$5,047 Closing Credit*
$425,000
1,457 SqFt
3 Beds
•2 Full Baths
Autumn DuBois, Listing Office: Compass -- Raleigh
Is Cary, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Cary has remained a Seller's Market.
Key Takeaway
Cary is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cary, NC
How much do homes in Cary, NC cost?
Median Sold Price
$611,144
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$38,013(+6.6%)
Key Takeaway
Homes in Cary have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Cary was $611,144 in October 2024, up 6.6% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $217.5K | $222K | +2.1% |
| 2 Bedrooms | $350K | $359K | +2.6% |
| 3 Bedrooms | $500.3K | $525.1K | +5.0% |
| 4 Bedrooms | $635K | $709.4K | +11.7% |
| 5+ Bedrooms | $930K | $989.6K | +6.4% |
Summary: Cary housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.1%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Cities
| White Oak Township | $575.3K | $617.8K | +7.4% |
| Cary | $573.1K | $611.1K | +6.6% |
| Cary Township | $569.9K | $605.9K | +6.3% |
| Cedar Fork Township | $542.4K | $560.6K | +3.4% |
| Morrisville | $503.7K | $501.6K | -0.4% |
Housing Supply in Cary, NC
How many homes are available in Cary, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 459 | 512 | +11.5% |
Summary: The Cary real estate market had 512 homes for sale in October 2024, a 11.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 47 | 55 | +17.0% |
| 3 Bedrooms | 157 | 166 | +5.7% |
| 4 Bedrooms | 169 | 195 | +15.4% |
| 5+ Bedrooms | 86 | 94 | +9.3% |
Summary: The Cary housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 17%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 9.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 105 | 121 | +15.2% |
Asking Price vs. Sold Price
65 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cary, you may be able to get a good deal. 53.7% of homes here sold below asking price last month.
Summary: A total of 121 homes were sold or pending in Cary in October 2024, up by 15.2% month-over-month. Of the 121 sold homes, 54% were sold under asking, 14% were sold at asking, and 32% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 56 Days | 31 Days | -43.2% |
Summary: Homes in Cary had an average of 31 days on market in Oct 2024, down by 43.2% compared to last year.
Breakdown of Home Sale Times
78 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cary are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 121 homes were sold in Cary; 64% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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