Is Fuquay Varina, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Fuquay Varina has remained a Seller's Market.
Key Takeaway
Fuquay Varina is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fuquay Varina, NC
How much do homes in Fuquay Varina, NC cost?
Median Sold Price
$451,051
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fuquay Varina have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in Fuquay Varina was $451,051 in May 2024, down 0.9% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $325.9K | $430K | +31.9% |
| 3 Bedrooms | $397K | $400K | +0.7% |
| 4 Bedrooms | $495.3K | $530.8K | +7.2% |
| 5+ Bedrooms | $592.1K | $610K | +3.0% |
Summary: Fuquay Varina housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 31.9%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 3%.
Median Sold Price Compared To Nearby Cities
| Middle Creek Township | $474.9K | $487.9K | +2.7% |
| Fuquay-Varina | $425K | $435K | +2.4% |
| Fuquay Varina | $454.9K | $451K | -0.9% |
| Angier | $360.2K | $354.4K | -1.6% |
| Hectors Creek Township | $419.4K | $400K | -4.6% |
Housing Supply in Fuquay Varina, NC
How many homes are available in Fuquay Varina, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 464 | 456 | -1.7% |
Summary: The Fuquay Varina real estate market had 456 homes for sale in May 2024, a 1.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 36 | 31 | -13.9% |
| 3 Bedrooms | 175 | 191 | +9.1% |
| 4 Bedrooms | 180 | 176 | -2.2% |
| 5+ Bedrooms | 73 | 58 | -20.5% |
Summary: The Fuquay Varina housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 13.9%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 20.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 92 | 128 | +39.1% |
Asking Price vs. Sold Price
58 Homes Were Sold
Under Asking
44 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fuquay Varina, you may be able to get a good deal. 45.3% of homes here sold below asking price last month.
Summary: A total of 128 homes were sold or pending in Fuquay Varina in May 2024, up by 39.1% month-over-month. Of the 128 sold homes, 45% were sold under asking, 34% were sold at asking, and 20% were sold over asking.
Days on Market for Fuquay Varina, NC
How long does it take to sell a home in Fuquay Varina, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 97 Days | 22 Days | -76.7% |
Summary: Homes in Fuquay Varina had an average of 22 days on market in May 2024, down by 76.7% compared to last year.
Breakdown of Home Sale Times
103 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fuquay Varina are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 128 homes were sold in Fuquay Varina; 80% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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