Is Cary, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Cary has remained a Seller's Market.
Housing Prices in Cary, NC
How much do homes in Cary, NC cost?
Median Sold Price
$595,750
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cary was $595,750 in April 2024, up 5.5% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $202.9K | $223.7K | +10.2% |
2 Bedrooms | $335K | $360K | +7.5% |
3 Bedrooms | $480.5K | $520.4K | +8.3% |
4 Bedrooms | $617.8K | $680K | +10.1% |
5+ Bedrooms | $909.4K | $984.3K | +8.2% |
Summary: Cary housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.2%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 8.2%.
Median Sold Price Compared To Nearby Cities
Cary | $564.7K | $595.7K | +5.5% |
Cary Township | $564.3K | $590K | +4.5% |
Morrisville | $500K | $520K | +4.0% |
White Oak Township | $580.1K | $583.2K | 0.5% |
Cedar Fork Township | $545.8K | $541K | -0.9% |
Housing Supply in Cary, NC
How many homes are available in Cary, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
493 | 502 | +1.8% |
Summary: The Cary real estate market had 502 homes for sale in April 2024, a 1.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 56 | 61 | +8.9% |
3 Bedrooms | 175 | 166 | -5.1% |
4 Bedrooms | 170 | 169 | -0.6% |
5+ Bedrooms | 90 | 102 | +13.3% |
Summary: The Cary housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 8.9%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
168 | 167 | -0.6% |
Asking Price vs. Sold Price
53 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
88 Homes Were Sold
Over Asking
Summary: A total of 167 homes were sold or pending in Cary in April 2024, down by 0.6% month-over-month. Of the 167 sold homes, 32% were sold under asking, 16% were sold at asking, and 53% were sold over asking.
Days on Market for Cary, NC
How long does it take to sell a home in Cary, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
60 Days | 12 Days | -79.5% |
Summary: Homes in Cary had an average of 12 days on market in Apr 2024, down by 79.5% compared to last year.
Breakdown of Home Sale Times
149 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 167 homes were sold in Cary; 89% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.