$5,926 Closing Credit*
$499,000
2,318 SqFt
4 Beds
•2 Full Baths, 1 Partial
Eunice Robertson, Listing Office: Broker/ REALTOR Group, Inc.
Is Cary, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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
$601,255
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$28,911(+5.1%)
Key Takeaway
Homes in Cary have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Cary was $601,255 in September 2024, up 5.1% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $222K | -1.3% |
| 2 Bedrooms | $341K | $360K | +5.6% |
| 3 Bedrooms | $500K | $525K | +5.0% |
| 4 Bedrooms | $635K | $700.1K | +10.3% |
| 5+ Bedrooms | $925K | $974K | +5.3% |
Summary: Cary housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 5.3%.
Median Sold Price Compared To Nearby Cities
| White Oak Township | $575.1K | $611.5K | +6.3% |
| Cary Township | $570.2K | $600K | +5.2% |
| Cary | $572.3K | $601.2K | +5.1% |
| Cedar Fork Township | $540K | $560.8K | +3.9% |
| Morrisville | $500K | $502K | 0.4% |
Housing Supply in Cary, NC
How many homes are available in Cary, NC?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 486 | 446 | -8.2% |
Summary: The Cary real estate market had 446 homes for sale in September 2024, a 8.2% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 47 | 48 | +2.1% |
| 3 Bedrooms | 158 | 152 | -3.8% |
| 4 Bedrooms | 175 | 159 | -9.1% |
| 5+ Bedrooms | 105 | 87 | -17.1% |
Summary: The Cary housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 2.1%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 17.1%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 155 | 96 | -38.1% |
Asking Price vs. Sold Price
45 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cary, you may be able to get a good deal. 46.9% of homes here sold below asking price last month.
Summary: A total of 96 homes were sold or pending in Cary in September 2024, down by 38.1% month-over-month. Of the 96 sold homes, 47% were sold under asking, 29% were sold at asking, and 24% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 69 Days | 25 Days | -62.8% |
Summary: Homes in Cary had an average of 25 days on market in Sep 2024, down by 62.8% compared to last year.
Breakdown of Home Sale Times
65 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
3 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 September 2024, 96 homes were sold in Cary; 68% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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