Total:14
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $2,239 | $2,075 | $1,880 – $2,700 | $1 / $1 | 2,077 / 2,301 | 47 / 31 | 0 | 4 |
| 1 Beds | $1,375 | $1,329 | $700 – $2,105 | $2 / $2 | 830 / 819 | 8 / 1 | 62 | 132 |
| 2 Beds | $1,671 | $1,629 | $999 – $2,600 | $1 / $1 | 1,173 / 1,175 | 7 / 1 | 76 | 155 |
| 3 Beds | $1,998 | $1,950 | $675 – $3,500 | $1 / $1 | 1,656 / 1,571 | 24 / 1 | 68 | 169 |
| 4 Beds | $2,399 | $2,330 | $1,895 – $3,646 | $1 / $1 | 2,309 / 2,200 | 17 / 2 | 30 | 66 |
| 5 Beds | $3,406 | $2,595 | $2,215 – $8,000 | $1 / $1 | 3,200 / 2,907 | 26 / 1 | 5 | 14 |
6-Month Sales Trend
Oct 2025
Median Price:$499,999Median DOM:41New:286Total:844
Nov 2025
Median Price:$489,900Median DOM:40New:238Total:839
Dec 2025
Median Price:$469,900Median DOM:48New:205Total:783
Jan 2026
Median Price:$475,000Median DOM:43New:269Total:734
Feb 2026
Median Price:$475,000Median DOM:34New:250Total:739
Mar 2026
Median Price:$474,900Median DOM:26New:185Total:776
6-Month Rental Trend
Oct 2025
Median Rent:$1,850Median DOM:1New:320Total:536
Nov 2025
Median Rent:$1,803Median DOM:1New:400Total:560
Dec 2025
Median Rent:$1,768Median DOM:1New:367Total:598
Jan 2026
Median Rent:$1,712Median DOM:1New:329Total:562
Feb 2026
Median Rent:$1,755Median DOM:1New:320Total:538
Mar 2026
Median Rent:$1,767Median DOM:1New:241Total:540
Key Market Takeaways
Median sale prices softened 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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