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
$435,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fuquay-Varina have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Fuquay-Varina was $435,000 in May 2024, up 2.4% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $300K | $296K | -1.3% |
| 3 Bedrooms | $384.9K | $400K | +3.9% |
| 4 Bedrooms | $452.6K | $468.1K | +3.4% |
| 5+ Bedrooms | $585K | $586K | 0.2% |
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 decreased by 1.3%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 0.2%.
Median Sold Price Compared To Nearby Cities
| Middle Creek Township | $474.9K | $487.9K | +2.7% |
| Fuquay-Varina | $425K | $435K | +2.4% |
| Holly Springs Township | $576.2K | $571.5K | -0.8% |
| Fuquay Varina | $454.9K | $451K | -0.9% |
| Willow Spring | $425K | $405K | -4.7% |
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 |
|---|---|---|
| 147 | 163 | +10.9% |
Summary: The Fuquay-Varina real estate market had 163 homes for sale in May 2024, a 10.9% increase 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 | 5 | 5 | 0.0% |
| 3 Bedrooms | 67 | 82 | +22.4% |
| 4 Bedrooms | 54 | 58 | +7.4% |
| 5+ Bedrooms | 21 | 18 | -14.3% |
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 remained the same, 3 bedroom homes increased by 22.4%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 39 | 48 | +23.1% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
6 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. 62.5% of homes here sold below asking price last month.
Summary: A total of 48 homes were sold or pending in Fuquay-Varina in May 2024, up by 23.1% month-over-month. Of the 48 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% 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 |
|---|---|---|
| 89 Days | 13 Days | -85.0% |
Summary: Homes in Fuquay-Varina had an average of 13 days on market in May 2024, down by 85% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 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, 48 homes were sold in Fuquay-Varina; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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