Is Apex, 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, Apex has remained a Seller's Market.
Key Takeaway
Apex is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Apex, NC
How much do homes in Apex, NC cost?
Median Sold Price
$589,022
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Apex have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Apex was $589,022 in May 2024, up 2.4% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $275K | N/A |
| 2 Bedrooms | $380.8K | $355K | -6.8% |
| 3 Bedrooms | $464.3K | $480K | +3.4% |
| 4 Bedrooms | $596.5K | $608.6K | +2.0% |
| 5+ Bedrooms | $865K | $800K | -7.5% |
Summary: Apex 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 decreased by 6.8%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 2%, and 5+ bedroom homes decreased by 7.5%.
Median Sold Price Compared To Nearby Cities
| Cary | $562.7K | $596.6K | +6.0% |
| Buckhorn Township | $615K | $643.1K | +4.6% |
| Apex | $575K | $589K | +2.4% |
| White Oak Township | $576.7K | $588.5K | +2.0% |
| Holly Springs Township | $576.2K | $571.5K | -0.8% |
Housing Supply in Apex, NC
How many homes are available in Apex, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 331 | 311 | -6.0% |
Summary: The Apex real estate market had 311 homes for sale in May 2024, a 6.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 110 | 103 | -6.4% |
| 4 Bedrooms | 117 | 119 | +1.7% |
| 5+ Bedrooms | 92 | 76 | -17.4% |
Summary: The Apex 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 increased by 10%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 17.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 123 | 102 | -17.1% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
48 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Apex, you could pay more than the asking price. 47.1% of homes here sold above asking price last month.
Summary: A total of 102 homes were sold or pending in Apex in May 2024, down by 17.1% month-over-month. Of the 102 sold homes, 31% were sold under asking, 22% were sold at asking, and 47% were sold over asking.
Days on Market for Apex, NC
How long does it take to sell a home in Apex, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 74 Days | 10 Days | -85.4% |
Summary: Homes in Apex had an average of 10 days on market in May 2024, down by 85.4% compared to last year.
Breakdown of Home Sale Times
96 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Apex are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 102 homes were sold in Apex; 94% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
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Copyright © 2024 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.